On London House Exchange you have a choice between New Listing and Resale investment opportunities (i.e. properties already listed and trading on the Exchange). We primarily offer residential property on the exchange, but also have a number of student and commercial properties listed.
New Listing opportunities
New listing opportunities are properties which we are looking to acquire in the near future, with exchange of contracts expected in the coming weeks. The funds to purchase these properties are live funded on our platform within a specified time period.
When you commit funds to a new listing, your London House Exchange account balance will decrease but no money will actually be taken until the live funding target is reached and legal completion of the purchase of the property has taken place.
In the unlikely event that a new listing does not reach its funding target within the specified time, or the purchase falls through for some reason (e.g. the vendor withdraws it from the market or the property does not meet our stringent due diligence criteria), all committed funds will be returned to the respective customers’ accounts. This applies to 100% of committed funds – London House Exchange will obviously not charge or receive any fees and any costs that have been incurred (for example, surveyors and solicitors) will be borne solely by London House Exchange.
Resale opportunities appear on the Exchange when another London House Exchange investor chooses to sell their investment or shares.
The selling investor can choose the price at which they offer their shares for sale, but we will provide information to help both potential buyers and sellers to perform diligence, and determine whether they wish to buy or sell at a given price.
RICS accredited surveyors carry out revaluations of all our properties on an annual basis. A comprehensive Chartered Surveyor’s physical inspection and valuation is completed in connection with the 5-year anniversary process.
However, ultimately it is your decision what price to buy or sell at. Our estimated valuations do not constitute, and should not be considered, investment advice.