Property investment platform GetGround has expanded its service to all UK landlords.
GetGround said the rise of limited company investing in the buy-to-let market is “unprecedentedly” fast with 74 per cent of new investment properties being bought through limited companies compared with 61 per cent just two years earlier.
However, there remain 2.8mn landlords in the UK whose existing property investments are held personally and so GetGround hopes to help them see the benefits of a different kind of investment experience.
GetGround co-founder and CEO, Moubin Faizullah Khan, said: “The landscape for being a buy-to-let landlord has never been more treacherous.
“Margins are squeezed and, assuming the rumours are true, the new government is readying a series of tax changes that’ll make property investing harder to do well than ever.
“At GetGround, we’re lifelong advocates for limited company investing, but not to the detriment of the health and buoyancy of the overall buy-to-let market.
“By helping any and all investors in UK property join our platform, we can help alleviate some of the costs, pressure, time and effort that are weighing heavily on private landlords’ shoulders.
“Keeping landlords motivated to stay in the market and do the best for their tenants is pivotal to maintaining a robust private rental sector.”
GetGround specified that personal ownership landlords that register with the firm will not be eligible for the company’s “flagship” tax and account services that are specifically tailored to limited company investors.
However, they will be able to access GetGround’s wallet feature which makes financial management easier as customers can receive rental income and make mortgage, bill, and maintenance payments through a single account.
Additionally, landlords can access GetGround’s ‘investment pots’ which are general investment accounts tailored specifically to buy-to-let investors that offer a 5.05 per cent annualised return, net of feeds.
Landlords can also access GetGround’s full suite of services which can help them find, finance, manage, and sell their properties, all from one platform.
tom.dunstan@ft.com
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