There was a time when all commercial property lending was almost exclusively in the hands of banks, large insurance companies and pension funds, and they made good secure returns quietly lending their investors’ money to borrowers.
How times have changed. Since technology got more sophisticated and a lot cheaper, new lending business models emerged in the form of Peer to Peer (P2P) lenders. This new breed of ‘marketplace lenders’ is now a force to be reckoned with and in the UK alone the P2P market has grown massively since the first platform launched in 2005. In fact approximately £5bn has been lent since then.
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