Financial Thing Investing Essentials Podcast EP009 Part 1
Guests: Liam Brooke (Director) & Paul Riddell (Head of Marketing and Communications) – Lendy
Category: Property Peer to Peer Lending
Lendy was one of the most popular peer to peer companies offering property bridging and development loans where lenders can earn up to 1% per month. Unfortunately, Lendy investors suffered losses when Lendy failed due to poor loan offerings followed by allegations of fraud.
I was very disappointed when Lendy failed. Remember all investments carry risk so don’t invest more than you can afford to lose and be sure to diversify.
You can read my full Lendy failure summary here.
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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. **