Landbay Q&A Session With CEO John Goodhall
As of December 5th, 2019, Landbay no longer offers retail peer to peer lending. New investors will no longer be accepted and existing investors will see their funds returned to their accounts. You can read my full Landbay summary here.
I had invested through Landbay since June 2015 from the time they closed their doors to retail investors later. I visited Landbay and asked CEO John Goodhall questions submitted by Financial Thing readers. John followed the Q&A by taking me on an office tour.
Landbay has big bank institutional support after agreeing to receive £1bn in finance funding to increase its loan book. Landbay also offered some of the lower interest returns in peer to peer lending but was for good reason. The interest rate matched the low investment risk. When Landbay closed its doors, it paid back all retail investors in full.
Here are the reader-submitted questions John Goodhall and I discussed:
- Where is the UK property market heading?
- How is Landbay’s positioned to handle Brexit?
- Is Landbay a profitable company?
- How are lender demand and borrower supply addressed and balanced?
- How are Landbay investors protected?
- How does Landbay ensure property valuations are sensible and accurate?
- How risky is investing through Landbay?
- What are the benefits of low return rate peer to peer lending?
- What is the biggest challenge Landbay faces?
- How has Landbay used prior challenges to improve?
- What is next for Landbay? (future innovations and products etc.)
I’ve always appreciated how John Goodhall and his team open their doors for me and the transparency and perspective John offers on the peer to peer lending industry.
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** This page is for information purposes only. This information is not financial advice and has been prepared without taking your objectives, financial situation or needs into account. You should consider its appropriateness for your circumstances. All investing carries risks. Opinions expressed in this review are opinions based on my own personal experiences. The FSCS does not cover peer to peer lending and your capital is at risk. Please don’t invest more than you can afford to lose. **