Gray Stern, the co-founder of buy-to-let peer-to-peer lender Landbay, has launched an investment portal, Dot, which enables amateur landlords to invest in UK and US properties that it has already sourced via estate agents and property portals. The properties come with a pre-approved mortgage, enabling anyone with a 30% deposit to buy them instantly. Dot is also working on its own version for investors who want to put their money into rental properties, but are not yet ready to buy. Stern suggested many of Dot ’s customers would be higher-rate taxpayers who have built up enough savings for a deposit and want to take advantage of the tax benefits of buy-to-let property.
Gray Stern, the co-founder of buy-to-let peer-to-peer lender Landbay, has launched an investment portal, Dot, which enables amateur landlords to invest in UK and US properties that it has already sourced via estate agents and property portals. The properties come with a pre-approved mortgage, enabling anyone with a 30% deposit to buy them instantly. As part of its package, Dot provides all the services a landlord would need, including insurance, tax compliance, lettings and management. Stern suggested many of Dot’s customers would be higher-rate taxpayers who have built up enough savings for a deposit and want to take advantage of the tax benefits of buy-to-let property.