Assetz celebrates £1bn milestone with 1% cashback offer

To celebrate the milestone the lender, which offers commercial mortgages and business loans, has launched a new 1% cashback offer for existing and new investors who invest new funds via the platform before midnight on 5th April 2020.

Investors who keep these funds invested until midnight on 6th March 2021 will then receive 1% cashback on the eligible funds.

Stuart Law, CEO and founder of Assetz Capital, said: “Peer-to-peer lending – having started out as a financial initiative by the Government to help address the huge shortfall in business lending – has now grown to become one of the most viable forms of alternative finance in the UK. In the seven years that we’ve been operating, we’ve continued to see low interest rates and insufficient business lending from the banks, and there are no signs of this changing any time soon. Our peer-to-peer model will continue to support economic growth through UK businesses and housebuilders in 2020 and beyond, and our new 1% cashback offer will provide a welcome boost to our investors looking for a fairer return on their investments.

“What separates us, and other successful lenders, from those who haven’t succeeded over the years, is the deep lending and business experience of our team – we don’t do tick box lending, nor lend by computer algorithms, but instead lend through career-long, real-world experience to sound borrowers.

“Having funded around 1 in 100 new homes built last year and supported many thousands of jobs, we have firmly established ourselves as one of most successful providers of much needed income for investors as well as being a much-needed funder of growing businesses and in turn the UK economy.”