As the mood lifts across the nation, Assetz Exchange is also feeling buoyant. February 2021 has been our busiest trading month on the exchange yet as our customer base grows and our existing investors continue to commit funds. As we explain below, we are also confident that this momentum will continue into March.
Our endeavours with the charity United Response have paid off, with the first property getting a good reception on the platform and we are already having discussions with the charity’s senior management about new opportunities. We are continuing to build a strong relationship with another large national charity and are looking forward to bringing news about several projects in the pipeline soon.
We are delighted to have completed on our first property with the charity United Response (UR). The lease has commenced and UR will shortly be moving in two autistic people and their carer. The property is live on the platform with plenty of availability at the launch price, yielding 5.5%. This is a full repair and insurance lease meaning UR are responsible for maintenance and insurance costs. The lease is also indexed annually to consumer price inflation.
We are ready to complete on the property in Bristol that is to be leased to Nacro. The property is fully underwritten but unfortunately the seller is part of a chain in which there is a delay. We have been pressing daily for updates but as of yet have not received anything tangible.
Next on the horizon are 2 more properties for Nacro which we are hoping to complete in March . They are located in Hastings and Egham respectively.
Following the well received launch of our new website we are pleased to announce that we have hired Kate Kelliher as our head of Marketing and Public Relations. Kate brings a wealth of experience from both the agency and client side and we are looking forward to her helping us increase our profile and grow the investor base.
Kate can be contacted on firstname.lastname@example.org
This month we have
- Released recent trading histories for all properties
- Resolved issues with releasing new properties on the new site
- Allowing custom document names on property detail pages
- Added the lease end date to property detail pages
- Adding names and user id’s to tax statements
- Various bug fixes
Read our latest blogs
Please keep up to date with our latest blog posts. ‘What is supported accommodation’ and ‘Diversifying your portfolio with property’
In order to ensure that all of our clients are treated equally we have elected to treat money received in respect of “non-P2P Agreements” as Client Money under FCA rules, segregated from Assetz Exchange’s funds. This change will take place on 1st April 2021. “Non-P2P Agreements” are, effectively, contracts where the lender is not an individual, such as a personal service company, and the investment amount is in excess of £25,000.
For clients registered as individuals or where the investment amount is less than £25,000, nothing will change and you will continue to receive Client Money protection in the usual manner.
Updates on existing properties
Please refer to the individual updates which are posted on the Investment details pages.
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