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.
Estimated reading time: 2 min
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
If you are interested in learning more about how to protect yourself, visit the FCA’s website here.
For further information about peer-to-peer lending (loan-based crowdfunding), visit the FCA’s website here.
Total lending: £34,828,875.75
£33,246,117.54
Property
£660,669.00
Personal Guarantor
£901,424.21
Unsecured
£20,665.00
Pension
Total live: £7,873,627.20
£7,699,406.16
Property
£24,118.62
Personal Guarantor
£150,102.42
Unsecured
JustUs will only present a borrower on the platform who can afford the repayments at the time of application.
CAPITAL AT RISK
Important: Please note your capital may be at risk with Peer to Peer lending and your investments are not covered by the Financial Services Compensation Scheme (FSCS).
If a borrower is a tenant, they will need to secure a personal guarantor, this personal guarantor will need to be of good financial standing and have a good credit score. They will also need to be a homeowner.
As all rates per risk grade are fixed for the term of the loan, we do not review or re-value loans within the fixed term period.
| Risk Grade | ISA Pot | Combined Equifax Score | Loan amounts | Lender % p.a. | Platform % p.a. |
|---|---|---|---|---|---|
| G1 | Adventurous |
600+ | £2,000 - £15,000 | 11% | 18.5% |
| Risk Grade | Forecast Capital Loss | Live loans | Number of loans |
|---|---|---|---|
| Guarantor | 1.0% | £62,505.00 | 8 |
When a borrower applies for a property loan, the loans will be secured by way of a legal charge against the properties offered as security.
The two types of property loans currently funded on the platform are Bridging Loans and Buy to Let loans.
In certain instances, such as a bridging loan when a property is being developed or being sold, up to 12 months interest payments can be rolled up and included in the gross loan.
| Risk Grade | ISA Pot | Security | Maximum LTV | Loan amounts | Lender % p.a. | Platform % p.a. |
|---|---|---|---|---|---|---|
| F1 | Prudent |
1st Charge | 60% | £250,000 to £1,000,000+ | 8.00% | 3.50% |
| F2 | Balanced |
1st Charge | 70% | £50,000 to £1,000,000+ | 10.00% | 4.50% |
| F3 | Balanced |
1st Charge | 70% | £25,000 to £250,000 | 11.50% | 9.00% |
| F4 | Adventurous |
1st Charge | 70% | £25,000 to £1,000,000 | 13.50% | 9.00% |
| F5 | Adventurous |
1st Charge | 70% | £250,000 to £1,000,000+ | 13.50% | 9.00% |
| F6 | Balanced |
1st Charge | 70% | £100,000 to £1,000,000+ | 10.00% | 6.00% |
| S1 | Balanced |
2nd Charge | 75% | £100,001 to £500,000 | 9.50% | 4.00% |
| S2 | Adventurous |
2nd Charge | 75% | £50,001 to £500,000 | 11.50% | 10.00% |
| S3 | Adventurous |
2nd Charge | 75% | £25,001 to £500,000 | 14.50% | 13.00% |
We do not forecast any capital losses due to the carefully selected Loan To Value percentages shown above.
Where the loan agreement is on a retained loan interest basis, we do not foresee any arrears.
Other secured loans payable on a fixed term basis are subject to potential arrears and may defer the repayment of interest and capital due. As all rates per risk grade are fixed for the term of the loan, we do not review or re-value loans within the fixed term period.
| Risk Grade | Forecast Capital Loss | Live loans at risk of capital loss | Number of loans |
|---|---|---|---|
| F1 | 0% | £0.00 | 0 |
| F2 | 0% | £3,452,956.28 | 15 |
| F3 | 0% | £0.00 | 0 |
| F4 | 0% | £0.00 | 0 |
| F5 | 0% | £0.00 | 0 |
| F6 | 0% | £4,084,181.77 | 7 |
| S1 | 0% | £0.00 | 0 |
| S2 | 0% | £17,550.00 | 1 |
| S3 | 0% | £0.00 | 0 |
| H1 | 0% | £1,325,614.00 | 1 |
| Total | 0% | £7,699,406.16 | 37 |
When a buy to let loan is presented, the rent on the property must be able to service the loan payments + have 25% surplus in excess of the contracted monthly payment.
| Product | ISA Pot | Max LTV | ICR | Loan amounts | Lender % p.a. | Platform % p.a. |
|---|---|---|---|---|---|---|
| BTL 1 | Prudent |
50 | 125% of pay rate | £50,000 to £1,000,000 | 4.25% | 1.74% |
| BTL 2 | Prudent |
65 | 125% of pay rate | £50,000 to £1,000,000 | 4.50% | 1.99% |
| BTL 3 | Balanced |
80 | 125% of pay rate | £50,000 to £1,000,000 | 4.75% | 2.24% |
| BTL 4 | Prudent |
50 | 125% of pay rate | £25,000 to £1,000,000 | 5.50% | 3.49% |
As all rates per risk grade are fixed for the term of the loan, we do not review or re-value loans within the fixed term period. Whilst we do not anticipate any capital losses we must still advise you that your Capital is at Risk
When a borrower applies for a loan, they are given a day 1 JustUs risk grade. The day 1 risk grade is based on the borrower's historical payment history. We obtain this history from credit reference agency Equifax.
To qualify for an unsecured loan, the borrower will need to own their own home. Lenders will be paid the gross interest rates per annum as detailed below.
The contingency fund we offer does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The fund has absolute discretion as to the amount that may be paid, including making no payment at all. Therefore, investors should not rely on possible pay-outs from the contingency fund when considering whether or how much to invest.
| Risk Grade | ISA Pot | Equifax Score | Loan amounts | Lender % p.a. | Platform % p.a. |
|---|---|---|---|---|---|
| A1 | Prudent |
500+ | £2 - £25K | 5.5% | 6.0% |
| A2 | Prudent |
476-500 | £2 - £25K | 6.0% | 7.5% |
| A3 | Prudent |
451-475 | £2 - £25K | 7.0% | 8.5% |
| B1 | Balanced |
426-450 | £2 - £25K | 8.0% | 9.5% |
| B2 | Balanced |
401-425 | £2 - £15K | 9.0% | 12.5% |
| B3 | Balanced |
376-400 | £2 - £15K | 10.0% | 21.5% |
| C1 - Withdrawn 04 Dec 2019 | Adventurous |
351-375 | £2 - £15K | 12.50% | 28.0% |
| C2 - Withdrawn 04 Dec 2019 | Adventurous |
326-350 | £2 - £15K | 13.50% | 37.0% |
| C3 - Withdrawn 04 Dec 2019 | Adventurous |
301-326 | £2 - £15K | 15.50% | 45.0% |
Forecast capital losses by risk grade. Our discretionary Rainy Day Pot is intended to cover late payments but does not cover capital losses. As all rates per risk grade are fixed for the term of the loan, we do not review or re-value loans within the fixed term period.
| Risk Grade | Forecast Capital Loss | Live loans at risk of capital loss. | Number of loans |
|---|---|---|---|
| A1 | 2 % | £0.00 | 0 |
| A2 | 2.5 % | £5,125.00 | 1 |
| A3 | 3 % | £24,600.00 | 2 |
| B1 | 4 % | £145,066.25 | 9 |
| B2 | 5 % | £59,885.00 | 4 |
| B3 | 6 % | £15,487.50 | 1 |
| C1 | 10 % | £9,360.00 | 2 |
| C2 | 12 % | £9,360.00 | 2 |
| C3 | 15 % | £6,760.00 | 1 |
| Total | 7.63%* | £150,102.42 | 22 |
*Based on the average loan term of 43 months.
£5,000 lent to B3 borrowers.
At the end of year 1 - Interest earned at 9.50% = £475
Potential capital loss 6% over 43 months loan = 1.67% p.a. @ £83.50
Net return p.a. 7.83% = £391.50
| Risk Grades | Interest | F/C Loss p.a. | F/C Net Rtn p.a. |
|---|---|---|---|
| BTL1 | 4.25% | 0.10% | 4.15% |
| BTL2 | 4.50% | 0.10% | 4.40% |
| BTL4 | 5.50% | 0.10% | 5.40% |
| A1 | 5.50% | 0.56% | 4.94% |
| A2 | 6.00% | 0.70% | 5.30% |
| A3 | 7.00% | 0.84% | 6.16% |
| F1 | 8.00% | 0.10% | 7.90% |
| Average | 5.82% | 0.36% | 5.46% |
| Risk Grades | Interest | F/C Loss p.a. | F/C Net Rtn p.a. |
|---|---|---|---|
| BTL3 | 4.75% | 0.10% | 4.65% |
| B1 | 8.00% | 1.10% | 6.90% |
| B2 | 9.00% | 1.45% | 7.55% |
| B3 | 10.00% | 1.67% | 8.33% |
| S1 | 9.50% | 0.10% | 9.40% |
| F2 | 10.00% | 0.10% | 9.90% |
| F3 | 11.50% | 0.10% | 11.40% |
| F6 | 10.00% | 0.10% | 9.90% |
| Average | 9.09% | 0.59% | 8.50% |
| Risk Grades | Interest | F/C Loss p.a. | F/C Net Rtn p.a. |
|---|---|---|---|
| C1 - No Longer Available | 12.00% | 2.79% | 9.21% |
| C2 - No Longer Available | 13.00% | 3.62% | 9.38% |
| C3 - No Longer Available | 15.00% | 4.18% | 10.82% |
| F4 | 13.50% | 0.40% | 13.10% |
| F5 | 13.50% | 0.40% | 13.10% |
| S2 | 11.50% | 1.00% | 10.50% |
| S3 | 14.50% | 1.00% | 13.50% |
| G1 | 11.00% | 0.75% | 10.25% |
| Average | 13.00% | 1.77% | 11.23% |
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED AGAINST IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU WILL REPAY.