Hi everyone I hope you are all keeping well.
Within the U.K. because there is a withdrawal of funding by the banks for development finance for the smaller builders.Peer to peer is starting to fill this gap.
In the U.K. one platform which lends to this type of financing is www.wellesley.co.uk based in London.This is a welcome edition to the other peer to peer and crowdfunding sites that can be found on www.nonbanklending.co.uk .
This type of finance is growing fast and as long as it is managed successfully will inevitably take business from the large banks one by one.Although the large banks do not seem to want this type of financing in the long term they will eventually erode their customer base.
The world of finance is changing fast and will not ever be as it was before.
Happy and successful investing to you all,
Christopher.
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