On Friday, Assetz Capital announced it has reached a record number of loans available to investors using our Manual Lending Account (MLA), with well over 200 live loans with loan parts available for immediate investment on the secondary market. According to the online lender, the MLA allows hands-on investors to build a diversified portfolio of hand-picked loans that suit their personal investment preferences.
Assetz Capital reported it also offers both access and automatic diversification accounts. The company also noted that it always maintained a manual lending option and the size of its current loan book makes this a more attractive proposition than ever before.
“As the lender nears the £0.5 billion lent figure, we are continuing to explore how we can best serve our investors through our range of investment accounts – but we have committed to always wanting to offer a competitive manual investment option.”
While speaking about the latest milestone, CEO of Assetz Capital, Stuart Law, stated:
“The hands-on investors that use the MLA remain very important to us, and we will always strive to be the best platform in the market to offer manual lending. Having this level of loans available for immediate investment on the secondary market has been our objective for some time, and it is great to have reached this level now. We have additional plans to bring further improvements to this account to help simplify how investors can review and choose which loans to manually invest in.”
Law then added:
“We’ve achieved this milestone partially as a result of now having around £250m of loans and cash on the platform, net of redemptions and amortisations to date. The number of loans that we have available indicates how quickly investors can build their own personalised, diverse portfolio. With our platform being the only large one to offer an ISA-wrapper for manual lending, there’s never been a better time to use the MLA.”