littonowl
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Post by littonowl on Sept 27, 2016 14:49:55 GMT
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ilmoro
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'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 Sept 27, 2016 15:14:22 GMT
Its a stocks & shares ISA. Youre basically investing in shares in a property fund with corresponding fees 2% initial & .85% annual management. Not entirely sure whats unique about it other than its avalable direct rather than going through a fund manager. Listed in Channel Islands, 200 million shares in total, currently 500k issued, current price £1.01 mid B****L*** R********** REIT - search on CISEA & CH for records Youd be basically sticking all your S&S eggs in one basket rather than the option to spread them across multiple funds/shares in UK listed REITS.
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littonowl
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Post by littonowl on Sept 27, 2016 16:39:05 GMT
Thanks very much, ilmoro.
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rick24
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Post by rick24 on Sept 27, 2016 16:45:23 GMT
Looks rather similar in concept to Property Partner, except that an ISA is available and they are seeking REIT status. Clicking through appears to show that they have 2 flats to invest in so far.
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Sept 27, 2016 17:12:02 GMT
Is it just me or is it a bit misleading to state both: "FSCS Protected to £50k" and "the value of your Bricklane.com investments can decrease as well as increase"?
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ilmoro
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'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 Sept 27, 2016 18:34:12 GMT
Is it just me or is it a bit misleading to state both: "FSCS Protected to £50k" and "the value of your Bricklane.com investments can decrease as well as increase"? No. Totally different. FSCS protects your investment in the fund if the provider goes bust, but it doesnt protect against investment risk, ie the value of shares decreases because the value of the underlying assets decreases.
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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 Sept 27, 2016 18:41:03 GMT
Looks rather similar in concept to Property Partner, except that an ISA is available and they are seeking REIT status. Clicking through appears to show that they have 2 flats to invest in so far. Not really. On Property Partner you are investing in shares in an SPV for an individual property, for bricklane you are investing in shares in a property portfolio. You cant invest in the individual properties and have no say over what the company does with those properties unlike PP. Incidently PP is authorised to offer an ISA, they just havent.
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beh
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Post by beh on Sept 27, 2016 18:48:39 GMT
Aye, I also find the £50k FSCS protection quite misleading when it clearly states "capital at risk" and "26.2 In the event that an investment is unable to meet its obligations, this will not in itself entitle investors to compensation from the FSCS...".
Do you get more information if you log in/register? It all seems a bit thin on detail when looking at the properties. For example, "Rental yield (before costs)" isn't very useful, what costs? Perhaps this is moot if you don't actually get a choice where your money goes beyond picking a region/fund.
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littonowl
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Post by littonowl on Sept 27, 2016 19:55:24 GMT
Looks rather similar in concept to Property Partner, except that an ISA is available and they are seeking REIT status. Clicking through appears to show that they have 2 flats to invest in so far. Not really. On Property Partner you are investing in shares in an SPV for an individual property, for bricklane you are investing in shares in a property portfolio. You cant invest in the individual properties and have no say over what the company does with those properties unlike PP. Incidently PP is authorised to offer an ISA, they just havent.That's strange. I asked someone at PP last week whether they had any plans to launch an ISA, and they told me at present crowdfunding investments weren't permitted in ISA's, though they could be included in SIPPs ?
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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 Sept 27, 2016 22:39:42 GMT
Not really. On Property Partner you are investing in shares in an SPV for an individual property, for bricklane you are investing in shares in a property portfolio. You cant invest in the individual properties and have no say over what the company does with those properties unlike PP. Incidently PP is authorised to offer an ISA, they just havent.That's strange. I asked someone at PP last week whether they had any plans to launch an ISA, and they told me at present crowdfunding investments weren't permitted in ISA's, though they could be included in SIPPs ? That would make sense. Theyre authorised (parent, PP is trading name) to offer all ISA types, just their products dont qualify. Same is true of Abundance and their debentures which are expecting to be able to be included in a month or so after a consultation. Not sure if PP products will be covered by that consultation which is focused on debt products AFAIUI
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littonowl
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Post by littonowl on Sept 28, 2016 7:21:45 GMT
Thanks again, ilmoro, for the explanation. Would be nice if PP were covered...
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ben
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Post by ben on Dec 18, 2016 12:36:00 GMT
has anyone used these?
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