Crowdahouse Presents Crowdasafe™

Crowdasafe is our 2-Step protection to ensure your money is safe when lending to Borrowers

Secured Via A First Charge

This kind of first charge security is safe enough that banks and lending institutions use it every day when lending against property.

'Hands Off 'Debt Recovery

Automatic debt recovery processes kick in if the Borrower defaults. Pre-determined process to take control of the property from the Borrower. Costs will be paid from the Borrower’s equity.*

Equals Added Protection For Your Money

Crowdasafe adds a further layer of protection by working on your behalf to recover your money if anything goes wrong.

How does Crowdasafe work?

Step One. Your Loan is Secured Against Property at a maximum Loan to Value of 85% of the RICS valuation.

As a Lender your money, along with that of  your fellow Lenders, is secured with a first charge against the property on the Land Registry. This means the Borrower cannot do anything with the property that is not allowed under the terms of their Loan Agreement. For example, they cannot refinance, get a second charge, secured bank loan or any other kind of loan without your permission. The property cannot be sold or transferred to anyone without your permission. This kind of first charge security is safe enough that banks and lending institutions use it every day when lending against property.

Step Two. ‘Hands Off’ Administration. A Professional will be appointed to take control of the property and recover Lenders’ money.

We believe in a ‘belt and braces’ approach to ensuring your money is as safe as possible. To make sure that in the unlikely event of a default the process of recovering your money is as easy as possible, we build in the Crowdasafe security to every loan made.

  • Pre-determined process to take control of the property from the Borrower
  • Professional Administrator on standby to step in and carry out the tasks necessary
  • Costs will be paid from the Borrower’s equity*
*If the value of the property against which the loan is secured falls, you may not get all your capital returned in the event of a sale triggered by a default.

Contact Crowdahouse here

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