LTV (loan to value) or LGV loan to gross development value

Investors beware, you need to look at what the loan criteria is. The summary screen showing all available loans has a misleading header saying LTV/security. You need to open up the loan itself to see to actual criteria. a LTV loan is based on the current value. A LGV loan is based on a future completed value. If you only want to invest in loans with fully covered security don't invest in LGV loans, I was caught out with another P2P lender where the builder went into administration and the actual current value was way below the loan and thus lost most of my investment.