Over the weekend a number of press articles appeared relating to the performance of another P2P lender and then went on to consider the wider ramifications for the sector. We would like to reassure our lending community that our business was founded on the principles of top-quality credit, prudency and transparency. The governance, policies and procedures the Board have put in place and embedded were recognised back in September 2017, when the Financial Conduct Authority awarded Invest & Fund full authorisation.

Unlike many lenders we have chosen not to "auto-pick" loans for you, rather we allow lenders full access to review all loans and associated loan and security documentation, so that you remain in control, and only choose the loans which provide the risk adjusted returns that suit you. Furthermore all loans that are offered on our marketplace have been subject to a rigorous due diligence process, conducted by our highly experienced credit team, and embedded into this analysis is the application of deliberately conservative LTV and LTGDV metrics for senior loans, which means that in the event of market volatility, our lenders have a buffer to offer them some degree of protection. This level of rigour is what has ensured that Invest & Fund lenders have incurred zero bad debt write offs on development finance to date.

Of course, there are no guarantees and a lender's capital is at risk if a borrower defaults, and the reality is that we have had some challenges on particular loans that have required some intervention. But Invest & Fund's top priority is always to generate positive outcomes for its lenders, which is why we have a team of professionals on the ground to deal face to face with each borrower and are structured to provide a strong focus on every individual loan.

We are confident that the Invest & Fund model is working well for both lenders and borrowers and we hope that the business will continue to grow and succeed with your support. P2P lending is providing a valuable service in filling a gap left by the High Street Banks and we have a strong conviction that the sector is here to stay for the long term.

If you do have any questions, please do not hesitate to call us and we would be delighted to discuss them with you.

Thank you for lending through Invest & Fund.