Property ‘boom’ benefits P2P player

Published on

peertopeer

A new peer-to-peer lender has piggybacked on the UK’s rising house prices, it has claimed.

LendInvest provides loans to small and medium sized businesses (SMEs) which are secured against the value of their commercial and residential property holdings.

Since forming in May 2013 LendInvest has seen its customer base grow as consumers take advantage of increasing property values.

The recent property boom which has returned UK house prices to post 2008-highs have given increasing numbers of small businesses the confidence to take out loans, resulting in greater demand for P2P loans.

Residential house prices are at their highest level since 2008 after 7% growth in the last year and they are expected to continue to climb in 2014.

Until recently, P2P lenders have traditionally provided unsecured loans to clients based on the value of their business; LendInvest provides short-term bridging loans.

Christian Faes, co-founder of LendInvest, said: “Property secured P2P lending is completely new to the world of finance and the rise in property prices has helped drive interest from SMEs.

“We expect the surge of SME interest to continue to flourish in 2014 but for the market LendInvest represents much more than that. We are creating a completely new asset class – a trusted and secure alternative to investment funds.

“Our transparent approach, low fees and willingness to provide loans – particularly compared to traditional banks – is what makes this form of finance so compelling.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Market Harborough cuts rates on larger residential loans

Market Harborough Building Society has reduced rates on its larger loan products by as...

Shawbrook promotes Apollonio to lead retail mortgage sales

Shawbrook has promoted Louise Apollonio to sales and distribution director for retail mortgages, as...

Clydesdale Bank raises fixed mortgage rates across core and specialist ranges

Clydesdale Bank is set to raise a range of fixed mortgage rates from Monday,...

Growth in online auctions reshaping UK property market

The UK property auction market is being rapidly transformed by digital platforms, with record...

Mount Street appoints new head of HR to lead global people strategy

Mount Street Group has appointed Fatima Badini as head of human resources, with a...

Latest publication

Other news

Market Harborough cuts rates on larger residential loans

Market Harborough Building Society has reduced rates on its larger loan products by as...

Discount Market Value: a local solution for a national housing challenge

The UK housing market is under constant scrutiny, especially when it comes to bolstering...

Shawbrook promotes Apollonio to lead retail mortgage sales

Shawbrook has promoted Louise Apollonio to sales and distribution director for retail mortgages, as...