Opinions

I'd hazard a guess that it'd be remarkably easy to avoid such loans if one was unaware they existed.  

Which platforms do you consider better for bridging loans? Cheers Phil.

Hi all,

After finding much useful information on this forum (and others) I've decided to get involved in this to supplement my own buy to lets. I'm about to sign up for FundingSecure and wondering if anyone wants to have £50 credited to their account (if they still do this) then I'll use their link to sign up.

Thanks.

Well I've now had accounts for 2 out of my 3 BTLs...and even tho looking at their latest deals they do appear to be being a bit more transparent, and I was probably unfortunate in choosing to invest before their significant drop in fees I definitely won't be trusting them to invest any more. I actually had to double check they were in fact referring to the same properties I originally downloaded details for due to fees mentioned in passing in various documents but not included in the financials. I'm not so bothered about the first year's returns, I accept they'll always be reduced because of start up times etc, it's actually the forecast returns for next year that I find more "interesting", and that paint a very different picture. For example, an HMO whose best case future dividend return is 4.4%.... 

Yeah so they may have cleaned up a bit, looks like they reduced their fees, appear to now be quoting net returns (although the latest summary I looked at still makes no mention of management company fees so that still may be an unexpected sting, as although the name HCPM would suggest they manage it themselves it appears not) but even if they suddenly start being totally transparent, and stop charging for stuff that PM include in their fees, they've now definitely lost me - the only thing stopping me trying to sell out is that it would wipe out more than a year's returns!

Their loss, PM's continued gain

adrianc hazellend


It is this true that currently, property moose has some advantages over the house crowd, but it still makes sense to invest in both, for the simple reason of diversification. adrianc Saving stream is surely liquid than property moose and the house crowd, but relying solely on it to relieve your itch might leave you with a permanent itch the future As I believe that the recent drop in interest rates for SS , in my opinion, is the first in a sequence.

For the sake of our investments we should encourage the house crowd go out to improve their platform


Lower minimum investment
Periodic rental payments or dividend payments
A secondary market.




They have already made significant improvements from their initial site and I applaud that, I am sure that in the future property moose and the house crowd out will have comparable functions on their sites.


In the meantime all we can do is ask for them