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Peer2Peer Finance News | June 22, 2017

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Industry News

Wellesley directors were paid more than £900,000 last year

June 22, 2017 |

WELLESLEY & Co’s directors collectively pocketed £923,000 last year, while the property lender reported a full-year loss of £210,288.

Chief executive and founder Graham Wellesley was awarded the highest salary of £342,000, while co-founder Andrew Turnbull took home £244,000, according … Read More

Tech companies feeling secure from economic and political volatility

June 22, 2017 |

TECHNOLOGY companies are confident they can weather the storm of major economic events, according to new research.

A survey by accountancy and investment management group Smith & Williamson found that 90 per cent of technology businesses were optimistic about their … Read More

SMEs and P2P lenders back Brexit-heavy Queen’s Speech

June 21, 2017 |

PEER-TO-PEER lenders have heralded legislation on housing and asset-backed financing in the Queen’s Speech that should help boost their platforms.

The Queen outlined 27 bills and draft bills on Wednesday morning, with a strong focus on Brexit, but other measures … Read More

NACFB names Graham Toy as CEO

June 21, 2017 |

THE NATIONAL Association of Commercial Finance Brokers (NACFB) has named Graham Toy as its chief executive, the first permanent replacement since Adam Tyler stepped down after 11 years.

Toy joins from N&P Commercial Lending, where he held the position of … Read More

Honeycomb sees NAV sweetened by successful share placing

June 21, 2017 |

HONEYCOMB investment trust saw its net asset value (NAV) boosted in May by an oversubscribed share placing.

The alternative finance-focused investment trust saw its NAV grow 1.8 per cent or 0.77 per cent after the boost from the extra funds … Read More

Relendex passes £1m milestone on secondary market

June 20, 2017 |

MORE THAN £1m of loans have been traded on the Relendex secondary market in the first seven months of operation.

Relendex, which provides bridging and development finance loans, launched its secondary market in November 2016 and says lenders appreciate the … Read More

RateSetter’s Rhydian Lewis awarded OBE

June 19, 2017 |

RATESETTER co-founder and chief executive Rhydian Lewis (pictured) has received an OBE in the Queen’s birthday honours list, meaning that key figures from all of the ‘big three’ peer-to-peer lenders have now been officially recognised for their achievements.

Lewis gained … Read More

LendInvest hires second northern BDM to support expansion

June 19, 2017 |

LENDINVEST has hired its second business development manager (BDM) for northern England, to support its continued regional expansion.

The online mortgage lender, which is a member of the Peer-to-Peer Finance Association, has named Sophie Mitchell-Charman (pictured below) as its latest … Read More

Alternative finance could address rising restaurant cash flow woes

June 19, 2017 |

UK RESTAURANT owners risked more than £200m of their own money last year to keep their business afloat and should consider alternative finance options, new research from Funding Options claims.

The alternative finance aggregator platform found that the value of … Read More

Crowd2Fund expands into secured property lending

June 19, 2017 |

CROWD2FUND has expanded into the secured property lending sector, which it hopes will attract more risk-averse investors.

As Peer2Peer Finance News reported last month, the peer-to-peer lender will provide loans secured against commercial property from a minimum of £100,000, offering … Read More