Sarah Beeny Autumn 2017 - 43

Lendy: broadening ite
rea h th h h roﬁ e
sponsorships like Lendy
Cowes Week 2017

LENDY'S AGILE METHODS AND LOW
OVERHEADS ENABLE IT TO PASS ON THE
MAJORITY OF THE INTEREST CHARGED
TO BORROWERS BACK TO INVESTORS

Meeting borrowers'
needs around the UK

in a struggling
Supporting Team GB
at Wimbledon
housing sector and
be ready to hit the
market, whether
for sale or rental.
The model Lendy
uses also makes it
much faster and
considerably more
exi le than other,
larger lenders.
The bureaucratic
banking middleman is cut out, so
borrowers get lower rates of interest on
their ﬁnance as
lenders operate on
a basic fee basis.
Lendy is able to meet the borrower's
needs in other ways, so as well as
cheaper ﬁnance they ill recei e faster
decisions and reduced red tape, which
can arise with traditional lenders.
It's also now regulated and most of
the P2P big guns put in place stringent
measures to mitigate investment risk,
with detailed and robust credit checking
and discretionary insurance plans,
designed to provide some cover in the
rare event of a loan defaulting.

Why is Lendy so popular
with investors?

Interest on cash savings is depressing at
the moment - around 0.5% - and Lendy
is able to offer investors more than 20
times that amount in return.
Lendy investors can receive up to 12%
per annum on their investments and

interest is paid
monthly - direct
into their bank
accounts. So you
can see why
anyone with cash
to invest may be
tempted by this
way of investing.
The Innovative
Finance ISA
(IFISA) - which could offer investors up
to 6% return a year on their money
- was launched almost a year ago, but
most P2P lending platforms are still
unable to offer it, as they require full
Financial Conduct Authority (FCA)
approval in order to do so. Lendy has
interim FCA approval and will offer the
IFISA when fully approved by the
regulatory body.

How did Lendy start?

Lendy was founded in 2012, by
entrepreneurs Tim Gordon and Liam
Brooke, both with expertise in the
e o
erce and ﬁnancial orlds and
who believed that property investing
and borrowing should be easier,
more accessible and rewarding.
Five years on, it is one of the few
proﬁta le
platfor s hat's partly
because Lendy has taken a cautious
approach to scaling up. It has managed
risk carefully, and strives to strike

All loans made through Lendy's platform are secured on UK property; however, your capital is
at risk should a borrower default. Funds lent through a peer-to-peer website are not covered by
the Financial Services Compensation Scheme (FSCS). Whilst no Lendy investor has been
subject to any loss of capital, past performance is not a guarantee of future performance. Please
obtain independent advice if you are in any doubt as to whether this platform is suitable for you
or if you require tax advice. Please review our risk assessment at lendy.co.uk/risk

the right balance between loan supply
and investment demand.
Lendy's agile methods and low
overheads enable it to pass the majority
of the interest charged to borrowers
back to investors, providing some of the
best risk-to-reward ratio returns on the
market. The average cash ISA at a bank
offers annual returns of 0.74%.
Lendy has also grown dramatically in
those ﬁ e years and no e ploys
people and the platform has over 17,000
registered users. Between them, they
have invested more than £330m, and
earned a total of £28,500m in interest
on loans to help build, buy and restore
thousands of properties across the
length and breadth of the UK.
Lendy is also investing in its service
offerings, and its reach with high-proﬁle
sponsorships like title sponsor of Lendy
Cowes Week in 2017, and support for
Team GB at Wimbledon.
There's no doubt that P2P has now
o ed fro alternati e ﬁnance to the
mainstream. As more platforms secure
full authorisation from the FCA, Lendy
believes that soon, P2P will be seen as a
commonplace asset class for investors
and borrowers alike.

FOR MORE INFORMATION
Visit lendy.co.uk

http://lendy.co.uk http://lendy.co.uk/risk

Table of Contents for the Digital Edition of Sarah Beeny Autumn 2017