Saving Stream is a secured loans P2P lending company that has been paying around 12% to lenders, with no losses to its 2,000 lenders. Now, in addition, it has launched the Saving Stream Provision Fund. Saving Stream Provision Fund Not only does Saving Stream lend…
Looks like it’s money awards season, with the Zopa Awards cabinet needing extra timber to support the latest additions. No sooner had I written about RateSetter’s fair personal loans award than Zopa wins two other awards. Zopa has beaten all the banks in the customer…
If lending fairly, with your borrower’s interests in mind, is important to you, RateSetter has just received an award that should boost your confidence in it. RateSetter is overflowing with awards like almost no other financial company. It’s clearly doing something right. But this new…
When my colleague “tweeted” (I still think of the word “tweet” in inverted commas. How square am I?) about one peer-to-peer lender helping itself through the new pension freedoms, it really rammed home how crazy these new pension rules are. In case you don’t know From…
More evidence that the top-grade loans at different P2P lending companies can be of very different quality. My thoughts on why you have to demand much higher interest rates from Bondora compared to Funding Circle. My colleague, Neil, recently gave an example showing that a…
Peer-to-peer lending companies get very high customer satisfaction ratings in surveys. Here, we collate some of the comments from their lender customers. Unfortunately, we don’t have access to negative comments! So we have to view the few comments selected by the P2P lending companies with…
Zopa, the oldest peer-to-peer lending company in the world, has increased its interest rates to 5.1% and 4%, but, at the same time, it has removed its rate promise. Zopa’s rate promise has been assuring lenders for over a year now that they will get…
AltFi predicts that we will collectively lend close to £3 billion to people and businesses in 2015. That’s twice as much as in 2014. The introduction of tax-free lending through new P2P ISAs might help boost lending even further. Lenders using RateSetter, Funding Circle and…
All individual lenders on Wellesley & Co. are now spreading their risks across 100 different loans. The number will likely rise as Wellesley continues to grow. Wellesley has just reached 100 outstanding loans. The property P2P lending company automatically splits all lenders’ money across all loans. It readjusts the…
Now is a very attractive time for peer-to-peer lending with interest rates well above where they should be for the risks involved. Why is 2015 such a good year? While borrowers are being quick to get on board for the lower rates and better terms,…
Lending Works has made itself even more attractive to lenders by ramping up its interest rates. It has pushed up its three-year rate from 4% to 4.3% and its five-year rate from 5.5% to 6.1%. The five-year rate is now the best of all the peer-to-peer…
You can lend money to businesses through Funding Circle graded by the peer-to-peer lending company as “A+” – its highest grade. Although Funding Circle conservatively estimates that 0.6% of these loans will go unpaid each year, not even 20 A+ loans have gone bad in the four…
I totally missed the potential of this when the news broke a few weeks ago. Proplend, the property P2P lending company, announced that we can now lend through it in a pension wrapper. At first I thought you, me and most people were automatically excluded,…
The oldest business and property P2P lending company has checked out how us lenders would come out of an economic disaster. Funding Circle asked Hymans Robertson, an external consultancy, to conduct the same “stress tests” on it as the banks have been required to do by the Prudential Regulation…
With P2P lending company GraduRates closing down gently, I think its appropriate to take a look at the other companies that have gone out of business. Because I don’t want my money disappearing, do you? Let’s see what has happened in these past nine years…
Here are the latest high-rate loans that are open for you to bid on from rebuildingsociety, the P2P lending company that finances riskier loans to businesses. Update on 21/12/2014: all the loans below are now fullly funded, but you can still under-cut bids from other…
LendInvest, the largest property P2P lending company, has just reduced its minimum lending amount from £10,000 to £1,000, bringing it into the reach of many more lenders. LendInvest will also soon enable automatic lending and the ability to sell your loan parts to others. In…
According to Assetz Capital, business and property P2P lending company, businesses that borrow through P2P should technically withhold tax from individual lenders. If true, it still doesn’t affect P2P lending companies that have consumer borrowers. Just business borrowers. On the Assetz website it says: One significant area…
This article was corrected on 14 December. Previoulsy, we had recorded Wellesley’s new one-year rate as 4% (before cashback) when it should have been 3%. On Monday 15 December, Wellesley & Co., a property P2P lending company with a zero bad debt record and a bad-debt…
In a recent report for Landbay, Andrew Hagger of MoneyComms set out his concerns for the P2P lending industry and for individual lenders as the industry grows, as well as his solution: “It’s vital that robust risk management procedures are maintained as the sector expands. “With…
