Crowdfunding becomes the latest way to invest in the UK property market
Why put your money in the bank when you can get better returns online?
November 21, 2019In recent years, the UK buy-to-let market has become an increasingly unattractive prospect for many investors.
New regulations, changes to the tax system and economic uncertainty have made it both bureaucratic and cumbersome to get involved in.
However, with many people currently unable to afford to buy their own home, the rental market remains buoyant. On top of that, many people are looking for a way to generate better returns on their savings than the low-interest rates offered by the banks, so that they can afford a deposit on their first property.
One man thinks that he has found a solution to both problems: crowdfunding. Manchester businessman, Paul Lajszczak, has created a property portal, Crowdfunding Place, which allows ordinary people to invest in the UK property market online without all the hassle and paperwork that comes with being a buy-to-let landlord.
Crowdfunding becomes the latest way to invest in the UK property market
With a minimum investment of just £500, people can create an account and then choose from a portfolio of agent-managed UK buy-to-let properties online to invest in and then is back and watch their money grow! And the best part about it is that the website is FCA-regulated and will soon be able to accept cryptocurrency.
In a nutshell, this is how it works:
- register with Crowdfunding Place
- add funds to your secure on-line wallet
- pick a property or portfolio you want to invest in
- enjoy your share of the rental income
Further down the line, if the property is sold, you stand to benefit from a share in the profits (provided the property has increased in value) without having to pay capital gains tax or stamp duty.
All you need is to be 18 years or older, have access to the web, a minimum of £500 to invest, and proof of ID and a registered UK address.
If you are looking for a modern, uncomplicated, safe and hassle-free way to make your money grow, then Crowdfunding Place might be the investment solution you’ve been waiting for.
