Sunderland based UK Property Bank (UKPB), who specialise in fast cash purchases of residential property have announced today the adoption of plc status. No longer a limited company UKPB are responding to a surge in demand for their services by preparing for a stock market listing.
With more and more people looking for a fast house sale to a property buying company UKPB are looking to open up capital markets to enable them to expand their house buying capacity. ?With more and more people realising that this can be a quick and viable way to ensure a property sale we are presently inundated with new applications. And whilst we enjoy continued support from our banking partners the time has come to seek further capital to fuel the next stage of our growth? reports Jim Akin, sales and marketing director. ?Adopting plc (public limited company) status prepares us for a stock marketing listing which will enable us to raise capital which can they be geared up using increased bank facilities thus allowing us to complete many more deals?.
UKPB confirm current market trends of declining prices in the UK residential market. They report a 15% fall in average offer prices made since the beginning of 2008. ?Whilst this may make grim reading, anyone prepared to take this on the chin can become an immediate cash buyer and by bargaining hard on what they want to buy, can actually win out despite present market conditions. It is a good time think about trading up.?
UKPB also report that the credit squeeze has not affected their current capacity for fast house purchase. ?Our business model remains sound and by buying and selling at realistic prices we continue to trade profitably. This gives our bankers confidence to continue, and increase, our facilities. Buying homes for cash remains our core business and we look forward to helping many more anxious property sellers as we expand our capabilities. It is our intention over the next few years to become the premier, most trusted house buying company through growth and our continued excellence of service. This includes fair and transparent dealings, very quick decisions and the fastest possible completion of deals agreed.? UK Property Bank buy residential property throughout England Wales and Scotland. Their website is http://www.ukpb.co.uk
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