Landbay, a UK-based P2P lender, was founded in 2013 to focus on loans secured against rental properties. The platform promises investors compound fixed returns of 4.5% on a three-year deal or 3.35% above Libor on a floating-rate product, which CEO John Goodall agues are good rates for relatively low risk (compared to some other P2P platforms). But the company has been hit by regulatory issues and is now being investigated by Britain’s Financial Conduct Authority (FCA) over its lending practices.
Landbay, a UK-based P2P lender, was founded in 2013 to focus on loans secured against rental properties. The platform promises investors compound fixed returns of 4.5% on a three-year deal or 3.35% above Libor on a floating-rate product, which CEO John Goodall agues are good rates for relatively low risk (compared to some other P2P platforms). Landbay is able to make loans decisions quickly, usually within 48 hours, bringing an “on demand” aspect to buy-to-let loans.