November 2017 Summary Peer To Peer Secured Loans & Development Finance Stats
November 2017 summary and monthly statistics can be seen below for our peer to peer and development loans.
|Development and Bridging Data||2015||2016||YTD 2017||Cumulative @ 30/11/17|
|Actual default rates||11.1%||20.8%||16.7%||17.6%||*See note below|
|No of loans completed||9||31||76||116|
|Total value of loans completed||£2,312,074||£16,095,000||£26,594,700||£45,001,774|
|Average loan period (months)||11||11||8||9|
|Average loan size||£256,897||£519,194||£349,930||£387,946|
|No of loans due to be redeemed||9||24||18||51|
|No of loans redeemed on time||8||17||11||36||70.6%|
|No of loans redeemed late||0||5||0||5||9.8%|
|No of loans in default||1||2||7||10||19.6%|
*Note- Actual default rates based on redeemed loans with an 8 week tolerance threshold.
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