Get A Regular Income From Lending Works

Additional reporting by Neil Faulkner. Lending Works now allows lenders to receive their interest payments directly as a monthly income. This will start from 6 April, which is just in time for our next Lending Works pay checks. Lenders can also choose to receive a combination of interest…

10 Years of Zopa: 10 Times More Interest Than Losses

Zopa, the oldest P2P lending company in the world – the one that started it all, right here in the UK – turned 10 today. Let’s look into how well it has contained losses, even during the worst recession for nearly a century, and how…

Unbolted Gets a Bad-Debt Provision Fund

Unbolted now has a bad-debt provision fund to cover at least the first part of your lending losses. The fund will operate as a trust in the same way as the other P2P lending companies. The new pawnbroking P2P lending company already offers lenders protection…

FundingSecure Lenders Suffer First Losses

Until recently, FundingSecure has been bragging that no lenders have lost any of their starting money. But it had to happen eventually. Now, a small number of lenders have collectively lost £512 of their starting money. Presumably all those lenders are up overall, because FundingSecure…

How First Late Payments at Lending Works Will Affect You

Lending Works has probably completed around 1,000 loans in over a year. Late payments are inevitable, as are bad debts, and yet,  despite the high number of loans, it has only just now got its first late payments. Today, late payments rose from zero to…

UK Leading the Way on P2P Lending

Additional reporting by Matthew Howard The University of Cambridge is making a reputation for itself in analysis of P2P lending and other “alternative finance”. It’s focus so far has really very much been on statistics that are of interest to the P2P lending companies, but unfortunately…

Loans On Unbolted, a P2P Pawnbroker

P2P lending company Unbolted, a pawnbroking offering that we wrote about in New Peer-to-Peer Pawnbroker: Unbolted, has now got off the ground with four small loans and one very large one. I’ll just summarise these loans now, so that you can get an idea of…

What Security Does a Second Charge Give Lenders?

Particularly if you use P2P lending companies where you can choose your own borrowers, you might be interested in lending to borrowers who are offer you a “second charge”. This article is about what security this gives you as a lender. We really try and…

Landbay: The Lowest Cost P2P Lending Company

Landbay has today revealed a few of its key statistics that help us to better understand the low-risk, BTL property P2P lending company. We can now see the average size of the BTL mortgages we’re lending in through Landbay, rental coverage and now, at last,…

High-Rate Loans From rebuildingsociety

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. C grade loan to spa centre This spa, beauty and health centre wants to borrow £25,000 for five years. The loan is…

Hargreaves Lansdown to Enter P2P Lending

Hargreaves Lansdown, a stockbroker as well as the UK’s largest investment fund “supermarket”, has added even more credibility to the P2P movement by confirming it will offer the service to its 675,000 customers. (A fund supermarket is a service that gives you access to lots…

Financial Regulator Gives B- Grade to P2P Lending

The Financial Conduct Authority published its first report since it took over regulation of P2P lending. It visited five of the larger P2P lending websites to “assess the governance, management and controls of five market participants to understand the risk that the sector poses to our statutory objectives.”…

Saving Stream Provision Fund Looks Solid

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…

Lending Works Rate Lock Is All Upside

All of us at 4thWay® missed a very important detail about Lending Works‘ new interest rates last week. We’re not sure if we all need stronger lens prescriptions or if the consumer loans P2P lending company hadn’t explained its “Lending Works Rate Lock” properly to begin…

Zero Complaints About P2P Lending Companies

This morning I took a look through the Financial Ombudsman‘s complaints data to see if customers were complaining about any specific peer-to-peer lending companies. I tried over a dozen of the biggest names, including Zopa, RateSetter, Funding Circle, LendInvest, Wellesley and more. I found no…

Zopa Awards are Piling Up

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…

First Great National Steams into P2P

It sounds like a train service, but it’s the latest P2P lending company to offer you the opportunity to do property loans. First Great National is a new peer-to-peer lending company focuses on developer loans with a maximum loan-to-value of between 70% and 80%. First Great…

Earn 5% at Lending Works Over 3 Years

Possibly the safest peer-to-peer lending company of them all, Lending Works, is increasing the interest rates from Monday 26 January. Lenders will then earn 5%. This is up from 4.3%, so it’s a big jump. It’s the interest rate you can expect after fees and…

Zopa is Hitting its Targets (Just About)

Recently, Zopa, the P2P lending website that started it all, changed the mix of loans that lenders will have their money allocated to, so that they can get higher rates. At the same time, it removed its rate promise, which means that you could potentially get less…

eMoneyUnion Offering Loans to be Repaid with Pensions

New pension rules coming into effect in April 2015 will already allow retirees to spend their life savings in one go, once they reach the minimum age specified in their pension policies, which is usually 55-65. Now, one peer-to-peer lending company is giving even earlier…

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