Loanstock
S19 Housing Co-operative is looking for investors to enable us to buy property to house our members and open a community resource centre.
As well as confidence that their money is being well used to fund a socially beneficial project, investors can choose to receive interest up to 4% per annum.
If you are interested in supporting this exciting new housing project, please email us at: [email protected]
What is loanstock?
Loanstock is a way of raising the funds we need to buy property. You provide us with a loan which we can either repay at the end of an agreed period, or in annual instalments. We can offer interest at a rate of up to 4%. The loanstock scheme means you can invest directly in S19, giving us the advantage of cutting out the “middleman” at a building society, thereby reducing our borrowing costs.
S19 is permitted to advertise and issue loanstock to the public because it is a registered Industrial and Provident Society. The co-operative exists for the purpose of housing its members and is closer to the original building society movement than today's familiar high street institutions, which despite their name do not build anything and are not societies.
Want to be a member?
Anyone into putting the necessary effort in is welcome to contact us