{"id":5996,"date":"2018-02-20T19:04:45","date_gmt":"2018-02-20T19:04:45","guid":{"rendered":"https:\/\/blog.propertypartner.co\/?p=5996"},"modified":"2020-10-12T14:13:02","modified_gmt":"2020-10-12T13:13:02","slug":"product-update-resale-market-upgraded","status":"publish","type":"post","link":"https:\/\/www.londonhouseexchange.com\/blog\/product-update-resale-market-upgraded\/","title":{"rendered":"Product Update: Resale Market upgraded"},"content":{"rendered":"<p>Property Partner now has a fully regulated secondary market under new MiFID II rules.<\/p>\n<p>On 3 January 2018 new European legislation MiFID II required investment firms operating the buying and selling of financial instruments to reach more stringent levels of compliance.<\/p>\n<p>To ensure our marketplace, the Resale Market, continued to operate under this new legislation we proactively undertook a significant upgrade to our marketplace to that of a multilateral trading facility (MTF). Our MTF was successfully signed off by the FCA in December 2017, and we believe we\u2019re one of very few fintech platforms with a secondary market to achieve this upgrade. We\u2019re also on track to ensure our business is GDPR compliant (consumer data regulation) ahead of the May 2018 deadline.<\/p>\n<p>Whilst we believe investing in property should be viewed as a long-term investment decision, our platform exists to be better than the traditional direct investment opportunities. A major part of that is the liquidity we can offer versus selling a property on the open market.<\/p>\n<p><strong>To date, our Resale Market has returned nearly \u00a320m to investors<br \/>\n<\/strong><\/p>\n<table style=\"table-layout: fixed; width:100%; text-align:center; background-color: #FFFFFF; font-size: 30px\">\n<tbody>\n<tr style=\"text-align:center; color: #3498DB; border: 1px solid #FFFFFF; font-weight: 700\" class=\"flex-container\">\n<td style=\"text-align:center; padding: 20px 0px 0px\" class=\"flex-item-1\">\u00a319.8M<\/td>\n<td style=\"text-align:center; padding: 20px 0px 0px\" class=\"flex-item-1\">\u00a34.8M<\/td>\n<td style=\"text-align:center; padding: 20px 0px 0px\" class=\"flex-item-1\">32%<\/td>\n<\/tr>\n<tr style=\"text-align:center; color: #3498DB; border: 1px solid #FFFFFF; font-size: 21px\" class=\"flex-container\">\n<td style=\"text-align:center; padding: 5px 0px 5px; line-height: 0.85\" class=\"flex-item-4\">Capital returned to investors<span style=\"font-size: 10px\" class=\"footnote\"> 1<\/span><\/td>\n<td style=\"text-align:center; padding: 5px 0px 5px; line-height: 0.85\" class=\"flex-item-4\">Matched by bids<span style=\"font-size: 10px\" class=\"footnote\"> 2<\/span><\/td>\n<td style=\"text-align:center; padding: 5px 0px 5px; line-height: 0.85\" class=\"flex-item-6\">of portfolio traded on Resale Market<span style=\"font-size: 10px\" class=\"footnote\"> 3<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-style: italic; font-size: 11px\">The figures above are correct up to January 31st, 2018. Past performance is not a reliable indicator of future performance. <\/span><br \/>\n<span style=\"font-style: italic; font-size: 11px\"><br \/>\n1. \u2018Capital returned to investors\u2019 denotes the total value of shares sold on the Resale Market.<br \/>\n2. \u2018Matched by bids\u2019 refers to the total value of shares sold, resulting from bid orders being matched.<br \/>\n3. \u2018Portfolio traded on Resale Market\u2019 is the total value of shares sold on the Resale Market as a percentage of the total value of New Listing investment.<br \/>\n<\/span><\/p>\n<p><strong>How does the Resale market work?<\/strong><br \/>\nInvestors can realise a capital return by selling shares on the Resale Market at any time, by placing an offer to sell at their chosen price or matching an existing bid order. Alternatively, investors can exit at market value five years after a property\u2019s launch on platform. Investors looking to purchase shares on the Resale Market can match a sell offer or place bids at their chosen price. Exit via the Resale Market is subject to price and demand.<\/p>\n<p><strong>Watch a video on how to sell your shares here:<\/strong><\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/7LzE63-MiIo?rel=0\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen=\"\"><\/iframe><\/p>\n<p><strong>If you have any questions, you can speak to a member of the team on +44 (0)20 3696 5600 or email us at <a href=\"mailto:hello@propertypartner.co\">hello@propertypartner.co<\/a><br \/>\n<\/strong><\/p>\n<p>&nbsp;<br \/>\n<!-- Begin MailChimp Signup Form -->\n \t<link href=\"\/\/cdn-images.mailchimp.com\/embedcode\/slim-10_7.css\" rel=\"stylesheet\" type=\"text\/css\">\n<style type=\"text\/css\">\n\t#mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }<br \/>\n\t\/* Add your own MailChimp form style overrides in your site stylesheet or in this style block.<br \/>\n\t   We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. *\/<br \/>\n<\/style>\n<div id=\"mc_embed_signup\">\n<form action=\"https:\/\/propertypartner.us9.list-manage.com\/subscribe\/post?u=bb49cbb22f66a692d5bb9ad74&amp;id=7f3b9b3eb1\" method=\"post\" id=\"mc-embedded-subscribe-form\" name=\"mc-embedded-subscribe-form\" class=\"validate\" target=\"_blank\" novalidate=\"\">\n<div id=\"mc_embed_signup_scroll\">\n\t<label for=\"mce-EMAIL\">Subscribe to our monthly newsletter to access property market updates, Property Partner related news, and to hear about new investment opportunities.<\/label><br \/>\n<input type=\"email\" value=\"\" name=\"EMAIL\" class=\"email\" id=\"mce-EMAIL\" placeholder=\"email address\" required=\"\"><br \/>\n<!-- real people should not fill this in and expect good things - do not remove this or risk form bot signups--><\/p>\n<div style=\"position: absolute; left: -5000px;\" aria-hidden=\"true\"><input type=\"text\" name=\"b_bb49cbb22f66a692d5bb9ad74_7f3b9b3eb1\" tabindex=\"-1\" value=\"\"><\/div>\n<div class=\"clear\"><input type=\"submit\" value=\"Subscribe\" name=\"subscribe\" id=\"mc-embedded-subscribe\" class=\"button\"><\/div>\n<\/div>\n<\/form>\n<\/div>\n<p><!--End mc_embed_signup--><br \/>\n&nbsp;<br \/>\nImportant notice: Capital at risk. The value of your investment can go down as well as up. The Financial Services Compensation Scheme (FSCS) protects the cash held in your Property Partner account, however the investments that you make through Property Partner are not protected by the FSCS in the event that you do not receive back the amount that you have invested. Forecasts are not a reliable indicator of future performance. Gross rent, dividends and capital growth may be lower than estimated. 5 yearly exit protection or exit on platform subject to price &amp; demand. Property Partner does not provide tax or investment advice and any general information is provided to help you make your own informed decisions. Customers are advised to obtain appropriate tax or investment advice where necessary. Before investing please read <a href=\"https:\/\/www.propertypartner.co\/howitworks#\/keyrisks\" \"=\"\">Key Risks<\/a>. Past performance is not a reliable indicator of future performance.<br \/>\nFinancial promotion by London House Exchange Limited (8820870); authorised and regulated by the Financial Conduct Authority (No. 613499).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property Partner now has a fully regulated secondary market under new MiFID II rules. On 3 January 2018 new European legislation MiFID II required investment firms operating the buying and selling of financial instruments to reach more stringent levels of compliance. To ensure our marketplace, the Resale Market, continued to operate under this new legislation [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":10791,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[172,173,175,188,178,179,180,176,174,177,169,182,185,186,187],"class_list":["post-5996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-partner-updates","tag-buy-to-let","tag-crowdfunding-platform","tag-property-crowdfunding","tag-property-crowdfunding-leader","tag-property-exchange","tag-property-experts","tag-property-funds","tag-property-investment","tag-property-investment-platform","tag-property-market","tag-property-news","tag-property-partner","tag-property-partner-news","tag-property-partner-research","tag-property-partner-updates","primary-category-better-than-buy-to-let"],"_links":{"self":[{"href":"https:\/\/www.londonhouseexchange.com\/blog\/wp-json\/wp\/v2\/posts\/5996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.londonhouseexchange.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonhouseexchange.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonhouseexchange.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonhouseexchange.com\/blog\/wp-json\/wp\/v2\/comments?post=5996"}],"version-history":[{"count":33,"href":"https:\/\/www.londonhouseexchange.com\/blog\/wp-json\/wp\/v2\/posts\/5996\/revisions"}],"predecessor-version":[{"id":10814,"href":"https:\/\/www.londonhouseexchange.com\/blog\/wp-json\/wp\/v2\/posts\/5996\/revisions\/10814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonhouseexchange.com\/blog\/wp-json\/wp\/v2\/media\/10791"}],"wp:attachment":[{"href":"https:\/\/www.londonhouseexchange.com\/blog\/wp-json\/wp\/v2\/media?parent=5996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonhouseexchange.com\/blog\/wp-json\/wp\/v2\/categories?post=5996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonhouseexchange.com\/blog\/wp-json\/wp\/v2\/tags?post=5996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}