Assetz Capital lends more than £115m in Scotland since 2013

Assetz Capital has surpassed the £1 billion mark for lending to small businesses and housebuilders across the UK, with more than £115 million of this deployed in Scotland.

Assetz Capital provided a loan for the purchase of luxury guest house Dukeside Lodge. Picutre: Contributed

Almost 5,000 homes, including one in every 100 built in the UK last year, have been built as a result of finance from the peer-to-peer marketplace lender, which was founded in 2013.

Assetz funds its loans through a network of 38,000 retail and institutional investors, who have earned £109m of total gross interest to date.

John Hewitt, Assetz’s regional director for the UK-north, said: “With business confidence rebounding in recent months, the demand for both new build properties and SME growth capital is set to remain high, and we have plenty of funds to deploy in order to satisfy this appetite across Scotland.”

In recent months the lender has provided a £7.2m development loan to Simply UK for a luxury care home build in Inverness and in excess of £1m to Status Properties to convert a listed office building in Aberdeen’s Union Street into flats.

It also provided a £615,000 loan for the purchase of Fife-based four-star luxury guest house Dukeside Lodge.