qwakuk
Member of DD Central
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Post by qwakuk on Mar 27, 2019 22:03:01 GMT
stuartassetzcapital Gone very quiet here and no real information on the your website. What exactly is happening in the background ?
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Post by Ace on Apr 3, 2019 22:57:24 GMT
Is there a definitive version of what all the fees are now? I'm still confused. It's not surprising you're confused. Here's a quote from their loan conditions: "7.7 Upon the end of the Loan Period, the Broker will charge the Lender a fee at one per cent (2%) of the Sale Proceeds less any fee prescribed in Article 7 herein (the "Repayment Fee")" I told them about this, and other inconsistencies, by email, telephone and via this thread months ago. Also, there's still no clarification on which particular rule restricts the capital growth to 5%, or whether this is applied annually or averaged over the life of the loan. E.g. If a 5 year loan gained 40% in year 1, lost 10% in year 2 and remained level in the other 3 years, would the investor gain be: A) A 25% gain (overall gain of 30% restricted to 5 x 5%) Or B) A 5% loss (first year gain limited to 5% plus 10% loss in second year). Again, my request for an explanation with worked examples was ignored. Bump stuartassetzcapital , the above points have still not been addressed. I note that a new property has now been released, but the same errors and inconsistencies reported here and via other routes are still present in the Loan Conditions for this new property. Surely you've had time to thoroughly review and correct these by now! I also note that there is no mention of the 5% per annum capital gains cap on this new investment. Is this an oversight, or is this property somehow different? I also note that your "calculator" is unaware of this cap for either property. I'm feeling that my equity investment in AE may have been a bit of a mistake. As a potential investor, I'm sorry to say that I'm not overly impressed. I expected better from the Assetz brand.
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jester
Member of DD Central
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Post by jester on Apr 10, 2019 20:13:12 GMT
No doubt it's in here somewhere but I can only find the question asked rather than answered!
Did we ever get to the bottom of how income is classified for tax purposes?
On Property Partner these are dividends which have a £2k allowance before tax, personally this would be preferable to interest/income where I'm already maxing out my smaller £500 allowance!
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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
Posts: 11,330
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Post by ilmoro on Apr 10, 2019 20:46:21 GMT
No doubt it's in here somewhere but I can only find the question asked rather than answered!
Did we ever get to the bottom of how income is classified for tax purposes? On Property Partner these are dividends which have a £2k allowance before tax, personally this would be preferable to interest/income where I'm already maxing out my smaller £500 allowance! Pretty sure its interest. You arent buying shares in the SPVs and its done under p2P permissions.
'This is an investment in peer-to-peer loans and is not a direct property investment or a savings account. '
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jester
Member of DD Central
Posts: 175
Likes: 208
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Post by jester on Apr 11, 2019 10:16:58 GMT
No doubt it's in here somewhere but I can only find the question asked rather than answered!
Did we ever get to the bottom of how income is classified for tax purposes? On Property Partner these are dividends which have a £2k allowance before tax, personally this would be preferable to interest/income where I'm already maxing out my smaller £500 allowance! Pretty sure its interest. You arent buying shares in the SPVs and its done under p2P permissions.
'This is an investment in peer-to-peer loans and is not a direct property investment or a savings account. '
Thanks ilmoro , as I suspected, but wanted a second opinion. Does make me question whether I should be investing here at all ..... I assume there has been no mention of an IFISA wrapper? stuartassetzcapital ? chris ?
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Post by Ace on Apr 11, 2019 12:34:35 GMT
Pretty sure its interest. You arent buying shares in the SPVs and its done under p2P permissions.
'This is an investment in peer-to-peer loans and is not a direct property investment or a savings account. '
Thanks ilmoro , as I suspected, but wanted a second opinion. Does make me question whether I should be investing here at all ..... I assume there has been no mention of an IFISA wrapper? stuartassetzcapital ? chris ? When I spoke to AE a couple of months ago they said that their IFISA would be available soon.
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Post by slumberingaccountant on Jul 29, 2019 19:41:35 GMT
Email today with another new idea - property development share. Suggested min is £2,500. I have replied suggesting that i would be interested but only to about £600, my current max in any p2p loan. ( about 0.5% of my p2p total)
Any other views - thanks
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ton27
Member of DD Central
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Post by ton27 on Aug 3, 2019 15:32:16 GMT
I also got an email (now deleted) but pretty sure the minimum in mine was £5000 - any one else care to comment on minimum?
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Post by Ace on Aug 3, 2019 15:34:52 GMT
I also got an email (now deleted) but pretty sure the minimum in mine was £5000 - any one else care to comment on minimum? The example in my email said £5k minimum. I would like Assetz to have informed us why their fund raise has been restructured.
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Post by wiseclerk on Aug 20, 2019 18:11:13 GMT
AE is raising on Seedrs
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mrk
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Post by mrk on Sept 21, 2019 12:59:11 GMT
Got an email with a promotion whereby if I deposit via standing order I get a 5% bonus for 6 months. But I only see 3 properties available in the Aftermarket at the moment, so not sure what I would be investing in. Presumably they have some new properties in the pipeline if they're running a promotion to attract more funds?
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Post by Ace on Sept 21, 2019 14:51:25 GMT
Got an email with a promotion whereby if I deposit via standing order I get a 5% bonus for 6 months. But I only see 3 properties available in the Aftermarket at the moment, so not sure what I would be investing in. Presumably they have some new properties in the pipeline if they're running a promotion to attract more funds? I received the same offer by email, and, after getting a speedy response to many questions, have decided to give it a go. There is quite a lot of availability in the 3 existing properties, and more properties coming soon, according to AE. My biggest concern was the restriction of capital growth to 5% per annum. I realise that this is unlikely to be an issue in the immediate future, but these investments are generally a minimum of 5 years, so could become an issue in future. They have said that they are investigating removing this restriction, but, obviously, no guarantees.
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sd2
Member of DD Central
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Post by sd2 on Oct 16, 2019 10:07:53 GMT
Got an email with a promotion whereby if I deposit via standing order I get a 5% bonus for 6 months. But I only see 3 properties available in the Aftermarket at the moment, so not sure what I would be investing in. Presumably they have some new properties in the pipeline if they're running a promotion to attract more funds? I am going to put in £100 a month but not necessarily invest it till I see something tasty. The 5% on it's own makes it worth it. I may of course investment more. Although it says by standing order they assertz exchange are only basing it on the code they have given you. I haven't set it up as a standing order.
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sd2
Member of DD Central
Posts: 621
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Post by sd2 on Nov 3, 2019 12:09:24 GMT
Yes just in a few recent years the low Exchange rate has boosted the stock market - in my view this is artificially supporting share prices - if Brexit is bad then the pound may fall further and maybe slightly support shares versus the other challenges the market will face - but if Brexit goes well the pound may soar and the stock market finally start its overdue journey down. I think this could be construed as investment advice? Can you lend me your crystal ball!?
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hazellend
Member of DD Central
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Post by hazellend on Nov 3, 2019 13:35:59 GMT
Yes just in a few recent years the low Exchange rate has boosted the stock market - in my view this is artificially supporting share prices - if Brexit is bad then the pound may fall further and maybe slightly support shares versus the other challenges the market will face - but if Brexit goes well the pound may soar and the stock market finally start its overdue journey down. I think this could be construed as investment advice? Can you lend me your crystal ball!? Lendy used to give opinion on the FTSE 100 in their newsletter but quickly stopped after they were ridiculed for their ignorance
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