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Peer2Peer Finance News | March 28, 2017

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UK Bond Network unveils IFISA with 1pc cashback sweetener

March 28, 2017 |

UK BOND Network joined the innovative finance ISA providers’ league on Tuesday, launching a tax-free wrapper that will offer interest rates of between seven per cent and 12 per cent per year on a minimum £5,000 investment.

The peer-to-peer bond … Read More

P2P lender predicts last-minute ISA sales boom

March 28, 2017 |

ALMOST 12 per cent of all ISA sales were clinched in the last five days of the 2016 tax year, according to analysis from HNW Lending.

The peer-to-peer lender, which launched its Innovative Finance ISA (IFISA) last week, said the … Read More

Lendable secures £100m investment

March 28, 2017 |

WATERFALL Asset Management has invested £100m in loans originated by Lendable, which the online consumer lender said will support the company’s next stage of growth.  

Lendable, which enables institutional, sophisticated and high-net-worth investors to finance consumer loans through its … Read More

LendInvest extends its free property developers courses

March 28, 2017 |

LENDINVEST is extending its teaching courses for property developers to four more cities this year, after its first offering was 10-times oversubscribed, the firm announced on Tuesday.

The online property finance lender, which is a member of the Peer-to-Peer Finance … Read More

Relendex gains full FCA authorisation

March 28, 2017 |

RELENDEX has become the latest peer-to-peer lender to receive full authorisation from the Financial Conduct Authority (FCA), after altering its business model.

Michael Lynn, founder of Relendex, which provides bridging and development finance loans between £100,000 and £2m, said full authorisation … Read More

Rebuilding Society readies for IFISA launch

March 28, 2017 |

REBUILDING Society is hoping to launch its Innovative Finance ISA (IFISA) on Wednesday, to capitalise on the rush of investors eager to take advantage of tax-free earnings before the end of the financial year.

The peer-to-peer business lender gained … Read More

Lendy incorporates Saving Stream under unified brand

March 27, 2017 |

LENDY is set to integrate its investor-facing platform Saving Stream with its borrower-facing Lendy brand, to support the platform’s growth and facilitate its clients’ experience.

Starting from this week, the peer-to-peer lender’s investors and borrowers will be able to use the same … Read More

GLI Finance posts £16.5m loss after “difficult” 2016

March 27, 2017 |

ALTERNATIVE finance investment firm GLI Finance has reported a loss of £16.5m for 2016 following a “difficult year” for the group.

Much of the decline was attributed to goodwill write downs and operating losses at the firm’s peer-to-peer lending businesses Sancus Finance … Read More

LendInvest partners with loan servicing firm Pepper UK

March 27, 2017 |

LENDINVEST has partnered with Pepper UK, in what is believed to be the industry’s first partnership between a UK online property finance marketplace and an outsourced loan servicing business.

The online mortgage lender will outsource the servicing of any new … Read More

SMEs ditching overdrafts for asset based lending

March 27, 2017 |

ASSET-BASED finance is increasingly taking market share from bank overdrafts as a key source of funding for small- and medium-sized enterprises (SMEs), research claims.

Analysis by trade body the Asset Based Finance Association (ABFA) found during 2016 an average £9.5bn … Read More