Our lending is secured with a legal charge, and loan amounts do not exceed 70% of the Open Market, valuations are undertaken by independent valuers; however, investors’ capital is at risk should a borrower’s loan become non-performing. This means that in the event of a non-performing loan there should be sufficient equity to allow loan funds to be recouped with the sale of the security. A discretionary Provision Fund is also maintained in case of shortfalls. Since 2013 over 22,000 investors have earned over £46m in interest.
Articles in this section
- Can I authorise someone to operate my Lendy account on my behalf?
- Do the interest rates take into account monthly compounding?
- Is there a schedule for processing cash deposits?
- Why is my account still not activated after already depositing funds?
- How do I sell loanparts?
- What is the pre-funding facility on my account?
- How can I make a withdrawal from my account?
- How do development loans work?
- What do ‘Legal Charge’ and ‘Debenture’ mean?
- What happens to interest when I put a loanpart up for sale?