“All our clients were trying to obtain finance,” says Atif Malikin an interview with Manchester Evening News. “So we decided to go into the sub-premium market.”
After creating a fortune from virtually nothing through his shrewd eye for property and an uncanny knack for making the best deal, Atif Malik turned his attention to new areas of the property industry focusing on customers with CCJs and a poor credit history. In 2001, he created Lending Point, a mortgage company aimed at the sub-prime market offering finance for customers who would otherwise find it virtually impossible to get a mortgage.
A fast property sale can often end the misery of debt by giving fast access to cash when it’s needed most – often in as little as seven days. For many people it’s an opportunity to get out of the stress caused by credit difficulties and immediately begin improving their credit rating.
His next step was to create Properties Central UK, one of the leading property buying companies in the UK. Whereas Lending Point Central UK offer mortgages to those with bad credit ratings, Properties Central UK offers an alternative solution to mortgage arrears and bad credit by giving customers instant access to the equity in their homes.