Proplend has now launched a “secondary market”, which is where you can buy and sell existing loan parts. Previously, with Proplend, you could just lend your money at the start of a new loan and there was no secondary market where you could sell it on to exit the loan early. You might want to… Read more
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Buy And Sell Existing Loans On Proplend
Nominate Your Fellow 4thWay Users
Scroll down to see the first nominees. 4thWay® is setting up a Panel of Peers to govern our website on your behalf. These are individuals like you who lend their money through P2P. They will ensure 4thWay® keeps your interests at the heart of what we do, writing the whole truth and keeping our comparison tables… Read more
Q&A With 4 Property P2P Lending Websites
Last Friday I chaired a panel show for the first time. It was the property peer-to-peer lending panel at the Property Investor Show in ExCeL, London, and there were a lot of great questions from the audience. The panel were representing P2P lending websites that do developer loans, buy-to-let residential, mixed use, straight commercial property –… Read more
How To Earn Your P2P Interest Tax Free
In the past year, SIPPclub has been working with a number of the P2P platforms to enable them to accept SIPP money. This is good news, for it enables you to earn your interest tax free. Compared to lending money personally, the effect of earning interest tax-free is significant. With the new pension freedoms in… Read more
Zopa Lenders Have Made £50 Million
Zopa lenders have so far lent £800 million and this week their grand total interest earned hit £50 million. That’s since Zopa launched in 2005. But over one-third of that interest has been paid to lenders in the past year alone, as Zopa grows rapidly in size. Zopa has an incredible record. It would have… Read more
RateSetter Now In A Pension
Low-risk RateSetter* has overcome considerable regulatory barriers to become the first personal loans P2P lending website to allow its lenders to lend through a pension. Indeed, two pensions. Lending through a pension means you pay no tax on the income you earn. Pensions come with additional costs though, so anyone planning to lend only very… Read more
Tax On Bad Debts Ends in Five Days
Here’s a short, but certainly sweet, article. I just had to pull a recent 4thWay® article explaining how 13% earned interest and 6% bad debts could leave you with a profit of less than 2%, all because we are taxed on the bad debts that we suffer directly. (That’s as opposed to bad debts paid for by bad-debt provision… Read more
1% Bonus On Lending Works if You’re 55+
Lending Works, one of the safest P2P lending companies, has just made two new announcements that are quite interesting – but only if you’re 55 or older, because they just apply to you. 1% bonus interest for new lenders If you join Lending Works and offer your money to lend before 30 April, you’ll earn a… Read more
New £1,000 Tax Break When P2P Lending
Savers were given a new tax break in the Budget on Wednesday, but it wasn’t clear at the time whether that was going to extend to your P2P lending. Zopa has told us today that it just received confirmation from the Treasury that it does include P2P lending! The following changes take effect on 6 April… Read more
20% Off Virgin Trains For Funding Circle Lenders
P2P lending company Funding Circle is now offering 20% off Virgin Train travel to people lending their money through its service. Funding Circle is the fifth largest net lender to businesses in the UK and it offers a low risk, market beating opportunity to individual lenders like you and me. The train ticket discount is… Read more