You’re a specialist in helping people buy property, but do you make time for your own investments.
Selecting, saving for and managing a buy to let invest is a big project. Many business owners leave money in current accounts, or low interest savings accounts.
PIN founder Simon Zutshi is offering a tax efficient high return option. CrowdProperty.
On 23rd February 2018, CrowdProperty is set to launch its Innovative Finance ISA (IFISA). Existing lenders will be able to take advantage of this year’s ISA allowance of up to £20k and transfer existing ISA funds into the CrowdProperty ISA.
CrowdProperty offers their lenders first charge security (just like the security and rights a mortgage company holds) on all loans to professional property businesses and an 8% interest rate (which will be tax free under the IFISA wrapper). CrowdProperty has a 100% payback record and is fully authorised and regulated by the FCA.
Quote from Simon Zutshi, Founder and CEO of CrowdProperty:
“We offer carefully curated, secured lending opportunities to our retail lender-base and we are very excited to be able to offer our lenders the opportunity to earn more on their money through an ISA tax wrapper. This makes our offer even better, especially when our 100% payback record and our insistence on 1st charge security is considered.”
Founded in 2013, CrowdProperty have been responsible for over £12m of development project finance loans between private individuals and UK professional property businesses with a database of over 6,000 registered users. CrowdProperty has unique proprietary access to the largest property network in the UK, the Property Investors Network (pin) which provides competitive advantage in terms of high quality deal origination and has enabled the proof of the business with limited marketing investment to date. CrowdProperty is now funding at speed – the latest project funding £250,000 in 15 minutes.