Why put your money in the bank when you can get better returns online?
Crowdfunding becomes the latest way to invest in the UK property market
November 19, 2019
Investors faq
November 22, 2019With interest rates currently at record lows, it can be frustrating for people keen to make their savings grow.
Although currently one of the safest tax-free options available to ordinary consumers, it can be rather disheartening when you are only offered returns of between 0.5 and 2% per year.
Not everyone feels confident about investing in ordinary stocks and shares. Not only does require a certain degree of market awareness and technical expertise, but it is also often fairly risky. In the current climate of economic volatility and political uncertainty, the prospect of gambling with your hard-earned cash is not something many people care to entertain.
What’s more, the rising cost of living means that many people simply do not have large sums of cash usually required to speculate.
Why put your money in the bank when you can get better returns online?
Property in the UK has always been considered a fairly safe and reliable way to invest your money. However, due to recent UK regulation changes, it has now become less tax-efficient and more administratively onerous to become a buy-to-let landlord than it used to be.
But what if there was a way to grow your money in a similar way to investing in stocks and shares, but with less risk involved and higher returns of than that offered by most banks on savings accounts?
Enter property portal, Crowdfunding Place. Created by Manchester businessman, Paul Lajszczak, it is designed to enable ordinary people to buy shares online in a number of UK buy-to-let properties in a safe, low-risk manner and with a minimum investment of just £500.
Unlike the low-interest rates offered by most banks (usually between 0.5 and 3%), investors can expect gross returns of around 6%. What’s more, investors don’t have to get involved in the day-to-day management of the properties, which are all managed by rental agents.
In addition, investors stand to profit from any gains made when the property is sold, provided of course, it has appreciated since it was purchased. And the best part about it is that the website is FCA-regulated and will soon be able to accept cryptocurrency.
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.
