CrowdProperty

Money & Insurance
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209 reviews
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Customer Reviews about

CrowdProperty

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Meerpad Customer email

5.00/5.00

"A trusted partner and great investment"

I have been an investor with Crowdproperty for 5+ years. I have a diversified investment portfolio of small loans against 100’s of properties. There have been no defulats on my loans and on a few occasions where loans have become late (it happens on construction projects) CP have kept me fully informed and paid additional default interest: all loans and interest were paid in full. I genuinely think CP care about the business they are building - it’s lenders, developers and shareholders- all round a very impressive and reliable partner

04/06/2023

Tim

5.00/5.00

"A great way to earn good interest over the longer term"

I have been investing with CrowdProperty for several years and have benefited from an actual return of 7.99% per year. This is so much better than any cash investment. Whilst your money is technically at risk due to the potential of loan defaults, CrowdProperty always has first-charge, so while capital repayment can sometimes be delayed, I have never experienced a loss. And furthermore, even if a project is delayed the interest rate is typically increased.
So the secret is to remain patient - don't use this as an easy-access account. As a longer-term investment vehicle, I have found it fantastic.
Some of the negative comments on trustpilot don't match my experience in the slightest.

04/06/2023

John Pilkington

5.00/5.00

"Very professional property investment…"

Very professional property investment company with greatest due diligence and excellent return

04/06/2023

Robert

5.00/5.00

"Do what they say on the tin"

I have invested with CP over the past 3 years and always found them professional and responsive. Yes, some loans are overdue, but these earn an additional 2% interest - so, what is not to like? By the nature of the business the investments are higher risk than tradtional investments, but the returns are way higher... you just need to be patient. If you can't afford the risk, then stick to traditional investments.

04/06/2023

Ian Barker

5.00/5.00

"Excellent lending platform"

Excellent lending platform - have been using for 2 years with ISA wrapper to get 7.5% net on savings!

04/06/2023

James Eley

5.00/5.00

"Love the investment platform"

Love the investment platform. The team are always prompt with support queries and their communication is excellent, as are the returns.

04/06/2023

Roy Cullington

5.00/5.00

"Very professional investment platform"

Very professional investment platform, meticulous research and highest standard of care. Keeps me fully informed of the progress of each development loan. First class concern in every way.

30/05/2023

Alex Harris

1.00/5.00

"Loan is over 6 months overdue"

Loan is over 6 months overdue , last update was February , no update given when I enquired nearly a month ago

Luckily put in a v small amount (0.1% of portfolio)

At best looks like a problem at worst a scam - avoid

25/05/2023

Richard

2.00/5.00

"Poor communications"

This company seems to side with borrowers rather than lenders. They are far too slow in taking action when loans are overdue and the percentage of overdue loans is now worryingly high. It's difficult to identify which loans are overdue and it's too often the case that you only get updates on overdue loans if you message the company.

21/04/2023

Chris Wehbe

1.00/5.00

"The platform has many loans overdue"

The platform has many loans overdue - to an extent I am deeply concerned they are misrepresenting their track record.

I have been emailing and messaging on the platform about loans that are 9 months past due but for which I have received no update.

This includes one loan for which, for no explainable reason, they put 20% of my assets on the "auto-invest" strategy. An amount which is 4-5x the amount they have ever put in any other loan.

I have used a number of different platforms and this is by far the worst - most seriously in their lack of reporting and transparency but also in their allocation of assets.

I have lodged a formal complaint, to which I have received an acknowledgement but no response. I will be following up with the ombudsman. I urge all investors to avoid this company.

18/03/2023
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