Frequently Asked Questions
WHAT IS A BOND?
A bond is a simple debt instrument, sometimes referred to as a fixed- interest security or a Speculative Illiquid Security. For this Offer, JH considers that it is appropriate for Sophisticated and High-Net Worth investors who have confirmed they understand the risks of the Bond. As the Borrower is making secured loans some of the risk is reduced, making it more appropriate for debt-based interest.
WHY IS THE TARGET RAISE £5 MILLION?
£5 million is the target amount set by the Issuer. Tranches will be released at the discretion of JH, in line with the requirements of the opportunities.
WHAT IS THE RELATIONSHIP BETWEEN THE ISSUER AND JOHN HOWARD?
The Issuer is owned by P1 Capital Partners. P1 Capital Partners originates, administers and monitors loans on behalf of subsidiary companies including the Issuer.
WHAT HAPPENS IF YOU RAISE MORE THAN THE FULL £5 MILLION?
The maximum amount cannot be exceeded because that would breach the terms of the Bond Agreement. JH may issue further bonds or take on secured third party lending in the future to take advantage of other opportunities.
CAN I INVEST THROUGH A SIPP?
It is possible to invest through SIPPs that allow non-standard assets, subject to approval by the SIPP trustees. Please contact JH for more details if you would like to invest through your SIPP, we will be happy to answer any queries you may have.
CAN I INVEST THROUGH AN INNOVATIVE FINANCE ISA?
It is possible to invest in this Bond through the P1CP Innovative Finance ISA (IFISA) by opening an IFISA through the JH / P1CP website. Please note you will only be able to make an investment through your IFISA once you have cleared funds in your IFISA.
WHAT HAPPENS AFTER THE MONEY IS RAISED?
You can log on to the website to see a record of your investments and review new offers as they become available.
WHO ARE SHAREIN?
ShareIn Limited are the company that P1 Capital Partners are working with to deliver their bonds. ShareIn are authorised and regulated by the UK Financial Conduct Authority (FRN 603332).
HOW DO I TRANSFER FUNDS TO?
When you invest or top up your wallet, funds should be transferred to ‘ShareIn Ltd’. ShareIn Ltd holds client monies in segregated accounts. ShareIn Limited (Firm Reference Number 603332) is authorised and regulated by the Financial Conduct Authority. The transfer details will be available at the time of investing.
WHAT DO I DO WHEN I AM READY TO INVEST?
HOW AM I CATEGORISED AS A "CLIENT" FOR REGULATORY PURPOSES?
IS THERE TAX ON MY INVESTMENT?
COULD I LOSE MORE THAN THE AMOUNT INVESTED?
You can lose all the money you invested but nothing more.
WHO CAN INVEST?
People resident in the United Kingdom who are either a “Certified High Net Worth Individual” or “Self-Certified Sophisticated Investor” (as these terms are defined in The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended)). You must not participate in the New Fundraise or make any other investments via the Company’s website if you do not meet any of these criteria and you must not complete the online registration process as an ‘INVESTOR’.
WILL PEOPLE BE ABLE TO SEE IF I INVESTED?
No. John Howard would like to keep their list of investors private.
I AM DOMICILED OUTSIDE OF THE UK AND EU, CAN I INVEST?
For a significant investment, we would be more than happy to enter into separate discussions as to whether we can accommodate this. It will be dependent on your particular circumstances and the regulatory framework in your country of residence. Please contact us at email@example.com if this interests you.
DO YOU CHARGE FEES?
The Issuer (JH) do not charge bondholders any Fees. The Issuer lends money to developers/borrowers secured on a legal charge. JH (or associated entities) may be remunerated or receive a profit share from those borrowers. JH (or associated entities) do not receive fees from bondholders.
WHAT DO WE DO ABOUT CONFLICTS OF INTEREST?
JH will review any possible Conflicts of Interest that could harm investors and manage or eliminate these conflicts if and when they arise.
HOW DO I MAKE A COMPLAINT?
– What’s gone wrong and
– What you want us to do to put things right.
– A business employing fewer than 10 persons that has an annual turnover that doesn’t exceed €2 million
– If you are unsure whether the FOS will consider your complaint, please contact them directly for advice. The service the FOS provides is free and impartial and contacting them at any stage of your complaint will not affect your legal rights. The contact details for the FOS are:
South Quay Plaza
183 Marsh Wall
WHAT TAX IS PAID ON BOND INTEREST PAYMENTS?
Payments of interest to individual investors will be made after deducting tax equivalent to the UK basic rate of Income Tax (currently 20%) which we pay to HM Revenue & Customs. The exception to this requirement is where interest is paid to investors who hold bonds within an IFISA, in which case interest can be paid without deduction of tax. However it remains your responsibility to declare any interest paid and account for any additional tax that may be due to the appropriate tax authorities.
IS MY INVESTMENT SECURED?
Secured lending on property is not risk-free. There is a risk that if the underlying borrower defaults, or if there is a delay in realising the asset, then the security may not be sold for enough to cover the loan or may result in delayed repayment of investors’ money.