One of 4thWay’s specialists will update the Rebuildingsociety review next month and you can expect a huge amount of updates to it. And certainly a lot more detail and opinion than I’m about to give you today, as I’m just looking at one small aspect…
RateSetter and Metro Bank have done a deal: RateSetter has been sold to Metro. RateSetter’s existing lenders will see their existing loans paid off while borrowers meet their repayments, as usual. Buto new lending will occur through the platform. Metro Bank will use RateSetter’s lending…
I have pulled out all the Funding Circle reviews written by investors (lenders) that I can find on TrustPilot and, I don’t mind telling you, it took a very long time. Because online Funding Circle reviews are usually written by borrowers and not lenders. I…
It is sensible to plan for disaster and one way to do so is to set aside a pot of money to cover losses from bad debts. Several P2P lending websites offer these bad-debt provision funds as part of their defences, such as: Assetz Capital…
“Financial institutions” have increasingly been lending through peer-to-peer lending websites. But what is peer-to-peer institutional lending, how widespread is it, and, the key question: Is institutional lending a good or bad sign for individual lenders doing P2P? I’ll get to that. I must warn you that…
I want to write up my findings from looking at HNW Lending’s most recent data submission to us. This included extra information at our request to highlight any impact on loans due to COVID-19. A quick summary of what HNW Lending does HNW Lending does…
The past few months have been a strange, rough and disturbing time for many – perhaps most – people in the UK. Investors in the stock market have been slammed dreadfully. P2P lending and IFISAs have been a lot more stable, as you should expect…
In this special P2P Lending COVID-19 guide, read how savers and lenders can survive and thrive despite the COVID-19 outbreak. You’ll learn about: The history of epidemics and downturns on P2P lending and other investments. The attitude to your investments that you need to adopt…
Most peer-to-peer lending sits in the sweet spot with potential rewards considerably above savings accounts and yet risks below the stock market. And its incredibly steady record since 2005 certainly supports that. But where exactly does peer-to-peer lending sit compared to bonds? Peer-to-peer lending has…
CapitalStackers recently celebrated £15 million in lending through its platform. CapitalStackers* reports a total of £60 million lent to property developers and other property owners, when you include other lenders, such as Royal Bank of Scotland. CapitalStackers tends to do junior lending. So it arranges…
I’m a fan of the stock market. I think most people with a long time to invest should have some of their money in it. I’ve written about share investing in various pieces on 4thWay, including in this guide I co-wrote: Peer-to-Peer Lending Vs Other…
I have a lot of professional and some personal experience with the Financial Ombudsman Service, all of it good. This powerful and excellent service has helped millions of people. It handles complaints about financial businesses that are regulated by the Financial Conduct Authority. This includes…
For the past eight years, a handful of government-funded banks have been lending through P2P lending sites. Peer-to-peer lending sites reference national and international government lending through their online platforms as if it is an indication of quality. MarketInvoice, for example says: “Investors on our…
Lending Works has boosted allowances to cover future possible bad debts from £3 million to £5.5 million, by budgeting for more borrower interest to be paid into the Lending Works Shield. While that means much greater coverage that will better match expected bad debts, it…
Lending Works has adjusted its forecasts of lender returns and bad debts for new loans. It’s increased the amount of borrower payments that now cover bad debts, with lending rates remaining attractive in its highest-paying account. All this has taken place after hiring a new…
There’s a lot to update you on with Lending Works again, which has been split between several of us to write up. In this article, I’m tackling the nitty-gritty around the reductions to lending interest rates on loans issued in 2019 or earlier. To see…
You absolutely must read all our research on Lending Works this month to get a good overview of it as an investment proposition today. As lenders, you need to reset what you thought you knew about Lending Works and take a fresh look, because it’s…
The FCA recently suspended a regulated financial business due to weak controls against money laundering, leaving up to one million account holders unable to access their money. The suspended company, called ePayments Systems Limited, has nothing to do with the peer-to-peer lending industry. But it…
Peer-to-peer lending (including P2P IFISAs) is classified as one of the safer alternative investments, which is why it’s available to all who wish to invest by lending directly to other people, businesses and property owners. But, since it’s still a relatively new form of investing,…
Most peer-to-peer lending websites and IFISA providers allow anyone to lend. If you’re a beginner, they want you to commit not to lend more than 10% of your savings and investment pot across all your P2P loans. If you want to lend more than that,…
