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Peer2Peer Finance News | June 20, 2018

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Lenders warn of BTL mortgage rate hike

May 29, 2018 |

PEER-TO-PEER property lenders have warned that a buy-to-let mortgage rate hike could be on the cards amid expectations of a rise in interest rates.

Although the Bank of England decided to hold UK interest rates at 0.5 per cent at … Read More

LandlordInvest almost doubles loanbook thanks to IFISA boost

May 9, 2018 |

LANDLORDINVEST has almost doubled the size of its loanbook in the first five months of 2018, the platform’s latest data shows.

The peer-to-peer buy-to-let lender has released its latest loanbook statistics, for the period between the start of January and … Read More

Landbay: Average rents in England dragged down by declines across London

May 3, 2018 |

FALLING rents in London are dragging down average returns from property in the rest of England, Landbay has said.

The peer-to-peer lending platform’s latest rental index, shows the average rent for a property in England grew by 0.64 per cent … Read More

Kuflink opens 100 per cent of loans to investors

April 27, 2018 |

INVESTORS are now able to fund the full amount of a loan on the Kuflink platform, the property peer-to-peer lender has announced.

Previously, the company made 80 per cent of each loan available to investors and invested the remaining 20 … Read More

LandlordInvest hits £1m on its secondary market

March 13, 2018 |

PEER-TO-PEER buy-to-let lender LandlordInvest has reached £1m of sales on its secondary market.

The platform, which launched its secondary market last year, announced 1,393 loan sales have been completed, worth an average of £730.

The highest loan sale was £50,000 … Read More

Landbay ready to seize lending opportunities as cheap bank funding ends

March 7, 2018 |

LANDBAY founder John Goodall has warned banks will struggle to lend without the cheap money from the Bank of England’s Term Funding Scheme (TFS).

The scheme, which launched in September 2016 and gave banks access to cheap money on the … Read More

Landbay expands into HMO buy-to-let loans

February 26, 2018 |

LANDBAY has broadened its product proposition into lending for landlords managing houses in multiple occupation (HMO.)

The peer-to-peer buy-to-let lender will now offer products focusing on landlords with HMOs, a specialist area that banks often avoid.

The lender will offer … Read More

UK mortgage approvals slump to lowest level since 2013

January 25, 2018 |

MORTGAGE approvals hit record lows at the end of 2017, new lending data reveals.

Figures from trade body UK Finance, released on Thursday, showed that banks approved 36,115 mortgages in December – the lowest figure since April 2013.

The value … Read More

Half of new BTL loans ‘will be loss-making by 2021’

January 24, 2018 |

MORE than half of buy-to-let (BTL) loans originated since 2014 will become loss-making by the time recent tax changes become fully effective, a report has warned.

S&P Global Ratings, which analysed 160,000 securitised BTL loans, of which 97 per cent … Read More

Landbay eases stress tests for portfolio landlords

January 16, 2018 |

LANDBAY has altered its stress tests for portfolio landlords applying for buy-to-let loans on the platforms.

The buy-to-let peer-to-peer lender will now require rents to cover 125 per cent of the mortgage at an interest rate of five per cent, … Read More