Please find below our cumulative development and bridging loan statistics. These are due to be updated shortly.
|Development and Bridging Data||2015||2016||2017||2018||2019||Cumulative @ 31/10/19|
|Default rates||11.1%||23.3%||39.8%||13.5%||0.0%||27.1%||*See note below|
|Currently in default||0.0%||6.7%||14.5%||9.6%||10.7%|
|No of loans completed||9||31||88||73||33||233|
|Total value of loans completed||£2,312,074||£16,095,000||£30,747,700||£25,086,000||£17,917,786||£91,758,660|
|Average loan period (months)||11||11||9||9||11||10|
|Average loan size||£256,897||£519,194||£349,406||£343,644||£542,963||£393,814|
|**No of loans due to be redeemed||9||30||83||52||3||177|
|**No of loans redeemed within tolerance||8||23||50||41||1||123||69.5%|
|**No of loans redeemed beyond tolerance||1||5||21||2||0||29||16.4%|
|**No of loans not redeemed within tolerance (still active)||0||0||0||4||2||6||3.4%|
|**No of loans in default (not redeemed beyond tolerance)||0||2||12||5||0||19||10.7%|
|Average late days||30.5||157.9||265.3||72.2||N/A||179.8|
|Average late days incl HCBC1 funded out||202.3||162.7||234.1||74.2||N/A||175.8|
|% of investor monies lost to date||0%||0%||0%||0%||0%||0%|
*Figure shows the % of loans that have gone into default. "Default" is defined as a loan that was either repaid more than 8 weeks following the end of the loan term or is currently in default.
Actual default rates based on redeemed loans with a 180 day tolerance threshold.
**Note- Please note that redemption and default figures are based on the year the loan is made in e.g If a loan is made in 2017 and redeems in 2018 (even if late paying) the stats for it will be recorded in 2017.