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Peer2Peer Finance News | February 18, 2019

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Posts By Marc Shoffman

Property Pact readies to put first projects on platform

February 12, 2019 |

PROPERTY Pact has revealed its first projects are set to be funded in the coming months after the platform adapted its borrower terms.

The peer-to-peer lending platform – which lets investors back deposits for mortgage borrowers – was launched by … Read More

RateSetter IFISA attracts £175m in first year

February 12, 2019 |

RATESETTER’S Innovative Finance ISA (IFISA) has attracted £175m in its first year.

The data spans two tax years but the peer-to-peer lending platform said the IFISA money now represents one fifth of its £830m funds under management.

Almost one quarter … Read More

Banks snubbing small retailers over concerns of health of the high street

February 11, 2019 |

UK BANK lending to small- and medium-sized retail businesses fell by four per cent last year, due to concerns about the challenges facing the sector.

Research by alternative finance aggregator Funding Options found smaller retailers borrowed £14.9bn from banks in … Read More

RateSetter expands property development finance team

February 8, 2019 |

RATESETTER has expanded its property development finance team in the South West of England with the appointment of Ian Granger as business development manager.

Granger, who has worked in business banking for HSBC, NatWest and most recently for structural warranty … Read More

GLI Finance to close P2P supply finance platform

February 8, 2019 |

GLI FINANCE has announced it will close its loss-making peer-to-peer supply chain finance platform, blaming worsening market conditions and a £1.1m hit from an insolvent borrower.

The Aim-listed alternative finance group said on Friday that Sancus Finance is set to … Read More

IFISAs: Plenty to play for

February 8, 2019 |

The Innovative Finance ISA has been boosted by the ‘big three’ lenders unveiling their tax-free products, but are they now helping or hindering the competition? 

THE MAJORITY OF peer-to-peer lenders now offer tax-free earnings through the Innovative Finance ISA (IFISA) … Read More

Worries mount over P2P promotion crackdown

February 7, 2019 |

LEGAL experts have expressed concerns that the Financial Conduct Authority (FCA) may lump peer-to-peer lending in with riskier investment products as part of its crackdown on promotions.

The City watchdog sent a ‘Dear CEO’ letter to all regulated firms last … Read More

Nucleus Commercial Finance secures £40m backing from M&G

February 7, 2019 |

NUCLEUS Commercial Finance has secured a £40m funding line from M&G Investments (M&G).

The money will come through M&G’s pension funds and will help fund asset-backed lending (ABL) products for small- and medium-sized enterprises (SMEs).

Chirag Shah, chief executive of … Read More

Kuflink launches secondary market

February 7, 2019 |

KUFLINK has launched a secondary market in the first of several promised platform enhancements to come for investors and borrowers this year.

The peer-to-peer bridging lender will let investors list most loan parts on the market, although some restrictions apply … Read More

CrowdProperty trials bid limits to balance loan demand

February 6, 2019 |

CROWDPROPERTY is considering how often to use bid limits on its projects after trialling a £5,000 investment cap on a project this week.

The peer-to-peer property lender said it has received a lot of feedback about introducing bid limits so … Read More