Frequently Asked Questions

What is Proptee?

Proptee is a real estate stock exchange designed for your smartphone. It works the same way as Freetrade or Robinhood, except that you place orders to buy and sell shares in rental properties and not publicly listed companies.

Which investment products can I buy and sell using Proptee?

You can use Proptee to invest in the UK residential property market. Proptee plans to IPO a new property every week to give you a lot of investment options.

How does funding my account work?

Link your bank account to Proptee and send GBP via a simple bank transfer. Transactions are instant, so you will have a chance to trade as soon as you fund your account.

How can I withdraw funds?

Withdrawing money or cashing out is the same simple process as topping up. We validate your request in moments and transfer the funds to your linked bank account.

Is my Proptee account protected?

  • Proptee is applying to operate as an Appointed Representative of an FCA-authorised firm (we cannot name them yet).

  • All your funds are kept in ring-fenced bank accounts with an Electronic Money Institution.

  • Your sensitive personal information is fully encrypted and stored securely.

How is Proptee similar to a property fund or crowdfunding platform?

Proptee is similar to property funds and crowdfunding in that it only enables valid and quality investments to be listed on its exchange. Moreover, Proptee is regulated the same way these firms.

How is Proptee different from other property funds or crowdfunding platforms?

Proptee is rethinking the way property investment works. Using technology, we can automate and cut the costs of the investment process. No more hidden costs from lawyers, banks or the government. In addition, we cut out the fat that makes property investing costly — legacy technology, hundreds of bank locations, and paper-based market information. As a result, we radically reduced costs.

What’s the story behind Proptee?

The story of Proptee begins almost half a decade ago at Southampton University, where the two co-founders Alexandru Rosianu and Benedek Toth met at a hackathon event. After spending a lot of time together brainstorming about ideas and building small projects, Alex started working for a commission-free brokerage while Ben was building PSD2-compliant apps at a bank.

As they were both interested in property investing, Ben and Alex tried to put their cash and heads together to buy their first buy-to-let property. This was the moment when they realised how inefficient and unclear the market was: finding a property, picking and applying for a mortgage, paying stamp duty, conveyancing and property management.

Using their experience and knowledge from the banking and stock trading industries, they realised that most of the steps could be automated. They knew they could build a much more cost efficient and enjoyable way of property investing. This was the start of Proptee.

What products will be available at launch?

At launch, you’ll be able to buy & sell shares in properties with a tap of a button, free of charge. Even better, you will earn a monthly income from the rent.

What kind of properties are listed on Proptee?

Residential rental properties are listed in the Proptee app. Properties have to satisfy 3 main criteria.

  1. Central or upcoming location with great potential

  2. Newly built

  3. Tenanted for at least 6 months

How can I know that these properties are real and valid investment opportunities?

Every property deal listed on Proptee is checked and sponsored by an FCA-authorised firm. In this way, you can be sure that these properties are legitimate and considered as good investment opportunities.

Who manages my investment properties on Proptee?

Proptee is responsible for managing the entire investment portfolio. Operating fully in-house allows us to keep your fees to the minimum. At the moment, we charge only a small management fee of 0.85%.

How does the Proptee invitation system work?

You can request an invitation by entering your email address at the top of the screen. We’ll send you an invitation via email when it’s your turn to apply for an account. The time it will take for you to get on board depends on the length of the queue as well as Proptee’s registration status in your home country.

How can I refer a friend?

Once you sign up to the waiting list with your email, we generate a personal link for you. Please invite your friends by copying this link or just use the quick share buttons next to your unique link.

Why does Proptee use an invitation system?

An invitation system allows us to control the rate at which new users join, and in turn, the speed of sourcing new properties. We have an obligation to our customers and the FCA to offer an error-free service. We take this obligation very seriously. We are working as hard as we can to get Proptee into everyone’s hands quickly.

I requested an invite by entering my email. How long before I can start investing?

We can’t say specifically how long it will take for you to get an invitation, but you can track your position using the website. We’ll let new customers in slowly at first, but in time we will dramatically increase the pace. The goal is to reach a point where the reservation system becomes unnecessary.

Can I improve my position in the waiting list, and if so, how?

If you’re really excited to be one of the first users of Proptee, you can improve your position in line by referring friends with valid email addresses. Line position is determined by referral count, with ties broken by signup date.

Who can have a Proptee account?

To open an account with Proptee, you’ll need to meet the following requirements:

  1. You’re at least 18 years old

  2. Be a UK resident

  3. Have a National Insurance Number

When can I open an account?

You’ll be able to open an account, once you’re off the waiting list. We will send you an email when this happens with a link to download our app. The higher your position on the list, the sooner you’ll get access to our properties.

Does Proptee offer fractional trading?

No. We divide properties in many pieces so shares have small initial values. This should enable you to invest precisely as much as you want.

Does Proptee have an Android app?

Proptee is currently iOS-only. We will offer support for Android devices in the near future, so stay tuned.

Does Proptee have an API?

We are offering Proptee API access to a selected group of users in early 2021. If you are interested, please email us at hey@proptee.io.

What security measures does Proptee take to protect my personal information?

All the data is fully encrypted on Proptee, including your national insurance number, and other personally identifiable information. We only store your personal information for the minimum amount of time as necessary, following GDPR regulations.

Are my assets safe with Proptee?

Proptee holds your funds in a separate bank account so that your money never can be touched by us or anybody else. Properties are owned by a nominee company, so upon a wind down all the assets are still protected by a separate entity.

Can I sell my house on Proptee?

Absolutely. When you decide to sell a property on Proptee, you should contact us at hey@proptee.io and send over the details of your property. We will evaluate your property and get back to you within 24h.

How does the selling process work?

If we find your property a good match, we will get in touch with you and manage each and every step of the selling process. This means conducting due diligence and complying with our legal obligations.

Can I sell only a portion of my property?

Yes, you can decide how much equity you wish to put up for sale. Selling only a portion of your house works the same way as selling an entire one. Only difference is that Proptee investors will own a smaller piece in total of the real estate. This works the same way as a private company doing an IPO on LSE.

How can I decide if my property is a good fit for Proptee?

Following these 3 simple requirements should give you an initial idea:

  1. Central or upcoming location with great potential

  2. Newly built

  3. Tenanted for at least 6 months

If you are still not sure, please send us an email with your address and property details and we’ll conduct a quick check on it.

How much does it cost to sell or IPO on Proptee?

Proptee charges a flat fee of £990 for locations outside London and £1490 in and around London.

How long does it take to list my property?

Assuming everything goes well, listing a property on Proptee should take less than 14 days.

How does Proptee make money?

Proptee will offer API access to third parties, which will allow partner developers to build applications on top of the Proptee platform. In the future we plan to offer Proptee Premium, a subscription service with extra features for active investors.

How much money do I need to start trading?

Proptee does not have a minimum investment limit. You can invest as much as you want.