Rebuilding Society review shows that it is a United Kingdom based peer-to-peer lending platform that brings ethically-minded people together for a better deal. Whereas many platforms encourage passive transactions, with limited information, we invite you to become a ‘financial activist’, because purposeful lending serves our society better.

Rebuilding Society began taking loan applications in late 2012 and funded the first deal in January 2013. In February 2017 they received FCA authorisation and in May 2017 Rebuilding Society became an ISA Manager. Today, they have an active marketplace with hundreds of businesses and more than 8530 lenders.

Businesses and investors value the advantages of peer-to-business lending, which stems from the belief that lenders have a vested interest in seeing their borrowers succeed. Rebuilding Society is also a firm believer in the founding principles of building societies and have applied some of the values to their philosophy.

Key facts about Rebuilding Society

Estimated annual returns: Up to 20%

Launched: 2012

Autoinvest: YES

Loan security: Business as a guarantee

Provision fund: NO

Registered investors: 8536 investors in February 2019

Buyback guarantee: NO

Minimal investment: £10

Time to become invested: Varies on loans availability

Time needed managing: Low

Regulation: FCA regulated

Country of operation: United Kingdom

Defaulted loans: 12.9%

Borrowers verification: By the platform

Accepted currencies: Pounds

Accepts investors from: All EU countries and UK

The Rebuilding Society Review: Pros and Cons

PROS

– All loans secured by business guarantee
– Regulated by the FCA
– Fast ID verification up to 2 working days
– High interest rates
– Low minimal investment

CONS

– Not so many investors and already funded projects
– No BuyBack guarantee
– Not a very user friendly interface of the website

Competitors

Lendy, Funding Circle, Zopa

Rebuilding Society Review: what I have experienced so far

Firstly, some words about opening account at Rebuilding Society. For me it was easy process, all I needed was to click fill your personal data and that’s it. Later you have to upload your ID card copy to Rebuilding Society’s dashboard and wait for confirmation.

Add funds to Rebuilding Society’s account also is enough easy. They even give 25 eur bonus for the first investment (if £1000 investment is done).Minimal investment is only £10, so you can start with a small amount to see how the process of lending is managed.

I always emphasize that returns should not be the key factor once you decide to where to invest. The most important is how the platforms evaluate the borrowers (in this case businesses). Returns are high (up to 20%) and the platform is regulated by the FCA in United Kingdom (that is an advantage conmpared to many P2P platforms from EU). To receive FCA licence might take up to 30 months!

Rebuilding Society has a small team of 4 person. It can an advantage because the cost are low to manage the company, but some may say that it a very small P2P platform that is not a big player in the market. Website does not look very as very modern, and there are many places where UI can be improved that investors could easier navigate in the platform.

Written by Tomas Medeckis