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MITIGATING RISK
Innovative insurance products
THE ALLURE OF BRICKS AND MORTAR
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How property came to dominate P2P
Sourced’s Derek Pratt talks to P2PFN >> 8
ISSUE 73 | SEPTEMBER 2022
P2P property lending nears £5bn PEER-TO-PEER property lenders have lent out almost £5bn to date, exclusive new research from Peer2Peer Finance News has revealed. Among the 23 P2P property platforms currently operating in the UK, just over £4.865bn in cumulative lending had been reported by August 2022. The largest lenders are Assetz Capital, which has loaned £1.5bn to date; and property bridging and development lender Sancus, which has loaned £1bn. Assetz Capital has returned more than £200m to investors in interest payments alone, since it was established in 2012. “Assetz continues to play a significant and indeed growing contribution to the UK small- and medium-sized (SME) housebuilder sector,” said Andrew Charnley, managing director of Assetz Capital. “Our success to date and what underpins our future ambitions, is our deep knowledge of the
UK market, the depth of experience which our colleagues have and the close working relationships with both our customers and wider stakeholders. “Whilst the next 12 to 18 months will certainly provide challenges, Assetz will continue to provide high levels of support and funding to the sector in order to ensure that regional housebuilders are able to not only meet demand for new housing but also support the communities in which they work and sustain a wide range of trades. In so doing, we directly
contribute to UK Plc.” Folk2Folk has a total loanbook value of just over £500m, with more than half of this - £275m - going to fund UK properties. Four property platforms have recently passed the £200m loanbook milestone: CrowdProperty, SoMo, Kuflink and CapitalRise. These four platforms are all in scale-up mode at present, with CrowdProperty recently expanding into the Australian market, and Kuflink aiming to double the size of its loanbook within the
next 12 months. Another three platforms are hot on their heels. Invest & Fund has lent out £196m to date, while Downing Crowd has arranged £182m of debt facilities. Over the past 10 years, alternative property lenders have helped thousands of SME housebuilders, landlords and homeowners carry out billions of pounds worth of improvements, renovations and new builds. CrowdProperty – the fourth largest property lender with a cumulative loanbook of £241.7m – has estimated that >> 4