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Peer2Peer Finance News | December 19, 2018

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Personal Finance News

Consumer credit cools while mortgage approvals hit 9-month high

November 29, 2018 |

GROWTH in consumer credit slowed in October, while mortgage approvals hit a nine-month high, according to new Bank of England data.

The net amount of new consumer borrowing, excluding mortgages, came in at £0.9bn in October. This equated to a … Read More

Funding Circle launches Android app

November 29, 2018 |

FUNDING Circle has launched an Android mobile app for its investors.

The peer-to-peer business lender said that the new app went live on Thursday and can be downloaded free from the Google Play store.

“The Android app will allow you … Read More

Zopa’s asking you to discover your financial spirit animal

November 27, 2018 |

IT’S A jungle out there when it comes to financial decisions – according to Zopa.

The peer-to-peer consumer lender has launched a survey to help people discover their “financial spirit animal”.

Working with Professor Erica Fudge of the University of … Read More

One in six households apply for loans to cover household bills

November 9, 2018 |

FIFTEEN per cent of short-term loan applications are being made to cover household bills, new research has revealed.

Of the 35,000 loans peer-to-peer lender Welendus has received this year, 5,000 have been to meet the cost of regular bills.

The … Read More

Assetz investors ‘voting with their feet’ to eschew cash ISAs

November 5, 2018 |

ASSETZ Capital investors are eschewing low-yielding cash ISAs in favour of stocks and shares ISAs and Innovative Finance ISAs (IFISAs), research has found.

A survey conducted by the peer-to-peer lender in August showed that its investors have an average of … Read More

Funding Circle cuts minimum loan part size to £10

November 1, 2018 |

FUNDING Circle has lowered the minimum amount that investors can lend to individual businesses from £20 to £10.

The peer-to-peer business lender, which recently floated on the London Stock Exchange, said this would give investors greater diversification to their portfolios.

Read More

Consumer credit growth hits three-year low

October 29, 2018 |

GROWTH in consumer credit has slowed to its lowest level in more than three years.

Bank of England data, released on Monday, showed that personal borrowing via loans and credit cards was up 7.7 per cent on an annualised basis … Read More

ThinCats launches IFISA and auto-invest product

October 25, 2018 |

THINCATS has launched two new products for retail investors: its Innovative Finance ISA (IFISA) and a diversified loan portfolio product.

The peer-to-peer business lender soft launched its IFISA to existing investors on 21 September, firstly to those that had previously … Read More

Consumers shunning wealth management services

October 24, 2018 |

THE MAJORITY of consumers would not use a wealth management service even if they had £100,000 to invest, according to new research.

Even though digital services have made professional investment management more accessible than ever, less than a fifth of … Read More

Lower inflation could boost P2P investments

October 17, 2018 |

THE SURPRISE fall in the UK’s pace of inflation during September could boost investments through peer-to-peer platforms, according to lenders.

The annual rise in the consumer price index fell to 2.4 per cent from 2.7 per cent during the previous … Read More