Funding Circle Loans That Offer Cashback

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…

Cloned P2P Lending Websites on the Way

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…

P2P Lending Costs More Than Stock Investing

…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…

Offset Your P2P Lending Losses from April 2015

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,…

Wellesley’s Provision Fund Shrinks to 1.3x

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…

Zopa: When Will Your Money Be Lent Out?

True to its word, Zopa, the world’s first P2P lending Company, has made the change it had promised to improve information in our online lending accounts. We can can now see what money is queuing and what money is in the process of being matched to new…

Zopa Provides Unsecured Loans for Money-Saving Boiler

Zopa, the world’s oldest peer-to-peer lending company, has created another source of borrowers for investors to lend to. It is now offering unsecured personal loans to Flowgroup customers who purchase its Flow boiler, a money-saving boiler which generates electricity as it heats a home. FlowGroup…

Why Are There So Many Estonian P2P Lending Websites?

There are at least three Estonian P2P lending companies already seeking lenders in the UK. Estonia has just 1.2 million people and yet Spain and many other large countries don’t have many more P2P companies themselves. Why are there already so many P2P lending companies…

Which P2P lending company really is the biggest?

We took a look at most of the better-known UK-based P2P lending companies to see which is currently the biggest. The answer is: it depends how you measure it. Many of them claim to be biggest in one way or another. Size is not everything, as RateSetter…

RateSetter Receives Financial Times Award

RateSetter, the biggest consumer loans P2P lending Company when measured by monthly lending, has been awarded Best Peer-to-Peer Lender at the Wealth Management Awards, which is run by the Financial Times and the Investors Chronicle. The awards aim to help investors (including lenders) to find the best…

Earn 12% Interest as Soon as You Bid with EstateGuru

EstateGuru, the property P2P lending website focusing solely on properties in Estonia, has become the second P2P lending Company to pay interest even if your money is not currently being lent out. In an announcement to lenders, the company wrote: “We are implementing [a] bonus…

Zopa’s New Anti-Fraud Measures

Zopa, the P2P lending company focusing on consumer loans, is now using the same system as international passport control to check for borrowing fraud automatically in seconds, according to its new support partner. Through its partner AU10TIX, Zopa can now check scanned copies of passports…

eMoneyUnion really DOES Do P2P Homeowner Loans

Update: eMoneyUnion is now JustUs. It appears there has been some confusion both in the press and at the financial regulator as to whether eMoneyUnion is a property lender itself or a P2P company that matches loans for individual lenders. However, the Financial Conduct Authority has recently confirmed its…

Landbay Joins the P2P Finance Association

Landbay, the buy-to-let mortgage P2P lending company, has just joined the Peer-to-Peer Finance Association (P2PFA). The P2PFA sets minimum standards for all its members, including: Setting high standards in vetting borrowers. This does not mean they cannot arrange high-interest, high-risk loans, but it does mean…

Zopa: From a Barn to £670 Million

Giles Andrews, CEO and co-founder of Zopa, a consumer loans P2P lending company, was at the recent LendIt conference. His presentation, called “Born in a Barn“, showed just how far the world’s first P2P lending company has come. In ist ninth year, it has lent…

P2P Lending VS Equity Crowdfunding: The Votes Are In!

Research by Peter Baeck, Liam Collins and Bryan Zhang from the University of Cambridge has revealed that £1.6bn has been lent through peer-to-peer lending websites, whereas just £84m has been raised in the higher-risk equity crowdfunding area. Just £26m has been raised in rewards crowdfunding….

Funding Circle A+ Loans Are High Interest For Low Risk

Samir Desai, CEO at Funding Circle, the largest P2P lending company focused on loans to UK businesses, did a presentation called “Building A Better Financial World” at industry conference LendIt. Samir said that expected average returns for all Funding Circle loans after fees and bad debts,…

Lending Works’ Insurance Against Losses

Lending Works*, the prime consumer loans P2P lending company, has clarified what its insurance against losses will cover. Lending Works has taken out insurance to cover borrowers who can’t pay, which is provided by three insurers with assets of more than £2 billion. This is…

How Zopa Lends Your Money

Mat Gazeley from Zopa has just published more details about how Zopa matches your money to borrowers in a blog post. The key takeaways Mat explained that, above all else, Zopa lenders who receive loan repayments are ahead in the queue when it comes to…

Exit from P2PFA, but Wellesley & Co isn’t slowing down

Spokesperson Aldwyn Boscawen from Wellesley & Co., the P2P lending service, informed 4thWay today: “The Peer-to-Peer Finance Association has accepted the resignation of Wellesley & Co. with immediate effect. Following conversations between the P2PFA and Wellesley & Co. it became apparent that Wellesley’s ongoing marketing strategy would be…

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