At Downing, we think it's important that our interests align with investors. That is why our annual monitoring fee is contingent on results. If, at the end of the bond term, you get back less capital than you put in, then we'll rebate our annual fee towards any losses. (Though we do take pride in our 0% bad debt rate to date, capital is always at risk).

We want to be clear and upfront at all times, so each offer document has a page setting out what fees we may get paid by the borrower. No fees are deducted from the interest rates advertised. The only fee that we would charge investors is an admin fee of £25 for any bond transfer(s).