We publish Portfolio performance of Q4-2022 on January 31, 2023.
We will publish the performance of the portfolio of Q1-2023 on April 28, 2023: This will include annual revaluations for all properties, carried out by independent collegiate topographs accredited by Rics.
Today's update covers an important activity in February:
- Better's investment in the All-Share Investment Plan for Exchange & LHX
- Capital funds and votes of the shareholders
- Improved Property Disclosure by Property
- Unit disposition
1. Better's investment in the All-Share Investment Plan for Exchange & LHX
February was the first month of Better's direct investment in the exchange, which was completed according to the Investment policy.
This investment is creating greater liquidity and a more efficient price throughout the market. The negotiated volume in the exchange in February is the highest during the last 8 months.
For investors who seek to sell, this improved liquidity provides a greater opportunity to leave.
Together with Better's investment, the funds invested in the Investment Plan All-Share LHX They have been successfully implemented. The clients who invested in the February LHX All-Share are diversified in 39 properties and achieved an average 25% discount to the vacant possession value (after all the rates and taxes). This represents an unrealized capital gain of 34% on the cost of investment.
Customer funds are invested monthly and our March deployment It is open for funds until 11.59 pm today, February 28.
2. Capital funds and votes of the shareholders
In February, we identify 4 properties that need a new capital to strengthen its financial position:
For the 4 properties, the shareholders voted to follow this through the collection of capital funds instead of auction sales.
The 4 collection of capital funds successfully approved the 50%threshold, 2 of which approved 100%, which increases a total of more than £ 570,000. These 4 properties now have significantly stronger balances to make provisions of ordered units to maximize sales prices.
Three more properties will make votes of the shareholders in March, which will be announced tomorrow.
3. Improved Property Disclosure by Property
Information is the soul of our exchange and we are proud of the leading dissemination in the market that we produce for each property. We are constantly improving the information provided, even the valuable comments of investors.
All residential properties Now show INDIVIDUAL UNIT DETAILS In a new tab in the “Financial” section.
For each unit, this shows the purchase price, the latest independent valuations and, when appropriate, the sale price and the hired rent. Below is an example, Lydan's house:
In March, we will develop this beyond to include the 'state' of each unit, to show when the properties are vacancies for sale, under offer, etc.
All mortgaged properties As of tomorrow, he will show the Mortgage expiration date In the “Details of the Property”.
As reported in detail during the past year, mortgage interest rates have increased abruptly and these are already revealed for each mortgage. The expiration dates of the mortgage will now be added given its importance with respect to the pressure on the provisions of the unit for reimbursement, the arrangement rates of the refinancing/extension bank and the risk of absolute refinancing.
4. Unit provisions
The unit provisions continue to the rhythm through the portfolio. The details for each elimination are updated every month in our Registration sale.
In January and February, we complete 12 sales, achieving a combined sales value of £ 1,980,000:
- 6.5% above the independent vacant possession value of £ 1,858,000
- 23% above the original purchase price of £ 1,607,000
If you have questions about this update, send us an email to [email protected]
Best wishes,
The LHX team
Capital at risk. The value of your investment can decrease and rise. The Financial Services Compensation Scheme (FSCS) protects the cash that is carried out in its London House exchange account, however, the investments made through London House Exchange are not protected by the FSC. In the improbable case that London House Exchange had difficulties, PricewaterhouseCoopers LLP has been prepared to administer the sale of the property portfolio; Read more about our investment safeguards here. Performance information (including any expression of opinion or prognosis) reflects the most up -to -date data at the time of production; The publication is made in good faith on the basis of information or publicly available sources that are believed to be reliable. The performance and / or the past forecasts (if indicated) are not a reliable indicator of future performance. Interest and capital returned can be lower than expected. Gross rental, dividends and capital growth can be lower than estimated. Exit your investments (in the exchange, through the 5 -year anniversary process or according to specific strategies) is subject to prices and demand. London House Exchange does not provide fiscal or investment advice and customers are advised to obtain adequate fiscal or investment advice when necessary. Financial promotion by London House Exchange Limited (No. 8820870); Authorized and regulated by the Financial Behavior Authority (No. 613499). See Key risks For more information.
