St Austell, Cornwall: Lend & Borrow Trust Company Ltd. (“LBT”) is pleased to announce the launch of its online peer-to-peer lending platform.
LBT’s offering is unique in the UK’s fast growing FinTech industry. All loans arranged through LBT’s convenient online platform are collateralised by investment-grade gold and silver pledged as security against each loan.
“It has taken three years of development to reach this stage,” said James Turk, LBT’s Chairman and one of its founder shareholders. “Lenders benefit, but so do borrowers because they can monetise their precious metals. With LBT, borrowers and lenders interact without disclosing their names through online auctions that enable both parties to ‘lend & borrow’ at a mutually agreeable interest rate.”
LBT offers lenders a unique level of protection because all loans are secured by the borrower’s pledged precious metal, which is sold to pay the lender should the borrower miss an interest payment or principal repayment
Lend & Borrow Trust Company Ltd
Advent House, Station Approach
Victoria, St Austell
Cornwall PL26 8LG
+44 (0) 1726 893 017