Bridging and Development Loan Statistics

Summary table of development and bridging loan data

Please note this page has now been superseded as of May 2020. Click here for the new P2P performance statistics page in order to see the most up to date figures.

The figures below are up to October 2019. More recent statistics are available on the link above.

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.