Assetz Exchange expects 350pc bump in investor deposits
Assetz Exchange, the sister company of UK’s largest peer-to-peer lender Assetz Capital, expects investor deposits to increase by 350 per cent this year, following a 220 per cent jump in the last two years.
The crowdfunding property investment platform, which mainly works through the purchase and leasing of housing with social impact, has provided 60 units to vulnerable people to date.
It has a further pipeline of 150 to 200 units, worth approximately £30m, to be delivered this year.
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Assetz Exchange, lead by managing director Peter Read, sits alongside Assetz Capital, which allows private and institutional investors to lend money to small businesses and property developers. This year, Assetz Capital is forecast to complete another £1bn of lending.
Assetz Exchange was launched in 2019 to give retail investors a platform to invest in buy-to-let property and housebuilding projects. Investments are made through a loan to a company that owns the property, which can include multi-year, government funded leases with charities and corporates.
Net yield on investments featured on the platform’s website range from 5.24 per cent to 5.72 per cent.
According to an update in February this year, there are 40,500 retail lenders registered on both platforms.
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