Profiling the typical ‘peer-to-peer’ investor

stuff.co.nz

Investor Tom Enright was the first person to invest through LendMe, a peer-to-peer property lender.

He invested $542,000 by funding a fully-secured residential mortgage loan on an Auckland property, getting a 7.84 per cent return on his money.

Peer-to-peer, or P2P, lending is on the rise, and there will be more like Enright dipping their toes in the market in search of a decent return on their money. The challenge for them is to decide just how much of their wealth to risk.

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