Industry News

Lendy announces the launch of its new P2P bond product

P2P Bond
Lily Bridgwood
Written by Lily Bridgwood

Lendy, formerly Saving Stream, Europe’s leading peer to peer secured lending platform, has announced the launch of its new fixed term P2P bond products.

Lendy says that proceeds of subscriptions of the Saving Stream bond will be used to make bridging and development loans to property developers and purchasers through the Lendy platform.

Lendy adds that subscribers to the bond will have the opportunity to earn up to 7% interest per annum, paid in quarterly instalments.

The bond can be purchased by individual investors, as well as companies, and charities subject to approval.

Subscribers to the P2P bond can invest a minimum of £5,000 in the initial application. Lendy aims to raise up to£100m from subscriptions to the bond.

Lendy explains that the p2p platform allows users to make loans against secured UK property to finance both commercial and residential property. Through the platform individual investors have to choose the projects they wish to fund.

However, with the Saving Stream P2P bond this step is carried out for investors by the experienced team at Lendy. The bond will invest in a diversified portfolio of property developments as selected by Lendy. Investments chosen for the bond [will include a mixture of residential and commercial property developments, a diverse range of property values and will be diversified across the country.]

Lendy says that all loan amounts available on the platform never exceed 70% Loan to Value (LTV), and are subject to a high level of due diligence. For those investing in the bond, there is an additional benefit of another layer of due diligence which happens when the team selects the different loans to go in the bond.

Liam Brooke, Co-founder of Lendy comments: “The bond product is ideal for those looking to invest in residential or commercial property developments but don’t necessarily have the time to pick specific loans through the platform.”

“We’re one of the only P2P lenders with a bond product that offers investors such high returns on investment.”

“The property market can be a great investment, but investors won’t necessarily want to take on the risk of holding an asset themselves, or have the time to research and choose projects to lend to.”

“Our P2P bond is designed to take the hassle out of investing in this sector, whilst also offering strong returns.”

“Each project on the platform has undergone rigorous due diligence by our highly qualified team at Lendy, and the projects selected for the bond will be specifically selected to ensure a diverse portfolio.”

Please visit Lendy to find out more information on their bond opportunities. Your Capital is At Risk. 


Lendy Background

Alternative finance providers, such as peer to peer and other crowdfunding platforms, are increasingly stepping into the gap created by traditional banks’ withdrawal. They are giving developers the opportunity to get their projects off the ground in a sensible timeframe.

Peer to peer lending is beneficial for investors, as well as developers, and people are increasingly turning to peer to peer in order to obtain a better yield from their investments in the current low interest rate environment.

Lendy is Europe’s leading peer to peer secured lenders, providing property finance and development loans via its borrowers’ service. Since it was founded in 2012, it has grown to over 15,900 registered users. Investors on its peer to peer investment platform, have received a total of £23.5 million in interest. Since inception, more than £306 million of funds have been provided for UK property investments.

About the author

Lily Bridgwood

Lily Bridgwood

Lily is the Partnerships Associate at OFF3R. She has previous work experience in both the corporate and start-up environments. She joined the OFF3R team in October having recently graduated with First-Class Honours in International Business from the University of Edinburgh.