Choosing the Right UK Property Crowdfunding Platform
UK property crowdfunding is an excellent form of investment. Whilst, as with any investment, capital is at risk, the potential gains from UK property investment have long seen positive outcomes for investors. If you are considering property crowdfunding or secured peer to peer lending as a possible investment option, then there are a few things to check out before you pick the platform to invest with.
Here are our top 5 questions to ask yourself before you choose your UK Property Crowdfunding Platform:
1. Who Are They?
Firstly, find out as much as you can about the people behind the platform. Are they experienced and successful investors themselves? Do they have a proven track record with long term investment portfolios of their own?
2. SPV Relations
Check to make sure that the SPV you’ll be investing with is associated with the platform itself. This is likely to mean that that the platform takes responsibility for the investments, and for delivering your returns. Without this relationship,it could be argued that there is a greater risk to your capital, as a one-off property investor raising money through a platform will have less to lose if he defaults on paying investors.
3. Track Record
Check the track record of the platform itself. A well-established platform that’s been operating for over a year should have some good success stories and investor testimonials. Can the platform show a history of successful investments? Do they have a good track record when it comes to paying out dividends on time? If there’s no accomplishments to be found, you should think about why that is!
4. Customer Service
Customer service is another big factor to take in mind before deciding to invest with a platform. You would definitely prefer to work with a company who looks after you throughout your investment with them. So, before anything, it’s a good idea to give them a call and have a chat. How easy are they to contact, and how helpful and informative are they on the phone? If they seem like pushy salespeople, or don’t meet your standards in general, then you probably won’t trust them with your money.
Find out from other investors how well they deal with any complaints that come through. You could also ask them this yourself during your phone call to them.
UK Property Crowdfunding with The House Crowd
Here at The House Crowd, we are proud of the way we help investors of all types to get into UK property investment. We are, of course, fully regulated by the FCA, and tick all the boxes for the above. You can check out our property investments or find out more by registering, just by clicking the buttons below. Alternatively, give us a call or chat to our real human advisor right here on the website (you’ll find him in the bottom right hand corner of your screen on the homepage). Happy investing!