GetGround has opened up its property investment platform to the whole of the UK BTL market.
Since its launch in 2020, GetGround’s online services have been reserved for limited company landlords — however, the expansion of the platform to the whole BTL market means all landlords, including those who own properties in their personal name, can utilise it.
The property investment platform offers several tools for landlords, including access to GetGround’s online wallet to streamline landlords’ financial management process.
Through the wallet, customers can receive rental income and make mortgage, bill and maintenance payments through a single account.
They can also track rent and categorise expenses to speed up bookkeeping, as well as optimise their investment performance with tailored property insights delivered to their accounts.
New customers also receive a £50 welcome bonus after setting up their wallets.
In addition, all landlords on the GetGround platform can access the firm’s investment pots — which are general investment accounts tailored specifically to BTL investors that offer a 5.05% variable annualised return, net of fees (based on AER).
They can also access GetGround’s full suite of services that help landlords find, finance, manage and sell their properties, all from one platform increasing visibility and reducing time, cost and effort.
According to GetGround, the platform is already being used by 30,000 landlords to manage £2bn of BTL investments.
Moubin Faizullah Khan, co-founder and CEO of GetGround (pictured above), commented: “The landscape for being a BTL landlord has never been more treacherous; margins are squeezed and, assuming the rumours are true, the new government is readying a series of tax changes that’ll make property investing harder to do well than ever.
“At GetGround, we’re lifelong advocates for limited company investing, but not to the detriment of the health and buoyancy of the overall BTL market.
“By helping any and all investors in UK property join our platform, we can help alleviate some of the costs, pressure, time and effort that are weighing heavily on private landlords’ shoulders.
“Keeping landlords motivated to stay in the market and do the best for their tenants is pivotal to maintaining a robust PRS.”
