Assetz Exchange: The Future of Buy-to-Let

Hows this platform doing in general ? Thank you for your time.

Yes, I thought the same. The information provided was certainly insufficient. 

Tagging stuartassetzcapital (since he's previously contributed to this thread). Can you please ensure that sufficient information is provided by AE to make a properly informed decision for future votes. 

By way of introduction, my name is Peter Read and I am a director of Assetz Exchange. It was clear throughout last year that the first iteration of the website was not operating sufficiently to the level we and investors wanted. Our first step in addressing the deficiencies was to ensure we had the right team in place. We achieved this by Q1 this year. Since then, we have been working hard to overhaul the administration system, which has included internalising the accounts of the respective properties and reviewing all the procedures and associated documentation. The votes that you have recently been requested to action are part of this development. Over the coming weeks investors will also be provided with full transparency on the historical accounts for each of the properties and a more systematic and comprehensive approach to forecasting. At the same time, we are developing a new website that better reflects the investment platform that we are. It is too early at this stage to provide specific dates for the full rollout, however we are eager for beta testers to assist in reviewing it. If this is something that you are interested in please email us at helpdesk@assetzexchange.co.uk.



We appreciate your points regarding the lack of detail for the vote on the new tenancy for Rivermill Court, Kirskstall, and in future we will ensure that more information is provided in order to make a more informed decision. Nevertheless, this partly reflects the speed in which we needed to get the vote published in order to operate in a way in which we don’t lose prospective tenants owing to delays. This property has been vacant since 5th June and this is the first offer we have received. Furthermore, there remains considerable uncertainty surrounding the new academic year in September, with many courses now going online. The agent has also informed us that many other landlords are now lowering rents and offering incentives such as the first month’s rent free. Therefore, we did not want investors to miss this opportunity with other units available in the same block.

All valuations are provided by RICS surveyors who are commissioned through VAS Panel. We have no direct contact with the surveyor. The valuation documents are provided for investors to scrutinise on the property details page.



Regarding our fees, for the most part, Assetz Exchange charges a loan arrangement fee of 3% at the time of initial financing. When the site launched, we charged a sourcing fee based on the discount achieved and a fee to lenders. However, we dropped these charges in response to feedback from investors and underwriters. There is currently no commission for buying or selling on the Exchange.



Our fees earned for each property are transparent and outlined in the property details page.

Thanks, for some reason completely missed that on multiple occasions

Good afternoon,

These are direct costs to the SPV, not AE charges. Furthermore they are competitive, as accountants typically charge > £600 to file a set of accounts and tax returns. However, we have established a much more efficient way to do this and thereby keep yields as high as possible. We will be releasing a full breakdown of the historic costs for each property which will enable you to see the Loan Monitoring Fees. These vary from C. £3 per month for Kirkstall to c. £34 a month for Shelton (one of the Avant Showhomes). Our sales are predominantly derived from the purchase of new properties.