UK-based peer-to-peer lending platform Assetz Capital announced last week it has joined the panel of mortgage packager specialist Positive Lending. This news comes just days after the online lender reached a record number of loans available to investors using its Manual Lending Account (MLA), with well over 200 live loans with loan parts available for immediate investment on the secondary market.
Founded in 2008, Positive Lending shared that it provides customer outcomes and genuine value to financial intermediaries. The company reported it has arranged more than £1 billion in transactions and helped thousands of intermediaries and their clients to find the loan outcome suited for them. It was revealed:
“We strongly believe that using a specialist property finance broker is necessary for specialist property finance needs, it results in a better customer journey and financial product procured.”
Speaking about the new partnership, Assetz Capital Director and Head of Intermediary Sales of Assetz Capital, Damien Druce, reportedly stated:
“Our position on Positive Lending’s panel will open a host of new funding avenues for commercial mortgage intermediaries and their borrowers, and we have already seen the fruits of this partnership being borne, with one loan completed and another two in the pipeline. We look forward to building on these successes.”
Positive Lending CEO, Paul McGonigle, added:
“I look forward to working with Damien and the team for many years to come.”