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Peer2Peer Finance News | July 20, 2018

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Government to open £2m rental payment data challenge in the new year

December 6, 2017 |

A GOVERNMENT challenge offering a £2m prize for developing a solution for rental payment history to be recognised in credit scores will open in January, the Treasury has confirmed.

The competition, dubbed the Rent Recognition Challenge, was first mentioned in last … Read More

Was the Budget boom or bust for personal finance?

November 24, 2017 |

PEER-TO-PEER lenders are split about the outcome of the Budget for people’s finances.

RateSetter said there was “a notable absence of measures to help people put away more for the future” in Wednesday’s fiscal event, but Lending Works called it … Read More

EIS overhaul to boost innovative firms

November 23, 2017 |

THE GOVERNMENT’S overhaul of enterprise investment scheme (EIS) rules have been welcomed as a boost for the UK’s more innovative businesses.

Delivering his Autumn Budget yesterday, chancellor Philip Hammond (pictured) doubled the annual allowance for EIS investors in knowledge-intensive companies … Read More

Budget: Personal savings allowance ‘hampered’ IFISA take-up

November 22, 2017 |

TAKE-UP of the Innovative Finance ISA (IFISA) has been hampered by the personal savings allowance and the slow regulatory authorisation process, the Office for Budget Responsibility (OBR) claims.

The government’s independent public finances watchdog questioned why subscriptions for the tax wrapper … Read More

Budget: P2P lenders welcome £44bn housebuilding package and stamp duty cut

November 22, 2017 |

PROPERTY-FOCUSED peer-to-peer lenders have welcomed the chancellor’s housing measures outlined in the Budget, which include £44bn of funding and the scrapping of stamp duty for most first-time buyers.

In Wednesday’s speech, Philip Hammond outlined “an ambitious plan to tackle the … Read More

Budget unveils £20bn action plan to support tech scale-ups

November 22, 2017 |

THE CHANCELLOR has unveiled a £20bn ‘action plan’ to help innovative firms scale up, in order to achieve the goal of helping a new tech business launch every half hour.

Philip Hammond (pictured) used Wednesday’s speech to detail new measures … Read More

Budget: P2P calls for better access to finance for SMEs and higher ISA limit

November 21, 2017 |

PEER-TO-PEER lenders have outlined some of their hopes for Wednesday’s Budget, including calls to improve small- and medium-sized enterprises’ (SME) access to finance and a larger tax-free ISA allowance.

Liam Brooke, co-founder of property platform Lendy, said the top priority … Read More

Budget: Assetz investors call for housebuilding reforms

November 21, 2017 |

ASSETZ Capital’s investors want to see the issue of affordable housing addressed in this week’s Budget.

The secured business and property peer-to-peer lender surveyed over 850 of its investors for the Assetz Capital Investor Barometer, released on Tuesday.

It found … Read More

SMEs doubt Budget will meet their needs

November 21, 2017 |

AROUND two-thirds of small- and medium-sized enterprise (SME) bosses do not believe this week’s Budget will address their concerns.

That’s according to the latest Aldermore Future Attitudes study, which surveyed more than a thousand decision-makers at small and medium-sized businesses … Read More

Lending Works urges chancellor to dig deeper for tech

November 17, 2017 |

THE CHANCELLOR has a chance to “dig a little deeper” to support the tech sector in his Budget next week, Lending Works has said.

The peer-to-peer platform has given its backing to the government’s financial support for the tech sector … Read More