Rebuildingsociety resumed lending in December
Rebuildingsociety resumed lending in December following a slow November.
The peer-to-peer lending platform added three new loans onto its platform and funded two in December worth around £105,000 in total, after conducting no lending and offering no new investment opportunities on its primary market in November.
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Last month Rebuildingsociety received £32,536 in capital repayments and £25,693 in interest payments on loans and recovered £649 from a default. This represented a monthly drop from £40,673 in capital repayments, £28,201 in interest payments and £4,846 in recoveries in November.
The platform said it had no new defaults and no new refactors of loans in December, the same as the previous month.
Rebuildingsociety now has £1.9m in total on loan to small- and medium-sized enterprises, of which 18.6 per cent is currently in default, down from 20.27 per cent in November.
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“We keep a rolling 12-month return figure to track profits over the last year; this month’s performance brings that to 7.44 per cent,” Rebuildingsociety said in a blog on its website.
“We also track the net return rate for the lifetime of the company; this figure remains fairly consistent and currently sits at 6.1 per cent net return per year.
“To put the figure in context, in December 2020, the lifetime average net return rate was 5.93 per cent. In December 2019, it was 6.72 per cent.”