Property Investors Awards – Property Trader of the Year

Property Investors Awards – Property Trader of the Year

0:01 AM, 2nd May 2024, About 8 months ago

Text Size

Pioneers in fast property buying, Property Solvers has emerged as a trailblazer in the property world.

Led by Ruban Selvanayagam and James Durr, Property Solvers has secured the title of 2023 Property Trader of the Year at the Property Investors Awards.

Starting out as buy-to-let investors James and Ruban moved into trading and build-to-sell developments as a complementary business activity to boost their cash positions.

They say that a business in the property trading sector can sometimes be perceived negatively by the public but Property Solvers take pride in understanding vendors (often complicated positions) and offers multiple solutions.

Ruban and James say it’s difficult to choose which properties they like to trade best but ultimately they have one that comes out on top.

They said: “Ultimately, residential as we understand it best.  Were both very interested in mixed-use / commercial conversions / resi development / planning gain and everything in between but there are not enough hours in the day!”

When considering a property to trade there are lots of different factors involved.

James and Ruban explain: “A solid margin when selling through our own auction house, market conditions (impact of rising interest rates for example has majorly affected the demand for auction properties over the last 12 months) and exit strategy (typically buy-to-let refinancing at 60-70% LTV) to boost the balance sheet.”

Whilst Property Solvers say they are that it may not match industry leaders in terms of volume, the company distinguishes itself elsewhere.

James and Ruban explain: “In terms of volume, we are behind industry leaders however, we are using our own capital to buy properties for cash.

“We work on wider margins, meaning our deal flow is slower but more profitable. This is complemented through a diversified revenue stream (through auction buyer and seller / estate agency completion fees).

“We’ll make offers (post survey and legal due diligence) and stick by them. We also will not force our quick cash solution when we are well aware the seller has better options.”

Their focus for the future is building a first class sales team and continuing to build a strong reputation as reliable property buyers.


Share This Article


Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Automated Assistant Read More