The Board of Warrington–based property broking and letting group In House Group Plc has agreed to take a 75 per cent interest in Breatheasy Finance, a Cheshire firm that identifies housing stock at below market value with a view to achieving strong rental yields.

The Board of Warrington–based property broking and letting group In House Group Plc has agreed to take a 75 per cent interest in Breatheasy Finance, a Cheshire firm that identifies housing stock at below market value with a view to achieving strong rental yields.

Terms have been agreed with a proposed purchase price of up to £200,000 to be settled in an all-share deal. In House Group has issued 50 million shares to settle a £25,000 payment for a three-month exclusivity period.

The deal is currently at the due diligence stage.

In House posted a loss of £786,000 to the year ended 30 April 2008, compared with £960,000 during the same period last year.

To boost revenues the group has been in negotiations to acquire property management companies. The Group has also raised £165,000 through convertible loans for working capital.