We have a 0.5% Annual Fee (You may see this called the ‘SPV charge’) - this is an annual fee covers the ongoing admin costs of keeping UOWN awesome, property valuations and other exciting jobs like filing annual tax returns.
The fee is calculated by taking 0.5% of the value of the property. For example, the fee for a property which is valued at £180,000 is £900. This fee is deducted from the gross rent and is split proportionately amongst all the investors in a property. For example, if you had a £1000 (0.53%) of shares in the example property your share of the Annual Fee would be 0.53% of £900 = £4.76.