BridgeCrowd is a trading name of Social Money Limited, authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 675283) for credit broking, debt adjusting, debt administration, debt-collecting and debt-counselling activities and consumer buy to let loans. Social Money Limited is a company registered in England (reg no. 08054296). Registered office: 31 Wilmslow Road Cheadle Cheshire, SK8 1DR, UK, registered with the Office of the Information Commissioner (reg no. ZA026178). BridgeCrowd is not covered by the Financial Services Compensation Scheme. Your capital is at risk.
BridgeCrowd is a social way to borrow and lend secured money on property and bridging loans. As a lender, the loans that the BridgeCrowd make are secured over property and the security is held on trust for you. The loans that you make are not regulated by FCA and they are not covered by the Financial Services Compensation Scheme. Your loan capital is at Risk and past performance is not a reliable indicator of future performance. If you are unsure about the Risks involved in lending please see our Risk Warnings. Tax treatment of any of loans will depend on the individual circumstances of each lender and may be subject to change in the future. Borrowers: the loans that we make are regulated and unregulated depending on the type of loan that you apply for. Please remember the risk that any property used as security is at risk of repossession if you do not keep up with your payments. If you are unsure about any aspect of the information provided by the company, you should seek advice from an independent financial adviser.
Copyright © 2017 - 2019 Social Money Ltd
Borrowers - please be aware that any land or property offered as security may be at risk and may be re-possessed if you fail to maintain your financial commitments. There is no requirement to place money on account. There is no advance payment required except the cost of a valuation of your security where appropriate (the valuation cost is usually £110 per £100,000 value of the security).
Lenders - The BridgeCrowd makes loans secured over property. As a lender you will be providing an unsecured Loan to Us but We undertake to apply that Loan to a Secured loan for the purposes set out in the Potential Investment particulars and We undertake to hold the Security and any money received from a borrower on trust for you as beneficiaries (pursuant to the terms of the Trust) and on which You have placed a Bid. Our Loan to the Borrower will be on a secured basis as set out in the terms of these Global Lender Provisions. At all times your assets (money and security) will be held on Trust for you and is are ring-fenced and segregated from the assets of the BridgeCrowd. Whilst the underlying loans that the BridgeCrowd make are secured against property (Security) which is held directly on Trust for you as beneficiaries, the value of the Security can go up as well as down. The Risk is that the value of the Security may diminish for a number of reasons; for example the property may decrease or the valuation provided by a surveyor is not accurate (this list is not exhaustive). If the value of the Security reduces then you may be at Risk of losing some or all of your loan capital and or interest. Social Money Ltd t/a BridgeCrowd is regulated by the FCA and we make regulated and unregulated loans. However, as a lender, the loans that you make are not regulated and they are not covered by the Financial Services Compensation Scheme. Your loan capital is at Risk and past performance of the BridgeCrowd and the Property Market is not a reliable indicator of future performance. If you are unsure about the Risks involved in lending please seek financial advice, review our FAQ’s and request more information from us before lending.