There has been a significant amount focus on Stamp Duty Land Tax (SDLT) changes in the UK, particularly on additional properties outside of the main residence (e.g. buy-to-let). This has become incredibly important for investors, who in some cases have seen eye-watering increases of over 114%. An article in last weekend’s Telegraph has explored 8 ways that property investors can minimise this expense.
The appeal of the Homegrown model, as well as crowdfunding was featured in this piece: New website Homegrown (homegrown.co.uk) offers a different model, allowing investors with as little as £500 to buy into new developments. When the properties are sold, they benefit from the capital uplift.
“Joint ventures between equity investors and developers have historically been reserved for institutional and professional investors, but crowdfunding means that everyday investors can buy into these projects too,” says Homegrown’s chief executive, Anthony Rushworth. “It’s also a way to provide equity finance for smaller developers to build more homes.”
We both welcome and appreciate the widespread recognition that our platform is getting from both the Financial and Property Investment communities, as well as the mainstream media. We take this as positive affirmation of our model and look to grow our offering in line with this expanding demand.
Homegrown is the first crowdfunding platform specialised in property development. If you would like to find out more about investing in property development, please do get in touch: info@homegrown.co.uk
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