These Terms and Conditions set out the basis upon which Global Alternatives Operations Limited (trading as Property Crowd) will (i) offer £50 cash credit(s) to existing members (the “Referring Members”) and new members who are referred to Property Crowd by a Referring Member (the “Referred Members”), and (ii) make a charitable donation to the Children With Cancer Foundation UK (charity number 298405). Terminology used in these Terms and Conditions shall, where applicable, bear the meaning given to it in the Property Crowd Investor Terms and Conditions.
Property Crowd will credit £50 cash to a Referring Member’s Property Crowd Standard Account (non-ISA) for every new Referred Member who (i) becomes a member of Property Crowd after 27 June 2018 as a direct result of the introduction and referral by the Referring Member, and (ii) completes an investment of at least 10 bonds made available through the Property Crowd website on or before 31 December 2018. The £50 cash credit will be made by Property Crowd within 30 days of the Referred Member completing their first investment through the Property Crowd website.
At the same time as a £50 cash credit is made by Property Crowd pursuant to clause 2 above, Property Crowd will also credit £50 cash to the relevant Referred Member’s Property Crowd Standard Account (non-ISA).
If a Referred Member believes that he/she and an applicable Referring Member is eligible for the £50 cash credits referred to in clauses 2 and 3 above, that Referred Member must enter the referral code (provided to the Referring Member by Property Crowd) when completing their initial registration and not at any time thereafter. If that Referred Member fails to include the referral code at the time of their initial registration and onboarding, the Referred Member and the Referring Member will not be eligible for the applicable cash credit.
For the avoidance of doubt
a. Only one Referring Member is entitled to a £50 credit for a referral to a Referred Member. In the event of multiple referrals by Referring Members to the same Referred Member, the Referred Member must confirm to Property Crowd which Referring Member is eligible for the £50 credit in clause 2 above; and
b. A Referred Member is only entitled to a single one-off credit of £50 pursuant to clause 3 (and clause 2) above, regardless of whether more than one Referring Member had made a referral.
A Referring Member or a Referred Member does not need to take any active steps in order to claim their £50 credit on a qualifying transaction, but the conditions in clause 2 must be met and the applicable first investment by the Referred Investor must be made subject to and in compliance with the Property Crowd Investor Terms and Conditions and the Property Crowd ISA Terms and Conditions.
While the investments made by a Referred Investor may be from an Property Crowd ISA Account or Property Crowd Standard Account, any cash credits under this offer will not be eligible for inclusion within the investor’s ISA, although they may transfer it to their Property Crowd ISA Account to the extent that they have an un-used ISA allowance for the tax year in question.
Property Crowd will make a charitable donation to the Children With Cancer Foundation UK (charity number 298405) in an aggregate amount equal to £50 for every Referred Member who (i) becomes a member of Property Crowd after 27 June 2018 as a direct result of the introduction and referral by the Referring Member, and (ii) completes an investment of at least 10 bonds made available through the Property Crowd website on or before 31 December 2018. Property Crowd will endeavour to make the charitable donation by no later than 31 January 2019.
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 Referring Member or Referred Member 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.