Build Magazine August 2015

Build Magazine 9 New Invest- ment Portal Set to Change Funding in Construction Investment portal Pring .co.uk attracts 5,000 agents A web portal which radically changes the way investors search for their next investment property has signed up 5,000 agents, less than six months since its launch. Pring .co.uk took two years to develop and has al- ready attracted estate agents across the UK who have uploaded more than 300,000 properties onto the site. It is the brainchild of Stephen Moss who started his career in an estate agency before going on to co-found a number of other property businesses, including national chain, Legal 4 Landlords. A key development is that, for the first time, Pring. co.uk allows users to search for investment prop- erties which meet their exact requirements using a range of search criteria, including location, pur- chase price, rental value, mortgage cost, potential yield and return on investment. More than 5,000 agents from across the UK have uploaded their properties and the site is attracting 100,000 plus visits a month. The launch comes at a time of boom for the buy to let sector with almost one in five homes in Britain now owned by private landlords. Stephen Moss, CEO of Pring .co.uk, commented on how the launch of the portal was impacting on the industry. “There was a clear gap in the market for a search portal dedicated to investment properties. I was hearing the same issues from property investors time and time again. There was nowhere they could go to search for suitable investment proper- ties in one place without spending hours and hours going through each property in a given location and working out the figures. Pring brings together all the figures an investor needs before deciding whether a house is worth viewing. “We’ve developed the site to make sure it provides everything the property investor needs. They can look for properties in a specific area that give a particular return on investment and see immediate- ly what the mortgage cost will be.” Pring .co.uk can be used by investors of all budgets, ambitions and interests, with this flexibility making the product particularly appealing to investors who are handling multiple projects. The site allows users to sign up to receive alerts when properties which match their criteria go onto the market. It also gives details of off market develop- ments, discounted services and provides access to a dedicated investment specialist account manager. The pricing structure is also designed to be com- pletely user friendly. Agents subscribe to the site for a fixed fee of £60 per month plus VAT which allows unlimited property uploads, meaning they pay only one set of costs. The new portal allows users to search through potential investment properties without having to go through a laborious process of searching for properties via various different estate agents, streamlining the process and saving both time and money for investors. News Lenscap Photography / Shutterstock.com