Capital means the money that you invest into UOWN. So capital appreciation refers to the increase in the value of your shares and this is one of the two main ways you can make money using UOWN. The other is the rental money which is paid every month. Your shares might also fall in value – this is called capital depreciation.
A chartered surveyor is someone whose job is to value properties. The Chartered part of their title means that they have passed professional exams, so they should hopefully know what they are doing.
This is the rate of tax that companies must pay on their profits and for tax year 2017-18 the rate is 19%.. Each property on the UOWN platform is owned by a company and they all have to pay Corporation Tax on profits.
Crowdfunding is all about lots of us coming together to do things that we would not be able to accomplish on our own. At UOWN this means opening up the world of property investment. Our minimum investment is only £20, so no need to be a fat cat to get involved.
Dividends are the profits that a company pays out to investors. At UOWN each property is owned by a different company and the profit is the rent collected minus any costs. This profit is paid out to the UOWNers as dividends.
Equity refers to the share each person has in a company or property. If someone owns £20,000 of a £100,000 house you could say that he has 20% of the equity.
On our platform, exit means to leave the investment, usually this will require you selling your shares to another UOWNer. Not to be confused with a door.
This is when we initially sell shares to UOWNers when a property is first put up on the platform
This is not something disgusting, instead it is a term used to describe the value that a property would fetch if it were sold now on the open market
We don’t know why they put gross before rent, but they do. It means rent before all costs are taken off.
House in Multiple Occupation, a house with more than two people living together who aren’t family members.
A term that the FCA uses to categorize someone. It is generally someone who earns more than £100,000 a year or have net assets worth more than £250,000.
Know your client. This is where we get to know you a little better so that we can verify your identity and this helps us protect the platform from money-laundering or against people trying to commit fraud.
Every now and then the properties might need a new lick of paint, a new sofa, or a bit of landscaping. To cover these costs we take 5% from the gross rent every month as a maintenance allowance. This pot of money is then used to pay for the ongoing maintenance of the property. This is over and above the comprehensive insurance we take out on every single property.
These are the guys and girls that handle a lot the day to day running of the property, they will be the ones who find tenants, collect rent, organise inventories and importantly take those 2am phone calls if there is anything going wrong in the property.
This is the amount of rent after all costs.
The Net Yield explains how much money a property earns compared to the value of the property. The fact that it is a net figure means that it already accounts for all of the costs, like the maintenance allowance or the UOWN annual fee. The figure is really useful because it shows how much money you will earn per £100 invested. For example, if you invest £100 and the property has a 6.1 Net Yield you will earn £6.10 per year.
A group of properties that you own.
When we first put a property on the platform there may be some repairs and or construction work that needs doing to bring the property up to scratch and make it easy to be rented out.
Our site operates a marketplace for you to sell your shares to other prospective UOWNers. This is good because it means that when you want to cash out, you can, easily.
An SPV or a special purpose vehicle is quite aptly named. It is part of the legal infrastructure that allows people to own shares in property.