On Property Partner you have a choice between New Listing and Resale investment opportunities.
New Listing opportunities
New listing opportunities are properties which we are looking to acquire in the near future, with exchange of contracts expected in the coming weeks. The funds to purchase these properties are live funded on our platform within a specified time period.
When you commit funds to a new listing, your Property Partner account balance will decrease but no money will actually leave the client money account until the live funding target is reached.
In the unlikely event that a new listing does not reach its funding target within the specified time, or the purchase falls through for some reason (e.g. the vendor withdraws it from the market or the property does not meet our stringent due diligence criteria), all committed funds will be returned to the respective customers’ accounts. This applies to 100% of committed funds – Property Partner will obviously not charge or receive any fees and any costs that have been incurred (for example, surveyors and solicitors) will be borne solely by Property Partner.
Resale opportunities appear on the platform when another Property Partner investor chooses to sell their investment.
The selling investor can choose the price in which they offer their shares for sale, but we will provide information to help both potential buyers and sellers to perform diligence, and determine whether they wish to buy or sell at a given price.
In addition, RICS accredited surveyors carry out revaluations of all our properties on an annual basis. A comprehensive Chartered Surveyor’s physical inspection and valuation is completed every five years in connection with the 5 year exit mechanic.
However, ultimately it is your decision what price to buy or sell at. Our estimated valuations do not constitute, and should not be considered, investment advice.