Assetz Capital - Now in the top 4 of P2P lenders in 'The Spears 500'

The mortgage finance company, which began in 1998 and grew to represent the interests of approximately 40,000 UK buy-to-let investors. Indeed, Law was named in 2012 as one of the Top 25 most influential people in property by The Daily Telegraph.

In the twelve months leading up to June 2016, £47 million flowed through the platform, earning investors £5.7 million in interest and helping to finance 111 British businesses. The company has continued to innovate, launching a Quick Access Account (QAA) last October that by August of this year had attracted £32 million of net inward lender capital investments and had paid out £83 million of immediately serviced redemption requests.

This was followed by a new account product, the 30-Day Access Account. Law believes Brexit ‘will create big opportunities for P2P platforms as bank interest rates on business loans are likely to rise — making banks less competitive — and their lending volumes are reduced and at the same time banks are likely to lower their savings account rates even further as base rate falls, as expected.’ Nonetheless, Law aims to increase partnerships with banks over the coming year, building on the success of Assetz Capital’s partnership with RBS, whereby the bank refers businesses that it is unable to finance itself.

- January 24, 2017