Bhouse.io
Bitcoin backed real-estate loan
allowing you to borrow more than your bitcoin holdings
buy a property without selling your bitcoins!
Traditional Mortgages
With most mortgages, you need to put down a deposit upfront for your property.
Bitcoin as collateral
Instead, we will require 75% of the principle amount you’d like to borrow in Bitcoin as collateral at the time the loan is opened.
How much can I borrow?
We offer a loan equal to 100% of the value of the real estate (LTV ratio = 100%). The property is also accepted as collateral like standard mortgages.
Regulatory Environment
Bhouse Financial Services LLP is incorporated in the UK (OC441824). We are in the process of applying to the FCA Regulatory Sandbox to test this innovative proposition. We will first address our product to sophisticated and high-net-worth investors according to the definition provided by the FCA handbook.
Registered Office: Shoreditch Exchange, Senna Building, Gorsuch Pl, London E2 8JF, United Kingdom.
Registered Office: Shoreditch Exchange, Senna Building, Gorsuch Pl, London E2 8JF, United Kingdom.
What happens to my Bitcoin?
Option 1: Bitcoin are held in an FCA Registered insured custody. Option 2: Bitcoin will be locked on the blockchain with a hashlock. There's no rehypothecation of your collateral: we don't lend it out.
What happens if the Bitcoin price fluctuates?
If the Bitcoin price increases and your holdings are greater than 200% of the LTV ratio for over 90 days, we will unlock the excess in Bitcoin down 150% of the LTV.
If the Bitcoin price decreases and the holdings reaches 30% of the LTV it will trigger a margin call. If this occurs you may add Bitcoin to your position. Your Bitcoin position will be liquidated if your holding reaches 20% of the LTV ratio, the terms of your mortgage will then change with a lower LTV ratio around 80%.
If the Bitcoin price decreases and the holdings reaches 30% of the LTV it will trigger a margin call. If this occurs you may add Bitcoin to your position. Your Bitcoin position will be liquidated if your holding reaches 20% of the LTV ratio, the terms of your mortgage will then change with a lower LTV ratio around 80%.
When will you return the Bitcoin?
At the termination of the loan unless your Bitcoin has been liquidated.
Benefit from the potential price appreciation of both assets: Bitcoin and the Real Estate
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Bhouse.io
