x
By using this website, you agree to our use of cookies to enhance your experience.
Graham Awards

TODAY'S OTHER NEWS

Purplebricks launches Mortgage division

Purplebricks has launched launched a mortgage divison, known formally as Purplebricks Mortgages Limited

This will see a team of more than 150 people operating under the Purplebricks Mortgages name, and the agency says this will "enable customers to benefit from an end-to-end house buying solution on the Purplebricks platform." 

The new division takes over from the Strike Financial Services operation; online agency Strike purchased Purplebricks just under a year ago for just £1.

Following the introduction of Purplebricks' new pricing model at the end of last year - emulating the Strike 'free to sell' deal - the business says it's also been focused on "providing in-house access to market leading mortgage deals."

As Strike Financial Services, the business has facilitated more than 315 new mortgages per month so far this year.

Joanne Pocklington, Managing Director of Purplebricks Mortgages, says: “Moving to the Purplebricks name is the next stage of our evolution in the Group ... The process of finding the right mortgage is critical to supporting the growth in home ownership in the UK. At Purplebricks Mortgages we innately understand the housing market and use this expertise to benefit our customers every day. Not only can customers get the right deal, we’ve also streamlined the house buying process with Purplebricks to allow everything to be done under one umbrella.”

Advertisement

Sam Mitchell, chief executive of Purplebricks, adds: “The teams at Purplebricks and Strike will leverage their experience and knowledge in the property industry as we transition to Purplebricks Mortgages. In the latest step in the Purplebricks’ journey, we will continue to emphasise customer satisfaction and the dedication that runs throughout the business to innovate and challenge the process of buying and selling homes. With increased competition from banks on mortgage rates, our ambition is to show to buyers the range of trustworthy and expert lenders available to support them on what can be a stressful and costly journey.”

  • icon
    • S S
    • 30 April 2024 09:49 AM

    Bu tif you are selling/buying a house through Purplebricks and not paying for the service, teh only way they can create turnover is through referral/commission fees. What's the betting that if you dont use their mortgage service, you'll be charged a fee, just like if you don't use their conveyancing service, you'll be charged a fee. Smoke and mirrors.
    If you think that you'll get the best service, the best sale of your most expensive asset by paying NOTHING for it - just remember - "no such thing as a free lunch", "pay peanuts, get monkeys", in this case pay nothing and you'll probably get maggots!

  • icon


  • icon

    This bit confused me "continue to emphasise customer satisfaction"

  • Samantha Sullivan

    I'd like to know why so many agents have been let go again, how wales went from over 30 to only 2 agents and another round of area directors appearing. Last time they did that, the new directors had to do the mass sacking to take the heat off head office. I can't understand how this hasn't hit the press yet

icon

Please login to comment

MovePal MovePal MovePal
sign up