bigfoot12
Member of DD Central
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Post by bigfoot12 on Jun 3, 2016 9:40:23 GMT
No, nor have I heard of propnology or shareproperty which are also raising money. This space is starting to get a bit crowded. Strange given the terms of investing seem to have got much worse in the last few years (stamp duty and tax credit).
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Post by reeknralf on Jun 3, 2016 10:19:00 GMT
They're waiting for FCA authorisation before listing their first property. They're supposedly going to focus on East Anglia, which the competitors seem to have largely ignored so far. I put a couple of hundred in the first round as they engaged well (unlike PP), promised a SM (unlike PM and HC), plus I grew up in Norfolk so nostalgia probably clouded my vision.
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hazellend
Member of DD Central
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Post by hazellend on Jun 3, 2016 14:22:53 GMT
I think platforms with more than 15 properties will be exempt from the additional 3% duty, 1. Was true but not anymore. Unfortunately!
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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 Jan 13, 2017 15:17:05 GMT
Has anybody checked them out? First property listing looks interesting 6% yield, student acommodation in Chester (nowhere near E Anglia Im afraid reeknralf) SPV structure within a larger SPV operated by a company with proven student accommodation track record. Currently offering 3% cashback which effectively reimburses 3% Brickowner fee. Supposedly an SM though as this is the first listing no idea how it works (3% fee for buying, nothing for selling) Site is a bit estate agent and lots of white space. Going to dip a toe as the yield is decent. |
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Post by webbski9 on Jan 15, 2017 7:41:00 GMT
Agreed Ilmoro!looks interesting.Certainly good , guaranteed ( for 1year at least) income.The exit route is a tad sketchy and is not in BO's control due to the small percentage of "skin" that they ( ie us investors hold).A more definitive exit strategy would be welcome.Worth a punt I think
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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: 11,329
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Post by ilmoro on Jan 31, 2017 15:17:05 GMT
1st property now 93% funded, needs another £3.5k to get it over the line, if anyone is holding back to see if it will make it.
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Post by sayyestocress on Feb 2, 2017 14:28:54 GMT
Dipped my little toe in. Bit wary with them being a new player and their first property, but could be interesting as I haven't seen student accommodation on the PM or PP.
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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: 11,329
Likes: 11,545
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Post by ilmoro on Feb 2, 2017 16:36:25 GMT
Well done Brickowner First property fully funded (well whats a quid amongst friends  ) Looking forward to what you come up with next but please not in County Durham. Thats being conquered by PM by stealth, one house at a time  |
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Post by sayyestocress on Feb 22, 2017 8:48:01 GMT
Some details are now on their site for their second opportunity. It's difficult to see what it actually represents as the data looks incomplete so far and to be honest has left me confused. At first I thought it was a development loan to a what I thought was a home building company (based on a quick google) for a site or sites for 12 properties to be developed wrapped within an SPV. But then the third key point says that the company has established a successful track record of lending, which leads me to believe we're piggy-backing onto a loan from the company to an as yet unnamed recipient. Anyone have any thoughts? I guess we'll find out when it goes live.
Edit: seems like there's more than one company in property with the same name; one is a home builder, one is a residential finance company. It would appear the opportunity is with the latter.
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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 Mar 9, 2017 18:34:38 GMT
Next opportunity is now live
They are also raising 120k on Seedrs in a follow up round
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Post by buttchopf23 on Mar 16, 2017 21:13:56 GMT
I have invested in the equity round, now I would like to register as investor. They seem to have an affiliate, would someone like to invite me? |
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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: 11,329
Likes: 11,545
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Post by ilmoro on Mar 17, 2017 0:25:23 GMT
I have invested in the equity round, now I would like to register as investor. They seem to have an affiliate, would someone like to invite me? Love to but I dont think there is a program for individuals (certainly never seen any reference to one) Are you referring to the report about OFF3R which is a comparison type website which acts as an introducer to multiple P2P platforms?
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Post by buttchopf23 on Mar 17, 2017 7:19:37 GMT
Exactly, I just read affiliate at seedrs and did not take a closer look. I thought I could direct some extra bucks to a forum member... shame on me for not reading whats beneath |
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Mar 17, 2017 15:36:33 GMT
There's a £50 joining bonus via P2Pblog (I would also get a small commission for this)
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Post by buttchopf23 on Mar 30, 2017 20:30:36 GMT
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) Looking forward to what you come up with next but please not in County Durham. Thats being conquered by PM by stealth, one house at a time 
