£21,276,307 loaned through Saving Stream2,339 investors have signed up with Saving Stream since launch
It's QuickSigning up is a very quick and simple process. You can fund your account immediately and start earning 12%pa on your funds within minutes of your first click.
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It's EasyThere are no confusing statistics to continually monitor. Simply sign up, fund your account, choose a loan and you're done, you are earning 12%pa on those funds.
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It's SecureAll loans are secured against property that we secure with a legal charge. If a borrower defaults we sell the property. Max LTV for property is 70%.
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It HelpsAllowing the release of funds from property creates liquidity in the market place. Enabling people to do that securely using your funds can help boost the UK economy.
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How much can I invest?Our minimum investment amount is £100. Our minimum funding amount for any available loan is £100. We do not have a maximum investment amount, but it is sensible to sign up (for free & with no obligation) to check the loans we have available to ensure you don't unnecessarily over-fund your account. Uninvested money held in your account can be withdrawn instantly.
What return can I expect?Any funds that you deposit and then allocate to an available loan will start earning you 12%pa from the moment you click the 'Fund loan' button. This is calculated at a daily rate of 12%/365. You will earn this daily rate of interest for the life of the loan until it is repaid at which point the capital plus interest may be withdrawn or used to fund other available loans.
How long is my money tied up for?Loans terms are typically 6 months, however borrowers can repay the loan at any point. When a loan is repaid, any allocated investor funds + interest are returned to their available balance. Investors then have the option to withdraw funds or fund further loans.
What happens to my money?Saving Stream is a trading name of Lendy Ltd the FCA regulated parent company. Lendy Ltd offers secured property bridging loans to their investors via the Saving Stream platform. Funds that Saving Stream investors deposit with Saving Stream are used to grow our loan book, by allowing us to write new loans to subsequently offer back to investors.
Investors should feel confident that Lendy uses it's own money to part fund the same loans offered to Saving Stream investors.
Where is the risk?All our loans are secured against a borrower's property that we secure with a legal charge. If the borrower fails to repay the loan, we sell the property to repay our savers plus their interest. We only ever lend a maximum of 70% of the value of the property (LTV) ensuring we have plenty of equity in the property.
All property that is used as security is valued by professionally qualified chartered surveyors and indemnified against rogue valuations.
Any funds not on loan are held in our Client Account with Barclays PLC and are kept separate from Lendy's operational funds.
Funds are not covered by the FSCS - Financial Services Compensation Scheme.
What are the fees?Saving Stream does not charge investors any fees or commission on the interest you earn. You keep 100% of the interest. Lendy Ltd does charge fees to borrowers when they take the loan.
What do you loan against?Lendy Ltd makes loans secured against property that we secure with a legal charge. Types of property loans vary from purchases, refinance, development, refurbish, raise capital, commercial property loans. All property that is used as security is valued by professionally qualified chartered surveyors and indemnified against rogue valuations.
How do Saving Stream make money?Lendy Ltd t/a Saving Stream makes its profit from the difference in interest rate that is charged to its borrowers and the rate that it pays it's investors. We typically lend to borrowers at 1.5% - 3% / month and borrow money from investors at 1% a month.
This margin may seem excessive however the overheads of a) finding such borrowers and b) ensuring the security of an asset such as a superyacht are costly and therefore demands this margin.