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Folk2folk


Folk2Folk is a peer-to-peer lending platform for business loans that are secured against UK land or property. Investors can choose from 2 different term lengths; the 'Rolling loan' which has a 6 months minimum commitment – then rolling, or 'Fixed' which ranges from 1-year to 5-year terms.

With all investment terms, customers can exit early by offering their loan for sale via the platform's Marketplace (after 6 months from initial investment). There are no fees to enter into a Folk2Folk loan. A MarketPlace Listing Fee of £250 is charged. There is a MarketPlace Success Fee of 0.5% (less the listing fee) should investors be successful in selling their loan parts.

  • Back business loans secured against UK land or property
  • 6 months to 5 year terms
  • There are no fees to invest in a Folk2folk loan
  • SIPP available

* correct as of 27/09/2018


Invest Now Borrow up to £5,000,000

Products


Rolling Investment

Min investment
£20,000.00
Estimated return
6.5%

This product requires a minimum investment of £20,000 whilst returning 6.5% per annum with a minimum term of 6 months. After 6 months, the lender can continue investing into this product for up to 5 years. The Max LTV is 60%.

Fixed Investment

Min investment
£20,000.00
Estimated return
6.5%

This product is IFISA eligible and requires a minimum investment of £20,000 whilst returning 6.5% per annum. Fixed terms are annual commitments ranging from 1 year to 5 years. The Max LTV is 60%.

Lenders have the option of extending their loan for up to 5 years only if the borrower wishes to extend the loan. If the borrower chooses to repay the loan early, lenders will receive 3 months' notice as well as an additional 3 months of interest payments.

Rolling Loan

Min investment
£50,000.00
Estimated return
N/A

The minimum loan amount is £50,000 with no upper limit. There is a minimum term of 6 months with the option to extend the loan for up to 5 years. Interest is charged at 6.5% per annum with a maximum LTV of 60%.

There is a 2% initial arrangement fee, a 1% annual arrangement fee and any legal costs and disbursements applicable.

Borrowers must give a redemption notice of 3 months, which will incur a legal administration charge of £250 + VAT. There is no early repayment administration charge and a partial drawdown is available.

Fixed Loan

Min investment
£50,000.00
Estimated return
N/A

The minimum loan amount is £50,000 with no upper limit. Fixed terms are annual commitments ranging from 1 year to 5 years. Interest is charged at 6.5% per annum with a maximum LTV of 60%. Loans can be extended for a maximum combined duration of 5 years.

There is a 1% annual arrangement fee and any legal costs and disbursements applicable.

For loan terms from 1 to 2 years, a 2% initial arrangement fee is applicable.

For loan terms from 3 to 5 years, a 1.5% initial arrangement fee is applicable.

Borrowers must give a redemption notice of 3 months, which will incur a legal administration charge of £250 + VAT. An early repayment administration charge of £250 + VAT will incur, plus an additional 3 months of interest payments to the lender.


Disclaimer

The statistics are generated from data we have collected. We can not guarantee that there are no errors, omissions or inaccuracies.

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