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Peer2Peer Finance News | March 21, 2018

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John Goodall

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

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

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

2018: The survival of the fittest for P2P lenders?

December 21, 2017 |

THE PEER-TO-PEER lending sector has seen little M&A activity to date and few platform closures. But could all that change in 2018?

Last year saw a number of platforms complete funding rounds to strengthen their balance sheets and provide finance … Read More

See EU later

December 5, 2017 |

The UK’s decision to split from the rest of the bloc sent shockwaves around the world, but what does it mean for peer-to-peer lending?

THERE is a blight on the land, and its name is Brexit. As we progress towards … 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

P2P sector urges chancellor to set bold housing agenda in Autumn Budget

November 13, 2017 |

THE PEER-TO-PEER lending sector has called on the chancellor to introduce a more ambitious housing programme in this month’s Budget.

There have been several rumours about the content of Philip Hammond’s first Autumn Budget, set for 22 November 2017, including … Read More

The P2P Power 50

October 2, 2017 |

PEER-TO-PEER lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.

So, who are the key players influencing the UK’s P2P sector? The inaugural Peer2Peer … Read More

Landbay unveils new hires after record month of lending

October 2, 2017 |

LANDBAY has reported a record month of lending in September, channelling £6.31m across 31 buy-to-let mortgages.

The peer-to-peer finance platform said on Monday that last month’s lending levels were higher than the two previous months combined, due to increased investment … Read More

P2P property platforms react to Corbyn’s rent cap pledge

September 29, 2017 |

PROPERTY peer-to-peer lenders have mixed opinions on how Jeremy Corbyn’s proposed rent controls would impact the market.

Speaking at this week’s Labour Party conference, the opposition leader pledged to introduce rent controls should Labour win the next election.

“We will … Read More