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BridgeCrowd updates website
Peer-to-peer bridging lending company The BridgeCrowd have revamped their website and logo. The updated website has a greatly improved customer experience with the ability for lenders to view and interact with their loans. For lenders that have not yet signed-up to The BridgeCrowd yet, the P2P money website is running an exclusive cashback offer of £250 for new lenders who invest a minimum of £5000.
P2P secured bridging lender, the BridgeCrowd (www.thebridgecrowd.com), has recently updated its website and added a host of new features. This comes at a time where the company has seen remarkable growth over the past 18 months as it continues to occupy a strong space in the 2nd charge bridging arena.
The company offers a return of 1% per month to investors secured by loans over UK property. Investors choose their own loans to enter. To date over £60,000,000 in capital and interest has been returned successfully to investors.
The new features include a fully online view of the current live and historic loan book, a loan performance update system and an investor E-Wallet through which investors can invest capital into loans and manage their account and interest.
Louis Alexander, MD, commented that a key to the success of the BridgeCrowd has been the trust placed in it from the investors; “our investors have shown a great appetite and commitment to the company. We wanted to reward that loyalty by making the company more transparent and the best way to do this was to have a fully online loan book and an account that investors can manage online.”
The investors are also happy about the recent updates as well. Simon Thompson, an investor since the company was formed in 2013 commented that “the new features have made investing in the BridgeCrowd (www.thebridgecrowd.com) much simpler and easier to manage. The company has always shown great returns, and we will now look to increase our investments into the P2P loans offered throughout the platform.”
Luke Roughly, CTO, stated that one of the goals of the new features was to enable the company to scale up its lending by accepting more investors into its platform and giving them simple manageable tools to view and interact with their loans. Since the new website went live, we have seen more and more investors join the company and committing funds into the loans.
The BridgeCrowd occupies a broad space in the bridging industry offering loans up to 70% LTV on 1st charges and 68% on 2nd charges across residential owner occupied and BTL properties as well 60% LTV on land and commercial properties. Louis Alexander feels that the company have worked hard since the birth of this concept to deliver strong returns for investors based on secured bridging loans over property and that hard work has paid off with recognition and recommendations coming from various sectors of the financial community. With the new website and confidence from investors the BridgeCrowd, like Great Britain, is open for business!
The old logo is shown below.