You are here: Home - Specialist Lending - Bridging -

Lendy plans product expansion with full FCA authorisation

by:
  • 11/07/2018
  • 0
Lendy plans product expansion with full FCA authorisation
Peer-to-peer platform Lendy has received its full authorisation from the Financial Conduct Authority (FCA).

 

Earlier this week the lender announced it has facilitated more than £400m in lending since its launch in 2012 and has 21,500 registered investors.

Lendy said it would continue with its existing investments but the new mandate would allow it to look to innovate new products and services in line with its full FCA permissions.

Liam Brooke, CEO of Lendy, said the firm was very pleased to have been given full authorisation by the FCA.

“It has been a long and sometimes challenging journey, which has involved a detailed review of our processes and policies and has helped us mature into a stronger and more robust business,” he said.

“This is a validation of our efforts to move from a young start-up to an established mainstream lender, with the ability to disrupt the banking model for the benefit of clients, and design new investment products and services.”

He added that bridging and development loans through sources such as Lendy were critical to tackling the UK’s housing shortfall, with house building now at its lowest rate since the second world war.

There are 0 Comment(s)

You may also be interested in

Bridging

Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.

Commercial

Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
Landlord's keys
Minimum tenancy periods: ‘Reward landlords with tax relief for offering longer terms’ – Marketwatch

The government wants tenancy agreements to be drawn up on a three-year minimum agreement, according to its latest consultation.

Close