Assetz Exchange: The Future of Buy-to-Let

Currently the HPI figure show the percentage change in the house price since the property was purchased (up to the latest available data).  So the data will keep changing as new data is released.  This is something we could look at changing.

For the property in question, the average house price for detached homes in County Durham were £166,865 when the property was purchased.  When the sale was agreed this had increased to £179,153 when the sale was agreed and is currently £209,695.

When lenders voted to sell this property in June 2020, the HPI for detached houses in County Durham had fallen by 2.4% from when the property was bought a year earlier.  The HPI change shown on the past investments page is the change in HPI from purchase date to now.  This number should really be removed.  

Don't forget that Assetz Exchange is the very same gang as Assetz Capital.

Same company.

Same boss, Stuart "Big Shiny Bentley" Law.

You may see his cheesy grin here on the Assetz website.

Since the day he was born, Stuart Law was told by his parents that whatever he wanted would always become 'The Law'. Therefore, he sees no wrong in treating lenders terribly as and when he wishes, depending on which side of the bed he gets up from on a particular morning.

Read the last several reviews from Assetz lenders/investors here. They ALL rate Assetz 1 out of 5 stars! 

For instance, here is the latest review:

"Little more than a bunch of crooks with no thought or consideration for the loyal investors who have helped keep them going over the years! Would not recommend anybody has anything to do with this company."

Don't say you weren't warned, when it all ends in tears!

Hi oatibiscuit, thanks for your interest in the platform.

Much of what you are asking we cover in our monthly newsletters if you sign up to our mailing list.  There is a detailed pipeline available on our website if you sign up (there is no obligation to invest) and we also discuss the pipeline in more detail in the newsletters I mentioned.

We continue to see healthy deposits onto the platform and new users sign up, if you email helpdesk@assetzexchange.co.uk I am happy to provide more information in this regard and answer any other questions you may have.

On the two latest properties we launched (yielding 6.3% net to investors) the underwriters have sold down on average 45% of their holdings.  Having said that a lot of them are happy to hold a significant part of their investment for the long term and are not looking to sell.  Indeed one of the properties actually rose in price last week.

We appreciate the state of the market at the moment and are now targeting higher yielding properties.  We have explained the situation to our Partners (ie the charities/housing associations we lease properties to) and they understand that rising interest rates impact demand for our product and they are agreeing to pay higher rent as a consequence.  We are looking at yields of 6.5-8% on new properties now compared to 5-6% previously.  We are also targeting smaller properties to improve liquidity.

We are looking at undertaking a full overhaul and rebrand of the site including a possible name change.  This will then feed through to increased marketing activities but we are also working on a number of targeted initiatives which are bearing fruit right now. We are also pleased that the majority of new sign ups continue to come by word of mouth from happy investors and we see that as the best way to grow.

Regarding profitability, we made a profit in financial year 2021/22 (which ended 31 October 2022) and we also posted a small profit in Q1 2022/23.  Our overheads are deliberately low and we see sustainability of the platform as our top priority.

I appreciate what you are saying, but, with all due respect, with heard all these platitudes about Assetz Capital time and again over the years and then you know what happened. Let's look at the evidence: you get your monthly salary by being a henchman of Stuart Law. If you don't please him and protect his interests, he shoves you out of the door and you get to go home on 129 bus . . . he won't give you a lift in his Bentley.  

Stuart Law is very much at the helm of Assetz. Here is his profile and picture on your website.

He is described there as your "CEO" in multiple places.

This "CEO" - and "Chairman" of yours, as you title him - is the same boss of Assetz Exchange who has been proven to have lied repeatedly. Here is an except from the CapitalStackers expose of Assetz's dubious behaviour and business model:

"Don’t forget, just two weeks before announcing Assetz’ ditching of retail investors, Mr. Law assured us all that “institutional demand will always be in addition to retail investment origination.” i.e. we’ll only let the financial big boys in once the ordinary investors have had their fill. So, in the space of the average skiing holiday, Assetz went from undying love for Mrs. Miggins to pushing her out into the snow."

In the very same way, you are obviously claiming you care about retail investors but your colleague Stuart Law has a proven track-record of stabbing them in the back as and when it suits his needs.

You have got a vested interest to try to save your business, as have many posters here on these forums who are shareholders and investors in Assetz. However, for me, my concern is the investors who may have dirty done on them in due course, as per all the distressed and angry reviews from Assetz investors on these very forums and here on Trustpilot e.g.

"ASSETZ STRIPPING


Seemed quite decent early on, but since the recent interest rate increases, they have become more greedy and are making investors suffer as a result while they line their pockets, what a surprise.



Words like cheated and conned spring to mind.



Date of experience: January 04, 2023"

I think a lot of readers might like you to continue here.