Property Masters

Property Master exceeds crowdfunding target

Digital mortgage start-up Property Master has announced that its crowdfunding round will remain open despite achieving its initial target of £250,000.

The company plans to use the funding to enter a new phase of growth by developing a range of online landlord services, including portfolio finance tools for landlords with multiple properties.  

It also intends to increase its marketing spend to attract more landlords to its site.

Angus Stewart, chief executive at Property Master, said: “Exceeding our funding target is a massive endorsement for our vision to become the destination site for private landlords looking for all they need to support their business, beginning, of course, with the very best mortgage deal.”

Property Master reported that its mortgage application value increased by 83% in January and witnessed a further rise of 61% in the value of business recorded in February.

The company has recruited extra staff to manage the increased workload.

“The property market is being reshaped by new technology platforms, such as ours, which aim to make life easier for customers by taking the complexity and hassle out of issues such as raising finance,” added Angus.

“At the same time, we are also well-placed to benefit from the greater professionalisation of the private rented sector.

“Landlords are being squeezed on several fronts by higher tax bills, increased regulatory costs and now the threat of higher interest rates. 

“More than ever, they need to ensure they are not overpaying for their mortgages and without a doubt this is fuelling the current record level of mortgage applications Property Master is seeing.”

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