Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_687049846
March 16 2020

LandlordInvest reassures investors amid spike in secondary market activity

Marc Shoffman Industry News, News, Top 3 coronavirus, LandlordInvest, secondary market

LandlordInvest has reassured investors about the health of its loans amid an increase in secondary market activity.

The peer-to-peer property lender said a handful of lenders have been contributing to increased activity on the secondary market.

It comes amid concerns regarding the coronavirus pandemic, which the platform said it is monitoring.

Read more: P2P platforms vow to help SMEs amid coronavirus concerns

Read more: SME lenders: Coronavirus could be worse than financial crisis

“LandlordInvest’s services will continue as usual and we do not foresee any significant disruptions to our service level going forward,” a note to investors from LandlordInvest said.

“We are closely monitoring the situation and we will provide further updates if required

“We note that there is increased activity on the secondary market although there has not been any changes to the underlying loans or loan security.

“We also note that only a handful of investors account for the vast majority of the activity.

“We anticipate that some borrowers may request forbearance and it will be treated on a case-by-case basis subject to the particular borrower’s loan servicing history and others in line with our regulatory responsibilities and industry standards.”

The coronavirus pandemic and fear of the virus played a part in a huge drop in the FTSE earlier this week, which platforms reassured investors did not affect them.

Funding Circle praised for coronavirus response as pandemic deepens Leave it to the experts

Related Posts

Woman putting coins on stack with holding money, Concept business, finance, money saving and investment

Industry News, News, Property, Top 3

CapitalStackers reaches £100m investment milestone

Businessman separates the wooden puzzle with a picture of money. The concept of financial management and distribution of funds. Saving and investing. Property division. Legal services.

Industry News, News, Top 3

Treasury launches £120m London Capital & Finance redress scheme

Business team greeting and finishing up a meeting, Two Business handshake of collaboration after discussing in team good deal of Trading contract for both companies, Finance, accounting, investment

Industry News, News, Top 3

Starling Bank ready to acquire a lending business

Popular posts:

  • Metro Bank starts offering RateSetter loans in its branches
  • Business Loan Network appoints administrators
  • Assetz Capital launches new bridging product
  • Funding Circle chief turns down £190,000 pay rise
  • PwC brings fintechs together for collaboration
  • FCA director says “there is more change to come”
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by