November 8 2019

Average LandlordInvest LTV and rates drop as it passes £8m lending milestone

LANDLORDINVEST’S latest loanbook update has suggested the platform has shifted to a slightly lower risk profile.

The peer-to-peer buy-to-let lender has revealed its loanbook data for the period from 9 March 2017 to 7 November 2019.

It shows it has passed £8m of lending, but the average loan-to-value for borrowers and interest rates earned by investors have fallen.

The platform’s data shows the average loan-to-value (LTV) is 63.1 per cent and the typical interest rate is 10.74 per cent.

The average LTV has dropped slightly compared with last year.

An update in May 2018 showed its average LTV was 64.6 per cent and investors typically earned 12.9 per cent.

Investors have funded £8.7m of loans, £6.7m of capital has been repaid alongside £671,794 of interest.

The update also shows there has been £2.3m of secondary market sales on the platform.

Of 45 loans in the book, 29 have been repaid, 13 are still live and are shown as “performing,” while three are overdue.