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Peer2Peer Finance News | April 23, 2019

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Brexit

Initiative Ireland enters UK P2P market with corporate accounts

April 15, 2019 |

IRISH peer-to-peer property lender Initiative Ireland has entered the UK market.

It will offer corporate lending accounts that let companies back its development projects through a new subsidiary called Initiative Financial Services UK.

The minimum investment for companies will be … Read More

JustUs chooses Amsterdam for first stage of European expansion

March 29, 2019 |

JUSTUS has identified the Netherlands as its first European base as it eyes international expansion.

Lee Birkett, chief executive of the peer-to-peer lending platform, said the lender has already registered with the Netherlands regulatory authority and was waiting for Brexit … Read More

UK public ‘cares more about Blue Planet than Brexit’

March 28, 2019 |

ETHICAL peer-to-peer platform Abundance Investment has found that UK adults are more concerned with reducing plastic waste than worrying about Brexit.

The firm polled 2,000 adults for its Great British Money Survey, aiming to discover the key ethical and environmental … Read More

Gloomy lenders predict sliding UK property values in 2019

March 21, 2019 |

LENDERS are pessimistic on the prospects for UK commercial property values, with three-quarters expecting prices to fall this year, new research has found.

The research comes from Link Asset Services’ Real Estate Market Trend Analysis, which surveys UK lenders to … Read More

Fintechs blame Brexit for struggle to recruit

March 19, 2019 |

THE UK’s fintech firms are struggling to recruit the best talent in the face of Brexit, a new report claims.

The ‘Fuelling Fintech’ report from TheCityUK, which promotes Britain as a financial centre, and recruitment firm Odgers Berndtson, said Brexit … Read More

Nicola Horlick warns no-deal Brexit will hurt asset-backed lenders

March 15, 2019 |

MONEY&CO founder Nicola Horlick (pictured) has warned that a no-deal Brexit could hurt peer-to-peer lending platforms which rely on asset-backed investments.

Horlick, who earned the moniker ‘City superwoman’ while juggling a successful investment management career and family life, told Peer2Peer … Read More

SME finance demand down on Brexit uncertainty

March 14, 2019 |

SMALL- and medium-sized enterprises (SMEs) are putting off seeking funding due to ongoing Brexit-related economic uncertainty.

According to the latest SME Finance Monitor from research agency BVA BDRC, just four per cent of SMEs had applied for finance in 2018.

Read More

Mortgage lending dips in January

February 26, 2019 |

RESIDENTIAL mortgage lending dipped in January, as economic uncertainty in the lead-up to Brexit made buyers and sellers cautious.

UK Finance household lending and deposits data revealed that gross mortgage lending across the residential market in January 2019 was £21.6bn, … Read More

Revolut chief calls for tech visa scheme to plug Brexit skills gap

February 21, 2019 |

THE CHIEF executive of unicorn digital bank Revolut has urged the UK government to create specialised visas for technology professionals to bridge the skills gap and protect the fintech sector post-Brexit.

Revolut co-founder and former Credit Suisse trader Nik Storonsky … Read More

SMEs look to alternative funders in case of no-deal Brexit

February 15, 2019 |

SMALL businesses are looking at alternative lenders to solve their cashflow issues in the event of a no-deal Brexit, according to small- and medium-sized enterprise (SME) funding platform Swoop.

Andrea Reynolds, chief executive and co-founder of Swoop, told Peer2Peer Finance … Read More