LendInvest, the largest property P2P lending company, has just reduced its minimum lending amount from £10,000 to £1,000, bringing it into the reach of many more lenders. LendInvest will also soon enable automatic lending and the ability to sell your loan parts to others. In…
The financial regulator’s review of independent financial advice has shown “early indications” that advice has improved and some of the costs have come down since a major change in how advisors make money. Financial advisors were banned from taking commission from Pension, ISA and other investment providers two years…
Generally speaking, savings accounts don’t come close to beating the interest rates being offered by P2P lending companies. However, from time to time you can find good accounts that come close enough to take a look. Great savings accounts for older people National Savings &…
HM Treasury has concluded a two-month consultation on the best way to implement the inclusion of P2P loans with ISAs. Various options are being considered including creating a third type of ISA or including P2P lending as an option within a stocks and shares ISA….
Funding Circle is currently returning cashback to lenders, taken out of the borrowers’ fees, if you take part in the loan auctions listed below. All the loans are listed as A+, which is Funding Circle’s highest grade. Barely a dozen A+ loans out of more…
Landbay, a property P2P lending company with automatic diversification across different regions and a bad-debt provision fund, has been added to the first ever P2P lending benchmark. With the addition of this lower-risk, lower-rate P2P lending company, the 4thWay® P2P Forecast Returns Index has fallen today from…
This article was corrected on 14 December. Previoulsy, we had recorded Wellesley’s new one-year rate as 4% (before cashback) when it should have been 3%. On Monday 15 December, Wellesley & Co., a property P2P lending company with a zero bad debt record and a bad-debt…
We’ve had a few questions from you and so we put them to a P2P lending company so you can get answers right from one of the horses’ mouths. Aldwyn Boscawen of Wellesley & Co.* managed to squeeze out some time to answer your questions….
New P2P lending company Fruitful launched quietly a couple of weeks ago to “invited” lenders with a promise of a minimum of 5% above Bank of England base rate. It currently pays 6%. When Fruitful becomes more widely available, it will provide protection to your…
In a recent report for Landbay, Andrew Hagger of MoneyComms set out his concerns for the P2P lending industry and for individual lenders as the industry grows, as well as his solution: “It’s vital that robust risk management procedures are maintained as the sector expands. “With…
Andrew Hagger of MoneyComms, formerly a spokesperson for Moneyfacts, has written a report into P2P lending, commissioned by Landbay. Hagger set out his views on the sort of P2P lending companies you should lend through if you’re new to P2P lending, and which specific companies fit the bill: “If I…
Bondora, the European personal loans P2P lending company, has devised a system to make it easier for lenders in the UK or elsewhere to compare the risks of lending across Europe, including in countries with far higher interest rates. To do this it will soon being…
Funding Circle, the oldest and largest business and property P2P lending company in the UK, has conducted analysis on how well lenders are able to sell their loan parts to other lenders when they want to get out early. Selling business loan parts Roughly 70%…
Lending Works has been added to the 4thWay® P2P Forecast Returns Index, which shows current average expected returns in P2P lending. Lending Works is a small but rapidly growing P2P lending company that is transparent on its rates, so we have been able to swiftly…
Landbay, a buy-to-let property P2P lending company, is giving one £50 John Lewis voucher to lenders for every £2,000 lent between now and Friday 19th December, provided you commit to a loan or loans of 12 months or longer. The Christmas offer is available to both new and…
Funding Circle is currently returning cashback to lenders, taken out of the borrowers’ fees, in the following loan auctions: A+, residential property development loan for 16 months in Cheshire Offering 1.5% cashback. The auction will be over by 10am on Wednesday 10 December at the latest. This…
Trillion Fund, which enables you to lend and invest in energy projects, is to allow other websites to clone its P2P lending services. In a marketing move known as “white labelling”, the company will strip its own logo, branding and any other mention of Trillion Fund away, and allow other…
…But there’s a catch at the end. Cavendish Online, the discount broker of investment and insurance products, has created a fund supermarket providing the cheapest route to buy a share ISA, with all costs included. Cavendish Online will get you spread into a few different funds…
Probably from April next year, any losses you make in P2P lending can be offset against your income tax. The news was announced in the Chancellor’s Autumn Statement today. Currently, losses in P2P lending either can’t be offset in the case of lending to individuals,…
Update on 5 December 2014: Wellesley’s bad-debt provision fund jumped back up to 1.8 times as amount on loan and protected by the fund dropped £20 million. Wellesley explained that its figures are entered manually, so the big drop was merely a human error. Wellesley & Co’s…
