Assetz Capital offers 1% cashback deal
Assetz Capital is celebrating its £1bn lending milestone by offering 1% cashback for its investors.
The cashback offer applies to existing investors as well as new investors who invest funds via the platform before 5 April 2020.
The firm funds its property secured loans through a network of over 38,000 retail and institutional investors.
Assetz Capital chief executive and founder, Stuart Law, said: “Peer to peer lending – having started out as a financial initiative by the government to help address the huge shortfall in business lending – has now grown to become one of the most viable forms of alternative finance in the UK.
“In the seven years that we’ve been operating, we’ve continued to see low interest rates and insufficient business lending from the banks, and there are no signs of this changing any time soon.
“What separates us, and other successful lenders, from those who haven’t succeeded over the years, is the deep lending and business experience of our team – we don’t do tick box lending, nor lend by computer algorithms, but instead lend through career-long, real-world experience to sound borrowers.
“Having funded around 1 in 100 new homes built last year and supported many thousands of jobs, we have firmly established ourselves as one of most successful providers of much needed income for investors as well as being a much-needed funder of growing businesses and in turn the UK economy.”