Assetz to launch new property crowdfunding platform
Wythenshawe-based peer-to-peer lender Assetz Group is to launch a new property crowdfunding platform, Assetz Exchange, in the fourth quarter of 2018.
Part of the Assetz group of businesses, which includes Assetz Capital, it will allow users to invest in a range of properties, from student accommodation, privately-rented houses and apartments, to affordable housing.
It will enable investors to choose to invest in properties to be rented out – at market rent or affordably – or in properties to be built and sold on, according to market demand.
An aftermarket will provide an optional exit if there is demand.
Investments can be made privately or through an Isa, with all properties being fully managed.
Stuart Law, founder of the Assetz group of companies, said Assetz Exchange will address a number of issues with the housing market.
“We’ll direct investors’ capital to projects and investments that bring new housing on to the market for rent or for sale, as appropriate to local market conditions and demand,” he said.
“We will also act as the gateway for existing tenanted, landlord-held housing to be acquired, improved, rented and released for sale to homeowners over time, again as appropriate to local market conditions.”
He added: “Investors can choose to invest in a housing development to be held for the long term, or they could carry out shorter-term investments by delivering new housing into the market by building housing schemes for rent or onward sale to homebuyers.
“They will also be able to choose to not only fund normal market price properties, but also properties with affordable rents and affordable sale prices.
“We’re making entrepreneurial philanthropy accessible to everyone, but still aiming to deliver a healthy income for that activity, so that everyone benefits.”
He said: “Combined, these two businesses provide a model to get housebuilding moving faster in the UK – while also delivering for our investors.
“We are creating a financial hub to help provide more solutions to help solve the housing crisis here in the UK.”