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Peer2Peer Finance News | January 24, 2018

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Posts By Emily Perryman

Brexit ‘will hit innovative SMEs the hardest’

January 22, 2018 |

INNOVATIVE small- and medium-sized enterprises (SMEs) that are the high-growth “superstars” of tomorrow could be the most negatively affected by Brexit, a study has warned.

The research from the University of St Andrews, released on Monday, found Brexit is likely … Read More

LendingCrowd launches income account

January 19, 2018 |

LENDINGCROWD has launched an account that enables investors to take an income from their peer-to-peer loans.

The Income Account offers a target return of 5.6 per cent and works in a similar way to the Growth Account by automatically investing … Read More

UK economic confidence hits new low despite prospect of Brexit deal

January 18, 2018 |

UK ECONOMIC confidence fell to one of its lowest levels of the decade in the last quarter of 2017, despite raised hopes of a Brexit transition deal.

The Global Economic Conditions Survey, produced by the Association of Chartered Certified Accountants … Read More

SMEs optimistic despite Brexit and late payments

January 17, 2018 |

ALMOST three quarters (72 per cent) of small- and medium-sized enterprises (SMEs) think the UK is a great place to start a business, research suggests.

This is despite the fact that many see late payments, uncertainty around Brexit and a … Read More

Dramatic rise in late payments to UK businesses

January 15, 2018 |

ALMOST three quarters (73 per cent) of invoices sent by UK businesses to EU firms were paid late in 2017, research shows.

The figure represents a huge increase from the 40.4 per cent of invoices that were paid late the … Read More

Lack of communication holding back trust in Open Banking

January 12, 2018 |

THE success of Open Banking depends on the financial services sector’s ability to earn consumers’ trust, but a lack of communication about the legislation’s benefits means this could be an uphill battle.

Research shows there is still a lot of … Read More

Lenders plan to scale back unsecured credit significantly

January 11, 2018 |

LENDERS expect to provide significantly less unsecured consumer credit in the first quarter of 2018, according to the Bank of England’s latest credit conditions survey.

Unsecured lending to households fell again in the fourth quarter, meaning reductions were reported in … Read More

Landbay extends lending to first-time landlords

January 11, 2018 |

LANDBAY, the buy-to-let mortgage lender, has extended its lending criteria to include first-time landlords who do not currently own a residential property.

First-time buyers can apply for a buy-to-let mortgage from peer-to-peer platform Landbay if they are employed and earning … Read More

RateSetter and Funding Circle added to FSB Funding Platform

January 10, 2018 |

RATESETTER, Funding Circle and Assetz Capital are some of the peer-to-peer lenders that have been included on the Federation of Small Businesses’ (FSB) new business funding platform.

The FSB Funding Platform, developed by Finpoint, matches potential borrowers with more than … Read More

ThinCats hits monthly lending high of £12m

January 10, 2018 |

THINCATS, the peer-to-peer business lender, achieved a record lending level in December with just over £12m of funding listed on its platform.

This followed its biggest-ever loan of £6.7m to the Chelsea Yacht & Boat Company at the end of … Read More