Invest in co-operation

invest in co-operatives

Dragons aims to raise £12,000 loanstock by the end of 2020.

£3,000 to replace an existing investor and £9,000 new loanstock, offered at 2-4% to invest in essential roof improvements to the house. As custodians of a 400 year old build we are coming to terms with our long-term responsibilities to the building.

With bank rates at an historic low (< 1%), it has never been a better time to invest in the social economy. Borrowing money even from ethical banks is still expensive, they have to make their margin too, and as a small enterprise we can be charged up to 7% for new loans or 5% for a mortgage, so private investors can benefit from this disparity.

You may choose your own interest rate (up to 4%), to get this fantastic rate you are only required to commit for three years minimum.  Withdrawal is by negotiation – the larger the sum to more notice is required. There is a fully legal contract supplied and your loan is secured against the value of the house, so it is risk free. The co-op is contracted to pay an annual interest payment, usually on the same day each year.

Contact us directly if you would like to know more about this great investment scheme!

dragons housing cooperatice, #permaculture #wales
The roof facing us us is desperate need of some tlc, removing the slares, replacing any damaged batons and adding
This entry was posted in Economics, news and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.