The House Crowd extends higher interest rate incentive

The House Crowd has increased its annual target return to eight per cent for an extended period.

The limited offer had previously expired on 31 July but has now been extended until 14 August as not everyone was able to make an investment in time, the peer-to-peer property lender said.

“We had a surge of interest in our special promotional offer,” The House Crowd said in an email to investors.

“Unfortunately not everybody was able to make their investment prior to the 31 July deadline.

“We have decided therefore to extend the offer until 14 August to give everybody chance to participate.”

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Any qualifying investment made before that date will received an uplifted target return of eight per cent per year, after which it will return to seven per cent.

It is available in its standard investment product, the auto-invest option or through its Innovative Finance ISA.

In contrast, bridging P2P lender Kuflink offers rates of up to 7.2 per cent, CrowdProperty investors can earn up to eight per cent by backing development finance and buy-to-let focused LandlordInvest offers annual rates of five to 12 per cent.

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