There is a new company operating the deferred payment system at Purplebricks, one of the UK’s biggest property agent sites.
The company is Duologi, a trading name of Specialty Lending Corporation owned by Oaktree, a major shareholder of Countrywide.
Recently, Purplebricks said this was simply a coincidence. In an official statement, Purplebricks stated, “Our customers continue to enjoy and welcome the benefits of our deferred payment option, which comes at no additional cost to them. Our customers contract only with Purplebricks. Our customers have welcomed this change and as a result, more of them are selecting the deferred payment option. Close Brothers have been and continue to be a strong relationship and advocate for Purplebricks.”
They continued, “Duologi will pay Purplebricks and collect the payment from the customer on our behalf. There is no direct third-party relationship with the customer and no facility agreement.”