There’s a lot for lenders to learn about the Growth Street ISA, launched in 2019. Take a dive into all the important aspects right here, and find out how it compares to the Growth Street’s ordinary lending account. The Growth Street ISA is covered by the reserve fund Just ticking off a simple point first,… Read more
News
Growth Street ISA: Is It P2P, What Are The Risks & Does It Beat The Classic Account?
Does Landbay’s £1 Billion Deal Affect You?
Landbay has just announced that a “major financial institution” will lend another £1 billion through it. Landbay has previously arranged over £300 million in loans, with most of that coming from regular lenders. I asked Landbay* some of the key questions that our experts at 4thWay use when gathering information about institutional lending. Here is… Read more
Lending Works And HNW Lending PLUS Ratings Updates
HNW Lending PLUS Rating update HNW Lending* now has 3/3 PLUSes – the highest and top 4thWay PLUS Rating – on both its senior loans and junior loans. Previously, its junior loans had a 2/3 PLUS Rating. For junior loans, its 4thWay Risk Score ticked down one to 6/10, i.e. the score got one point… Read more
Thoughts On Lendy And BondMason Closures
This is just a brief note on the two recent P2P lending site closures. Lendy has closed after lenders suffered a high amount of late and bad debt, as well as very expensive legal problems, among other things. (I wrote about some of its issues last year in Lendy Sends Shockwaves But No Surprises.) BondMason… Read more
Win £100 In May – By Helping Fellow 4thWay Users
In May, the most interesting and well-written comment about peer-to-peer lending or IFISAs that is posted on 4thWay’s discussion boards, or the most interesting emailed contribution we receive, will win £100 if we choose to publish it. We may even pay out for more than one contribution if we can’t decide on a winner. It… Read more
Latest 4thWay PLUS Rating News
4thWay’s experts are now part-way through their latest reassessment of the P2P lending sites’ (and P2P IFISA providers’) 4thWay PLUS Ratings. As usual, they took the opportunity to make measurable improvements to our ratings methodology. All the improvements make the 4thWay team feel better, because they ironed out a couple of creases. But, on this… 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
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
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