star dust
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Post by star dust on Sept 26, 2018 17:48:16 GMT
Looks like Assetz is finally launching it's crowdfunding BTL Platform
Just received an email with an invitation to pre-register and a 1% bonus for the first 5,000 to do so: Investments from £10, an SM (subject to demand).
"Crowdfunded
Buy-to-Let
Property investment for everyone.
Be first in line
Sign up to receive founder member status with exclusive benefits
Pre-release viewing of new properties
Priority access to investments before public release
First 5,000 Assetz Property members to sign up get a 1% cashback to boost returns*
One-click sign up with no obligation
The buy-to-let you know, made more accessible
A revolutionary new crowdfunding platform that lets you invest in property from just £10.
Invest alongside other people into properties of your choice
·
Invest privately or through an ISA
·
Residential, student & keyworker HMO stock
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Houses and apartments
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Ethical investing that addresses the housing crisis
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Hands-off – all properties fully-managed
This is buy-to-let without barriers
No deposit needed
No mortage application needed
No solicitors to instruct
No paperwork to sign
Takes minutes, not months"
In Edit: I've just pre-registered and got a screen saying "Thank you for your interest. We'll be in touch at launch in October"
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sl75
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Post by sl75 on Sept 27, 2018 7:10:02 GMT
I wonder how they determined which existing members to target, as I received no such email.
Intra-group synergies could perhaps helps to solve a conundrum for what happens to Development Finance projects where they're completed but struggling to complete sales - rather than in interminable wait for potential buyers like on Lendy, they can step in with an offer from Assetz Property to buy up all the remaining units ...?
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archie
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Post by archie on Sept 27, 2018 7:37:49 GMT
I'm not currently with Assetz but this looks interesting so I've signed up.  |
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Post by sayyestocress on Sept 27, 2018 7:48:14 GMT
Revolutionary? I can think of four platforms off the top of my head that have offered pretty much the same thing.
If property moose has taught me anything it's stay away from HMOs...
And why does it say this at the bottom of the page: "This is an investment in peer-to-peer loans and is not a direct property investment..."
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Post by Ace on Sept 27, 2018 8:12:45 GMT
What would make this more interesting for me would be if a current years IFISA allowance could be shared across Assetz accounts, i.e. some in Exchange and some in Capital. I realize that it won't, but was nice to dream for a while. It's always a bind trying to decide where to place the allowance each year.
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archie
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Post by archie on Sept 27, 2018 8:32:14 GMT
I'm not currently with Assetz but this looks interesting so I've signed up. Whilst I have made no secret of my dislike for the way the AC refer a friend bonus is pitched, I assume if you were not a member before that you used it? Or am I getting the relationship wrong? I pre-registered for this new venture, not the main Assetz offering. It's a no obligation sign-up.
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star dust
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Post by star dust on Sept 27, 2018 8:35:05 GMT
I wonder how they determined which existing members to target, as I received no such email. Intra-group synergies could perhaps helps to solve a conundrum for what happens to Development Finance projects where they're completed but struggling to complete sales - rather than in interminable wait for potential buyers like on Lendy, they can step in with an offer from Assetz Property to buy up all the remaining units ...?
Actually I signed up for notifications about Assetz Property years ago having seen the post below (which now looks eerily familiar) from Vero so I do not think I was targetted as a result of also being an AC investor. As a result of signing up I have 'endured' years of emails about fantastic discounts on various BTL's mainly in the north of the country, and some seemed familiar, but as I wasn't paying much attention on my dipped toe in AC I could well have missed any connections. I suspect there may be at least some of what you are intimating and indeed I believe (reading the runes) there are some AC investors who have invested in their (Assetz Property) BTL's. Is the Assetz group about to enter the crowdfunded buy-to-let space?
It seems so, from this email which Assetz For Investors (an Assetz group company) sent earlier today:
From: investors@assetz.co.uk
Sent: 14 February 2015 04:58
Subject: Newsletter - A New Approach to Investment
A New Approach...
Assetz for Investors is proposing a fresh and exciting approach to property investment.
Through this new platform, investors are able to overcome the traditional obstacles associated with investing in the buy-to-let market.
What are the benefits?
• You can invest from as little as £10 or as much as the whole value of the property
• No mortgage is required
• Each property is fully managed
• Rental income will be paid to directly to you
• You can sell your investment at any time
• Gives you access to properties outside of your budget
Register your interest to find out more next week.
investors.assetz.co.uk/enquiry.htm?enquiry_type=for_sale_enquiry&propID=7647
(sounds similar to Property Moose, Crowd2let, Property Crowd, The House Crowd et al, so I figure this post belongs here in the General Equities area).
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Mike
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Post by Mike on Sept 27, 2018 8:43:14 GMT
Actually I signed up for notifications about Assetz Property years ago having seen the post below (which now looks eerily familiar) from Vero so I do not think I was targetted as a result of also being an AC investor. As a result of signing up I have 'endured' years of emails about fantastic discounts on various BTL's mainly in the north of the country, and some seemed familiar, but as I wasn't paying much attention on my dipped toe in AC I could well have missed any connections. I suspect there may be at least some of what you are intimating and indeed I believe (reading the runes) there are some AC investors who have invested in their (Assetz Property) BTL's. I also have the emails (and calls) --- I get the impression they recently have been struggling to shift their BTL offerings. I'm very happy to see this, since I'm not able to diversify a property portfolio without this kind of shared ownership, and am keen on domestic property exposure. It will be interesting to see if these properties are ready-to-let (or newly built) from the start or need some kind of work doing. I do hope they have put some thought into the tax-implications of the investment structure, however.. And make it clear what the 'investment' consists of (loan to SPV please, with repayments monthly).
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Post by stuartassetzcapital on Sept 27, 2018 15:40:46 GMT
Hi everyone. Yes this is a loan based solution so you are funding an SPV to buy property as a 100% loan and with exposure therefore to price gains and losses through a particular loan agreement structure. All net rental passes through as loan interest to be paid. We have full tax advice yes. It will be initially focusing on acquiring existing landlord held property - so often already tenanted - and then renting for a period, say 5 years, and then selling. Some property will be held long term as only rental income generating and the aftermarket would be the optional exit if required meaning people can invest for income alone. So it won't be competing with first time buyers etc. In fact we will also be offering to fund new property construction and then holding it for rent and also selling some off over time - so bringing new housing stock into the market. And yes there is no reason Exchange couldn't offer to buy some stock from developers if their Assetz Capital development loan was reaching an end and there was some stock unsold. The choice to rent or sell will be up to the investors but we will be providing feedback on market conditions and demand for renting and selling so that the property can be directed in the direction of local demand. So there will be more property on the market to rent or buy in the future as a result of Assetz Exchange , not less or the same. We will be part of the solution to housing crisis, not adding to the problem - to answer someone's point. property.assetz.co.uk/exchange/ Hope that helps Stuart |
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Post by stuartassetzcapital on Sept 27, 2018 15:43:22 GMT
And there is a Seedrs raise in a couple of days or so - the same one that was leaked a few months ago by Seedrs too early ! Only a modest sum being raised at this point.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 27, 2018 15:53:02 GMT
Hi everyone. Yes this is a loan based solution so you are funding an SPV to buy property as a 100% loan and with exposure therefore to price gains and losses through a particular loan agreement structure. All net rental passes through as loan interest to be paid. We have full tax advice yes. It will be initially focusing on acquiring existing landlord held property - so often already tenanted - and then renting for a period, say 5 years, and then selling. Some property will be held long term as only rental income generating and the aftermarket would be the optional exit if required meaning people can invest for income alone. So it won't be competing with first time buyers etc. In fact we will also be offering to fund new property construction and then holding it for rent and also selling some off over time - so bringing new housing stock into the market. And yes there is no reason Exchange couldn't offer to buy some stock from developers if their Assetz Capital development loan was reaching an end and there was some stock unsold. The choice to rent or sell will be up to the investors but we will be providing feedback on market conditions and demand for renting and selling so that the property can be directed in the direction of local demand. So there will be more property on the market to rent or buy in the future as a result of Assetz Exchange , not less or the same. We will be part of the solution to housing crisis, not adding to the problem - to answer someone's point. property.assetz.co.uk/exchange/ Hope that helps Stuart Give Property Moose a ring ... theyve got some they need to get rid of probably.  No warranty as to quality.
PS Couldnt you call it something else - in P2P world AE means user cars!
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Post by stuartassetzcapital on Sept 27, 2018 16:02:06 GMT
AEX?
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SteveT
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Post by SteveT on Sept 27, 2018 16:04:46 GMT
Ass-X (or is that another one that’s taken already?)
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 27, 2018 16:11:57 GMT
Think you'll find that belongs to an oil company. There's also another P2P property company called Assetz Exchange, formerly London & Eastern Property t/a AE/thepropertyindex or have you bought them? Edit site defunct
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zlb
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Post by zlb on Sept 27, 2018 16:15:25 GMT
Why has PP survived and PM not? Is it that the Assetz property model is the same as PM? I got these emails so I must have signed up...
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No warranty as to quality.