Buy My House Specialists Adopt Plc Status

    SUNDERLAND, England, July 17 /EMWNews/ -- Sunderland based UK

Property Bank (UKPB), who specialise in fast cash purchases of residential

property have announced today the adoption of plc status. No longer a

limited company, UKPB are responding to a surge in demand for their

services by preparing for a stock market listing.



    With more and more people looking for a fast house sale to a property

buying company UKPB are moving to open up capital markets enabling them to

expand their house buying capacity. "With more and more people realising

that this can be a quick and viable way to ensure a property sale we are

presently inundated with new applications. And, whilst we enjoy continued

support from our banking partners, the time has come to seek further

capital to fuel the next stage of our growth," reports Jim Akin, sales and

marketing director. "Adopting plc (public limited company) status prepares

us for a stock market listing which will enable us to raise capital which

can then be utilised with increased banking facilities thus allowing us to

complete many more deals."



    UKPB confirm current market trends of declining prices in the UK

residential market. They report a 15% fall in average offer prices made

since the beginning of 2008. "Whilst this may make grim reading, anyone

prepared to accept these risks can become an immediate cash buyer and by

bargaining hard on what they want to buy, can actually win out despite

present market conditions. It is a good time think about trading up."



    UKPB also report that the credit squeeze has not affected their current

capacity for fast house purchase. "Our business model remains sound and by

buying and selling at realistic prices we continue to trade profitably.

This gives our bankers confidence to continue, and increase, our

facilities. Buying homes for cash remains our core business and we look

forward to helping many more anxious property sellers as we expand our

capabilities. It is our intention over the next few years, through our

continued excellence of service and growth, to become the premier and most

trusted house buying company. This includes fair and transparent dealings,

very quick decisions and the fastest possible completion of deals agreed."

UK Property Bank buy residential property throughout England Wales and

Scotland. Their website is http://www.ukpb.co.uk