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Peer2Peer Finance News | March 19, 2019

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Posts By Hannah Smith

Cash ISA choice greater than ever but rates still disappoint

March 18, 2019 |

THE NUMBER of ISAs on the savings market has topped the levels seen during the peak of last year’s ISA season, research from Moneyfacts has found.

The Moneyfacts UK Savings Trends Treasury Report revealed that there were 399 ISAs on … Read More

Marketplace lending tipped to hit record £7bn in 2019

March 18, 2019 |

MARKETPLACE lending could top £7bn this year after reaching a record level in 2018, according to  Link Asset Services’ inaugural Marketplace Lending Index.

Powered by Brismo (formerly named AltFi Data), the index shows that the value of gross marketplace lending … Read More

ThinCats unveils £100m funding programme for UK SMEs

March 18, 2019 |

PEER-TO-PEER business lending platform ThinCats has launched a £100m funding programme for private equity-backed UK firms.

The fintech lender says it has almost £1bn of capital to invest in UK small businesses and is seeing increasing demand to fund larger … Read More

CrowdProperty launches equity crowdfunding campaign on Seedrs

March 18, 2019 |

PROPERTY peer-to-peer lender CrowdProperty has launched a £600,000 crowdfunding campaign on Seedrs.

It said on Monday that the fundraise is already more than 100 per cent funded by existing investors and customers but has now been opened to the wider … Read More

Propio to launch property IFISA

February 27, 2019 |

PROPERTY lending platform Propio is launching an Innovative Finance ISA (IFISA) before the end of the tax year.

Propio said on Wednesday that its tax wrapper will come in three versions – cautious, balanced or adventurous – depending on investors’ … Read More

Mortgage lending dips in January

February 26, 2019 |

RESIDENTIAL mortgage lending dipped in January, as economic uncertainty in the lead-up to Brexit made buyers and sellers cautious.

UK Finance household lending and deposits data revealed that gross mortgage lending across the residential market in January 2019 was £21.6bn, … Read More

VPC to use share buybacks to tackle trust discount

February 26, 2019 |

VPC Specialty Lending Investments plans to continue its share buyback programme to close the trust’s discount to net asset value (NAV) as it reviews its 2018 performance.

In its yearly letter published in the fourth quarter of 2018, the alternative … Read More

How do returns stack up from the big three P2P platforms?

February 25, 2019 |

WITH credit conditions getting tougher, one of the ‘big three’ peer-to-peer lending platforms, Funding Circle, recently lowered its annual return projections.

It should be noted that the ‘big three’ platforms have different business models and lending criteria so should not … Read More

Buy-to-let product choice reaches post-crisis high

February 25, 2019 |

BUY-TO-LET borrowers have the greatest choice of mortgage products since the financial crisis, Moneyfacts analysis shows, despite the challenges facing the sector.

Moneyfacts found that landlords now have 2,162 buy-to-let mortgage products to choose from, the highest number since October … Read More

Landbay partners with MCI Club to target portfolio landlords

February 25, 2019 |

PEER-TO-PEER property lending platform Landbay has partnered with The Mortgage Compliance & Insurance (MCI) Club to open its product range to brokers and their landlord clients.

The platform, which offers P2P loans for prime residential buy-to-let mortgages, said the partnership … Read More