Frequently asked questions

What is Brickowner?

  • What is Brickowner?

    Brickowner is a property investment crowdfunding platform that allows individuals to choose and invest into property using the Brickowner online platform. Whilst invested in the property users will benefit from any income and capital growth generated by the property during the investment period.

  • What is Property Crowdfunding?

    Property Crowdfunding is the term used to describe a number of investors joining together to invest in a property, so as to benefit from a share of any income and any change in the value of the property.

Properties and Managers

  • Newly Listed properties

    Newly listed properties are properties which Brickowner place on the platform in order to crowdfund the necessary funds to complete the investment in that particular property.

    Funds you commit into a newly listed property investment become ring fenced for that investment until the property crowdfunding target is achieved, whereupon they would be drawn down to complete the investment. No funds are drawn down until the full target is achieved.

  • Properties and managers

    When selecting which property investment opportunities to place on the Brickowner platform different factors have been taken into account. The initial focus is on property with good potential income and capital growth prospects.


    All the associated initial costs of the property investment are paid from the amounts raised from the investors.

  • Property Managers

    The asset managers of the properties on the Brickowner platform have been chosen for their track record and experience. Relevant details of the manager and their respective track record can be found by the details of the property investment opportunity on the Brickowner platform.

  • The properties

    The Brickowner platform will primarily offer property investment opportunities where the underlying property is managed by a third party and owned by a third party SPV.


    If for some reason a property on the Brickowner platform doesn’t complete its funding target, any funds that have been committed by investors will be reimbursed in full along with any platform fee that might have been charged. These will be reimbursed into the users Brickowner wallet.

Investment structure

  • Documents concerning the investment

    When investing you will be governed by the standard Brickowner investment documents. Sample documents can be viewed via the platform.

  • Equity investment nominee structure

    Your shares in the Brickowner SPV are held by way of a nominee, where the nominee is the legal shareholder of the relevant SPV, and holds those shares on your behalf with you benefitting from all the economic interest as the ultimate beneficial owner.  The nominee is a UK Limited Company owned by Gallium Fund Solutions Group Limited.

  • Equity investment SPECIAL PURPOSE VEHICLE (SPV)

    Each equity property investment is made using a special purpose vehicle (“SPV”) which is a UK limited company. It is the beneficial interest of the shares in this SPV which the investor purchases. In turn, this Brickowner SPV will itself act as a single investor into the underlying SPV that owns the property.

  • Loan Investment Structure

    Each loan investment is made through a bond or loan note issued by a UK registered company. Brickowner will act as the platform operator in this interest, registering the bonds for each investor and ensure payment, security and the investment meet the terms of the Investment Memorandum

  • Nominee structure

    Your shares in the Brickowner SPV are held by way of a nominee, where the nominee is the legal shareholder of the relevant SPV, and holds those shares on your behalf with you benefitting from all the economic interest as the ultimate beneficial owner.  The nominee is a UK Limited Company owned by Gallium Fund Solutions Group Limited.

FCA regulation

  • FCA regulation

    Brickowner Limited is an Appointed Representative of Gallium Fund Solutions Ltd (Reference number: 487176) which is authorised and regulated by the Financial Conduct Authority. We will treat you as our client for the purposes of the FCA rules in the promotion and arranging of investments to and for you.

    Gallium Fund Solutions will treat you as its client for the purposes of safeguarding and administering your shares in the special purpose vehicle in which you invest.

    Brickowner Investments Limited is an FCA authorised small Registered UK AIFM (FCA reference number 775256)

Income, and Capital Return

  • Am I kept updated on my investment?

    You are able to keep track of your investment and any income via the Brickowner website. We will also keep investors aware of any potential changes that might occur concerning the investment property.


    Yes, the dividend you receive from your share of the property investment income is yours to do with as you wish.


    Once you have invested, you now beneficially own a portion of the property investment via a UK Limited Company (SPV). You will receive a pro rata share of the monthly dividend in proportion to your ownership of the SPV. The value of your investment will also proportionally change with any change in the value of the underlying property. The dividend paid to the property investors is calculated by deducting any relevant costs of the property investment and the SPV from the gross income. When dividends are due they will be paid on the 9th of the month

  • Will I be required to put in further capital?

    Under no circumstances will you be asked to provide further capital. All ongoing costs are funded from the gross income, and allocated funds and upfront costs are provided for during the initial funding of the SPV.

    It is possible that a cost could arise that could be greater than the gross income or allocated funds, and which had not been provided for as part of the initial funding. In such a situation Brickowner reserves the rights to take out a loan which would be secured against the investment or SPV holding the particular investment. The loan would then be paid back from subsequent gross rent or from the subsequent sale of the investment.

Investment Period, and Exit

  • How do I exit my investment?

    When you exit your investment you will realise any capital profit or loss of that investment (see Key Risks)

    Each investment will have a defined investment term length which will be clearly conveyed to the investor at the time the property investment is first funded on the platform. This date will generally be governed by the specific manager that will be managing that property.



    Corporation tax

    Your investment in property is made via the purchase of shares in a UK limited company. The relevant company (Special Purpose Vehicle or “SPV”) has been established specifically to acquire an interest in property investment.

    The SPV will be subject to Corporation tax, and the SPV will pay this tax directly to the UK tax authority.

    Stamp Duty

    There is no stamp duty payable on the subscription for the Shares in the Company (SPV) or on redemption of the Shares.

    Personal tax (payable by investors)

    All investors should seek independent tax advice in relation to their personal tax position.

  • Implications of tax on projected returns

    All projected returns are gross of tax, including any corporation tax.


  • What information does my dashboard provide?

    The dashboard is there to help you monitor and keep track of your investments, as well as showing how much cash you have in your wallet.

Account Funding

  • How do I fund my Brickowner account?

    You can fund your Brickowner account in two ways:

    1. Debit card.

    We accept Visa Debit, Visa Electron, MasterCard, Solo and Maestro. The funds appear in your Brickowner account immediately.

    2. Bank transfer.

    The funds can take up to three business days to appear in your Brickowner account.

    Your money will be held in an online wallet by MangoPay, which is a trading name of Leetchi Corp. S.A. Leetchi Corp. S.A. is a public limited liability company incorporated under the laws of Luxembourg and approved as an electronic money institution by the Luxembourg Financial Sector Supervisory Commission (www.cssf.lu).

    If you fund your account in a currency other than GBP, your bank will convert the amounts at their specified exchange rate.

    Our minimum investment is £100


  • What’s the process for withdrawing funds from my Brickowner account?

    You are able to withdraw funds from your account at any time. This can be done by going to the “My Account” page. Withdrawals to UK bank accounts take up to 3 business days to clear. Withdrawals to non-UK accounts can take a little longer.

    All withdrawals are in GBP and your bank will convert the amounts at their specified exchange rate.

  • Can I withdraw invested funds?

    After you have subscribed to an investment, you will not be entitled to withdraw your subscription money unless either

    (1) you do so within 14 days or

    (2) the funding target is not reached and the

    Investment does not proceed. If you wish to withdraw from an investment within 14 days of subscribing, please email us at hello@brickowner.com.

Fees and Costs

  • Is there a charge for funding my Brickowner account?

    Brickowner does not charge for funding your account. We cannot advise on charges your bank may levy.

  • Is there a charge for withdrawing funds from my Brickowner account?

    Brickowner will not charge you for withdrawing funds to a UK bank. A cost may apply for international transfers.

  • What are Brickowner fees?

    Fees are outlined within the property term sheet for each specific investment.

    This applies to all investments launched on the platform since December 2018.


    All costs associated with sourcing, managing and disposing of the investment are paid by the SPV holding that particular investment. Such costs will include, but are not limited to, company related costs such as accounting and legal costs, as well as costs associated with the ongoing upkeep and management of the investment, such as ongoing surveys, valuations, and maintenance of the property as deemed necessary.

Non-UK Investors

  • Can you invest from outside the UK?

    Yes, however you are responsible for making sure you comply with the laws of your jurisdiction, including any governmental or regulatory requirements. We are however, not presently accepting investors from the US.

Security of investment

  • Is my investment protected if Brickowner ceases to exist or falls into financial difficulties?

    Each property investment is made through a dedicated investment company. The asset or assets within the investment company are completely ring fenced from the assets and liabilities of Brickowner Limited.

    This means that if Brickowner Limited became insolvent, its creditors would not have access to the property investments. However, this would mean that Brickowner Limited would cease being responsible for enforcing your investment rights against the investment issuer and you may have to do so yourself directly.

    All money held in your account, which is not invested is held in a Mangopay client account.

    These funds are completely separate and ring fenced from any funds of Brickowner, and as such would not be effected by anything that might happen to Brickowner. The money would simply be returned to investors if Brickowner fell into financial difficulty.

  • What can Brickowner do to protect investors if an equity investment fails?

    The exact details of the security offered for an equity investment will be outlined within the relevant Information Memorandum. For the majority of equity investments offered on the platform Brickowner has the right to take control of the assets of the company holding the investment in certain default scenarios. The majority of investments will also be protected with a restriction at the land registry preventing a sale of the asset without the consent of Brickowner.

  • What can Brickowner do to protect investors if a bond investment fails?

    If a bond issuer were to fail to fulfil its obligations to the bondholders, Brickowner Limited would, as security trustee, have the right to take control of the bond issuer’s assets in order to protect the bondholders. Any bond offered on the Brickowner platform will be secured against an asset. The exact details of the security offered will be outlined within the relevant Information Memorandum but in the majority of cases will consist of a debenture over the bond issuer’s shares, and a charge against the asset(s) at the land registry.

  • Is my investment covered by the Financial Services Compensation Scheme (FSCS) ?

    The Financial Services Compensation Scheme does not cover poor investment performance. Further information is available from the Financial Services Compensation Scheme at www.fscs.org.uk



    An investment in which the investor lends money to a project and receives a return in the form of interest.

  • Base Rate

    This is the rate that the Bank of England will lend to banks, it is set by the Bank of England’s Monetary Policy committee and therefore will affect the interest rates charged and paid by banks to lenders, customers and investors.

  • Bond

    A fixed-income investment paid by the bond issuer to the owner of the bond. At the bond’s maturity date, the issuer pays the owner the initial invested capital plus any remaining unpaid interest due.

  • Capital Gain

    This is the difference between the change in value of an investment and the cost of the investment. A capital gain is realised when the sale price is greater than the previous investment price. Capital gains are usually subject to capital gains tax.

  • Capital Gains Tax

    Capital Gains Tax is a tax on any profit made when you sell (or ‘dispose of’) something (an asset or investment) that’s increased in value when taking into account the original investment cost. It’s the gain you make that’s taxed, not the amount of money you receive.

  • Debt

    Debt refers to an amount borrowed by one party from another, there are usually terms agreed which define the length of time and the amount to be paid over the term of the debt, including any interest.

  • Development

    Property development defines building a new structure or improving existing structures of a property with the aim of increasing its value. A developer may be an individual but often it is a company or a corporation.

  • Distributions

    Distributions refer to payments of capital gain or income to investors.

  • Dividend

    A dividend is the amount paid to the investors in a property investment. The Dividend amount is the gross income less all associated costs and SPV taxes.

  • Dividend Yield

    The dividend yield is the dividend given as a percentage of the total funded amount.

  • Due Diligence

    This refers to the research and appraisal of an investment prior to purchase. Due diligence is carried out to evaluate the returns and risk of a property investment.

  • Equity

    Equity is defined as the net amount of funds invested and owned by a particular individual or company. The greater the amount of equity in an investment, the greater the share of both income and capital.


    An investment in which the investor purchases shares in a project and then receives a share of that project’s return.

  • Escrow

    When an investor agrees to fund part of a property, until that investment is made, money is held in escrow for the investor. This means the money is retained by a third party (Mangopay) on behalf of the investor until it is invested. Your money is held in trust to keep it separate and protected.

  • Fair Market Value

    This is an estimated market value based on what a market participant would pay for the property.

  • FCA

    Financial Conduct Authority- the independent financial regulatory body of the UK. Brickowner is an Appointed Representative of Gallium Fund Solutions which is authorised and regulated by the FCA.

  • Funding Target

    The funding target is the total amount that is raised for an investment including all costs associated with making the investment.

  • Gearing

    ‘Gearing’ is the use of borrowed capital to part fund a property purchase or investment. A mortgage uses gearing to fund a portion of a property. It’s attractive to investors because it offers the opportunity to enhance returns; however, it also increases the risks. It is also known as leveraging.

  • Gross Development Value (GDV)

    Gross Development Value is the projected market value of a property once all the development work is completed.

  • Gross Income

    The gross income is the total income received from the investment prior to any deductions for costs or tax.

  • Gross Profit

    Gross profit refers to the total amount of money made as the result of an activity. It represents the full return before the deduction of any costs or fees.

  • Interest

    Interest is the cost payable by investors to financial institutions for borrowing money.

  • Internal Rate of Return (IRR)

    Internal Rate of Return is a measure of the profitability of an investment, it provides a present-day value based on future returns.

  • Loan

    A sum of money which is borrowed and later payed back with interest. Terms of the loan are agreed which specify the length of time for which the sum is borrowed and the terms of its repayment.

  • Loan note

    A fixed-income investment representing a loan from the owner of the note to the issuer. The issuer agrees to pay back the owner in fixed amounts at fixed times according to terms stipulated by the loan note.

  • Loan to Cost (LTC)

    Loan to Cost – Where investors lend funds for a project, this is the ratio of the amount loaned against the cost of the project. (LTC = loan amount/cost)

  • Loan to Gross Development Value (LTGDV)

    Loan to Gross Development Value – where investors lend funds for a project, this is the ratio of the amount loaned to the projected market value of the completed project. (LTGDV = loan amount/GDV)

  • Loan to value ratio

    Loan to value (LTV) ratios tell us how much capital vs how much debt is owned on a given property (i.e. mortgage). A higher LTV is often seen as higher risk than those with a lower LTV.

  • Net Annual Dividend

    This is the annual income received from a property less applicable costs, fees and expenses.

  • Net Profit

    Net profit is the difference between the total invested amount and the present value, minus all fees and deductions.

  • Net Total Annual Return

    This is the total annual return received on your investment less applicable costs, fees and expenses.

  • Projected Return

    The projected return is the total projected return over the investment term, including all projected income and capital growth.

  • Share valuation

    This is the valuation expressed on a per share basis.

  • Stamp Duty Land Tax

    You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England, Wales and Northern Ireland. Further information is available here https://www.gov.uk/stamp-duty-land-tax/overview

  • Stamp Duty Reserve Tax

    Stamp Duty Reserve Tax is an amount payable to HM Revenue & Customs for acquiring shares in property investments owned by a UK company. The amount payable is 0.5% of the cost of those shares. https://www.gov.uk/guidance/stamp-duty-reserve-tax-the-basics

  • Special Purpose Vehicle (SPV)

    Each investment will be made through a Special Purpose Vehicle (SPV). The SPV is a limited company which protects and ring fences your investments should Brickowner Limited ever fall into financial distress.

  • Total Return

    The total gain or loss generated from holding an investment.

  • Yield

    A yield is the income return you will get on an investment made. Yield is usually expressed as an annual percentage rate based on the investments cost, or market value. For example if an investment costs £100 and produces and income of £10 over a year, the yield is 10%.