NEWS & SPEAKERS
In our news section, read articles and blog posts from our past speakers and from West London Property Networking members.
Peer-to-peer lending (P2P) – sometimes referred to as crowdfunding – is not quite as old as the century, but has already shown that it’s a compelling proposition for borrowers and lenders alike and therefore a hot topic.
P2P took off in the UK with the launch of Zopa in 2004, offering loans to individuals, and was shortly joined by business lending specialist Funding Circle. While these remain the two best-known operations in the market, the sector mushroomed in the wake of the financial crisis, driven by a combination of banks’ restricting lending – a credit crunch that keeps on crunching for many – and the rapid development of the underlying financial technology that has enabled the efficient matching of lender and borrower, and the tracking of their loans.
“The UK online alternative finance industry market volume grew by 35% year-on-year to reach £6.19 billion in 2017,” according to The Cambridge Centre for Alternative Finance in their last full-year figures (2017) – that’s almost ten-fold the £667m in 2013 (P2P grows quicker than its analysts can gather data on it, it seems). Globally, it’s expected to be worth $898bn by 2024. Not exactly ‘alternative’ finance.
Jackie Tomes of Tomes Homes says ‘I bang on so much about the difference between a Strategy & a Business Model… so I thought it was time I brought ours to life!’
We buy blocks of flats. Exclusively.
Why do we do that?
For us it is the right Balance of Risk vs. Reward.
We buy existing blocks of flats, we don’t do the conversion.
Some blocks we buy in good condition and they are let from day one that we purchase them, others are in poor condition and we complete a full refurbishment before they are let.
– If it’s the former, we are able to be on buy-to-let style finance from day-1, which greatly reduces the risk when compared with a conversion or development opportunity
– if it’s the latter, the refurbishment works are purely cosmetic so they are quick – so you can get onto a low interest rate, long term finance product within 3-6 months of purchase.
The main aim of Property and Real Estate SEO is to show search engines that you are the most trusted source of information to answer in an authoritative way to questions related to properties in your area of expertise. First things first: a website needs to work...
Residential and commercial property solicitor Kuljit Ghalan of Acton law firm LDN Conveyancing Ltd sets out the available option to extend the lease for leaseholders. Lease extensions under the statutory procedure Under the Leasehold Reform and Urban Development Act...
Ever wondered why the best-laid plans for refurbishment projects never quite go to plan? Have you ever taken on a project and thought you can manage the build team yourself? Even with the very best project managing skills and build team on board, carrying out property...
Leasehold ownership is almost exclusive to England and Wales. A lease usually lasts for a term of 99 or 125 years, and leases are a diminishing asset reducing in value as the lease gets shorter over time. This means that the shorter the term remaining, the less the...
What a better start to the West London Property Networking blog than an interview to its founder: Pelin Martin? Pelin is a Property Manager and the owner of Blue Crystal Property Management. Actually, she defines herself as a "Property Mother", as she's been called by...