Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS). Read our full Risk Warning.

Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).

Read our full Risk Warning

Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).

Rosalind Street, Ashington, Northumberland

50 Rosalind Street, Ashington

of £30k
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Summary:  A dated 3 bed terraced house (via auction) in need of refurbishment purchased for £39,999. The loan is for 75% of the purchase price. There are no structural works, development or planning issues. It is a standard refurbishment and modernisation.

Investment Type:  Loan (IF-ISA applicable)

Raise Amount: £25,000 (min) to £30,000 (max)

Interest payment: 0.5% per month.

Interest payment terms:   Paid monthly in arrears for the calendar month on the 10th day of the following month

Projected loan start date
: 12th November 2017

Loan term:
For up to 15 months
Repayable on refinance but subject to a minimum of 12 months interest payments even if paid back early

Minimum Investment: 

First charge over the property will be taken on behalf of the lenders

Interest Apportionment:
 Where funds are received from the 1st to the 15th of the month, pro-rata payment 10 days after month end. Where funds are received from the 16th to month end, the pro-rata amount is added to the following month’s payment.

 As the project progresses there may be another raise on this deal to fund some of the refurbishment works. If this occurs a second charge will be offered that will sit behind the first charge offered here.


This is an opportunity to invest in a refurbishment project in Northumberland.  The developer has purchased a large 3 bedroom, mid terraced house of standard construction in an area of good rental demand by LHA tenants. It is cosmetically dated but otherwise structurally sound.

Due to the purchase price & condition it is currently unmortgagable, which is why the developer has turned to Peer to Peer Lending.  The funds will be used for the (partial) acquisition cost of this property. The plan is to add value through a full refurbishment and modernisation before tenanting and refinancing it for a long term hold. 

There is no structural work, alterations or additions, permitted development or planning gains related to this project. This is a standard refurbishment project and is typical of the types of projects managed by this developer previously.  


A first charge be registered against the property on behalf of the investors as security for the loan provided.  This charge will allow lenders to seek recourse from other company assets should the securitised property prove to be insufficient to repay the debt in full. 



I am a South African qualified chartered accountant having done my training with a large mid-tier firm.

As a student I did my thesis on pensions and their performance and concluded that one could not rely on a pension.   Whilst studying, 
I ran a short term bridging finance company that used residential property as security for the loans advanced. The profits from this were invested in property – and the equity from the growth in the property was later used to grow the business. I ran this for approximately 10 years before coming to the UK in late 2006.

I undertook various property training courses, was a regular at many networking meetings and started to amass a small personal library of investment property books.  Ambitious for success I ended up selecting a strategy that was not right for me given my circumstances – although would only realise this years later. When I first arrived in the UK I worked in the real estate and construction division of one of the Big 4 audit and accounting firms in London for 18 months before leaving to invest in professional HMO’s in Reading. Having done the fundamentals well, the rooms were always full and the rents always received. However, the crash of 2008 affected the business model significantly.  

As a result of the credit crunch, the business stalled and the next few years were spent repaying overdrafts and credit cards from the surplus cash flow. I also returned to work as an accountant for a commercial property firm looking after the client accounts of our UK management operations.  This experience taught me a significant amount about personal finances and risk mitigation.  

In 2011 I undertook some additional formal and informal property training with a view to learning how the successful investors had built their wealth and portfolio. In most cases, a significant portion of their success was as a result of first building up a large base of buy to let’s and developing the various skill sets and systems around this.  Accordingly, I set out to replicate this which is what I have been doing for the last few years.

50 Rosalind Street, Ashington