How Reap works

How Reap works

Get the best value from your money. Reap makes your money work harder, and smarter, for you.

A Real Estate Annuity Plan is a property-based financing arrangement in which you are offered the opportunity to lend money to a social enterprise and to receive a fixed income in return.

Reap is a loan secured against property, where you are the lender and we are the borrower. It’s an excellent source of income, as you can earn 3% p.a. and your income is paid every month. With Reap you know how your money will grow and precisely what you’ll receive at the end.

You can enter into a Reap contract by yourself or with others. All monies will be combined to form one loan secured against a single property up to a maximum of 85% of its value.

Reap is easy to set up

  1. Decide how much income you’d like to receive
  2. Print, then complete an application form (or we can mail you one)
  3. We’ll send to you an offer
  4. You’ll forward funds to the Security Trustee

See how much income your money could earn

By way of an example, a person making a Reap loan of £80,000 will earn a total income of £12,000 from the loan over the 5 year period.

Monthly Income Annual Income Reap Loan
£100 £1,200 £40,000
£200 £2,400 £80,000
£300 £3,600 £120,000
£400 £4,800 £160,000
£500 £6,000 £200,000
£600 £7,200 £240,000
£700 £8,400 £280,000
£800 £9,600 £320,000
£900 £10,800 £360,000
£1,000 £12,000 £400,000

We want what is best for both parties, both now and in the future. Shortly after we receive your money a Security Trustee will send you a cancellation notice which provides you with a 14 day cooling-off period in which to change your mind. If you decide to cancel we will return your funds without interest or delay. Each Reap transaction is secured on property, so it is not suited for individuals who plan to withdraw their money within 5 years. However, after the initial five year period, you can choose to continue or cancel the funding with a 90 day notice period. Unlike traditional annuities 100% of your funds will be returned to you.

A responsible landlord

Reap makes a positive impact by investing in communities and generating income while helping others.

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Key risks

Retirement is an exciting new chapter, but it requires careful consideration.

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