CrowdProperty launches auto-invest product
PROPERTY peer-to-peer lender CrowdProperty has launched its first auto-invest product, promising to make lending easier and faster for its investors.
Crowdproperty AutoInvest allows customers to spread their money across a diversified portfolio of British property loans, with every loan secured by a first legal charge. The minimum investment is £500, and the account targets annual returns of up to eight per cent.
New accounts can be set up within minutes, while existing customers can simply turn on the ‘auto-invest’ option in their account settings. Once activated, automated investments are made on behalf of the investor, using the site’s own algorithm.
Read more: CrowdProperty hits three milestones
CrowdProperty’s chief executive Mike Bristow said that the new account was launched in response to investor demand, as the platform scales up its lending volumes.
“The CrowdProperty AutoInvest product launch comes just days after moving through the big landmarks of funding the development of 500 Great British homes, worth over £80m having lent over £30m,” said Mike Bristow, chief executive of CrowdProperty.
“At CrowdProperty, we strive to provide our lenders with an exceptional investing experience. We’ve listened and responded to feedback from our lenders across many elements of our proposition, and we’re proud to present our new AutoInvest tool to cater for those looking for an easy way to invest in all of our rigorously assessed, first-charge secured projects.”
CrowdProperty AutoInvest can be held within the platform’s IFISA wrapper, and the investments can also be made within the CrowdProperty Pension Account.
Read more: CrowdProperty trials bid limits to balance loan demand
