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Peer2Peer Finance News | March 26, 2019

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buy-to-let

Landbay names new head of mortgage networks and clubs to boost distribution

March 5, 2019 |

LANDBAY has appointed a new head of networks and clubs to help boost its product distribution.

The peer-to-peer lender, which specialises in buy-to-let mortgages, said on Tuesday that it has promoted Joela Jenvey from regional account manager into the role. … Read More

Buy-to-let product choice reaches post-crisis high

February 25, 2019 |

BUY-TO-LET borrowers have the greatest choice of mortgage products since the financial crisis, Moneyfacts analysis shows, despite the challenges facing the sector.

Moneyfacts found that landlords now have 2,162 buy-to-let mortgage products to choose from, the highest number since October … Read More

First-time home buyers soar while buy-to-let purchases slump

February 19, 2019 |

THE NUMBER of first-time home buyers in the UK reached a 12-year high last year, but new buy-to-let (BTL) purchases fell sharply as tax and regulatory changes weighed on the sector.

UK Finance’s mortgage trends report, released on Tuesday, revealed … Read More

Octopus Choice diversification sees investors backing 130 loans on average

January 11, 2019 |

OCTOPUS Choice investors are seeing their money spread across an average of 130 different buy-to-let and bridging loans, the peer-to-peer lender has revealed.

The platform has highlighted its approach to diversification, explaining that investors who have been backing loans for … Read More

P2P offers alternative for buy-to-let investors, says Relendex

December 11, 2018 |

RELENDEX chief executive Michael Lynn has said that the cooling of the buy-to-let (BTL) market has opened up opportunities for peer-to-peer investing.

Recent data from HMRC showed that BTL transactions fell by 11 per cent year-on-year in the third quarter of … Read More

Landbay revenue soars as number of lenders rises

September 25, 2018 |

LANDBAY saw an almost sixfold increase in its revenue last year, driven by a 59 per cent rise in the number of lenders on its platform.

The peer-to-peer buy-to-let (BTL) lender’s revenue totalled £994,495 in the year to 31 December … Read More

New mortgage lending at a 10-year high as BTL slowdown continues

September 11, 2018 |

NEW mortgage lending reached its highest level since 2008 in the second quarter, statistics from the Bank of England reveal.

New commitments increased by 19.8 per cent from the first quarter to £72.2bn, while total gross advances increased by 6.4 … Read More

Landlords split over future of traditional buy-to-let

September 5, 2018 |

LANDLORDS are split over the financial viability of the buy-to-let sector following a tax clampdown, Octopus Choice claims.

A survey by the peer-to-peer property lender said that landlords are being deterred by extra stamp duty charges and the scaling back … Read More

Nearly five million Brits considering a BTL mortgage

August 22, 2018 |

ALMOST five million UK adults have shown an interest in taking out a buy-to-let (BTL) mortgage this year, according to new research.

The survey, commissioned by Sainsbury’s Bank Mortgages, showed nine per cent of UK adults are considering becoming landlords in … Read More

Former Kuflink chief executive joins LandlordInvest

July 3, 2018 |

THE FORMER chief executive of bridging peer-to-peer lender Kuflink has been appointed to LandlordInvest’s board of advisers.

Tarlochan Garcha, who left Kuflink at the end of 2017, will join Reece Chowdhry, Rishi Khurana and Alan Gabbay on the LandlordInvest advisory … Read More