Lendy has announced that it has provided more than £400m in lending to the UK property market.

The milestone figure has been invested by more than 21,500 investors who have earned more than £40m in interest so far.

The P2P property lending platform – which surpassed £300m in lending in April last year – has funded hundreds of bridging and commercial property development loans since it launched in 2012.

These loans have supported residential developments, commercial property schemes and conversions.

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