Just began to invest with this Spanish company. The site looks nice, adequate returns. They offer buy to sell (duration of up to 12 months) and buy to let opportunities (duration up to 5 years). Maybe a good way for the Brexiteers around here (sorry could not hold that one back ) to diversify their property exposure to a different region. If we are lucky then someone on this board has a longer experience investing with them.
They offer 1% cashback for investments made via credit card until 19th of August, and 50 Euro signup Bonus until 31st of August (with affiliate link only) if 50 Euro are invested. The 50 Euro bonus has to be invested though and after the investment ended, you are free to withdraw.
As a UK citizen the "sign up " process is a joke ...it insists on a " Fiscal Number " ?? I have uploaded my Passport document etc etc etc and completed all the questions ...result? no joy at all ..HELP
I have invested in 4 properties and have 3 others pending. So far everything works smoothly. Nice to have the option to pay by card without extra charges. I joined in order to diversify from East European platforms but too early to say how good they will be.
I guess the founders are the owners, but I neither have confirmation on that.
I hope they estimated the fees better for the new projects, as for the past ones. I will have my first btl and interest payments this month, this may indicate how precise their yield projections are in reality.
One of my interest bearing projects just paid the first installement. 10% of the interest is commissioned by housers, which is clearly stated.
What interest me most is if the buy to let dividends are as planned, or if there will be some unforeseeable (pm like) deductions or so. I checked some btl's on the secondary markets but couldn't find any info on distributions?
Interesting as well will be to see if the projected values of the buy to sell opps can be achieved on the market or if there will be some higher renovating costs then anticipated. But this remains to be seen in 12 months or so.