Uown

Ah yes, it is its £20 for every £100 you invest. 

Going to PM you just not about the offer. 

And the chilli plant referral scheme is over. We sent out 500 chillies and had to call it quits as it was turning into a business in itself.  

uown I like cats/money/chili! I would drop £1000 for the extra £200.
What happens to my income should property be unoccupied or bad person leaves the beans+cheese toaster on and burns the property down?

Hi Ding, thanks for your question. In answer to the first part of the question, if the property is vacant there would be no income paid, however all properties on the platform are tenanted now and for the 2017/2018 academic year. We are also paying out rent to all current investors in the properties at the moment, also it helps that for these particular properties we have an established relationship with a sunday times award winning letting/management agent in Leeds . The second part of that question, we have three different approaches that help with regards to property maintenance, firstly insurance, secondly maintenance allowance deducted from the rent, thirdly tenant deposits. These measures will protect the investors.
We hope that helps. 



Hi Kaya, thanks for your questions.

We have been quite extensive with the costing so we shouldn't really have any surprises coming up. Furthermore, we don't think it's conducive to good investor relations to try and sell to them by over promising on returns, so we are conservative in our approach.

We have taken a view to keep personal profiles away from the front face of the company, not because we are international super villains or anything like that, but because when we initially started out on this journey we wanted it to be about UOWN ann not really about us, but if you did want to find out a bit more information, here you go from oxford university www.sbs.ox.ac.uk/programmes/degrees/oxford-ba-economics-and-management/news/meet-millennials-making-property-investment-affordable-younger-generations and from the yorkshire post www.yorkshirepost.co.uk/lifestyle/homes-gardens/the-parklane-properties-dynasty-has-spawned-another-bricks-and-mortar-venture-1-8500573

We think that a 6% return from rent is attractive too, I think its one of the highest in the property crowdfunding market, with respect to it being a way to go to it being funded we agree but like I mentioned to Ding, we are already paying out rent to users. We pay out rent on the 5th of every month, so it was in fact yesterday. 

The company that owns the properties and UOWN have a deep relationship they are The parklane group, you can find out a little more about them here www.parklaneproperties.com , be mindful that the website is student facing. 

We hope that you might find out some more information in our newly launched learn centre (https://www.uown.co/learn), where we have created a suite of content to add that depth that people want. 

Best,

On the website 'The benefits of UOWN' page...

1) At 10% + VAT we have the lowest management fee of all platforms. This is a very important thing to consider as rental income payments are usually a significant amount and affect your rental yields significantly.

Seems like a typo to me. Should be 'management fees'?

2) We charge a 2% upfront fee of monies invested. This is joint lowest with 2 other platforms

Not correct as PM do not charge an upfront % of monies invested, only on the secondary market.

Edit) Steerpike 'five year term'   Can't find any reference to term anywhere. Where is that?

Ah, that may be just the return calculator showing the 5 year term.

Not sure if there is a predefined term at all so probably exit is reliant on the introduction of the SM.

Hi Guys,

Just to bring a bit of clarity to the SM, we have an SM that will become available as soon as the properties are funded. There is no fixed five year term at all, 5 years is just used for the calculator.


The extra shares are allocated within 24 hours of making the investment. We have already allocated just over £5000 in free shares in the last day. 

PM do charge higher fees than us, substantially higher in fact, you can take a look here propertymoose.co.uk/how-it-works , where they won't be charging their fees is on the loan investments, but on equity deals they are charging A LOT more.