Lol, no, of course it won’t.
The UK’s “peer-to-peer” lenders are facing their first economic shock and possible down cycle. But where some see the apocalypse, the likes of Ratesetter see an opportunity:
FinTech is in its infancy but that means it is necessarily forward-thinking and modern and that allows it to respond more nimbly to the inevitable changes and opportunities that will arise from today’s vote. Leaving the EU may discombobulate big banking conglomerates and FinTech businesses will look to fill any spaces. This may prove to be an opportunity for FinTech.
Those fintech lenders who deal exclusively in property should look at the listed homebuilders and put on their tin hats (actually, tin hats are advised for everyone).
But over at Property Partner, which is basically crowdfunding for housing equity, they’ve decided to swap their tin hats for brave faces:
So, while “Leave” has won the day, we believe that for the UK housing market the watchword is “Remain”. It is going to seem like a helter-skelter for all markets for the next few months, but the medium and long-term prospects for UK residential property remain strong. In the end, people need somewhere to live.
Points for effort at least.