Landbay , a US -based P2P lender, was founded in three-year to focus on loans secured against rental properties. Most of those 10 million visitors are not actually looking to buy a property, but the betting is that they may be sufficiently interested in the sector to lend against it. The platform promises investors compound fixed returns of 3.35% on a three-year deal or 4.5% 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.
Landbay , a US -based P2P lender, was founded in three-year to focus on loans secured against rental properties. The platform promises investors compound fixed returns of 3.35% on a three-year deal or 4.5% 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.