Axwell Park

Property-based Loans

Wellesley advertising attracts new borrower who are regenerating a historic landmark in Axwell Park.

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New Combatant in the Buy-to-Let Space

Property-based Loans

By AltFi - for the original article, click here

A new peer-to-peer marketplace for buy-to-let mortgages is nearing lift off.

Self-styled as a direct competitor to LendInvest, LandlordInvest will facilitate residential buy-to-let and bridging loans ranging from £30k to £300k in size. The newly launched platform is advertising a return of between 5% and 10% per annum and a “personalised service”. The minimum investment amount is £100. The platform's bridging loans carry a maximum term of 18 months.

The company website advertises four foundational advantages: security in the form of British property, a fast and simple application process...

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Wellesley Helps Build High End Houses

Property-based Loans

This is an ongoing development loan.

We found Wellesley & Co. online when we were searching for funding. We telephoned and were immediately put through to a Director that helped us with our enquiry and explained the process by which we are now at. We were granted a development loan in the region of £2 million over one year to build five high specification houses with unique views over both the Dorset coast and rolling hills. The expected finish date is August 2015 and our exit strategy is the sale of plots on completion.

Why we picked Wellesley:

Wellesley simply picked us. Wellesley looked at our ability to build, saw our vision and recogni...

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Trading Begins on Proplend’s Secondary Market

Property-based Loans

Commercial property focused lender Proplend has cut the red ribbon on its secondary market – the Proplend Loan Exchange (PLE).

Proplend is selling investment into the PLE as a means for accessing instant returns. Formerly the sole method of investing into the Proplend platform was to channel funds into a project listed in the “In Funding” section of the site. The problem with this course of action is that lenders will not begin earning interest on their money until the loan has been fully funded and drawn down by the borrower. Loans listed on Proplend’s secondary market, however, are already delivering interest payments to lenders – th...

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Wellesley Jumps Ahead on P2P ISAs

Property-based Loans

By AltFi – for the original article, click here.

Secured lender Wellesley & Co. has just unveiled the world’s first ISA-eligible peer-to-peer investment opportunity.

In March 2014, Chancellor George Osborne confirmed that peer-to-peer investments would be opened up to the ISA market. Nearly a year later, the mechanics of the P2P ISA are yet to be settled upon. Many prominent figures within the industry have voiced their support for a third ISA type – created specifically for the purpose of peer-to-peer investment. But now Wellesley & Co. has seized the initiative.

The rapidly growing platform has launched an asset-backed, listed bond which may b...

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The UK’s First Comprehensive Buy-To-Let Index

Property-based Loans

The world’s foremost peer-to-peer property lending platform – LendInvest – has just unveiled the most thorough Buy-To-Let index in the UK.

The now-monthly new index provides a detailed snapshot of the UK BTL market. Using over a million data points – supplied by Zoopla and the UK Land Registry –the index offers granular insight into a range of pertinent issues within the Buy-To-Let market. We’ve reeled off a few of its findings below:

The average rental yield from BTL property is currently 5.9%pa for a 1 bedroom property, compared with a 4.6%pa rental yield for a 3 bedroom property.The average capital gain for BTL property, over the ... Read more »

New Partnership to Open Up Property Lending Product

Property-based Loans

Up-and-coming peer-to-business lending platform FundingKnight is expanding its range of products – moving into the sector’s hottest space.

FundingKnight has partnered up with Alternative Bridging Corporation (ABC) in order to provide short-term first and second charge loans for its users. Those loans will range from £100,000 to £500,000 in size. The partnership will allow the FundingKnight platform to take advantage of ABC’s unique depth of knowledge and experience within the property finance space. ABC will layer its ability of assess, secure and manage bridging loans from drawdown to repayment on top of the standard ...

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Game-Changer in the Property Crowdfunding Space?

Property-based Loans

A newly launched equity crowdfunding platform – Property Moose – will allow individuals to invest in real estate for as little as £500.

As seems to be the case with an increasing number of platforms, Property Moose raised money via Crowdcube earlier this year. The new equity platform smashed a £60,000 target with 104 investors uniting to raise £169,010 for 16.9% equity in just 11 days. The largest individual portion of that amount was a £50,000 contribution.

Property Moose operates within the FCA's new crowdfunding rules and already has its first few properties listed online. The platform claims to simplify the...

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