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Piggyback in the Press: Propertyweek

A new buy-to-let crowdfunding company that allows investments to be made ‘in less than three minutes’ is to launch next week. Founded by former City private equity lawyer Pippa Watmough, Piggyback promises to offer ‘a smart and simple platform for responsible investing.’ The platform had been ‘borne from the frustration of building lucrative property deals […]


Piggyback in the Press: Refinery29

”The analysis, by Piggyback Property, compares average house prices and wages for each borough, and the findings made for a depressing read. If you’re lusting after the Made In Chelsea lifestyle and hoping to buy in the Royal Borough of Kensington and Chelsea it’ll take you 68 years to save for a deposit. The average wage in […]


Piggyback in the Press: Evening Standard

‘It’s hard enough for a couple pooling their wages to get on to the property ladder in London. Now, a new report reveals it’s practically impossible to buy in some areas if you’re single. It would take a a ridiculous 68 years to save for a deposit in this part of London, where wages average […]


Piggyback in the Press: Bristol Post

‘Bristolians must save £114 a month for 19 years BEFORE being eligible to put a deposit on a home, according to new figures.With an average house price of £260,026 and average salary of £26,760, Bristol boasts the third highest waiting time in the country, behind second-placed Oxford and London in first. The figures, by Piggyback Property, are based […]


Location, Location, Location

Pick up any paper and you’ll see there is a housing crisis. Homes are being built – more than 140,000 in the year to December 2015 [1] – but evidently not enough if the crisis is still ongoing. There are many reasons, too many to list here, so we’ll save that for another time. Instead, […]


The Fallacy of Generation Rent

Generation Rent is a term used almost daily in relation to the plight of millennials exposed to the current housing crisis in the UK. However, it seems the Generation Rent tag can now be applied much more widely than the stereotypical millennial struggling to buy. Statistics from the English Housing Survey* show that the proportion […]


Pensions: Bread, Water & Lamborghinis

Just over a year ago, the government introduced pension reforms which removed the near requirement to purchase an annuity with pension monies, giving much more freedom to the over 55s to invest their pension as they so wished. Whilst pensions minister at the time, Steve Webb, suggested this would leave people free to purchase Lamborghinis […]


Open Banking for All?

UK banks must give customers greater information on quality of service and advance warnings if they might be falling into unarranged overdrafts following a two-year investigation by the Competition and Markets Authority (“CMA”). Some 20 percent of customers in the UK have unarranged overdrafts which generated circa £1.2bn of revenues for the banks in 2014.* […]


Property ownership falls in English cities

The total number of buyers has fallen by almost a third in the last decade, notably in Manchester. The city has seen the most acute drop since a peak of 72% in April 2003, to a significantly lower 58%. More widely ownership in England has dropped from 71% to just under 64% in the same […]



All investments involve risk, including the total loss of the capital involved. Property investments include some specific risks detailed below.

1. Loss of Capital Investment

Property prices can go down as well as up and different property types or those in different areas may be more or less susceptible to reduced or negative growth. By investing in property, there is a risk that you may not get back what you put in if property prices fall. You should not invest more money through the platform than you can afford to lose without altering your standard of living. Investment on Piggyback Property is not covered by the Financial Services Compensation Scheme.

2. Illiquidity

Any investment you make through the platform will be highly illiquid. There is no active secondary market for the shares of the investee company. This means that you are unlikely to be able to sell your shares until and unless the investee company is sold or the property is sold at the end of the investment term.

3. Rarity of Dividends

If a property receives rent this will be paid to the investors as a dividend net of any fees, costs and expenses. However, should a property not produce rent, or the rent be insufficient to cover the costs and expenses of operating the property, no dividends will be paid and you will be unlikely to see any return on your investment until the property is sold.

4. Diversification

Investing in property and unlisted shares should only be done as part of a diversified portfolio. This means that you should invest relatively small amounts in multiple businesses rather than a lot in one or two businesses. It also means that you should invest only a small proportion of your investable capital in startups as an asset class, with the majority of your investable capital invested in safer, more liquid assets.

5. Tax

You will be responsible for the payment of your own tax which may include capital gains and/or income tax. We do not provide tax advice and you should seek independent tax advice before investing if you are unsure of your position. It is still your responsibility to ensure that your tax return is correct and is filed by the deadline and any tax owing is paid on time. If you are unsure how this investment will effect your tax status you must seek professional advice before you invest. Each company you invest in will be liable for, and pay, corporation tax and any returns you receive will be paid to you net of any corporation tax due.

6. Past Performance

The value of property may go down as well as up and you may not get back the full amount you invested. You should not consider investing unless you can afford a total loss of your investment. Past performance is not a reliable indicator of future results.

7. Future performance

Any projections of future performance are based on the internal calculations and opinions of Piggyback Property and are subject to change at any time. Forecasts are not a reliable indicator of future results and should not be relied on.