Some P2P lending sites offer attractive cashback deals, some for new and some for existing lenders, up to £400 or 10%. A P2P lending site should convincingly pass a lot of tests before you trust it with your money. Accepting cashback bribe with your ordinary peer-to-peer lending accounts or your IFISAs is usually way, way down… Read more
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P2P Lending And IFISA Cashback Deals Available Now
The IFISA (P2P ISA) Guide
We have nagged the taxman’s notoriously tight-lipped officials, and chased down accountants, IFISA providers and even 4thWay’s own skilled experts to give you answers to all your IFISA questions, as well questions you never thought to ask. Here goes: What is an IFISA? An IFISA allows you to lend up to £20,000 per tax year (which… Read more
4 Lessons For P2P Lenders From 2018
2018 was another record year for peer-to-peer lending, with several big players passing major milestones last year. Big numbers and positive returns During 2018, Zopa* passed the £4 billion mark for cumulative lending since launching in 2005, while cumulative loans at RateSetter* passed £3 billion in late 2018. With P2P lending now 14 years old,… Read more
Man Down!
One of your fellow 4thWay webite users, “JamesFrance”, has now retired from the user panel that governs 4thWay, after working voluntarily on your behalf for several years to ensure 4thWay remains independent. 4thWay’s Panel of Peers ensures our accuracy, impartiality, and candid research. James, I want to give you a big thanks on behalf of… Read more
How Is Peer-to-Peer Lending Taxed?
When you earn money through peer-to-peer lending it is usually classed as income, so you could be charged income tax. There are, however, huge tax breaks, including an automatic break for many people, as well as specific peer-to-peer lending accounts that you can open which are always tax free. Key P2P tax rules in bullets Most… Read more
Lendy Sends Shockwaves But No Surprises
From our point of view, it was never a good start for Lendy, formerly called Saving Stream. Since the beginning, it never passed the basic, simple tests cited in principles one and three of 4thWay’s 10 P2P Investing Principles. In short, Lendy hasn’t provided enough information about its risks and rewards to be properly assessed… Read more
P2P Pensions Guide
Most people benefit from automatic tax breaks on peer-to-peer lending as explained in our guide: How Is Peer-to-Peer Lending Taxed? However, not everyone does, which can make lending through a pension attractive. And there are other advantages to lending in a pension. There are also cons though, so here’s everything you need to know: The main benefits of… Read more
CrowdProperty Opens Up On Its Performance
We have some rare information about CrowdProperty‘s performance and it looks like it is finally opening up, allowing a wee bit of analysis of some the risks. This is great for me, because I’ve suspected that this is one of the rare P2P lending sites that is both secretive and yet – probably – very… Read more
Proplend: Now You Can Auto-Lend On 50% LTV Property Loans
Proplend has launched an auto-lend feature for its “tranche A” property loans, whether you lend through its regular account or its IFISA. Proplend’s tranche A loans are for a maximum of 50% of the property’s valuation. Many loans are against properties that are earning income for the borrowers by being rented out (which have the highest, +++… Read more
Abundance: A £4 Million Lesson In The Risks Of Green-Energy Loans
The collapse of a green-energy project that was crowdfunded to the tune of £3.9 million gives valuable lessons to individuals funding new and complicated infrastructure products through peer-to-peer lending sites. Here’s what happened followed by 10 lessons for lenders in future. What was the loan for? The project was for a new business to borrow… Read more