P2P lender Saving Stream reaches £250m milestone

Ryan Bembridge

January 17, 2017

household finances during pandemic

Peer-to-peer lending platform Saving Stream has raised £250m in capital from property investors since its launch in 2012.

The platform, which is owned by bridging and development finance provider Lendy Finance, provides loans up to 70% loan-to-value and has attracted 13,000 registered users.

The amount invested has increased by £150m to £250m in the last 12 months, with investors making an annual return of up to 12%.

Liam Brooke, co-founder of Saving Stream, says: “Getting to a quarter of a billion pounds is a major milestone for Saving Stream.

“While we have benefited a lot from the post Brexit reduction in lending from the mainstream banks, we are also attracting new business on the back of our growing reputation for innovative and secure lending and investing.

“We’re delighted to have started the year on such a positive note, after a highly successful year in 2016.

“There is a huge and growing demand for lending from developers who need access to speedier, more personalised finance than traditional lenders can offer. We’re proud to have enabled so many important property developments and generated such excellent returns for investors.”

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