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Peer to Peer Lender Folk2Folk Adds More Brokers
Peer to peer lender
Folk2Folk says it has increased the size of its brokerage partners. According to the company, this has resulted in several adjustments within the firm, including an expansion of its South West focus to become a national lender, accepting deals from across England, Scotland and Wales. In doing say, Folk2Folk has reallocated several employees.
Folk2Folk says it has also increased its minimum loan amount to £100,000 and a minimum investment in a loan is £20,000.
Folk2Folk states that the expanded team of “BDMs” will look after existing Broker Partners as well as be the first port of call for any other Broker introduced deals. These deal managers are said to be empowered to give immediate indicative decisions on loans, enabling fast decision making.