Propp has expanded its comparison platform to now include BTL and secured loans.
The new features will allow Propp users to gauge estimated costs online, in a bid to increase transparency and choice offered to investors.
Once the user inputs their property details online — such as the property value and loan term — the system then provides a list of products from various lenders which match the criteria.
Peter Williams, CEO at Propp (pictured above), said the expansion was a part of the platform’s strategy to become a “one-stop-shop” for all specialist finance solutions.
He added: “The majority of our bridging clients are landlords and investors that regularly use bridging finance to build a portfolio and will exit by refinancing onto BTL.
“A BTL comparison capability was a natural addition that would add value for our most loyal clients who rely on our site to calculate their costs, but also efficiencies for our team who can source cases on ‘home-turf’ via the Propp website.
“We’ve successfully used our academy programme to expand our BTL team, but the missing element was the supplementary tech, which is paramount to what we’re all about at Propp — now we have the full package for our clients.
“In a world where it’s getting more and more difficult to get regular first-charge lending, we felt it was a great addition to the product range to allow our landlords to raise money in a way that suits them.”
