CrowdProperty

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209 reviews
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CrowdProperty

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Ian Patterson

1.00/5.00

"Please do not get involved."

Please do not put your money into this company unless you are determined to lose much of it.
So many projects go wrong and there is nothing you can do about it.
They make a big deal out of having the First Charge on all projects but this is very misleading. If a project fails, ask yourself what the first charge is actually worth and the answer is simple, very little, if anything at all, as all you are left with is a failed project and lost money.
They used to boast that they had a 100% payback record, not any more with many many failures. I know of several people all in the same boat and very upset at the way this company conducts itself.
If you do put any of your hard earned money in please bear in mind that this not just a high risk investment, it is an extremely high risk investment and will more than likely cost you.
My advice, stay well clear.

10/11/2024

douglas cook

1.00/5.00

"CrowdProperty Due diligence looking weak"

6/8 Auto invested Projects overrunning with big issues
Of those 6 projects
2 have had the receivers called in
1 the developer looking for buyer for his company
1 taken over by Crowdproperty who now in tussle with planning authorities.
Could not make this up.................
Crowdproperty suggested i should have spread my risk over more projects. Not sure that would have mattered, out of 8 randomly chosen projects 75% are disasters. I suspect if i had invested in 100 projects i would have had 75 disasters.
Judging by other comments, i can see i am not the only one experiencing these issues.

04/10/2024

A.C.

1.00/5.00

"Majority of loans overdue"

Similar to others, I have close to 40% of my initial capital invested for which the payment is overdue, and more than 30% overdue by more than 6 months. In total 10 out of 36 projects funded since I first joined the platform are overdue, 26 were paid back. Claims and statistics on defaults and technical defaults submitted by the platform seem erroneous or misleading at best. I contacted the FCA for further investigations.

Detailed stats by year of origination for the loans I funded:

2021: 21% Technical defaults/21% Overdue
2022: 9% Technical defaults/27% Overdue
2023: 16.6% Technical defaults/50% Overdue

30/09/2024

Kay Pilkington

1.00/5.00

"Nobody responding "

Tried numerous times and ways to communicate with them but no response (phone calls, emails, letters etc)

My husband passed away and I am trying to put the bereavement process in place

19/09/2024

Tom

3.00/5.00

"The good and the bad"

I've been with CrowdProperty for five years now, so long enough to offer an informed review. Some very good aspects to this company: they offer comparatively good rates and their customer service – at least the parts dealing with ISA transfers – is second to none. It's all let down by the problem of loans running over. I understand the preference to manage rather than enforce, but – in my experience – rivals like Kuflink are far better at dealing with late-payers and ensuring returns. My first loan – back in November 2019 – still hasn't repaid a penny.

13/09/2024

Paul G

1.00/5.00

"I have lost lots of Money with this Company"

This company’s customer service is okay but project selection is clearly poor. I have lost count of the number of projects they have invested my money into which have gone into difficulty and have delayed repayment or have diminished the repayment. I get messages telling me that the receivers have been called in and I will be losing some of my capital. I don’t know how much capital I have lost or if I shall get some back. So after losing capital I am worse off than I would have been had I left my money in the bank. What’s the point of investing in a company where you lose access to your money and then ultimately lose some of your money altogether ? Avoid. I would have been better off with my money in the bank

24/08/2024

Rob Fee

1.00/5.00

"No payment on June 2021 end date!…"

Still waiting on loan repayments that were meant to end in June and December 2021! Minimal updates given and having lost money on a previous investment with them - these two aren’t looking promising! Would highly recommend avoiding!

12/08/2024

John Spellman

1.00/5.00

"Too many default loans…"

Like many of the recent posts, the experience of loans in default are mounting. Ridiculous risk management emails are frankly a joke. I am just glad that i didn’t put more in. Avoid until they sort their problems out.

10/08/2024

Scott

1.00/5.00

"Avoid"

Unpaid loans are starting to mount up, 4 out of my 5 loans are now overdue, one of which is reaching 1 year with no update in over 4 months.
As the number of 'investment opportunities' have ramped up it appears they are taking on more risky developers/projects.
Unlikely to see my capital again never mind any interest.

CrowdProperty used to be ok but not anymore...
Also, what happened to their one hundred percent repayment record claim?
The CrowdProperty website says they insist on transparency well we do too, when will these loans finally be repaid?

09/08/2024

Nik Green

1.00/5.00

"Like many others loans overdue for…"

Like many others loans overdue for months on end without really any chance of repayment or even partial repayment. Crowdproperty used to be a good option for investing but now so many people losing money you would be wise to look elsewhere, just too risky with this company.

07/08/2024
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