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Glossary

Acquisition Cost

The purchase price of the property plus all related transaction costs, including tax, legal fees and SPV Reserve.

Anti-Money Laundering ('AML')

Money laundering is the process of transforming the proceeds of crime into ostensibly legitimate money or other assets. Five Acts of primary legislation govern money laundering and terrorist funding in the UK;

  1. Terrorism Act 2000
  2. Anti-terrorism, Crime and Security Act 2001
  3. Proceeds of Crime Act 2002
  4. Serious Organised Crime and Police Act 2005
  5. The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

British Pearl has a strict customer due diligence process designed to prevent the site being used for money laundering.

Articles of Association

One of the constitutional documents of a company that sets out its management and administrative structure. The articles dictate the internal affairs of the company, such as director and shareholder rights, the issue and transfer of shares, and the organisation of meetings.

Asset Class

A group of securities which have similar economic properties and characteristics. Shares, bonds and property are examples of distinct asset classes.

Assured Shorthold Tenancy ('AST')

The most common type of residential tenancy, and is also used to describe the agreement documenting the tenancy. They typically run for a fixed term, usually 6 or 12 months, the tenants deposit must be protected in a recognised scheme and the landlord must give the tenant at least 2 months’ notice to leave.

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Your capital is at risk Investing in property involves risk. The value of your investment can go down as well as up and historic performance is not a guide for future performance. Any projections of future performance are based on all information known at the time of share investment or loan, and internal calculations and opinions of British Pearl. These are subject to change and are not guarantees and should not be relied upon as such. Risks include the total loss of your share investment or loan, variable rental income due to property not being rented or a depressed rental market, and inability to sell your share investment or loan due to lack of a buyer. Investing with British Pearl falls outside the remit of the Financial Services Compensation Scheme. Please refer to the Key Risks section of this site for a more comprehensive description of the risks involved.

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 4th Floor, 7-10 Chandos Street, Cavendish Square, London, W1G 9DQ