Online investing comes to buy-to-let market

Aug. 31, 2005
Online property exchange Orpomark has brokered the first internet buy-to-let investment. A £104,000 one-bedroom terrace cottage in the Leeds suburb of Horsforth has been bought by 65 web-surfing investors. The average individual investment in the house was only £1,600, with the smallest investor buying just one share for £1. Orpomark identifies suitable properties for sale and when it has lined …

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