Invest & Fund has repaid over £100m to its lenders and reaffirmed its commitment to the peer-to-peer lending sector following Zopa’s announcement of its P2P exit.
Invest & Fund chairman Robert Burgess and his team have reiterated their commitment to bringing residential development funding expertise to the sector and said they will welcome any Zopa investors who are searching for a new platform.
Burgess has overseen six senior experienced specialist hires that will support the P2P property lending platform’s growth trajectory.
He said that Invest & Fund sailed through Covid without any defaults and now investors are seeing the benefits through the funding of over 330 homes at an average loan yield of between 6.75 per cent and 7.5 per cent.
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“We, as the residential development funding experts, welcome lenders who no longer have access to this attractive asset class – come and talk to us!” Invest & Fund said.