P2P Lending Platform Blend Network Investor Says Housing or Real Estate is Really Important to UK Economy and for Financial Well-Being
The team at Mix network, an online peer-to-peer (P2P) platform for real estate lending, recently shared comments and feedback from one of their lenders.
UK-based Blend Network notes that one platform lender (investor), “Maria”, has spent most of her career in executive positions, focusing on the financial services sector, mostly mortgages, for the past 15 years. In the summer of 2019, Maria decided to go into business for herself and has since worked as a consultant and non-executive consultant for various banking institutions and building societies.
She noted that she was fairly new to the “whole investment thing”. Maria stated that she grew up in Glasgow and Newcastle and that her family didn’t really talk about money issues. She also mentioned that after 15 years in the banking sector, she has only recently started thinking more about money management.
She has long-term savings accounts for her children and a fixed-term investment in bonds. She also has her own account, which she opened about 15 years ago. Then she started investing in peer-to-peer real estate (P2P) loans at Blend Network. This was the first time she had “had to make the investment herself,” remarked Maria.
Maria told the Blend Network team:
“I heard about P2P real estate lending in the financial press and at various events I met people who have invested. I actually saw you (Roxana) speak at the Women In Finance summit and we talked afterwards. You talked about the fact that women tend to save but not invest … “
“My experience with opening the account for the other products I have, stocks and shares of ISA, has been that it was actually very difficult to navigate, very difficult to know what to set up, part of the language and the terminology was really technical and written almost like you were a very seasoned investor. ”
Maria further noted that figuring out how these investments actually work, or work, if you are unfamiliar with these technical words and terminology can be difficult. She also mentioned that she was interested in P2P real estate lending and was interested in Blend Network, “the fact that you were investing in affordable housing”.
“Housing is really important to our economy and the nation’s financial well-being, and to owning your own property … [can be] Really big deal to be financially secure and financially independent and create wealth that you can then leave to your children. What I found at Blend Network is that I knew real estate was always a good investment in the long run because it was backed by real estate and I was comfortable with it. “
Maria claims the Blend Network platform is easy to use as it is easy to register and set up. She affirmed that investing “always involves risk and that you should only invest what you are comfortable with.”
As recently reported, the Blend Network team said they remain focused on financing “highly liquid” properties in “very strong pockets” of the UK property market. They claim they had a “very strong” fourth quarter, having “funded £ 2,990,000 in the final quarter of 2020 and repaid £ 194,557.08 to our lenders in the fourth quarter”.
In an interview with Crowdfund Insider in October 2020 Roxana Mohammadian-Molina, CSO at Blend Network, noted:
“Peer-to-peer real estate (P2P) loans are a very accessible way to invest in real estate. It is a tool that anyone can use to invest in home secured loans. In our case, anyone can invest from as little as £ 1,000. P2P real estate lending originally emerged as a way to democratize investment, as it enables a wide range of investors, wealthy investors, family offices, institutional investors, and retail investors to jointly invest in real estate-secured loans. In this way, individuals with only a few thousand pounds to spend can join sophisticated investors in a syndicated loan. “
In another interview with CI in August 2020 Yann Murciano, Blend Network CEO stated:
“After P2P real estate loans emerged as a so-called ‘alternative investment product’ only a decade ago, one can rightly say that P2P real estate loans have now consolidated as an independent asset class with a loyal investor base. but also the flexibility that this product offers, slowly but surely being wooed. “