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 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,…
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, 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…
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 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…
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…
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…
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…
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…
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…
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…
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…
ArchOver*, the only secured and insured business peer-to-peer lending company, is lowering its lending limit from £5,000 to £1,000 from next week. ArchOver only lends to one grade of borrower, which it calls, variably, “grade A” and “grade A+”, although perhaps its most useful description of…
Some peer-to-peer lending companies have had zero losses to lenders. They all have funds set aside to cover expected bad debts. And they have other protections, such as lending against property that can be repossessed if necessary. Of those, the ones that have the best 4thWay®…
FundingSecure is a peer-to-peer lending company has been lending your money while securing it against valuable items, such as power boats and mansions. Interest rates have been close to 13%, on average, but no lender has lost any money on loans gone bad. FundingSecure has three outstanding…
If you lent your money for five years in 2014, you probably got richer. If you started lending for fives in the safer, lower-rate P2P lending companies last year, you should have made at least 4% and it wouldn’t have been much trouble to make around…
Peer-to-peer lending companies get very high customer satisfaction ratings in surveys. Here, we collate some of the comments from their lender customers. Unfortunately, we don’t have access to negative comments! So we have to view the few comments selected by the P2P lending companies with…
While eyes have been focused on the upcoming P2P ISAs (tax-free lending), individuals lending through peer-to-peer have been able to lend tax-free in pensions for six months already. The latest peer-to-peer lending company to allow lenders to lend through a pension is rebuildingsociety. The higher-risk, higher-potential return…
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. Lending on rebuildingsociety over the next ten days could give you a pre-bad debt interest rate of 16% to…
