Tag: Liam Brooke
Lendy has returned £1.46m to peer-to-peer investors on a loan secured on the development of a large detached home near Preston.
Croydon is the UK’s number one hotspot for high-risk mortgage lending, with 463 risky mortgages taken out in the area in 2017, up 11% from 419 the previous year, peer-to-peer secured property lending platform Lendy has found.
Peer-to-peer lending platform Lendy returned a £2.1m loan repayment to P2P investors from a luxury apartment in Chelsea, on an investment made through Lendy.
High-risk mortgage lending of this type fell during the credit crunch.
This is 22 times the highest valued areas outside London and the South East.
The regatta will take place between 29 July and 5 August.
Lendy said the UK property market is the most liquid in Europe, while the plummeting value of sterling since the Brexit vote on June 2016 has made the market even more attractive to foreign investors.
The number of new £1m-plus mortgages written by banks last year increased to 4,844, up from 3,896 in 2015, with the total value rising by 18% over the same period.
It found the value of supermarket property portfolios has fallen by 17% to £37.8bn in just two years.
A reduction in lending by some of the challenger banks and Brexit could be behind the slowdown.