You are here: Home - Specialist Lending - Bridging -

Lendy returns £1.5m repayment to P2P investors

  • 11/09/2018
  • 0
Lendy returns £1.5m repayment to P2P investors
Peer-to-peer lending platform Lendy has returned around £1.5m to investors following a loan secured on residential build in Lancashire.


The development loan was used to fund building a home on half an acre of cleared land in New Longton, five miles from Preston city centre.

A small portion of the loan was used to refinance an existing debt on the site itself.

It has a loan to Gross Development Value (GDV) of 59% with an interest rate paid to investors of 12%. The borrower has successfully refinanced this loan with another lender.

Lendy has repaid 20 loans in full this year which, together with partial repayments, has meant over £39m has been repaid to investors.

Lendy’s 21,800 investors have earned over £43.3m in interest since 2012, against £413m that has been invested.

Liam Brooke, CEO of Lendy, said this adds to the more than £10m repaid to investors over the previous three months.

He said: “We have invested heavily in our due diligence processes in the last year to make sure we can source more of this kind of high-yielding loan for our investors that have a sensible balance of risk and reward.

“High-yielding loans obviously carry risk with them but can provide an important performance boost to a diversified portfolio.

“This represents a great start to September for Lendy, following on from our Financial Conduct Authority authorisation in July.”

There are 0 Comment(s)

You may also be interested in


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.


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:
UK economic growth
Brokers must warn landlords when they chase risky yield – Faulkner

The trend for landlords, particularly from London and the South East, to seek greater yields in regional cities and towns...