"Don't invest in CrowdProperty"

I invest in a number of property related companies. With the exception of CrowdProperty they have all provided good returns against my investments, have minimal failures and have robust and speedy mechanisms in place in case of failure. CrowdProperty appear to have none of these in place - about 70% of my portfolio is overdue of which about half is over a year. Updates are infrequent and don't appear to actually progress the situation at all. Despite their poor performance they offer more schemes every week suggesting that they are much more interested in the quantity and not quality of the loans. Presumably because its the investors that take the hit on the poor schemes and not the company. In my opinion they are a terrible investment.

"Buyer Beware"

I have been involved with this company for around two and years and invested a relatively low amount of money to 'test the water' In year 1 I was never really satisfied with the number of loans that never seemed to complete and in year 2 (April 2023) decided to unravel myself from this investment. Thus far (March 2024) I have only been able to recover around a third of the investment - over half it sits in over 6 months overdue or 12months+ overdue. Will I get the rest back is very questionable. I do invest in another property PP who I have to say are far more successful in recovering defaults and returning monies in a more timely manner CrowdProperty is not a company I will ever invest in again.

"So glad I stopped putting money into…"

So glad I stopped putting money into this company. Multiple loans with excessive overdue dates. On top of this they make out they have secure steps in place to protect us. NOT SO... Yesterday I received news out the blue an administrator had taken over the property and now I should expect to make a loss on my loan. What about these precautions put in place. Might aswell bet your money away than use this company. Your money is not safe and the returns are not just for the risk you take (which they really do not quantify and make it seem like its a very safe investment) DO NOT USE

"Lack of financial concern"

I have been with Crowd Property since October 2019 and have earned £6,736 in interest. I have however £25,978 in loans that are overdue and £17,573 of that has been overdue in excess of 12 Months.
I may be cynical but it appears good money is made by the healthy charges made to the borrowers whether the loan is repaid or not.
First Charge is held on these loans but legal action appears never to be used to recover outstanding loans.
In closing I have several other peer to peer accounts all where the overdue loans are but a tiny fraction of the interest I have earned.
This is by a HUGE margin the worst peer to peer site I am aware of.

"I invested in a relatively small…"

I invested in a relatively small project, it was supposed to be completed by mid 2021. It’s been nearly three years but no repayment received. Although as investors we do get updates but these are usually superficial with no real action taken. This was my first and last investment, which is a shame as the intention & set up of the organisation is good, but delivery in my experience has been poor.

"Overdue accounts"

Of the £64k I loaned Via Crowd , £23k has been paid back , £9k is not yet due, £32k is overdue. Too many developments are overdue and the penalty interest is not high enough. I have no idea if there will be bad debts, hopefully the LTV will preserve my loan capital and I will just have to wait.

"I have projects that have not paid out…"

I have projects that have not paid out despite initial investment a couple of years ago. All I ever get is the update emails which doesn’t give me any clarity if and when I’ll ever see my money. They never gave me a choice to withdraw (something they said to another person on trust pilot that they do) - I know it’s high risk investment but I don’t believe you are doing enough to protect and keep your promise to investors I will never put another penny in this. I’ll probably die of old age before I ever see the rest of my returns. Ps please don’t reply with the same generic nonsense you send everyone here I will not call your helpline because it’s pointless they won’t tell me anything new and I know it’s a high risk investment so you don’t need to tell me that either. Stick to your promise forfeit the loans pay investors using the fund you claim to have

"Avoid avoid avoid at all costs full of…"

Avoid avoid avoid at all costs full of false promises as a borrower was told money to complete my build 1 day then next day they wanted full repayment how can this be a does not communicate with b avoid at all costs

"loan shark in disguise...avoid"

I have a project that is near completion with all exterior including walls, tiles, windows/doors fitted. I queried the company for a 12-month loan of 100k and was given a quote with the total costs just under 25% per annum. All those absurd "fees" made me laugh when I saw them. What makes you think you can collect massive fees by simply putting a number there?
Legal Fees £2,250.00
Initial IMS Fee £2,500.00
Arrangement Fee % 4.07%
Arrangement Fee Total £4,000.00
Arrangement Exit Fee £1,230.00

Don't waste your time. Avoid

"Risk well managed. Easy to use."

As a lender, I love this platform. Of course many projects overrun, but the 2% extra interest is a sweetener for me. I'm happy that the lending process the firm undertakes protects me. Reviews on here by disgruntled borrowers (who had to provide information and security by way of director guarantees etc) only add to my feeling that risk is well managed. I only invest a small proportion of my capital here and use the auto-invest facility to get a good spread of loans within my portfolio. Information updates on each loan are available on the website. When I emailed for clarification about a partial payback received (prior to the term of the loan), I had a swift and courteous response.