Property: is this an ethical alternative to buy-to-let?

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If you’re keen to invest your cash but want to be sure it’s doing some good, Reap is worth a look

It’s described as an ethical alternative to buy-to-let aimed at those keen to invest in housing but who want their money to do good.

Reap (it stands for “real estate annuity plan”) allows people to lend money to a social enterprise that specialises in providing affordable rented homes for people in housing need, including those at risk of homelessness. Investors will receive a fixed 3% a year interest, with the income paid monthly.

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view The Guardian: Money
#property
#ethical money
#buying to let
#money
#uk news