Investors ready to put more money into P2P lending
Investors are ready to pile money into peer-to-peer lending but are just waiting for the vaccine rollout and job security to bring certainty back to the market, research claims.
An investor survey by P2P property lending platform The House Crowd found 80 per cent had funds ready to invest.
Half said they were holding cash while waiting for the pandemic to clear.
When asked what levels of investment they had available, more than 65 per cent said they had £10,000 and 45 per cent had £20,000 or more to invest.
Just 17 per cent of respondents felt negatively about investing from January 2021 onwards.
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“As we stand with our feet planted on the bottom rung of the 2021 ladder, it’s tough to know exactly how this year is going to pan out for the property market and P2P investing scene,” The House Crowd said in a blog post.
“It’s quite remarkable really when you think about how well the property market has performed over such an extraordinary year that we’ve just witnessed.
“Now with the rollout of a mass vaccination programme and the possibility that restrictions may begin to be lifted by mid-February, there is at last a beacon of light, and a route to an eagerly awaited economic rehabilitation at the end of what has been a very dark and depressing tunnel.”
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