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Peer2Peer Finance News | April 23, 2019

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Mystery over Lendy senior leadership continues

April 5, 2019 |

LENDY has insisted its first ever chief operating officer Robert Kelly is still with the business but his role remains unclear.

Kelly (pictured) joined the peer-to-peer property lending platform as its first-ever chief operating officer in May 2018, but he has left … Read More

Lendy rejigs recoveries board just three months after it launched

April 1, 2019 |

LENDY has reshuffled its senior leadership team, as it moves to reassure investors about its progress in recovering bad debts.

The peer-to-peer property lending platform confirmed in an investor update that three members of a board established to focus on … Read More

Is all plain sailing among Lendy leadership?

March 26, 2019 |

MYSTERY surrounds the current make-up of Lendy’s senior leadership team.

Several individuals appointed last year to great fanfare now appear to have quietly left the peer-to-peer property lending platform, which has been battling a slew of bad publicity over mounting … Read More

Lendy promises progress on nine suspended loans before Christmas

December 18, 2018 |

LENDY has suspended investment into nine loans from a single borrower on its peer-to-peer property lending platform as it claims to be making progress in getting lenders repaid.

The borrower, whose portfolio includes a site in Bradford, has committed to … Read More

Lendy apologises for pace of loan repayments

December 6, 2018 |

LENDY has written to investors to apologise for repayment delays and has pledged to improve its governance, financial controls, liquidity, collections and compliance.

Investors on the peer-to-peer property lending platform have been concerned about high levels of arrears in recent … Read More

Are P2P investors better off selling bad loans or relying on recovery?

November 6, 2018 |

LENDY is reportedly in talks with distressed debt investors to sell some of its defaulted loans so investors can get repaid. How common is this approach or should it be considered as another risk of peer-to-peer lending?

P2P property platform Lendy … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

P2P platforms reassure investors over risks of borrower litigation

October 30, 2018 |

PEER-TO-PEER lending platforms have moved to reassure their customers, after it emerged that Lendy investors are possibly facing legal action from a borrower.

A property developer who borrowed money from Lendy is threatening to sue the P2P property platform and its … Read More

P2P firms urged to be cautious about borrower litigation risks

October 25, 2018 |

LENDY’S legal dispute with a borrower is predicted to make other peer-to-peer lending platforms more aware of the risks of counter claims as part of the recovery process.

It emerged this week that Lendy and its investors are facing a possible £10m … Read More

Investors and platforms uneasy over Lendy loanbook

October 23, 2018 |

LENDY investors have been thrown into disarray amid a legal dispute with a borrower and high levels of arrears on the platform.

One of the peer-to-peer property lender’s borrowers is threatening to sue both the platform and its investors for … Read More