The peer-to-peer property industry has grown by leaps and bounds over the past few years. But what do platforms such as ourselves offer to borrowers that they can’t get from high-street banks?

There are a multitude of reasons that could influence a borrower’s decision to go for the ‘alternative lending platform’ (which honestly is becoming more mainstream and less alternative).

Below are a few reasons why peer-to-peer lending can be a better option for property loans.

Better value than banks

By cutting away a layer of costs, P2P delivers better value. Our margins are lower than the banks. We also look at client requirements that the banks reject and provided they stack up, we’ll provide the funding.

Shorter turnaround time

We have a flat management structure and the Credit Committee meets regularly to consider detailed loan proposals. Borrowers register online and our due diligence is sensible, not excessive.

Flexible transaction size

Some banks have minimum loan amounts that don’t provide what borrowers need. We lend from £200,000 upwards.

Lower monitoring costs

We monitor developments using Quantity Surveyors. But this is not excessive and we often use lower-cost professionals than the banks and we don’t feel the need to make site visits as often as the banks do.

Value relationships

We value long term relationships and repeat borrowers. We like to get to know our borrowers and meet face to face. We always visit the subject property and talk the deal through in a friendly informal way.

So if you want to know what Relendex can do for you, why not get in touch with us today!