Wednesday, July 24, 2024

Brickowner raises minimal funding to £2.5k


Brickowner is elevating its minimal funding threshold from £1,000 to £2,500 to tie in with the upcoming launch of its actual property funding belief (REIT).

The property funding platform stated that the REIT can have a minimal funding of £2,500, so “it is sensible to alter the minimal on the identical time for all our different new investments.”

Brickowner’s new REIT, which can listing on The Worldwide Inventory Trade (TISE), which will likely be ISA and self-invested private pension (SIPP) eligible as soon as it completes the itemizing course of.

The agency stated that the brand new REIT will add additional diversification to its providing, and traders will purchase and promote their shares within the Brickowner REIT by means of the brickowner.com web site.

“Moreover, after we take a look at the quantities invested by current traders, a big portion of our traders already make investments over £2,500,” the agency added in an e-mail to traders. “We’re assured that this transformation continues to fulfill our mission of creating professional-grade investments accessible to appropriate retail traders.”

Learn extra: Property lending safer than fairness investing, says 4th Means

The agency highlighted that this transformation is not going to have an effect on any investments which have already been made, which can be for an quantity decrease than £2,500.

Nevertheless, if somebody has £1,000 invested and needs to extend their invested quantity, they might want to enhance their funding by a minimum of one other £1,500.

Brickowner final elevated its minimal funding in March final yr, from £500 to £1,000, which it attributed to “modifications to the regulatory surroundings”. Tighter rules have elevated the price of onboarding new traders, main quite a lot of platforms to observe go well with.



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