I love Blend for almost everything they do, but there's one thing that's intensely annoying. You have to use AutoLend to invest in multiples of £1,000. When you try to increase your lending, say from £1,000 to £2,000, they force you to switch off AutoLend to make the change, pushing you to the back of the queue and unable to lend for the next few weeks/ months. The only reason investors try to increase their loan amount is to build their money in the platform, so forcing them to be out of the market altogether is guaranteed to annoy. I can't understand why Blend wants to punish their investors for showing greater commitment to their platform.
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BLEND is an investment platform for institutional investors and family offices to co-invest in real estate debt backing mid-market schemes underserved by traditional lenders.
