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Sancus Lending (UK) Limited Platform Statistics and Outcomes Statement

 

Year Accumulative loans originated (value) Accumulative loans originated (number) Accumulative loans settled (number) Accumulative actual default3 Expected default rate4 Accumulative actual loss rate5 Accumulative average interest rate (weighted)6 Accumulative average interest rate received (weighted)6
2024 £184,928,256 86 48 2.33% 5.00% 0.00% 9.51% 9.51%
2023 £127,577,357 67 32 1.49% 5.00% 0.00% 8.39% 8.39%
2022 £89,242,911 50 19 0.00% 5.00% 0.00% 9.04% 9.04%
2021 £36,283,974 28 9 0.00% 5.00% 0.00% 9.06% 9.06%
2020 £16,313,289 15 2 0.00% 5.00% 0.00% 8.57% 8.57%
2019 £5,510,000 3 0 0.00% 5.00% 0.00% n/a7 n/a7

Notes:

  1. As required under the Financial Conduct Authority (“FCA”) rules, this Outcomes Statement sets out the Sancus Lending (UK) platform statistics and is published annually, within 4 months of the end of our financial year, to include the last 10 years of loan performance. The data above reflects the cumulative loan positions and the information in these notes sets out the assumptions used in calculating default and loss rates. The first loan was made in March 2019.
  2. Sancus Lending (UK) categorises all loans within a single risk category. These loans are asset-backed and secured against property within a set gross loan to value (“LGDV”) parameter assessed by a qualified surveyor. This is to ensure the value of the secured property exceeds the gross loan amount.
  3. A loan is treated as being in “default” where (a) payment is more than 180 days past contractual due date, (b) security in respect of the loan has been enforced, or (c) a formal insolvency event has occurred in respect of the borrower (e.g. administration or commencement of winding-up). “Loss” refers to the actual loss of capital on loans in default, net of recoveries.
  4. The “actual default rate” is the number of loans in the calendar year that have been identified as default against the number of outstanding loans.
  5. The “expected default rate” is an estimate of the likely portion of loans that may go into default. It is based on our own experience and general industry standards and the actual default rate may be higher or lower than the expected default rate. All loans are secured such that we would expect the loss rate to be significantly lower than the default rate. For further information on Sancus’ approach to non-payment and the recovery process can be found in the Key Information Document.
  6. The “actual loss rate” refers to the actual loss of capital on loans in default, net of recoveries.
  7. The average interest rate and the average interest rate received are based on loans which had settled and is weighted by the value of loans repaid on an cumulative basis.
  8. No loans were repaid in 2019; the average interest rate and average interest rate received calculations are not possible.
  9. We have elected to calculate and present these statistics in a different way from the publications in 2019 to 2022, on an cumulative basis. The revised presentation provides a more detailed view of the overall performance of the loan book.
  10. Past performance is not a reliable indicator of future performance.

 

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Risk Warning: Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Funding through Sancus is entirely at your own risk and the decision whether or not to is solely yours. The return on any funding opportunity is dependent on a number of factors and cannot be guaranteed. We cannot give assurances as to the creditworthiness of any borrowers, the collectability of any repayment, the quality and accuracy of any information obtained in respect of any funding opportunity or the enforceability of any security. In the event of a default, the timescales and outcome of any recovery is inherently uncertain. By using the platform, you knowingly accept the foregoing risks and you further accept that the role of Sancus is limited to providing an online marketplace for users and that information obtained from Sancus does not constitute legal, financial, tax or other advice or recommendation in relation to a funding opportunity, and you will conduct your own research and form your own opinion as to whether or not to participate in a funding opportunity. There is no recourse to the Financial Services Compensation Scheme, or other such government run compensation schemes. The UK platform is operated by Sancus Lending (UK) Limited, a UK incorporated company which is authorised and regulated by the Financial Conduct Authority, firm reference number 593992.