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Peer2Peer Finance News | February 23, 2018

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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

Landbay extends lending to first-time landlords

January 11, 2018 |

LANDBAY, the buy-to-let mortgage lender, has extended its lending criteria to include first-time landlords who do not currently own a residential property.

First-time buyers can apply for a buy-to-let mortgage from peer-to-peer platform Landbay if they are employed and earning … Read More

Landbay set for record £10m month of lending

December 21, 2017 |

LANDBAY is set to lend out a record £10m this month, thanks to new institutional investment into the peer-to-peer platform.

John Goodall, chief executive of the buy-to-let specialist, told Peer2Peer Finance News that Landbay will have lent out almost £40m … Read More

Buy-to-let loan sizes and volumes will shrink, says S&P

November 28, 2017 |

THE BUY-TO-LET (BTL) mortgage market will see a drop in loan sizes and origination volumes due to regulatory changes, according to research by Standard & Poor’s.

The ratings agency said on Tuesday that the Prudential Regulation Authority’s (PRA) changes to … Read More

How does LendInvest’s buy-to-let offering stack up to P2P rivals?

November 16, 2017 |

BUY-TO-LET lenders have fresh competition as LendInvest has launched a mortgage product aimed at professional landlords.

The specialist mortgage lender is using institutional funding secured from Citi to support the product, meaning it can originate far larger loans than its peer-to-peer … Read More

LendInvest enters partnership with Citi to access buy-to-let market

November 2, 2017 |

ALTERNATIVE property lender LendInvest has announced a new long-term financing partnership with Citi, as it eyes the UK’s £40bn buy-to-let (BTL) market.

LendInvest has also revealed that it now manages more than £500m of lending capital on behalf of its … Read More

Portfolio lender rules prompt Landbay to pair with eTech

October 9, 2017 |

PEER-TO-PEER mortgage lender Landbay has announced a partnership with property risk software developer eTech.

The relationship is a result of the Prudential Regulation Authority’s rule changes surrounding buy-to-let lending to ‘portfolio landlords’ – those who own at least four properties … Read More

Property P2P platforms unfazed by landlord worries

September 14, 2017 |

PEER-TO-PEER lending platforms involved in the housing market have played down concerns surrounding the predicted fall in the number of landlords investing in property over the next few years.

The latest Residential Market Survey from the Royal Institution of Chartered … Read More