FOLK2FOLK Increases Rates & Doubles Down on Commitment to Retail Investors
FOLK2FOLK has doubled down on its commitment to retail investors in the wake of Assetz Capital’s departure from the retail market.
Funded by both retail and Institutional investors, FOLK2FOLK has facilitated the investment of £589.5m into rural and regional businesses. Headquartered in Cornwall, the company is the largest peer to peer lending platform in the UK, serving borrowers and investors across England, Scotland, Wales and Northern Ireland.
In an online invitation issued to retail investors by managing director, Roy Warren, via the company blog, FOLK2FOLK reaffirms its promise to provide retail investors with a home. This commitment is supported by new appointments into the investor relationship team and a recruitment drive into its loan origination team to feed investor appetite.
In addition, FOLK2FOLK has increased its long held fixed rate of 6.5% p.a. to a range spanning from 7.5% p.a. up to around 9.5% p.a. to ensure its offering remains attractively priced for investors. All FOLK2FOLK loans are secured against land or property at a maximum LTV of 60% and it currently retains its track record of zero capital losses for investors.
To further enhance their investor offering, FOLK2FOLK have also invested in a new Investor Portal as part of the company’s new loan management system. The new Portal will enable investors to manage all aspects of their investing themselves online. Currently undergoing customer testing, the Portal is anticipated to be launched this quarter.
Roy Warren, managing director of FOLK2FOLK said: “I’m proud to say we’re still open for business to retail investors. With property-backed deals offering fixed returns of up to around 9.5% p.a. I believe we have a great offering, particularly with our IFISA, and we can fulfil a unique role within a wider investment portfolio.
“I openly invite investors who are looking for a new investment home, and who have £20,000 or more to invest, to contact me or our investor team to find out more about what we can offer – we’d be very happy to have you.”
