taboola tracking pixel
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more


Service Charge

Where a property shares communal areas between different owners, there is generally a charge applied to cover the cost of the maintenance of those areas. This is most common in a block of flats where a management company may be employed to ensure that common parts are kept clean, decorated and of a high standard so that the overall property value is supported.


An ownership interest in a company which entitles the shareholder to certain rights, for example a share of the profits or dividend payments from the company.

Share Investor

Is an investor who purchases shares in an SPV.

Share Valuation

The share valuation is the latest valuation expressed on a per share basis.


SHIELD is a short-term loan facility that we have the discretion to make available to any SPV requiring liquidity support where the SPV Reserve has been depleted. It is possible that an SPV could encounter several negative cash flow events at the same time, requiring funds more than the SPV Reserve and rental income. In such circumstances, where the investment is still worthwhile, SHIELD acts as a second line of defence for the SPV after the SPV Reserve has been fully utilised. SHIELD is funded directly from British Pearl revenues and can be deployed to any SPV, unlike the SPV Reserve, which is property specific. SHIELD lending is not guaranteed and it is not a Contingency Fund as defined by the FCA: “arrangements used for the purpose of making payments to a lender when a borrower does not meet its obligations under a P2P agreement”.

Special Purpose Vehicle ('SPV')

Each property investment is owned by a special purpose vehicle (“SPV”), which is a UK limited company incorporated for the 'special purpose' of purchasing a single property. This is done so that each individual property is held completely separately to British Pearl so that any risks to British Pearl as a business will not affect individual SPVs.

SPV Reserve

Each SPV will have an SPV Reserve. This will be an amount of money that operates like a sinking fund. Some of the rental income that is received is put aside to help cover costs such as void periods, maintenance and other events that require cash. It is possible for SPV Reserve funds to be depleted and not replenished. SPV Reserve liquidity is not guaranteed, and it is not a Contingency Fund as defined by the FCA: “arrangements used for the purpose of making payments to a lender when a borrower does not meet its obligations under a P2P agreement”.

Stamp Duty Land Tax ('SDLT')

A property transaction tax levied by HMRC. It is incurred by the SPV on purchase of each property. The latest SDLT rates are published on the Government's website.

Stamp Duty Reserve Tax ('SDRT')

A transaction tax levied by HMRC for acquiring shares in property investments and is only applicable to purchases made through the Resale Market. Note that it is different to SDLT and the latest SDRT rates are published on the Government's website.


British Pearl engages RICS qualified surveyors in order to professionally assess proposed property purchases and to provide ongoing valuations.

Join British Pearl today. Start building your own portfolio.

Subscribe to our newsletter

Sign up to receive details of investment opportunities and special offers as well as commentary on the property market and crowd investing.

Your capital is at risk. The value of your investment can go down as well as up and you may get back less than you invest. Past performance is not a reliable guide to future performance. Your investments are not protected by the Financial Services Compensation scheme (FSCS). Forecasts are not guarantees and performance may vary. Our Resale Market opens only when investments are fully sold. Exiting early, when you want and at the price you want is not guaranteed. Risks include the total loss of your share investment or loan. Tax treatment depends on individual circumstances and may be subject to change in the future. If you are not sure about investing, seek independent, professional advice. Before investing, read our Key risks.

British Pearl ® is the trading name of British Pearl Limited (Company No. 7151774), a company authorised and regulated by the Financial Conduct Authority (Register No. 674693) and British Pearl Finance Limited (Company No. 10575280 and Register No. 770867), which is an appointed representative of British Pearl Limited. Both companies are wholly owned subsidiaries of British Pearl Group Limited (Company No. 9701436) and all are registered in England and Wales at 14th Floor, 33 Cavendish Square, London, W1G 0PW