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Peer2Peer Finance News | August 21, 2017

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Honeycomb returns to form with 0.65 per cent NAV increase

August 21, 2017 |

HONEYCOMB Investment Trust saw its net asset value (NAV) grow by 0.65 per cent in July, raising its year-to-date returns to 5.81 per cent.

This represents a return to form for the trust, which saw its NAV drop from 1.8 … Read More

Finance Magnates London Summit

August 21, 2017 |

Date: 14-15 November 2017

Venue: Old Billingsgate, London

Now in its sixth year, Finance Magnates is proud to present the biggest London Summit yet.

As the trading space is shifting on both the retail and institutional levels, this massive event brings … Read More

Dearth of financial education leaves investors unprepared

August 21, 2017 |

98 PER CENT of retail investors believe they left school with insufficient understanding of finance, with two thirds saying they would have made better decisions if they had exposure to financial education in school.

Research from The Share Centre, released … Read More

P2P student lender raises £186m for US expansion

August 21, 2017 |

A PEER-TO-PEER student lender that shares backers with Funding Circle and Zopa has raised $240m (£186.2m) to expand in the US.

Prodigy Finance announced on Monday that it has raised $40m from an equity funding round, led by venture capital … Read More

Funding Circle scraps manual lending and re-jigs rates

August 21, 2017 |

FUNDING Circle is scrapping its manual lending option for investors, changing its rates and updating its terms and conditions.

The ‘big three’ peer-to-peer lender said on Monday that it will launch an updated version of its autobid and autosell lending … Read More

Lendy warns housing shortage is pushing buyers to high risk mortgages

August 21, 2017 |

A LACK of lending to developers coupled with a boom in high-risk mortgage lending risks overstretching current homeowners, Lendy claims.

A freedom of information request to the Bank of England by the peer-to-peer property platform found high-risk mortgages – those … Read More

RateSetter withdraws from P2PFA after breaching transparency rules

August 18, 2017 |

RATESETTER has said that it is leaving the Peer-to-Peer Finance Association (P2PFA) after breaching the trade body’s rules.

“Membership requires adherence to the P2PFA Operating Principles including transparency,” said the ‘big three’ peer-to-peer lender in a blog post on its … Read More

Small is beautiful

August 18, 2017 |

Small businesses are the lifeblood of the UK economy – and of many peer-to-peer lenders. The Federation of Small Businesses’ policy director Martin McTague (pictured) talks to Peer2Peer Finance News about the funding gap, Brexit and “corporate bullying”…

IT’S NOT … Read More

Landbay raises more than £2.4m on Seedrs

August 18, 2017 |

LANDBAY has raised more than £2.4m in its latest funding round on Seedrs, to support its expansion plans.

The peer-to-peer lender, which specialises in buy-to-let mortgages, raised £2,440,266, comfortably exceeding its target of £1.5m.

The London-headquartered firm has raised around … Read More

Property focus helps BondMason boost returns

August 18, 2017 |

A SHIFT towards property loans has helped BondMason achieve annual returns of 8.52 per cent over the past three years, the peer-to-peer investor has reported.

The fund, which aims to get its clients an eight per cent return by selecting … Read More