The Property Secured Investment Account (PSIA) is a way to invest exclusively in property backed loans with automatic diversification intended to help you spread your risk across a diverse range of lending. Every single loan considered for this account is automatically selected or rejected upon the basis of the level of property security that it offers. The loans automatically selected for investment by this account are only those that have no expected loss in the case of that loan defaulting in the future, even after any estimated recovery costs.
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|* The estimated annual interest is based on the investment term entered on the search form and, where this exceeds the product term, assumes the investment is rolled over and the rate remains the same.|
Included in the PSIA are business loans that are secured with legal charges over land or property. In addition, these loans may also benefit from security taken over machinery, invoices, company assets, debtor books, other realisable assets and/or a personal guarantee from the business owner, as well as having the benefit of a discretionary Provision Fund. The PSIA will automatically diversify your account funds across many matching loans at any given time, with the aim of doing so in an equal and proportionate way, subject to loan availability. For example, if 50 suitable loans are available, the PSIA will aim to invest approximately 2% of account funds into each loan. Likewise, with only five suitable loans, the PSIA will aim to invest approximately a fifth (20%) of account funds into each loan.
*Target Loan Interest