Property investment platform GetGround has opened up its services to all landlords, allowing those who own properties in their personal names to join.
Since its launch in 2020, GetGround had only catered to limited company landlords.
GetGround is currently used by 30,000 landlords managing £2bn worth of buy-to-let investments.
Research found that 74% of new investment properties were bought through limited companies in Autumn 2023, up from 61% two years earlier.
However, there are still 2.8 million landlords in the UK holding their investments personally.
Moubin Faizullah Khan (pictured), Co-Founder & CEO of GetGround, said: “The landscape for being a buy-to-let 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 buy-to-let market.
“Once onboarded, there’s no hard sell. Unincorporated landlords simply get a closer view of the advantages nearly 30,000 of their limited company contemporaries have been enjoying for almost five years.”
While personal ownership landlords registering with GetGround will not be eligible for the firm’s tax and accounting services geared towards limited companies, they will gain access to the innovative ‘wallet’.
This online tool simplifies financial management, enabling landlords to receive rental income, make payments, and track expenses in one account.
New customers receive a £50 welcome bonus for setting up their wallets.
Other features available include GetGround’s ‘Investment Pots’, providing a 5.05% annualised return, net of fees, although the rate is variable and investments carry risks.
Landlords can also access a complete range of services to find, finance, manage, and sell their properties on one platform, making the process easier and more efficient.
