A boutique commercial loan brokerage based in the City of London is launching its own peer-to-peer lending platform and an assurance bond service, which will be open to all P2P lenders.
Charter HCP – which counts former Lendy head of originations Terry Pritchard as a director – will launch its P2P platform in March, while the assurance policy is set to be rolled out within the next few weeks. News of the launch was first reported by Mortgage Introducer.
The assurance policy will cover 80 per cent of its clients’ investments, and the scheme will be available to all P2P lenders via Charter HCP.
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“We still believe P2P is a very credible way of raising money and we will have the procedures to ensure it is run in a very robust manner, while offering investor capital protection by way of the assurance policy,” Adam Burshan, lead analyst at Charter HCP, told Peer2Peer Finance News.
The new P2P venture is expected to focus on development finance and Charter HCP will conduct its own underwriting in-house.