Purplebricks’ former National Lettings Director Richard Jacques (above, left) says his new investment platform Investerge will create a level playing field for investors and claims it’s already initiated property deals worth ‘multi millions of pounds’.
Jacques also says his platform will introduce investors to properties rather than sell them and help estate agents earn more commission.
The 32-year-old has told The Negotiator’s Nigel Lewis during a video interview (see below) that he wants to collate all of the UK’s investment properties into one central location instead of investors having to visit lots of different estate agents, brokers and investment companies.
Jacques says during his six years at Purplebricks he saw how the public were quickly embracing technology when it made their lives easier, and believes his new business will do the same for property investment.
“We provide predominantly off-market properties that aren’t going to end up on Rightmove, Zoopla or OnTheMarket,” he says.
“What we provide to estate agents is a way to work on their own individual data bases of clients who they may not have properties for today that they can then lead generate to us.
“And because the properties haven’t appeared on the portals, the investors get access to something more exclusive, and the estate agent is able to earn commission off the back of the sale.”
Jacques claims his new service is designed to attract UK investors in both HMOs and by-to-let properties but also foreign investors buying at a distance, helped by the current exchange rate fluctuations.
“At the moment investors have to liaise separately with a sales agent to buy the property, a lender to organise the loan and then a letting agent to manage the property but we can do all that from one place in a transparent way,” says Jacques.
Investerge outsources the property management to its letting partners, who use an API plugged into its platform so that investors can do everything from one place.