Own a house with Interest-free mortgage and get interest-free returns on investment
How is it different to Al Ryan bank
Al Ryan bank don’t share profit and loss, they only interested in their capital repayment and profit, due to their bench marking borrower usual pay more than market rent
Can investor withdraw their money
Yes, investor can offload their share of the fund, they can sale their share on this platform
What if buyer couldn’t keep re payment
House will be repossessed and if no other takers available, it will be off loaded in the open market, profit and loss will be split between investors and buyers proportionally
Is it open for whole UK
For few years, our focus is on South East only
Is their any restriction on buyer or investors
Buyer has to qualify through usual credit check and affordability test, investment is open for EU residents only
Special purpose vehicle
It is not possible for more than four people to be listed on a UK land registry deed, as such each property in this fund will be owned by a special purpose vehicle (“SPV”), which will be UK Limited Company, that you can then in turn buy shares in. There is a different SPV for each and every property; therefore you will always know that you are investing in a specific property chosen by you.
What if this fund dissolve
Each property investment will be separately ring-fenced from the assets and liabilities of, as well as any other property investments on the platform.
If this fund fall into financial distress an alternative manager could be appointed to continue management of the assets in accordance with the terms of investment.
Any funds held in your account not invested in property will held in a client monies bank account in accordance with FCA rules. Separate bank account that is ring-fenced from the monies of this fund and will be returned to investors in the event of fund falling into financial distress