In order to invest on our platform, you can choose to complete a short questionnaire (whereby you will be classified as a “restricted investor”), or you may choose to self certify as a “high net worth” or a “sophisticated investor”. This shows us that you have the judgement and understanding to appreciate the risks involved in investing on our platform.
All customers must be classified as either a high net worth, sophisticated or restricted investor and, until you have done so, nothing on our website is intended as an offer capable of acceptance by you or us.
Classification occurs when you attempt to make your first investment with us.
High Net Worth
Certified high net worth investors qualify as such because at least one of the following applies to them.
(a) Has, throughout the financial year immediately preceding the date of classification, an annual income to the value of £100,000 or more;
(b) Held, throughout the financial year immediately preceding the date of classification, net assets to the value of £250,000 or more. Net assets for these purposes do not include:
- The property which is their primary residence or any money raised through a loan secured on that property;
- Any rights of theirs under a qualifying contract of insurance; or
- Any benefits (in the form of pensions or otherwise) which are payable on the termination of their service or on their death or retirement and to which they are (or their dependants are), or may be, entitled.
The investor accepts that the investments to which any promotions will relate may expose them to a significant risk of losing all of the money or other property invested. They must be aware that it is open to them to seek advice from an authorised person who specialises in advising on non-mainstream pooled investments.
By self-certifying as a sophisticated investor the investor must understand that this means:
(i) They can receive promotional communications made by a person who is authorised by the Financial Conduct Authority which relate to investment activity in non-mainstream pooled investments;
(ii) the investments to which the promotions will relate may expose them to a significant risk of losing all of the property invested.
An investor is a self-certified sophisticated investor because at least one of the following applies:
(a) They are a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date of classification;
(b) They have made more than one investment in an unlisted company in the two years prior to the date of classification;
(c) They are working, or have worked in the two years prior to the date of classification, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises; and
(d) They are currently, or have been in the two years prior to the date of classification, a director of a company with an annual turnover of at least £1 million.
The investor accepts that the investments to which the promotions will relate may expose them to a significant risk of losing all of the money or other property invested. They must be aware that it is open to them to seek advice from someone who specialises in advising on non-mainstream pooled investments.
Restricted investors are those investors which do not classify as high net worth or sophisticated, but can proceed to invest on our platform by successfully completing a short questionnaire which shows to us that they have understand our product and the associated risks of investing with Property Partner.
What if my circumstances have changed?
All our investors are promoted to re-classify on an annual basis. This prompt occurs when an investor next logs in following their reclassification anniversary.
If your circumstances have changed since you last classified you can contact email@example.com to request a reset.