Saving Stream head office

P2P development lender rebrands

The brand of investor-facing platform Saving Stream has merged with peer-to-peer (P2P) property lending group Lendy Ltd in a bid to become more accessible to clients.

The announcement follows the recent news that the platform is aiming to treble its property development lending figures this year.

From this week, investors and borrowers will now use the same platform and website for UK property finance and development loans.

As a result, users will be offered opportunities to receive an estimated future gross annual return of up to 12% before tax on loans they make through the new Lendy-branded platform, replacing the Saving Stream brand.

The choice of the Lendy name follows positive feedback from long-term platform users about the existing name.

Commenting on the announcement, Paul Riddell, head of marketing and communications at Lendy Ltd, said that its new branding had brought simplicity to property investment.
“Unifying our lender and borrower brands together under one banner – and on a single online platform – is a step that allows us to streamline our process and make our offering simpler for the entire market.
“Lendy has proven enormously popular with both lenders and borrowers over the past year, with very strong growth in the number of lenders, number and value of loans and the amount we’ve returned to lenders in interest.
“We’re looking forward to Lendy continuing to lead the P2P property finance market by sticking to the simple things that lenders and borrowers want: security, returns and quick decisions.”

Lendy has lent a total of £285m to property developers and investors through the platform, where its 15,000 registered users have received £20m of interest from the loans it has written.

Above picture: Saving Stream's head office in Southsea

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