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

Commonhold reform: Devil in the detail

The government's language on leasehold reform remains forthright. Ministers speak of, “bringing the feudal...

TMG reports record monthly MetLife submissions

TMG recorded its highest monthly submission volume with MetLife, exceeding its previous record by...

Leek raises earned income age limit to 75

Leek Building Society has introduced eight lending criteria changes covering income, contractors, later-life borrowing...

Coventry cuts residential and buy-to-let rates

Coventry for intermediaries has reduced selected residential and buy-to-let mortgage rates for new and...

Rely cuts buy-to-let rates by up to 25bps

Rely has reduced rates by up to 25 basis points across a range of...

Latest publication

Other news

Commonhold reform: Devil in the detail

The government's language on leasehold reform remains forthright. Ministers speak of, “bringing the feudal...

TMG reports record monthly MetLife submissions

TMG recorded its highest monthly submission volume with MetLife, exceeding its previous record by...

Leek raises earned income age limit to 75

Leek Building Society has introduced eight lending criteria changes covering income, contractors, later-life borrowing...