Propio Properties has launched a new online property investment platform that it hopes will appeal to buy-to-let investors looking for a diversified investment portfolio.
According to the London-based property firm, the new investment platform, which provides would-be investors with a range of debt and equity opportunities, offers returns of up to 20%.
Parul Scampion, co-founder at Propio, commented: “With the bombshell of tax hikes buy-to-let investors now face, we’re hoping to offer far better returns with a greater level of transparency on the fees charged.
“We are also planning on launching an ISA product in the autumn which makes it even more tax efficient as there would be no tax to pay whatsoever on any returns. Best of all the earnings can be recycled and reinvested.”
Users log into the platform and allocate money either to specific projects or to a selection of pooled bonds which invest in multiple opportunities.
The website includes in-depth information about the opportunities, complete with independent valuation information and an explanation of the project’s timeline.
Investors get their cash back when loans are repaid, or developments are sold, with the duration depending on the type of project and on whether investors have taken a debt or equity stake.
“Our fintech platform opens up exciting new avenues of funding for developers keen to share equity with others or whose schemes may not be big enough to excite the major banks who have been told to reign in lending,” said Scampion.