You can cancel your investment and receive your money back in full up to 14 days after your initial investment.
After this point, you then have the option to sell your shares on the secondary market.
For members who invested before July 2016 - to sell shares that were purchased before this period, you are required to sign a Power of Attorney form so the shares can be transferred to Property Moose Nominee. You can find this form in the Key Documents section or please contact [email protected] for a copy. Once signed, witnessed and returned to Support, we can then opt you in to the nominee structure and you will have full access to the secondary market.
For members who invested after July 2016 - you are automatically opted in to the Property Moose Nominee structure, meaning you can sell your shares at any point. This is possible because Property Moose Nominee holds your shares on trust so the shares can easily be transferred through the crowd. To ensure the Crowd is managed safely and securely, these shares can only be sold or transferred through Property Moose.
To sell your shares, you just need to login to your dashboard, where you will find the option to list your investment for sale. You can sell your share for any price you wish- at a premium or a discount.
There are no guarantees that your shares will be sold on the secondary market. If you are not successful in selling your shares to the crowd, then you will have to wait until the end of the term, and the point the property is sold to realise your initial investment and any capital gains.
There is a 2% administrative fee to the buyer on shares purchased in the secondary market. On shares over £1,000.00, there is also a Stamp Duty Land Tax that will be added on and paid at the point of purchase by the buyer.
Please note that the owner of the share on rent day will be the full beneficiary of the previous month’s rent.