When you earn money through Read moreit is usually classed as income, so you could be charged income tax. There are, however, huge tax breaks, including an automatic break for many people, as well as specific accounts that you can open which are always tax free. Key P2P tax rules in bullets Most…
The Zopa login page, as well as Zopa’s cyber Read morein general, needs to be strong to deter hackers keen to try and take a piece of the billion pounds being lent through this site. As WordFence says, the “secure” symbol in your browser next to the URL does not automatically mean “safe”….
Lending to residential buy-to-let landlords is intrinsically the safest kind of lending available to lenders through P2P. I’ll give you the five reasons for this in no particular order, since it’s all good: The bricks-and-mortar are already there Firstly, since the properties already exist and are not merely building sites with promise (like lending to… Read more
Landbay*, which does mortgages for residential landlords, has had a perfect record since it started in 2014, with no Read morefalling even one payment late. As of this month, it now has three loans out of 733 – or 0.4% – that have each missed a payment and have therefore fallen just slightly late….
Cliff is an experienced freelance investment journalist hired in as 4thWay’s “Chief P2P Cynic” to give you the alternative view on lending. He is also a specialist in buying shares, so he analyses opportunities to buy shares in P2P lending sites or P2P investment funds. Read about Cliff. On Tuesday, 26th November, the UK government… Read more
Recently, one borrower at ArchOver* suffered severe trouble. This borrower is so large that I shall argue it represents something like 8% of ArchOver’s entire historical (corrected) loan book. That is too much. What happened with this borrower? Every borrower and every bad debt has its own story – and it is all too easy… Read more
Lendy hasn’t failed, but its story today made me think of all the Read morewebsites or P2P providers that had either failed, closed down, stopped offering P2P lending products, or needed to be saved or taken over by other platforms. Regulated P2P lending sites that have gone down one of those paths include:…
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
One of 4thWay’s experts has written a Downing Crowd Review, summarising the key points in under 450 words, so that you can read it in about two minutes: 4thWay’s Quick Expert Downing Crowd Review Downing Crowd’s simpler loans could make a nice addition to your lending portfolio Downing has been lending investors’ money since 2010. Its… Read more
Most people benefit from automatic tax breaks on Read moreas explained in our guide: How Is Taxed? However, not everyone does, which can make lending through a pension attractive. And there are other advantages to lending in a pension. There are also cons though, so here’s everything you need to know: The main benefits of…