Your share of forecast dividends will start accruing from the date the property is purchased, or a later date if specified in the property description. Dividends for any given month will be paid on the 5th of the following month, directly into your London House Exchange account. If the 5th of the month falls on the weekend or a bank holiday, dividends will be paid on the next business day.
The first payment will typically follow the first full month after purchase - for example, if a property is purchased on 15th December, the first dividend payment will be on 5th February for the period 15th December to 31st January.
Please note, dividend payments are not guaranteed and if deemed necessary dividend suspensions may be announced. Factors leading to dividend suspension include, but are not limited to uneconomical mortgage payments or inability to refinance economically, major works or high levels or vacancy.
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