Social housing lender Assetz Trade has stepped away from the Assetz group of firms and rebranded as Housemartin.
The rebranded firm will proceed to be led by managing director Peter Learn, however will now not be affiliated with Assetz Capital and its subsidiaries.
“Housemartin is greater than only a title change; it’s a mirrored image of how far we’ve come,” mentioned Learn.
Learn extra: Assetz Trade: 7pc yield is good spot for P2P loans
“Simply as a home martin builds a nest, it represents our renewed dedication to creating a lot wanted high quality houses for individuals who desperately want help.
“We’re excited to embrace this contemporary chapter, offering a continuing stream of high quality crowdfunded houses producing arms off, inaction-linked returns that convey new traders into the sector, democratising property funding.”
Learn added that Housemartin intends to leverage the rebranding to develop its consumer base in order that it may possibly “dramatically” improve the variety of individuals it helps present houses for.
Learn extra: Assetz Trade management credited with “pedantic accuracy”
Housemartin operates underneath a crowdfunding mannequin, permitting retail traders to pool their funds so as to finance social housing initiatives.
Housemartin has predicted that the continued migrant disaster creates an pressing want for supported housing within the UK, and it intends to ramp up its fundraising actions to plug this housing hole, and relieve the stress on public companies.
The agency added that it’ll shortly be asserting the following spherical of fundraising to assist in the following stage of its progress.
Learn extra: Assetz Trade expects 350pc bump in investor deposits
