Lendy breaks monthly loan repayment record

Lendy breaks monthly loan repayment record

Lendy recovered £20m in loan repayments in October, breaking all previous records.

The month saw repayments on peer-to-peer (P2P) loans on three caravan parks in Christchurch which totalled £7.6m and a Manchester mill of 1.35m.

September 2016 was the previous record figure to beat at £14.5m.

Liam Brooke, co-founder of Lendy, said: “We are committed to having the best recovery processes in the P2P industry, to help protect investors’ hard-earned investments.

“This has been our best monthly performance to date, but we’re not stopping there. Our ambition is to be the most trusted P2P platform in the sector.”