Relendex

Relendex Limited is a UK peer-to-peer property lender, directly FCA-authorised (FRN 723117). The platform connects investors with borrowers — primarily SME housebuilders and property developers — for loans secured by legal charge over UK property.

As of March 2026 Relendex reported £213.7M total loans funded, £139.3M repaid and a £49.6M live loan book, with a Current Average Return Rate of 8.07%. £5.6M was in recovery and £408,656 of losses had crystallised. The platform offers an Innovative Finance ISA and a resale marketplace for loan parts; liquidity is not guaranteed.

Relendex runs a marketplace where investor funds are matched with secured property loans. Each loan is secured by a legal charge over professionally valued UK property; borrowers and projects are assessed against credit criteria (including Loan-to-Value) and assigned a risk grading. Investors can select individual loan parts or, via an appointed representative arrangement for sophisticated investors, opt for managed portfolios.

So what this means: security by legal charge can improve recoverability compared with unsecured lending, but it does not remove capital-loss risk. Property values can fall, enforcement is slow and recovery is not guaranteed. The resale marketplace provides a potential exit route but low demand or trading restrictions on defaulted loans can prevent timely sale.

Products: secured UK property loans (commercial and commercially-operated residential) with fractionalised loan parts, plus an IFISA wrapper (Self-Select and Secured-Portfolio options). Minimums: typical loan-part minimum £1,000; account opening minimum £5,000; new IFISA funds minimum £500 — verify on the live site before investing.

Fees: borrowers are charged arrangement (~2%), commitment (~0.25%) and other facility/administration fees. The platform's marketing states "no investment fees" for lenders, but firm documentation and market commentary also reference the platform retaining a small portion of interest (commonly cited around 1%). This inconsistency should be checked against the current terms [unverified].

FSCS / client money: uninvested client funds held in eligible client bank accounts may be FSCS-eligible if the bank fails; the loan assets themselves are not FSCS-protected.

Experienced or sophisticated investors who accept high-risk, illiquid investments and want exposure to secured UK property lending. Not suitable for investors who need guaranteed liquidity, capital protection or FSCS cover on the underlying loans. Tax-efficient holding via IFISA may be attractive for those seeking interest income, subject to individual circumstances.