Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more
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Acquisition Cost
The purchase price of the property plus all related transaction costs, including tax, legal fees and SPV Reserve.
Anti-Money Laundering ('AML')
Money laundering is the process of transforming the proceeds of crime into ostensibly legitimate money or other assets. Five Acts of primary legislation govern money laundering and terrorist funding in the UK;
- Terrorism Act 2000
- Anti-terrorism, Crime and Security Act 2001
- Proceeds of Crime Act 2002
- Serious Organised Crime and Police Act 2005
- The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
British Pearl has a strict customer due diligence process designed to prevent the site being used for money laundering.
Articles of Association
One of the constitutional documents of a company that sets out its management and administrative structure. The articles dictate the internal affairs of the company, such as director and shareholder rights, the issue and transfer of shares, and the organisation of meetings.
Asset Class
A group of securities which have similar economic properties and characteristics. Shares, bonds and property are examples of distinct asset classes.
Assured Shorthold Tenancy ('AST')
The most common type of residential tenancy, and is also used to describe the agreement documenting the tenancy. They typically run for a fixed term, usually 6 or 12 months, the tenants deposit must be protected in a recognised scheme and the landlord must give the tenant at least 2 months’ notice to leave.