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Peer2Peer Finance News | May 22, 2018

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Lending Works

Lending Works passes £100m lending milestone

April 9, 2018 |

LENDING Works has passed its £100m lending milestone, doubling its year-on-year growth.

The peer-to-peer platform consumer finance platform had lent £100,099,590 by Monday 9 April, with consumer lenders allocating an average amount of £19,339. On Monday morning there were more … Read More

Orca launches P2P investment platform

March 27, 2018 |

A NEW peer-to-peer investment platform has launched, enabling investors to diversify across multiple providers.

The new offering, from P2P analysis firm Orca, aims to make the investment process easier and quicker by doing the due diligence on the behalf of … Read More

Lending Works calls for tax wrapper for all ISAs

March 23, 2018 |

LENDING Works has given its backing to the creation of an ISA wrapper that encompasses all types of tax-free savings in one place.

The peer-to-peer lender, which launched its Innovative Finance ISA (IFISA) in February 2017, has warned that politicians mustn’t … Read More

Six best IFISAs named by 4th Way’s new comparison service

March 21, 2018 |

LANDBAY and Lending Works are among the six best Innovative Finance ISA (IFISA) providers on the market, according to the new comparison service from peer-to-peer analysis firm 4th Way.

The tax wrappers offered by the buy-to-let specialist and consumer lender … Read More

P2P default forecasts are rising, but should investors worry?

February 22, 2018 |

DEFAULT forecasts across some of the main consumer peer-to-peer lending platforms have begun ticking up.

At the same time lenders have faced pressure to keep borrower rates lower to compete with cheaper loan pricing among banks and building societies.

So … Read More

Lending Works unveils Open Banking partner

February 19, 2018 |

LENDING Works has partnered with credit reference start-up Credit Kudos to provide its Open Banking infrastructure.

The peer-to-peer consumer lender said on Monday that its borrowers will use Credit Kudos to automate the process of applying for credit by removing … Read More

IFISAs: The long road

February 9, 2018 |

With the industry’s largest lenders now offering the Innovative Finance ISA, surely the tax wrapper will cement its status in the mainstream investment space this year? We provide an update on the product’s process

IT IS hoped that the 2017-18 … Read More

P2PFA member lending exceeds £8bn

January 26, 2018 |

MEMBERS of the Peer-to-Peer Finance Association (P2PFA) have lent more than £8bn since their launch, figures from the trade body reveal.

The eight P2PFA platform members – Crowdstacker, Folk2Folk, Funding Circle, Landbay, Lending Works, Market Invoice, ThinCats and Zopa – … Read More

P2P lenders gear up for Open Banking launch

January 12, 2018 |

MAJOR peer-to-peer lenders are beginning to get their propositions in order as the Open Banking customer data sharing initiative goes live on Saturday.

Under the new rules, the nine banks with the largest market share are required to adopt and … Read More

Levelling the playing field

January 9, 2018 |

Open Banking rules come into force this month with the potential to overhaul banking as we know it. Peer2Peer Finance News investigates what the changes mean for peer-to-peer lenders

IT MAY not yet be well known in the wider world … Read More