NAPSA is thrilled to announce an exciting new partnership with SPV Mortgages. Aimed at improving the property sourcing landscape, our collaboration will seek to help sourcing agents streamline the financing process, reduce fall-through rates, and deliver even greater value to investors.
At the core of our partnership is a shared vision to address a significant challenge in the property sourcing sector – securing finance for property deals.
As such, we have worked with SPV Mortgages for well over a year to introduce a game-changing solution to help sourcing agents “test” mortgage viability before presenting deals to investors.
Why This Partnership Matters
Finance is often one of the biggest hurdles in property sourcing. Deals can collapse when financing is declined at a later stage, causing unnecessary stress and wasted time for investors and of course sourcing agents.
“Finance is a critical component of getting deals over the line, and often causes major headaches when deals fall through due to finance being declined. Our partnership with SPV Mortgages is a game changer for the property sourcing sector. It will give sourcing agents the breathing space to check before presenting to the investor, getting that mortgage in principle much earlier on.”
– Tina Walsh, Founder and CEO of NAPSA
SPV Mortgages’ Dedicated Finance Panel
SPV Mortages brings an unmatched level of expertise and specialisation in financing off-market property deals. Jonathan Veers, founder of SPV Mortgages, sheds light on the challenges they aim to help sourcing agents overcome with this partnership:
“Off-market property presents unique financing challenges for investors and sourcers to overcome. Lenders frequently look upon private property deals with suspicion, and misunderstand the value of today’s sourcing agents in delivering professional results to investors.”
How does SPV Mortgages solve this? Through their robust network of off-market friendly lenders, they will help bring clarity and confidence to financing decisions. Working with NAPSA, SPV Mortgages have assembled a dedicated finance panel specifically for NAPSA-approved members.
This panel streamlines access to fast, flexible, and exclusive mortgage solutions, covering a range of property scenarios including:
- Commercial Properties
- Standard buy-to-lets
- HMOs
- Buy/Refurb/Refinance/Rent (BRRR)
- Ground up developments
- Deferred cash purchase
- Conversions
How the Partnership Works
This partnership introduces an easy-to-follow process for NAPSA-approved members to check the financing viability of their deals before engaging with investors:
- 1. NAPSA-approved members complete a pre-designed form
- 2. SPV Mortgages reviews the deal with their financial partners to assess whether it can be financed
- 3. SPV Mortgages then confirms the mortgages potential, giving sourcing agents a crucial advantage when presenting deals
- 4. The data is shared with NAPSA, so we can track over the course of the one-year pilot scheme what works, what doesn’t – and why.
The best part? This entire process provided at no additional cost to NAPSA members!
By integrating this financing step early in the sourcing process, agents can minimise risks, reduce deal fall-through rates, and ensure smoother transactions for both themselves and their investors.
“We are incredibly excited to be working with SPV Mortgages, and providing even more value to our credibile, professional and approved NAPSA Members. This partnership takes us one step closer to improving industry standards while helping sourcing agent succeed in their business.” – Tina Walsh, NAPSA
One-Year Pilot Scheme Exclusive to NAPSA-Approved Members
To ensure the success of this initiative, NAPSA and SPV Mortgages will run a one-year pilot scheme for this partnership. During this period, the focus will be on:
- Gathering insights into financing trends in property sourcing
- Identifying roadblocks in securing finance and learning how to overcome them
- Demonstrating to the finance market that compliant and professional sourcing agents can deliver reliable deals
The pilot scheme will only be open to NAPSA-approved members who meet the national minimum compliance standards.
This exclusive access underscores our commitment at NAPSA to promote best practices within the sector and supporting its professional community.
The Bigger Picture For Sourcers and Investors
For sourcing agents, this partnership represents a monumental step forward. not only does it bring clarity and efficiency to the financing process, but it also aims to reshare how the finance sector views and engages with property sourcing.
For investors, it will provide an extra level of security when working with professional and credible NAPSA sourcing agents who use this finance service. To be able to pre-approve finance in advance is a game changer for sourcing sector and one we are sure investors will value.
Jonathan noted that sourcing agents will also be “helping to strengthen the finance market’s confidence in sourcing agents and off-market property deals”.
Adding that, “Our goal is to achieve full market coverage across all property investment lenders for NAPSA approved members.”
We are aiming for this new partnership to completely transform the property sourcing sector, making the financing process seamless and empower sourcing agents to deliver better results for their investors.
NAPSA remains steadfast in our mission to improve industry standards and support our members in achieving long-term success. Our partnership with SPV Mortgages gives sourcing agents a valuable resource to “test” the mortgage-ability of their deals early, gain confidence, and reduce complications.
If you’re a NAPSA-approved member, we encourage you to take full advantage of this opportunity. It’s time to redefine what’s possible in property sourcing.
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