Zoopla has launched its new ‘Invest’ channel which offers consumers and would-be property investors the opportunity to gain exposure to the UK property market from £100.
It is the latest step for Zoopla as it transforms from being only a property portal to a multi-faceted, one-stop property resource for consumers.
The new channel on the Zoopla website includes a peer-to-peer lending solution in partnership with Landbay, where anyone can invest from as little as £100 in buy-to-let mortgages, described as statistically the lowest risk form of peer-to-peer lending.
In addition, the new channel includes a tax-efficient online Property ISA in partnership with Bricklane, allowing savers to invest from £100 to own a stake in a UK property.
Alex Chesterman, CEO of Zoopla, said: “Property investment has never been available to the masses before in this way, and for those looking to get on to the property ladder or saving towards a property purchase, the ability to ensure that their investments keep pace with the property market is essential.”
Landbay is an FCA regulated investment vehicle that harnesses peer-to-peer technology to give investors access to UK rental property.
It connects investors with experienced buy-to-let landlords, providing a competitive loan to the landlord secured against the property, in return for attractive and predictable returns for the investor.
The idea is that by cutting out the banks, both get a better deal.
Zoopla does point out that while Landbay is authorised and regulated, peer-to-peer lending is not, meaning that investors’ capital is at risk. Interest rates received are described as up to 3.99%.
Whatever your thoughts of this company, they are executing fast – and shifting the market at pace.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
It has dawned on me that the only two property related companies that have the cash and brand to really make things happen quickly are Z and RM.
Shame Z cannot find a way to work with AM as this unified force may even bother RM?
Mmm…What if?
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register