Post by cooling_dude on Feb 1, 2017 15:02:05 GMT
From SS via e-mail....
Also a couple of files - Detailed Annual Review 2016 & Saving Stream Infographic 2016, both to be found in the e-mail
Also a couple of files - Detailed Annual Review 2016 & Saving Stream Infographic 2016, both to be found in the e-mail
Today
2016 has been a landmark year for Saving Stream. Owned and operated by Lendy Ltd, we are now one of Europe's largest and fastest growing peer to peer secured lenders, providing property finance and development loans to a broad range of borrowers and project types.
Saving Stream’s simple and secure model allows our investors to lend funds to property professionals and developers. Since it was launched in 2012, Saving Stream has provided an annualised return of 12%.
Our unrelenting focus on making peer to peer lending as simple and straightforward as possible for everyone has positioned us at the forefront of alternative property finance.
2016: a year of significant growth
Saving Stream reached several major milestones last year. In February, our loan portfolio reached £100m and by the end of the year this figure had more than doubled to £242m. The number of investors is also up, from 5,700 to over 13,000, and continues to expand at an ever increasing rate.
The projects we are writing have continued to grow, with the largest being circa £15m development loan to fund the conversion of Wolverhampton’s iconic Sunbeam motorcycle factory to apartments and a £7.92m bridging loan against a commercial building in Kentish Town, London. This loan completed within 1 week of receiving the enquiry, which has raised our profile in the industry.
We invested in fresh talent too, bringing in new people, including a new Head of Legal and a new Development Finance Director to help our expansion. Our appetite to grow the business through attracting new talent continues in 2017. We have also invested in new technologies to increase capital flows and deal flows. The results of these investments are evident in the increase to our loan book and user base.
2016: our loans
We are known for our fast, simple and transparent online processes. They reduce the amount of time between application and first drawdown from the many months taken by many banks to just a few days with our company. This has allowed Saving Stream to meet the requirements of our clients, providing fast lending decisions and reliable and timely delivery of funds to the borrower.
Saving Stream is involved in a diverse range of loans including commercial projects, office to residential conversion, brownfield sites and new builds. Our loans were on average five times oversubscribed last year, demonstrating the interest and appetite for our projects.
Saving Stream also managed to secure a number of large projects worth over £4m this year; including a £4.7m office to residential conversion in Liverpool and £7.9m for a commercial to residential conversion in Camden. We have also seen 375,000 trades, worth a total of £162m, on our secondary market, where users can buy and sell the loans they hold at no cost per transaction.
2016: who uses us?
We have worked hard on expanding our registered user base by making peer to peer property lending both accessible and appealing to all ages.
Most of our new users who registered in 2016 are aged between 18 – 40 years (49%), a sign that younger people are looking beyond traditional investment products towards more innovative options. Registered users between the ages of 41 – 60 years still represent the bulk of loan volumes (52%) however.
Tomorrow
While 2016 was a high watermark for Saving Stream, 2017 is looking just as positive.
At Saving Stream we will continue to grow our offer, with an on-going commitment to invest in new technologies, services and people. We will also refresh our brand, with a fresh, new look and feel in the early Spring, and strengthen communications with our registered users.
Peer to peer and crowdfunding markets will become more of a focus for the Financial Conduct Authority (FCA), as providers gradually transition to fully-authorised status. This will be great news for our sector, to ensure every platform operates to the highest possible standards.
While Brexit and the election of Donald Trump as US president will create economic uncertainties, it’s likely the property market will remain resilient and stable throughout 2017, with interest rates remaining low, encouraging people to make loans against property.
Saving Stream is therefore very positive about 2017, and the opportunities it will present for property investors and borrowers alike.
Kind regards,
Liam Brooke, Director
2016 has been a landmark year for Saving Stream. Owned and operated by Lendy Ltd, we are now one of Europe's largest and fastest growing peer to peer secured lenders, providing property finance and development loans to a broad range of borrowers and project types.
Saving Stream’s simple and secure model allows our investors to lend funds to property professionals and developers. Since it was launched in 2012, Saving Stream has provided an annualised return of 12%.
Our unrelenting focus on making peer to peer lending as simple and straightforward as possible for everyone has positioned us at the forefront of alternative property finance.
2016: a year of significant growth
Saving Stream reached several major milestones last year. In February, our loan portfolio reached £100m and by the end of the year this figure had more than doubled to £242m. The number of investors is also up, from 5,700 to over 13,000, and continues to expand at an ever increasing rate.
The projects we are writing have continued to grow, with the largest being circa £15m development loan to fund the conversion of Wolverhampton’s iconic Sunbeam motorcycle factory to apartments and a £7.92m bridging loan against a commercial building in Kentish Town, London. This loan completed within 1 week of receiving the enquiry, which has raised our profile in the industry.
We invested in fresh talent too, bringing in new people, including a new Head of Legal and a new Development Finance Director to help our expansion. Our appetite to grow the business through attracting new talent continues in 2017. We have also invested in new technologies to increase capital flows and deal flows. The results of these investments are evident in the increase to our loan book and user base.
2016: our loans
We are known for our fast, simple and transparent online processes. They reduce the amount of time between application and first drawdown from the many months taken by many banks to just a few days with our company. This has allowed Saving Stream to meet the requirements of our clients, providing fast lending decisions and reliable and timely delivery of funds to the borrower.
Saving Stream is involved in a diverse range of loans including commercial projects, office to residential conversion, brownfield sites and new builds. Our loans were on average five times oversubscribed last year, demonstrating the interest and appetite for our projects.
Saving Stream also managed to secure a number of large projects worth over £4m this year; including a £4.7m office to residential conversion in Liverpool and £7.9m for a commercial to residential conversion in Camden. We have also seen 375,000 trades, worth a total of £162m, on our secondary market, where users can buy and sell the loans they hold at no cost per transaction.
2016: who uses us?
We have worked hard on expanding our registered user base by making peer to peer property lending both accessible and appealing to all ages.
Most of our new users who registered in 2016 are aged between 18 – 40 years (49%), a sign that younger people are looking beyond traditional investment products towards more innovative options. Registered users between the ages of 41 – 60 years still represent the bulk of loan volumes (52%) however.
Tomorrow
While 2016 was a high watermark for Saving Stream, 2017 is looking just as positive.
At Saving Stream we will continue to grow our offer, with an on-going commitment to invest in new technologies, services and people. We will also refresh our brand, with a fresh, new look and feel in the early Spring, and strengthen communications with our registered users.
Peer to peer and crowdfunding markets will become more of a focus for the Financial Conduct Authority (FCA), as providers gradually transition to fully-authorised status. This will be great news for our sector, to ensure every platform operates to the highest possible standards.
While Brexit and the election of Donald Trump as US president will create economic uncertainties, it’s likely the property market will remain resilient and stable throughout 2017, with interest rates remaining low, encouraging people to make loans against property.
Saving Stream is therefore very positive about 2017, and the opportunities it will present for property investors and borrowers alike.
Kind regards,
Liam Brooke, Director
