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. If that
sounds like an OK but not amazing return, those behind the scheme point out
that with Reap, that 3% comes without any of the associated risks,
responsibilities and inconveniences of being a landlord, such as finding
tenants, checking references and dealing with problems such as a broken boiler.
Read more on the Guardian website.
https://www.theguardian.com/money/2019/may/04/ethical-housing-reaping-the-benefit-while-helping-out
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