The UK lending landscape continues to evolve as participants seek to continue their growth and keep up with changing regulations. Some Peer2Peer lenders are pivoting to become challenger banks with full deposit taking licences. Others are pulling back from certain sectors to concentrate on their strengths, and individual investors are being undermined as institutional money floods into the sector.

We continue to follow a policy of striking the right balance between minimising risk, whilst growing our portfolio for the benefit of an increasing group of individual investors. We value a sensible and transparent approach, and only deal with people whom we trust and understand.

We also like to make a difference to local people and businesses in realising their ambitions. We are proud to have committed over £15m to businesses that make a difference with housing of all shapes and sizes, medical care facilities, a social club, a forestry retreat, a leisure park in a quarry, two pubs, holiday accommodation and a hotel.

Regulation – FCA: We went through an entirely voluntary, and onerous process of becoming regulated by the FCA as we wanted to be able to make certain bridging loans and we wanted to have high levels of control. After one year of being regulated we have just completed our first regulated transaction to help the completion of an investment property. FCA rules amongst other things, govern our capital adequacy. We are pleased to say that as of our last submissions in January we had capital three times greater than the regulatory capital requirement.

Welcome to our new Finance Manager: To help us with our regulatory and finance requirements as we expand we are pleased to announce the appointment of our Financial Manager Harry Dawson. Harry is a Member of the Institute of Chartered Accountants in England and Wales and previously Head of Finance at Michelmores LLP.

GDPR – a Major Update of the 1998 Data Protection Act: We are pleased to report we have completed our GDPR compliance testing successfully. We will always treat your personal details with the utmost care and will never sell them to other companies for marketing purposes. All information provided by you will be treated securely and confidentially.