BTL crowdfunder set to launch

A new buy-to-let crowdfunding company that allows investments to be made “in less than three minutes” is to launch next week.

Founded by former City private equity lawyer Pippa Watmough, Piggyback promises to offer “a smart and simple platform for responsible investing”.

The platform had been “borne from the frustration of building lucrative property deals for wealthy individuals”, while being unable to gain access to such deals for “everyday investors”, said Watmough, who added:

“We wanted to give easy access to the property market, so that anyone could start building their own portfolio.”

Watmough, who described Piggyback a “tech-enabled property company”, said that while the minimum investment was £1,000, there was no maximum, which would also open the door to high-net-worth individuals.

The money is held by a regulated third party until the property is fully funded. Investors are then given shares in the property, which Piggyback manages.

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