Assetz Capital hits manual lending milestone

By Emily Nicolle on Friday 6 April 2018

Alternative Lending

The peer-to-peer lender has reached a record number of loans available to investors on its Manual Lending account platform.

Assetz Capital has today announced it now has more than 200 loans live on its platform for investors using its Manual Lending Account (MLA), all with loan parts available for immediate investment on the secondary market.

Assetz’ MLA allows hands-on investors to build their own diversified portfolio to suit their personal investment preferences. While Assetz also offers both access and automatic diversification accounts, its MLA has proved a mainstay of the peer-to-peer lender’s suite.

“The hands-on investors that use the MLA remain very important to us, and we will always strive to be the best platform in the market to offer manual lending,” said Assetz CEO Stuart Law.

“Having this level of loans available for immediate investment on the secondary market has been our objective for some time, and it is great to have reached this level now. We have additional plans to bring further improvements to this account to help simplify how investors can review and choose which loans to manually invest in.”

The company is nearing its next milestone of a £500m total lent to borrowers, and currently has more than 100,000 registered private investors signed up to its platform. The MLA was also recently added to Assetz’ suite of products which can be included in its Innovative Finance ISA, which as ISA season is brought to a close, will surely have had some bolstering effect on today’s news.

“We’ve achieved this milestone partially as a result of now having around £250m of loans and cash on the platform, net of redemptions and amortisations to date. The number of loans that we have available indicates how quickly investors can build their own personalised, diverse portfolio.”

 

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