LANDLORDINVEST, a peer-to-peer lending platform for residential and commercial real estate mortgages, has published its entire loan book to mark its one-year anniversary.
The loan book contains details about every loan completed through LandlordInvest’s platform since its inception, including average loan size, loan term, loan-to-value (LTV) and interest rates.
It reveals that LandlordInvest lent a total of £2.7m between December 2016 and December 2017, with an average loan amount of £210,535.
The average loan term was 7.6 months, the average LTV was 63.7 per cent and the average annual gross return to investors was 11.1 per cent.
No capital losses or defaults occurred during the period.
Members of the Peer-to-Peer Finance Association already have to publish their loan book data as part of the self-regulated trade body’s rules, but other P2P firms such as LandlordInvest are not obligated to do so.
Filip Karadaghi, LandlordInvest’s chief executive, said it was publishing its loan book “in the spirit of P2P lending and transparency”.
He said it would allow investors and borrowers to make informed decisions when investing or borrowing through the platform.
“The loan book shows that investors on LandlordInvest’s lending platform have since inception, on average, earned returns that outperform both the stock market, bonds and house prices,” Karadaghi added.
The platform intends to update its loan book on a monthly basis initially.
It recently said it expects its IFISA intake to double this tax year from £419,385 to around £1m.