27 March 2019
These Terms and Conditions set out the basis upon which Global Alternatives Operations Limited (trading as Property Crowd) will offer cash-back on bond subscription requests made on or after 27 March 2019. Terminology used in these Terms and Conditions shall, where applicable, bear the meaning given to it in the Property Crowd Investor Terms and Conditions.
This offer cannot be used in conjunction with any other Property Crowd offers or promotions. Property Crowd reserves all rights to withhold this offer from any investor to the extent it believes that there is any abuse of these terms or if it believes that the parties are not behaving in a bona fide manner for the purposes of making investments on the Property Crowd website.
New ISA Transfer Investments 2% cashback:
Subject to clause 4 below, for every New ISA Transfer Investment, Property Crowd will pay an amount equal to 2% of that New ISA Transfer Investment in cash into the investor’s Property Crowd Standard Account (non-ISA). A “New ISA Transfer Investment” means an investment in an amount of £5000 in bonds made available though the Property Crowd website with New ISA Funds by no later than the Applicable Deadline. “New ISA Funds” means cash which has been instructed between 27 March 2019 and 15 April 2019 (inclusive) to be transferred from a different ISA provider (Cash, Stocks and Shares, or Innovative Finance ISA) into the investor’s Property Crowd IF ISA Account. The “Applicable Deadline” means midnight on the date which is 30 days from the date on which the transfer of New ISA Funds to the Property Crowd IF ISA Account is completed, provided that the transfer was requested between 27 March 2019 and 15 April 2019 (inclusive).
An investor will only be entitled to 2% cashback for a maximum of five New ISA Transfer Investments.
New ISA Investments 1% cash-back:
Subject to clause 6 below, for every New ISA Investment made by an investor on Property Crowd which is not a New ISA Transfer Investment, Property Crowd will pay an amount equal to 1% of that New ISA Investment in cash into the investor’s Property Crowd Standard Account (non-ISA). A “New ISA Investment” means an ISA investment request from a Property Crowd IF ISA Account in an amount of £5000 in bonds made available though the Property Crowd website by no later than midnight on 15 April 2019.
An investor will only be entitled to 1% cash-back for a maximum of five New Investments.
The investor does not need to take any active steps in order to claim the applicable cash-back on a qualifying transaction, but the following conditions must be met in order for the cashback payment in clause 3 or clause 5 to become due:
- investment must be made subject to and in compliance with the Property Crowd Investor Terms and Conditions and the Property Crowd IF ISA Terms and Conditions (as applicable); and
- the investor must have funded their account and subscribed for the bonds within the time frames set out herein.
Property Crowd shall endeavour to credit any applicable cash-back payment to the investor’s Property Crowd Standard Account (non-ISA) on the Business Day following the day the qualifying bond purchase is executed or by 30 April 2019, whichever is later. The money from the cashback payment will not be eligible for inclusion within the investor’s ISA, although they may transfer it to their Property Crowd IF ISA Account to the extent that they have an unused ISA allowance for the tax year in question.