PPR offers new revenue stream for IFAs

PPR is offering IFAs referral fees of up to 2%, for those who successfully introduce clients looking for a fast sale on their residential property or property portfolio.

A growing number of homeowners and landlords who are concerned about job security and future income are looking to offload their property quickly before house prices fall further, according to PPR.

Nick Hopkinson, director of PPR, said: "We are also able to assist their clients who are suffering from increasing debt to release the equity they have in their homes quickly, before their value falls further."

Rob Ferris, a Birmingham based IFA, has recently helped a client avoid repossession and get out of debt by recommending they sell their homes to PPR. He explained that PPR was the only realistic option for one of his mortgage clients after they had lost their job and got into serious arrears.

He said: "They did not qualify for any of the remortgage deals available and had tried and failed to sell their three bedroom semi on the open market, with their sales chain collapsing, for the second time, after six months. PPR acted very fast with the whole transaction completed in just over two weeks."