At UOWN you can exit your investment by listing
your shares for sale to other users on the resale market. For each property we
will open the resale market once all the funds have been raised, contracts have
been exchanged, and the property has been revalued. We will aim to make a
property available for resale as soon as possible after funding is complete.
All investors will be informed via email when the resale market for a property
is launched and they will be informed of the latest share price.
You can view your portfolio in the ‘My
Account’ section and any properties available for resale will have a resale
banner and a ‘List shares for sale’ button (as shown above). You will then be directed to the
Sell Shares page (as shown below) where you can see the number of shares currently available on
resale, the current share price, the potential proceeds of your sale, and the
expected total return from your shares from rent as well as capital
appreciation or depreciation. Once you list your shares they will be shown to
users on the properties page and as soon as they are sold your UOWN account
will be credited with the sales proceeds.
7 Key Points about the resale market
You will not be charged any fees to sell your shares. The buyer of the shares will be charged the normal 2% plus a 0.5% stamp duty charge.
Shares are sold at the current share price valuation and are sold on a first come first served basis.
The share prices are listed to 4 decimal places (a hundredth of a penny), but when you sell your shares we will round the transaction to the nearest penny.
The share price will be updated once a quarter based on an independent surveyor’s report. For more information on how this is calculated please see our article about share valuations.
To make things clear and transparent UOWN starts all share prices at £1.00, and this makes it really easy to track how the price changes after a property is listed on the platform.
You will continue to earn rent on your shares until they have been bought by another user. Your last rent payment will account for rental earnings up to the point of sale, so you will not miss out if your shares are sold halfway through a month.
Your shares may be sold all at once, or in several small chunks. We aim to sell your shares within three weeks, but there is no guaranteed timescale - you will have to wait until there is a buyer for your shares, and be aware of the possibility that no buyer may be found for your shares.
UOWN is an appointed representative of Share In Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN 603332). U OWN Exchange Ltd, 25-27 Otley Road, Leeds, LS6 3AA
As with all investments, house prices can fall as well as rise and you may not get back all of the money you invest. Any shares purchased can only be sold on the UOWN platform so you will have to wait until there is a buyer for your shares.Rates of return quoted on our website are estimates only and are not guaranteed. Investments are not protected under the Financial Services Compensation Scheme.