Latest platform update

Here’s our latest update on Octopus Choice, this time covering: 
  • Investment returns 
  • Liquidity 
  • Payments and transfers 
  • Investment returns 

October saw the highest ever total interest payment to Choice investors, yielding an annualised 5.6% return to investors. This return is a result of Octopus continuing to charge no management fee combined with several borrowers catching up on arrears from payment holidays earlier in the year.  
Around 90% of the loans that had been granted a payment holiday are now servicing interest and we have approximately 5 loans with ongoing payment holidays which are scheduled to resume payments in February. 
Liquidity 
Since the start of October, approximately £4m (2%) of loan capital has been returned by borrowers to investors, which is available for immediate withdrawal as cash. 
We have approximately £195m of investors’ capital invested in outstanding Choice loans. As I’ve written in previous months, we are working hard on ways to increase the liquidity of this capital beyond the scheduled repayments from borrowers. 
Payments and transfers 
Cash in Choice accounts can be set to pay out automatically every month. Doing this simply requires verified bank details and opting out of keeping all cash in the account. 
If you would like to have all cash paid out automatically in this way, please remember the below points: 
Money paid out of an ISA account will leave the tax relief wrapper – you may instead wish to transfer invested capital to another ISA provider. 
If you already have a large amount in cash built up, we will also pay this out on the 15th of the month. Alternatively, you can choose to withdraw it now. 
If you have not already done so, you will need to add your bank details to your Choice account. You can do this my logging onto Choice, navigating to ‘My Account’ on the top right of the screen, followed by ‘View Account’. 
You can see available cash in General and ISA accounts separately, making it easy to treat each amount according to your preference. Any available cash can be withdrawn manually at any time by logging onto Choice and selecting “Withdraw” at the top of the page. 
If you need help with managing Choice online, check our FAQ here: https://help.investors.octopuschoice.com  
If you can’t find the answer to your question there and need product support, email us on support@octopuschoice.com. 
With any other questions, don’t hesitate to reply directly to me on charlie.taylor@octopusinvestments.com. I’ll write again next month with another update on investment performance, re-financing and functionality updates. 

Best regards, 

Charlie Taylor 

Head of Octopus Choice 

Some risks to keep in mind

  • The value of an investment, and any income from it, can fall or rise. Investors may not get back the full amount they invest.
  • Money invested through Octopus Choice is concentrated in loans backed by property. If a property needs to be sold, the amount recovered could be affected by a downturn in the property market.
IMPORTANT INFORMATION: Octopus Choice investments are not suitable for everyone. We do not offer investment or tax advice. Personal opinions may change and should not be seen as advice or a recommendation. We record telephone calls. Issued by Octopus Investments Limited, which is authorised and regulated by the Financial Conduct Authority. Registered office: 33 Holborn, London EC1N 2HT. Registered in England and Wales No. 03942880. Octopus Choice is offered by Octopus Co-Lend Limited, which is fully authorised and regulated by the Financial Conduct Authority. Issued: June 2020. CAM009867.

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