October 2017 Summary Peer To Peer Secured Loans & Development Finance Stats
October 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 @ 31/10/17|
|Actual default rates||11.1%||25.0%||21.4%||21.3%||*See note below|
|No of loans completed||9||31||62||102|
|Total value of loans completed||£2,312,074||£16,095,000||£21,759,700||£40,166,774|
|Average loan period (months)||11||11||8||9|
|Average loan size||£256,897||£519,194||£350,963||£393,792|
|No of loans due to be redeemed||9||24||14||47|
|No of loans redeemed on time||8||18||11||37||78.7%|
|No of loans redeemed late||0||4||0||4||8.5%|
|No of loans in default||1||2||3||6||12.8%|
*Note- Actual default rates based on redeemed loans with an 8 week tolerance threshold.
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