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Peer2Peer Finance News | June 22, 2017

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Posts By Kathryn Gaw

Carney shoots down speculation of rate increase

June 20, 2017 |

BANK OF England Governor Mark Carney (pictured) has hinted that there will not be an increase in the base rate for some time, which could spell good news for peer-to-peer lending platforms.

His comments came less than a week after … Read More

How rising inflation will impact small businesses

June 16, 2017 |

Everybody knows that rising inflation means an increase in the cost of living. But not everyone realises that the effect on small- and medium-sized enterprises (SMEs) can be much more severe.

Earlier this week, it was announced that the Consumer … Read More

Sancus increases Northern profile with new hire

June 15, 2017 |

SANCUS FINANCE has expanded its presence in the North of England by hiring Jennifer Roberts in the newly-created role of regional manager – north.

Roberts will be based in Manchester and will be responsible for increasing awareness of the P2P … Read More

JustUs modifies ‘Rainyday’ fund to cover interest only

June 15, 2017 |

JUSTUS will no longer cover capital payments under the terms of its ‘Rainyday’ pot, in a remodelling of its provision fund.

Effective immediately, the firm will only cover the interest on unsecured loan payments and not capital. This applies to … Read More

Warhol prints and football clubs – the most unusual P2P investments revealed

June 14, 2017 |

PEER TO PEER investors are now profiting from modern art, football clubs, farming and marinas, according to new data from 4thWay.

The P2P ratings agency has revealed five of the most unusual investments across more than 15 platforms, and found … Read More

ThinCats hires SME veteran for loan origination role

June 14, 2017 |

THINCATS has appointed Natwest SME veteran John Brooks as origination manager, in the latest high profile hire at the peer-to-peer pioneer.

Brooks has spent 30 years working with UK-based SMEs, and joined ThinCats from Natwest, where he spent 12 years … Read More

Property loans reach £23m at HNW Lending

June 14, 2017 |

HNW LENDING has passed £23m in property loans, as growth is projected to continue. This comes as the company announced that it completed £14m in loans in the year to March 2017.

The lender is now forecasting “strong growth” in … Read More

TISA lobbies for P2P inclusion in SIPPs amid advisor outreach

June 13, 2017 |

THE TAX INCENTIVISED SAVINGS ASSOCIATION (TISA) is lobbying both HMRC and the FCA to include P2P investments in self invested personal pensions (SIPPs), as it continues to reach out to financial advisors on behalf of the industry.

Jeffrey Mushens, technical … Read More

Lendy continues its expansion with three new senior hires

June 13, 2017 |

LENDY has continued its expansion with three senior hires in newly-created positions.

Shane Lewin (pictured) has joined the P2P platform as compliance officer, Shaun Reynolds has been named development finance support manager, and Pamela Guillamon has been appointed international marketing … Read More

A helping hand

May 22, 2017 |

Brokers and financial advisers have the power to send millions of new lenders and borrowers into the P2P sector, so what’s holding them back?

Depending on who you ask, financial intermediaries are either utterly essential or completely irrelevant to the … Read More