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Glossary

Income Tax

This is a tax levied directly on personal income which includes earned income such as salaries and commissions and unearned income such as dividends, interest and rents.

Information Commissioners Office

An independent offiice appointed by the Crown. Their mission is to 'uphold information rights in the public interest, promoting openness by public bodies and data privacy for individuals'. The key oversight that they have which affects British Pearl is our requirement to adhere to applicable data protection laws in the U.K. and abroad.

Information Pack

Contains details of the investment opportunity and financial information, supported by professional reports from solicitors and surveyors.

Interest Payments

A monthly payment by the SPV to the Loan Investors determined by the interest rate on the loan. As a borrower, an interest payment represents the rate charged for being lent funds. As a lender, interest payments represent income.

Investment

Refers to the shares in or loans to a specific property owning company.

Investment Cost

The price paid for the property plus other costs including (but not limited to) transaction costs and all associated development and/or refurbishment costs that may be incurred. This will be the amount of funds raised from Share Investors and Loan Investors.

Investment Exit Date

The intended exit date for the investment when the property will be put up for sale on the open market, assuming the investors choose not to renew (if the invstment is a rental property). The Investment Exit Date for rental properties is likely to be five years and up to two years for developments.

Investment Term

This is the period of time that an investment will run for. In the case of British Pearl, the investment term is the time for which a property will be listed (and traded) on the British Pearl platform before being sold and the net proceeds distributed to the Share Investors and Loan Investors. The Investment Term may differ in practice to the one indicated in the Information Pack, if the Investment and Risk Team believes it is in the best interests of investors to change it.

Individual Savings Account ('ISA')

Introduced by the UK government in 1999 to encourage individuals to invest by offering tax free income and capital gains on any investments held within an ISA. There are various types of ISA and each has restrictions on the types of investment that can be held within it. The British Pearl ISA is an Innovative Finance ISA.

Innovative Finance ISA

Introduced by the UK government in 2016 as a new type of ISA. The British Pearl ISA is an Innovative Finance ISA which allows investors to make loans and benefit from paying no Income Tax on any interest received nor any Capital Gains Tax on any gains (which might be made in the Resale Market).

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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