How to invest in someone else’s mortgage

<p><strong>Each week BusinessDesk and the NZ Herald’s Cooking the Books podcast tackles a different money problem. Today, it’s the pros and cons of peer-to-peer lending. Hosted by Frances Cook.</strong></p> <p>There’s been a lot of talk about bank profits lately, and whether or not they make too much money.</p> <p>But if you had the opportunity to step into their shoes and make money in a similar way, would you?</p> <p>Enter peer-to-peer lending, where regular New Zealanders are given the opportunity to invest into someone else’s mortgage.</p> <p>Just like the banks do, you can lend cash to someone else who is wanting to do something like buy their home.</p> <p>They then pay you back, with interest, just like you usually do with a bank.</p> <p>It’s an interesting type of investment, and one that isn’t commonly talked about in New Zealand.</p> <p>For the latest podcast I talked to David Cunningham, CEO of Squirrel.</p> <p>If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it. I'm on <a href="https://www.facebook.com/FrancesCookNZ/">Facebook here</a>, <a href="https://www.instagram.com/francescooknz/">Instagram here</a>, and <a href="https://twitter.com/FrancesCook">Twitter here.</a></p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>