In short, very safe! Before the completion of an investment, the money you transfer will be held in a client trust account. This is completely separate to our own bank account and managed by Mango Pay.
Before we list a property, after our own extensive due diligence, we instruct independent RICS surveyors to complete a market valuation report and, if this confirms the property is worth the same or more than we are paying, we will list the property.
When the property becomes fully funded, your money will be transferred to our solicitor’s client account and this money will only be used to fund the purchase of the property and any renovation or other costs specified in the original investment offer.