Comments on: Bricklane: My Review of This Property Investment Platform

By: Nick

Nick — Fri, 10 Nov 2023 10:20:44 +0000

In reply to Subash. Thanks for the query. Bricklane is now closed to new investors and is winding down. Please see the other comments here.

By: Subash

Subash — Wed, 08 Nov 2023 20:42:27 +0000

I couldn’t sign up, there’s no option for signing up, what to do ? Does this platform available on Google Play store??

By: Nick

Nick — Sat, 04 Nov 2023 09:11:31 +0000

In reply to Fausto. Really sorry to hear this. It does sound as though you have been badly treated by Bricklane. I do hope you're able to get your money (or some of it) returned to you soon.

By: Fausto

Fausto — Sat, 04 Nov 2023 08:07:59 +0000

Thanks for the update, Nick.

Sadly, Bricklane is not responding to my emails and I haven’t got anything back yet. Now have a complaint open with the principal firm Gallium Fund Solutions, as Bricklane is not registered anymore with the FCA.

By: Nick

Nick — Mon, 30 Oct 2023 13:50:53 +0000

Just checked my bank account and around £880 of my £1000 investment in the London fund has been returned to me. No other notification received.

By: Nick

Nick — Wed, 11 Oct 2023 10:47:23 +0000

In reply to Fausto. Hi Fausto. No, nothing yet. But I did get an email a couple of weeks ago saying they would soon be making repayments to investors in the London fund and asking how I wanted the money to be paid (ISA transfer or bank account). I will update here again when I receive my money (and how much!). Hope that helps.

By: Fausto

Fausto — Wed, 11 Oct 2023 08:44:47 +0000

Hi Nick, I came across your blog looking for information on Bricklane Investment Services. Like you, I have investments with Nutmeg and Bricklane. With Bricklane I have invested nearly £8K since 2018, distributed between the London and the Regional Capital. After losses, my funds are now just over £6K.

I was wondering whether you got any money back from the London Capital, as they should be making a distribution following the latest investment update (August 2023). I haven’t got anything yet, haven’t been contacted and I’m not getting any replies or even acknowledgments of my enquiries.

By: Nick

Nick — Thu, 27 Apr 2023 14:36:07 +0000

In reply to Em. No worries. I will try to remember to put the info in a comment here.

By: Em

Em — Thu, 27 Apr 2023 14:31:10 +0000

In reply to Nick.

Thanks Nick, appreciate your response. Agreed, there’s some solace in making sure such a tragedy doesn’t recur.

I’m just on the Regional fund, so probably a couple years away from seeing anything returned.
I’d be curious to read about what kind of return you end up with when they distribute the London fund. Fingers crossed not too low.

By: Nick

Nick — Wed, 26 Apr 2023 16:43:40 +0000

In reply to Em.

Thanks for the comment. I withdrew £1000 before it all went pear-shaped, but still have £4000 invested, with £3000 in the Regional Capitals fund and £1000 in the London fund. I get regular updates from Bricklane by email about the winding up process. Last I heard all the London properties had been sold and hopefully a distribution will be made quite soon. It looks as if the Regional Capitals fund will take longer to sort out though.

I honestly don’t know how much I will eventually get back. If it’s anything close to what I put in, I shall be delighted. Obviously it’s been a chastening experience, but I don’t think anyone could reasonably have predicted the tragic Grenfell Tower fire and the consequences this would have for investors.