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Peer2Peer Finance News | February 23, 2018

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landlords

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 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

Positive Lending joins Landbay’s panel of distribution partners

August 11, 2017 |

PEER-TO-PEER buy-to-let lender Landbay has added Positive Lending to its panel of distribution partners.

The partnership means Positive Lending, which assists more than 3,000 intermediaries with loan inquires a year, will be able to give buy-to-let clients access to P2P … Read More

LandlordInvest trials dropping secondary market charges

August 8, 2017 |

LANDLORDINVEST has temporarily removed the fees on secondary market sales with a view to permanent removal.

The peer-to-peer buy-to-let platform launched its secondary market in May and initially charged sellers 0.5 per cent on their proceeds for selling the loan.

Read More

Landbay launches accounting service for landlords

June 26, 2017 |

PEER-TO-PEER lender Landbay has launched an accounting, reporting and tax compliance service to help landlords on its buy-to-let platform.

Working with an unnamed Big Four accountancy firm, users will have access to tax advice on transferring properties from an individual … Read More