1 Shackleton Street Monton Manchester M30 8AE United Kingdom
Executive Summary
Bluetouch Homes Ltd bring another exciting opportunity to the platforms investors. We are now looking to raise funds for the latest development which is a 3-bedroom semi-detached property in Monton. Often referred to as ‘The New Didsbury’, Monton is an ever increasingly popular Manchester suburb with a thriving high street. As with most of Manchester, property prices in Monton are booming and have risen by nearly 70 per cent since 2013. Well located for the M60 and M602 motorway network, Monton also benefits from being on the doorstep of Eccles and the metrolink line into Manchester City Centre.
A full refurbishment will be carried out along with a single storey extension to the ground floor to create excellent open plan living space, taking the total square footage to 1150ft². This project benefits from an onward sale pre-agreed to one of our corporate clients, for who we source and acquire numerous properties before completing any necessary works and handing over. The sale has been agreed for completion of works at £400,000, providing excellent security on exit.
The total cost of the project including purchase and funding costs is £330,000 with a healthy profit of just over £70,000 and represents good value for an investor to secure a healthy, low risk return on a project we have a pre-agreed sale for. We expect to complete the program of works within 6-7 months allowing 2 months flexibility on our proposed schedule.
On the Max Crowdfund platform you have your personal Max Crowdfund Current Account. You can top your Max Crowdfund Current Account up via various payment providers such as iDeal or by bank transfer. Provided your balance is sufficient, you can start investing in loan applications immediately. The maximum deposit amount allowed differs per payment provider, but is usually a maximum of € 50,000. If you supplement your balance via a bank transfer, please use the reference provided in the description with your payment. Please note processing your bank transfer may take more than a day, which may mean you miss out on the investment opportunity.
No. Investors must be over 18 and must have an approved account, meaning their Know Your Client (KYC) documentation needs to be submitted and approved and have a bank account linked to their account. Country-specific restrictions exist and certain nationalities may be prevented from participation in some investment products. This is to prevent money laundering, tax evasion and other illegal activities, in line with our commitment to regulatory compliance and transparency.
At the moment we only accept EURO for investing in real estate backed loans. We are aiming to accept all currencies, including crypto currencies, like we do for the Max Property Group Share Certificates, but this depends on the regulators.
By Dutch law you are allowed a 24 hour cooling-off period, which means you can either change or cancel your investment during this time without any fees charged. After the cooling-off period you cannot change or cancel your investment. You are still allowed to make a second investment. Multiple investments will be combined in one when a loan is finalised.
Yes, but you will need to have a joined bank account with your partner. If you have a joined bank account, you can request to register a joined account on Max Crowdfund. Once approved, the regulatory limit for investing will be doubled to €160,000.
You can only register a new bank account by making a bank transfer of any amount from that bank account. We only accept bank accounts that are held by you and are in your name.
If you only have one bank account registered, this will automatically be your preferred account. In case you have multiple accounts registered, you can select only one of those to be the preferred account. Funds in your Max Crowdfund Current Account that are not used for a period of more than 60 days will automatically be transferred to your preferred bank account.
When the fundraiser fails to meet their obligations to make periodic payments as defined in the loan agreement, Max Crowdfund will follow up. Periodic updates will be shared to inform investors about the status of the loan. To recover from default, measures like a change of terms can be proposed, but this requires the approval from a majority of all involved investors via online voting. In the worst case scenario the Max Crowdfund Security Agent will execute on the collateral for the loan and distribute the proceeds to the investors.
