P2P Lending Could Boost UK Housing - L&G


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The Telegraph reports analysis from L&G that effectively advocates the use of alternative funding to boost the property market.

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The article, by personal finance editor Richard Dyson, looks at peer-to-peer (P2P) property-backed lending:

"An L&G survey of 1,000 people found 27pc would consider funding house purchases by other people's children. Of those, 39pc wanted to be rewarded through a repayment of the loan with interest....

...Stephen Smith, director of L&G Housing Partnerships, suggested 'helpers' could be matched with borrowers through independent organisations, in a similar way to how peer-to-peer lending platforms operate."

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At Money&Co., we facilitate P2P lending, but the asset backing comes in the form of a floating charge on the assets of our borrower small companies. This can include property, but also extends to plant and machinery and other assets.

The average gross return achieved by Money&Co lenders is just over 9.1 per cent. For more on P2P lending via Money&Co., click here.



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Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.