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LandlordInvest secondary market passes £1m in completed sales

13 March 2018
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LandlordInvest Limited ('LandlordInvest' or the 'Company')

LandlordInvest.com, a fully FCA authorised peer-to-peer lending platform and a HM Revenue & Customs approved ISA manager has completed more than £1,000,000 in secondary market sales on its secondary market.

LandlordInvest’s secondary market enables investors to offer eligible loans or loan parts for sale to other investors. This provides investors with the possibility to access all or part of an investment’s principal before that loan reaches maturity.

In total*, 1,393 secondary market sales have been completed** with a total value of £1,016,453. The average sale amount was £730 with the highest being £50,000 and the lowest being £100.

The number of unique sellers was 86 and the number of unique buyers was 150.

* 12 March 2018
** Where a loan part has been offered with partial sales enabled, each partial sale was counted.

LandlordInvest launched the secondary market in May 2017.

Joe Vallender, LandlordInvest’s Chief Technology Officer: “We launched the secondary market in May 2017 and found it to be popular immediately, and we’re pleased to see this activity continue. LandlordInvest’s investors may wish to access their capital mid loan term and an active secondary market increases the chance they may do so.”

- Ends –

Further information:

LandlordInvest Limited

Filip Karadaghi, Chief Executive
Tel: +44 (0)207 406 1491
filip@landlordinvest.com

Nikolajs Smirnovs, Chief Financial Officer
Tel: +44 (0)207 406 1491
nik@landlordinvest.com

Notes to Editors

What is LandlordInvest Limited?

LandlordInvest is a fully FCA authorised secured peer-to-peer lending platform and an ISA manager within the fast-growing peer-to-peer lending industry. We provide a marketplace where lenders can earn higher returns, than lending through other peer-to-peer lending platforms, by lending to borrowers that have difficulties obtaining financing from high street lenders. Secured lending means that all our loans are always secured by property.

Our customers are:

  • Borrowers - professional landlords that are looking to borrow £30,000-£750,000 up to 5 years on a buy-to-let basis. They would also be able to raise short-term financing, bridging loans with a maximum term of 18 months.
  • Lenders - Anyone that has at least £100 to lend will be able lend. We aim to offer lenders risk adjusted returns between 5%-12% per annum.

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Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

LandlordInvest Limited is authorised and regulated by the Financial Conduct Authority (FCA) (FRN 660926). LandlordInvest Limited is not covered by the Financial Services Compensation Scheme (FSCS).

Loans provided to borrowers through LandlordInvest are provided solely for business purposes. Loans are therefore not regulated by the Financial Services and Markets Act 2000 or the Consumer Credit Act 1974. You should seek independent legal advice if you are in any doubt as to the consequences of the loan not being a regulated agreement under those Acts.

LandlordInvest Limited (Company No. 09245725), registered office 330 High Holborn, London, WC2A 1HL

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