As part of its business lending, Assetz Capital has been a key supporter of the UK housing market, funding a total of 4,846 new homes since its inception. In fact, the firm funded the construction of 1 in every 100 new homes built in the UK last year, the entirety of the growth in new housing starts. In Scotland alone, Assetz Capital has funded over 90 SMEs, as well as the construction of more than 250 new homes.

Assetz Capital funds its property secured loans through a growing network of more than 38,000 retail and institutional investors, who have earned more than £109m of total gross interest on their investments to date. In addition, around half of the £1bn of lending to date has already been repaid on time by borrowers, thus allowing further lending on new loans to support further economic growth.

Investors can earn target gross interest rates of up to 5.75% in automated investment accounts. Alongside large numbers of retail investors, banks and investment funds also count amongst the investor base who are capitalising upon Assetz’s attractive interest rate returns whilst also delivering much needed finance to the UK’s small and medium sized businesses.

Having reached its last milestone of £500m of lending in June 2018, Assetz has doubled its lending again in just the last 20 months through exceptional demand from businesses and housebuilders alike who are being let down by the banking system.

In September 2019, the company placed 53rd on The Sunday Times’ Tech Track 100 league table for the second consecutive year, having achieved an annual sales rise of 85.77% over three years.

In addition to development finance for house builders, Assetz Capital also offers commercial mortgages and bridging loans and has funded most types of business including substantial support for the manufacturing, services, care home and student accommodation sectors.

In January, the company announced that £100m had been invested through its tax-free Innovative Finance ISA (IFISA) accounts, of which there are currently 5,000. According to the latest findings from HMRC’s Individual Savings Account Statistics (April 2019), Assetz Capital held 23% of the total £366m held in all UK IFISAs at that time.

Stuart Law, CEO and founder of Assetz Capital, said:“Peer to peer lending – having started out as a financial initiative by the Government to help address the huge shortfall in business lending – has now grown to become one of the most viable forms of alternative finance in the UK. In the seven years that we’ve been operating, we’ve continued to see low interest rates and insufficient business lending from the banks, and there are no signs of this changing any time soon. Our peer-to-peer model will continue to support economic growth through UK businesses and housebuilders in 2020 and beyond.

“What separates us, and other successful lenders, from those who haven’t succeeded over the years, is the deep lending and business experience of our team – we don’t do tick box lending, nor lend by computer algorithms, but instead lend through career-long, real-world experience to sound borrowers.

“Having funded around 1 in 100 new homes built last year and supported many thousands of jobs, we have firmly established ourselves as one of most successful providers of much needed income for investors as well as being a much-needed funder of growing businesses and in turn the UK economy.”