Post by BlendNetwork on Mar 2, 2018 13:27:34 GMT
Hello P2P Independent Forumers 
Have you heard of Blend Network? We launched in January 2018 and we’ve already lent around £1.5M.
While we are not reinventing the P2P lending wheel, we certainly are offering a different, and we believe better, product. Our returns sit right at the top-end of the P2P lending marketplace and we lend in high-growth, high-yield pockets of the UK property market outside London.
The reality is that most property lenders pulled out in places such as Northern Ireland after the 2008 financial crisis and many haven’t gone back yet, but paradoxically Northern Ireland is one of the fastest growing UK property markets. For many small developers in those markets, getting access to finance is still no walk in the park. The UK government has ambitious plans to build more homes to tackle the housing crisis and SME developers have the flexibility and the desire to build on brownfield sites, to redevelop derelict buildings and to maximise the potential of property which may no longer be viable for commercial use. If we are to deliver the increases in the number of homes the country needs, we need to find a way of getting smaller companies building again. This is Blend Network’s sweet spot: lending to SME developers with a strong track record and expertise.
What’s our edge?
1. Access to niche markets: Most people out there focus in the London market due to its convenience. We aim to focus in less crowded markets outside London that are outperforming not only the London market but also the average UK market. According to the recent RICS UK Residential Market Survey Report the outlook for Northern Ireland is considerably more positive than in some other UK regions, with prices rising, a growing number of potential new buyers active in the market, robust demand and overall stronger sentiment.
2. High returns: Our focus in high-growth, high-yield pockets of the UK property market outside London enables us to return up to 15% return p.a. - right at the top-end of the P2P lending marketplace. Our average returns offered for the 7 loans since launch is 12.14% p.a.
3. Strong due diligence and credit risk assessment: We pride ourselves by the strength of our due diligence process. Borrowers are double-vetted by both Blend Network’s Credit Committee and a sponsor before being listed on the Blend Network platform. Our Credit Committee is chaired by senior banker Charles Lamplugh who has 35 years of experience successfully winning and running corporate relationships for Lloyds Banking Group. In addition, Blend Network loans are only made against first charge on the security as well as personal guarantee from the developer.
Too good? We’ve got even more for you... To celebrate our new membership at P2P Independent Forum we have an exciting offer for you all. Any new lender who registers on the platform and lends during March 2018 will get a 1% cashback of their first loan amount. Follow us on LinkedIn and register today on www.BlendNetwork.com See T&Cs below.
Your capital is at risk if you lend to businesses.
P2P lending is not covered by the Financial Services Compensation Scheme. Investments are illiquid (the inability to sell assets quickly or without substantial loss in value).
Lend with Blend
Offer only available on lending between the 1st and the 31st March. The 1% will be deposited in your account within 30 working days of their first loan. Minimum lending is £1,000. No maximum.
Blend Loan Network Limited is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (FRN. 574048)
Have you heard of Blend Network? We launched in January 2018 and we’ve already lent around £1.5M.
While we are not reinventing the P2P lending wheel, we certainly are offering a different, and we believe better, product. Our returns sit right at the top-end of the P2P lending marketplace and we lend in high-growth, high-yield pockets of the UK property market outside London.
The reality is that most property lenders pulled out in places such as Northern Ireland after the 2008 financial crisis and many haven’t gone back yet, but paradoxically Northern Ireland is one of the fastest growing UK property markets. For many small developers in those markets, getting access to finance is still no walk in the park. The UK government has ambitious plans to build more homes to tackle the housing crisis and SME developers have the flexibility and the desire to build on brownfield sites, to redevelop derelict buildings and to maximise the potential of property which may no longer be viable for commercial use. If we are to deliver the increases in the number of homes the country needs, we need to find a way of getting smaller companies building again. This is Blend Network’s sweet spot: lending to SME developers with a strong track record and expertise.
What’s our edge?
1. Access to niche markets: Most people out there focus in the London market due to its convenience. We aim to focus in less crowded markets outside London that are outperforming not only the London market but also the average UK market. According to the recent RICS UK Residential Market Survey Report the outlook for Northern Ireland is considerably more positive than in some other UK regions, with prices rising, a growing number of potential new buyers active in the market, robust demand and overall stronger sentiment.
2. High returns: Our focus in high-growth, high-yield pockets of the UK property market outside London enables us to return up to 15% return p.a. - right at the top-end of the P2P lending marketplace. Our average returns offered for the 7 loans since launch is 12.14% p.a.
3. Strong due diligence and credit risk assessment: We pride ourselves by the strength of our due diligence process. Borrowers are double-vetted by both Blend Network’s Credit Committee and a sponsor before being listed on the Blend Network platform. Our Credit Committee is chaired by senior banker Charles Lamplugh who has 35 years of experience successfully winning and running corporate relationships for Lloyds Banking Group. In addition, Blend Network loans are only made against first charge on the security as well as personal guarantee from the developer.
Too good? We’ve got even more for you... To celebrate our new membership at P2P Independent Forum we have an exciting offer for you all. Any new lender who registers on the platform and lends during March 2018 will get a 1% cashback of their first loan amount. Follow us on LinkedIn and register today on www.BlendNetwork.com See T&Cs below.
Your capital is at risk if you lend to businesses.
P2P lending is not covered by the Financial Services Compensation Scheme. Investments are illiquid (the inability to sell assets quickly or without substantial loss in value).
Lend with Blend
Offer only available on lending between the 1st and the 31st March. The 1% will be deposited in your account within 30 working days of their first loan. Minimum lending is £1,000. No maximum.
Blend Loan Network Limited is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (FRN. 574048)
