A new property crowdfunding platform is preparing for launch, having been awarded full authorisation from the Financial Conduct Authority (FCA), the industry’s governing body.
Propnology aims to change the future of property investment by removing the barriers to entry, traditionally associated with buy-to-let, while simultaneously using technology to deliver an innovative, fully automated, online experience.
Owen Angel, Co-Founder, said, “after a 9-month application process with the FCA, we are excited to be one of the first property crowdfunding platforms in the UK to be granted full authorisation.
We believe this will give our investors an increased level of confidence in this emerging sector.”
Propnology has taken a different approach to its competitors, choosing to steer away from self-sourcing or renovating properties within limited geographical areas, by building a network of professional partnerships to introduce attractive property investment opportunities to the platform.
Paul Lamm, Co-Founder stated, “Propnology have established strategic partnerships with key players who understand their local market and the value that crowdfunding brings.
“Our strong relationships with developers, estate agents, sourcing and investment companies provide unique access to opportunities that would otherwise be inaccessible.
“Our partner network is being continually developed to ensure we offer a geographically diverse choice of investments, across different property
classes, to meet the individual investment objectives of our investors.”
Every Propnology investment undergoes a thorough and systematic due diligence process, by an experienced team of property professionals, prior to being listed.
Investors can then view detailed property information, financials, photos and documents, within the platform, to enable them to make an informed investment decision.
Depending on the specific nature of each opportunity, properties are retained for an investment period of between 3 and 10 years.
To ensure the opportunity provides genuine value to the investor and achieves the right balance between capital growth and income, Propnology aims to target property at below market value and with a strong yield potential.
Investors can choose the amount they wish to invest, with minimum investment thresholds from as little as £500.
Once the property is generating rental income, they will receive 100% of the net income while profits will be distributed, in the form of a dividend, on a quarterly basis.
Propnology’s fees are applied in two ways; a one-off funding fee of 5% on the purchase of the investment and a deferred administration fee – equivalent to 10% of the net profit generated upon disposal – in lieu of monthly or annual administration charges.
This ensures that a strong yield is maintained and the level of dividend income, paid to investors, is maximised throughout the investment term.
Participating investors are also provided with access to a personalised investor dashboard where they can access real-time information relating to all their Propnology investments.
The dashboard enables investors to access up-to-date information on their investments including rental statements, expenditure invoices, market valuations, dividend vouchers, annual accounts and reports.
Investors may now view the site and register ahead of the platforms official launch on October 19th.
For more information visit Propnology here: www.propnology.co.uk
