Here is a chart that shows the different types of security that rebuildingsociety has taken on completed loans. The minimum we take is a Director Personal Guarantee on every loan, but we take security over property or business assets on 3 out of 5 loans. Read more in our FAQs
When buying loans on our Secondary Market, investors can choose the type of loan by security – we’ve found that some investors have preferences for loans secured on property, whereas others prefer personal guarantees as back-up because they tie the director to the business, emotionally.
Of course, no-one ever wants to get to the point where charges on security are enforced, but it gives a degree of comfort to lenders that there is recourse in the event of a default when making a p2p investment.
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