Record month for Zopa

Published on

Giles-Andrews-zopa

Zopa lent £250m to UK borrowers over the past 12 months.

The peer-to-peer lending platform also reported a record month in October as it lent £27m.

Zopa has now lent a total of £657m with 38% (£250m) of this total being lent in the last 12 months.

Giles Andrews (pictured), Zopa’s CEO and co-founder, said: “We are delighted to have lent a quarter of a billion pounds in 12 months. To put that into perspective Zopa has lent more in the last year than we had lent in seven years of lending from 2005-2012.

“The growth we’re experiencing is testament to our multi-award winning customer service and providing outstanding value to consumers as 97% of our customers would recommend us. The industry growth we’re seeing really goes to show that peer-to-peer lending is fast becoming a mainstream activity.

“Our mission is to always provide great value to our customers by making money simple and fair.”

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

Virgin Money raises selected mortgage rates by up to 75bps

Virgin Money is increasing selected purchase, remortgage, buy-to-let and product transfer rates from Thursday...

Property sector must embrace long-term reform to withstand global shocks, says OPDA

The Open Property Data Association (OPDA) has called on the government to adopt a...

Rent rises hold steady as UK house price growth slows

Private rents across the UK rose at the same annual rate in February, while...

Movera reports rise in completions as expansion gathers pace

Home moving group Movera has reported a sharp increase in activity across its conveyancing...

NatWest begins digital mortgage completions with PEXA rollout

NatWest is now actively transacting on PEXA’s digital property platform, marking a key step...

Latest publication

Other news

Industry pushes to build next generation of home valuers

According to RICS, the average qualified surveyor is in their mid-fifties. Couple this with...

Virgin Money raises selected mortgage rates by up to 75bps

Virgin Money is increasing selected purchase, remortgage, buy-to-let and product transfer rates from Thursday...

Property sector must embrace long-term reform to withstand global shocks, says OPDA

The Open Property Data Association (OPDA) has called on the government to adopt a...