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Peer2Peer Finance News | April 21, 2018

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Rising interest rates tipped to boost P2P returns

April 20, 2018 |

PEER-TO-PEER investors are expected to see better returns once the Bank of England follows through with its long-awaited series of interest rate rises, according to Lending Works.

The P2P platform said in a blog post that when the Bank of … Read More

Honeycomb share sale proves sweet for investors

April 20, 2018 |

HONEYCOMB Investment Trust sailed through its latest fundraising on Thursday to raise gross proceeds of £100m from a share sale, brushing off concerns about an unorthodox approach to the equity issuance.

The alternative-finance focused fund placed 9.52m shares at £10.50 … Read More

P2P Global Investments brings UK banking expert on board

April 20, 2018 |

P2P GLOBAL Investments (P2PGI) has brought in UK finance veteran David Fisher as an independent non-executive director.

Fisher received approval from the Financial Conduct Authority on Thursday to join the £833m alternative finance-focused investment trust’s board, bringing a wealth of … Read More

Gone in 98 minutes! Blend Network sees surge in property loans

April 20, 2018 |

A PEER-TO-PEER lending platform aiming to be “Goldman Sachs of P2P” has reached £2m of lending in less than four months, with its latest development loan getting backed within 98 minutes.

Blend Network offer asset-backed property loans to retail and … Read More

More millennials building property portfolios with crowdfunding

April 19, 2018 |

AN INCREASING number of millennials are investing via crowdfunding to get exposure to the property market, according to research from Shojin Property Partners.

The property crowdfunding platform said on Thursday that it has seen a 20 per cent increase in … Read More

Government urged to help small homebuilders access alternative finance

April 19, 2018 |

THE UK government is not doing enough to encourage small- and medium-sized (SME) property investors and developers to access alternative financing, according to a new report by specialist property lender LendInvest.

In the report released on Thursday, called Putting Finance … Read More

P2P lending set to pass £9bn milestone

April 19, 2018 |

LENDING at the UK’s largest peer-to-peer finance platforms is fast approaching £9bn.

Data from the industry’s trade body the Peer-to-Peer Finance Association (P2PFA), released on Thursday, showed its eight members – Crowdstacker, Folk2Folk, Funding Circle, Landbay, LendingWorks, MarketInvoice, ThinCats and … Read More

Landbay raises £1.6m in latest Seedrs funding round

April 19, 2018 |

PEER-TO-PEER lender Landbay has raised £1.6m in its sixth round of equity crowdfunding on the Seedrs platform, as the company reaffirms its ambition to become profitable by the end of the year.

Landbay, which specialises in buy-to-let mortgages, caught the … Read More

Honeycomb looks to raise £100m in a day

April 19, 2018 |

HONEYCOMB Investment Trust is looking to raise up to £100m through its latest fundraising.

The alternative-finance focused fund announced it would embark on a series of share issues last year and has announced plans to place up to 9.52m shares … Read More

First-time house buyers consider alternative finance options

April 18, 2018 |

ALMOST half of first-time property buyers in the UK are considering using alternative finance to help raise a deposit, according to new research.

The research conducted by high street bank Santander found that more than 40 per cent of first-time … Read More