Property Partner’s fee structure comprises of a one-off transaction fee of 2 per cent on the purchase of investment and an industry standard rate of 12.5 per cent of rental income for advertising, letting and managing the property. The company offered a property in Croydon to a closed group of investors at the end of last year, with 148 putting in a total of £226,600 in less than three weeks. This covered the price of the property and additional costs, such as stamp duty. At its launch, the site will have three properties available to invest in, including one in Whitechapel in east London and another in Hounslow, near Heathrow airport. Others are lined up, not only individual houses — the platform is looking at buying blocks of flats this year, as well as attracting institutional investors and purchasing properties elsewhere in Europe.

http://www.thetimes.co.uk/tto/business/workinglife/article4327050.ece