One-year-old P2P platform publishes loan book

LandlordInvest has announced it has facilitated more than £2.7m of lending through its platform in its first year.

The peer-to-peer lending platform has published it loan book for the period 5th December 2016 to 4th December 2017.

The average amount lent via the platform was £210,535, with the average LTV at 63.7% and an average annual gross return to investors of 11.1%.

The platform stated there had not been any capital losses or defaults during the period.

Since launching in 2016, the company has secured FCA authorisation and become an Innovative Finance Isa manager, as well as securing backing from business angels and property industry heavyweights.

Filip Karadaghi, chief executive of LandlordInvest, said: “In the spirit of the P2P lending and transparency, we now publish our loan book to the public to allow investors and borrowers alike to make informed decisions when either investing or borrowing through

“The loan book shows that investors on LandlordInvest’s lending platform have since inception on average earned returns that outperform both the stock market, bonds and house prices.

“Considering the low returns offered by many Isas – in many instances below the inflation rate – this shows that UK investors have [a] strong, inflation-beating alternative to traditional asset classes in property-backed P2P lending.”

The LandlordInvest loan book is available to view and download on its website and will initially be updated monthly.

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