Fabrik Invest partners with GetGround to deliver faster, more profitable property investments

September 9, 2020

Fabrik Invest has partnered with GetGround as a way to deliver a faster, more tax efficient property investment solution to our clients. GetGround is a tech start-up which sets up UK limited companies through which clients can invest, at around the tenth of the usual cost of doing so. 

Investing through a UK limited company, rather than as an individual, offers a range of benefits. It can be more tax efficient, as mortgage interest can be deducted from your UK tax bill (personal ownership no longer provides this option) and rental income can be extracted via owner loan repayments or dividends (rather than paying high levels of income tax). 

There is also significantly lower Capital Gains Tax on the sale of shares vs the property when you buy through a company. You are still selling the property but by a more profitable mechanism. This approach also results in lower Stamp Duty Land Tax for the buyer, which results in a price advantage to the seller.

“Buying an investment property through a UK limited company has a range of tax advantages, including in relation to inheritance planning. Doing so also provides investors with limited personal liability. We’ve chosen to partner with GetGround to facilitate this for Fabrik Invest clients due to GetGround’s affordable service and established credentials. Their approach fits with Fabrik Invest’s emphasis on ethical and educated property investment.”

Dale Anderson, Managing Director, Fabrik Invest

GetGround works by setting up a UK limited company for the client to purchase their buy-to-let property with. By doing everything online, their process is incredibly fast – they can set up the company and execute all legal documents in just 20 minutes. The online nature of the service means that they can work with clients around the world. Typically, a GetGround client can be ready to purchase property through their new company within one business day. 

In addition to the company setup, GetGround also sets up a company bank account for mortgage payments, rental incomes, dividend payments and the like. The company also works with the client’s lawyers to help facilitate the property purchase by the company they can provide a lawyer for those who don’t have one and can also connect clients with mortgage lenders. By working with broker partners, the GetGround team has access to over 570 different limited company mortgage products.  

GetGround’s fee (£500 to sign up and £20/month thereafter) compares favourably to most market alternatives, which tend to cost £2,000 and upwards. The fee includes accountancy, tax filing, legal documentation, secretarial work, bookkeeping and providing a registered office, as well. 

In addition to all of this, what really piqued the Fabrik Invest team’s attention was GetGround’s credentials. They are regulated-in-part by the Financial Conduct Authority, registered with the Information Commissioner’s Office and have received investment from the UK Government, via HM Land Registry. As a result of this, their platform integrates with both Companies House and HM Revenue & Customs (HMRC). They even use the same lawyers as HMRC to ensure that the companies created for GetGround clients are as tax efficient as possible while also protecting the shareholders.

With the same venture capital funders as Yahoo, Alibaba, Transferwise and Pinterest, GetGround is at an exciting stage in its development. 

“We are pleased to be partnering with GetGround in order to offer huge tax saving benefits to buy-to-let landlords and look forward to a productive working relationship over the coming years, as they facilitate faster, more profitable buy-to-let investments for those buying property in the UK.”

Dale Anderson, Managing Director, Fabrik Invest

For further details on investing in buy-to-let property in the UK, call Fabrik Invest on 020 8175 9891, email enquiries@fabrikpropertygroup.com or visit www.fabrikinvest.com

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Wayne Venter

International Business Development Manager

Wayne has been in the property industry for over 17 years. He started out selling residential properties in the northern suburbs of Sandton, South Africa, for one of the bigger real estate brands, before moving to a boutique, Johannesburg-based property developer. He worked at a senior level, specialising in residential developments on the north coast of KZN and various other areas of Northern Johannesburg.

Wayne moved to selling luxury, free standing homes and apartments in Sandton, Johannesburg in 2006, having joined the Country’s leading real estate brand and within six months was leading the team. In 2008, he began to focus exclusively on the luxury apartments in central Sandton, priced from approximately R2 million to R60 million. Over the years, he has also added commercial property sales and rentals to his repertoire, as well as building his own investment property portfolio between 2011 and 2018.

By 2018, realising where the South African property market was headed, he sold out of his investment property portfolio to de-risk and went looking for a real estate company to buy into. South Africa’s property market was extremely volatile at that time, so Wayne took the initiative and moved to London to work in property in the UK.

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Edward Snell

Senior Property Consultant

I live in Spanish countryside with my wife and our 11 rescue dogs.

Originally from Bedford, I have two sons, two step children & 6 grandchildren.

I have a keen interest in property investment and over the years have built up a personal portfolio for the purposes of rental income and capital growth.

I have over 20 years’ experience in property investment, both in the UK & overseas.

My other interests include animal welfare, football, motorsports, travel and music

My personality is of an even temperament and I enjoy the cut and thrust of doing deals.
I am happy and successful in what I do & take great pleasure in providing my clients with successful outcomes.

I’m a good team player but work well as an individual.

Daniel Harburn

Property Sales Consultant

Daniel had a passion for property from a young age so he began his working life by undertaking a plumbing apprenticeship for a large well known UK developer to pursue a career in construction. After qualifying he soon realised that building relationships was a preferred skill of his due to his loyal and trusting nature.

From then on Daniel launched his career in sales where he worked his way to to a high performing sales person at a creative media company. Part of Daniels success in accumulating clients over the last 10 years is put down to his diligence in customer experience.

Daniel has a keen interest in golf and also in keeping himself fit which is essential as he and his fiancé have 4 year old twins, Jacob and Sofia who keep them both on their toes.

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