Press and media

For all media enquiries, images and interview requests, please contact:

Katie Bawler & Carolina Are
Manifest London Ltd. The Printworks, 12 Albemarle Way, London, EC1V 4JB
Phone 0203 1379 9270 / 07799 130 187 or email

Press releases

New pensions reforms open up ethical lending opportunities that could revolutionise affordable housing

Published on 2015-01-23

New property initiative is launched to provide transparent, fixed retirement income through funding former disused let properties.

From April 2015, UK pension rules are changing; anyone retiring after this date will be able to choose how they use their pension savings, which has opened up a new spectrum of financial opportunities for ‘pre-tirees’.

Seven per cent return for supporting affordable housing projects.

The Real Estate Annuity Plan (Reap) is a brand new property based financing arrangement where people approaching retirement, who are looking to make more from their pension savings, can lend their money to a mutual society which renovates derelict properties to bring them back into habitable use.

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Affordable housing specialist fires warning against retirees investing their pension directly in property

Published on 2015-03-05

Following the pension reforms announced in George Osborne’s Budget last year, allowing anyone aged 55 or over to access their entire pension pot with effect from April 2015, a stark warning is being issued by Andrew Mahon of The Equfund Group to people thinking of withdrawing their pensions to invest their money directly in buy-to-let property.

Mahon comments:
“Property can be a great provider of income as long as owners maintain the property and understand the relevant laws; it is simply not a get rich quick scheme anymore.”

“You need to learn how to fulfil all of your legal responsibilities including complying with building regulations, tenancy legislation, tenancy deposit protection, gas safety measures and immigration checks to name but a few. It is no longer a simple process letting out property, nowadays there is a heavy administrative burden for landlords and if you fail to fully understand the requirements before purchasing an investment property, you are entering a potential minefield.”

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Pension tension: Confusion reigns for retirees looking for alternative uses of their pension pot.

Published on 2015-03-17

British pensioners are facing widespread confusion over the future of their pensions according to a new report out today.

With George Osborne set to formally announce new pension reforms in Wednesday’s Budget allowing over 55’s to cash in their pension pot, the Pension Freedom Report commissioned for the launch of the alternative pension plan, Reap, delves in to the nation’s attitude towards their pension and finds that retirees want more control but don’t know their available options.

Perplexed over pensions
Despite the new pension reforms giving retirees more freedom over their pension pot, nearly one in five (19 per cent) over 55’s report feeling confused by the options available, whilst one in eight (12 per cent) feel totally unprepared for the new legislation and have no idea how they will use their savings.

Worryingly, a third (33 per cent) claim they feel completely alone when it comes to seeking financial advice for their pension options. With a nation of pensioners perplexed over the news reforms, retirees are calling for the Government to do more to educate them.

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The housing crisis: ‘Grandlords’ to the rescue: Whoever you vote for on May 7th, it’s responsible ‘Grandlords’ offering real housing hope for younger generations

Published on 2015-04-28

More ‘Grandlords’ entering the market could have an extremely positive impact on the quality and availability of affordable private rental properties as these buyers have no intention of squandering their pension funds on poor quality properties. However, while buy-to-let can offer the security of savings, it requires significantly more effort and there is widespread concern that retirees could be risking their hard-earned pension money investing in the wrong properties.

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Case studies

Clare Gorry, 57


“Though I have a small workplace pension, I decided to invest in a buy-to-let property a few years ago and that this would be my primary source of pension income. As the property got old, I started to receive diminishing returns because of managing agents fees and property maintenance costs. 

“When my latest tenants made irreversible (and unauthorised) alterations to my property, I lost heart. The management agents I paid so much for had not been monitoring the property as they were contracted to. The cons of being a landlord had overtaken the pros, and once I finally sat down to calculate my total incomings and outgoings I figured out I was earning a yield of just over 4% once all deductions were taken into account. I did not want to manage the property myself, so I decided to sell it.”

Why Reap
“I’m attracted to the ethical side of Reap and I like its simplicity; I don’t have to stress about Gas Safety Certificates, rental void periods or damages to my property and I’m no longer at the mercy of unscrupulous letting agents.

I like to feel that I have contributed to bring empty properties back into use and that these are let to young families. When I looked at other options available it was not easy to get answers to simple questions: where does my money go? How is my money used? I don’t want to fund the next Wonga, or find that my money has funded any arms companies. An awful lot of financial products appear intentionally opaque in this regard, when what I wanted was good ethics and transparency. 

Plus, Reap helps me fund my life-long passion, travel: its interest now pays for my annual holiday!”

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