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Peer2Peer Finance News | April 22, 2018

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Lendy: Carillion collapse dampened commercial property lending

April 16, 2018 |

THE COLLAPSE of Carillion contributed to an unexpected four per cent decline in commercial property lending in January, according to Lendy.

The peer-to-peer property platform said that the closure of the former construction giant has created nervousness amongst many mainstream … Read More

Lendy hits 20,000 investor milestone

March 15, 2018 |

LENDY has seen 50 per cent year-on-year growth in its investor base, with 20,000 individuals now signed up to the peer-to-peer lending platform.

The secured property finance provider said on Thursday that around 7,000 new investors have joined Lendy in … Read More

Lendy repays five loans in February

March 8, 2018 |

LENDY, the peer-to-peer property platform, repaid five loans in full in February to investors.

The repaid loans had an average interest rate of eight per cent a year.

They included £2.3m secured against a luxury apartment in Cheyne Gardens, Chelsea; … Read More

Lendy investors to get a vote on overdue loans

March 6, 2018 |

LENDY is introducing a new voting system for its investors to have a say over what happens with loans they are funding that are facing issues.

The peer-to-peer property lender released new terms and conditions on Monday detailing a new … Read More

Lendy: More farm building conversions could tackle housing crisis

February 19, 2018 |

THE NUMBER of conversions of farm buildings into new homes fell by 20 per cent in 2016/17, according to peer-to-peer property lending platform Lendy.

Just 1,511 agricultural-to-residential conversion applications were approved, down from 1,890 in the previous year, … Read More

Lendy enjoys record year as profits surge to £3.3m

February 15, 2018 |

LENDY had a record year in 2016, with profits surging from £53,000 to £3.3m and turnover increasing by 224 per cent to £29.2m.

The peer-to-peer property lending platform said on Thursday that 2016 was a year of significant progress, both … Read More

P2P platforms gear up for new data rules

February 14, 2018 |

PEER-TO-PEER lenders are starting to prepare for new rules on protecting data.

The General Data Protection Regulation (GDPR) will replace the Data Protection Act (DPA) from 25 May 2018, requiring customers to ‘opt in’ to any form of consent rather … Read More

Lendy reveals how P2P can boost cash ISA savings

February 13, 2018 |

INVESTORS who include peer-to-peer investments alongside their cash ISAs can substantially increase overall returns with only limited downside, Lendy claims.

The property lending platform assessed the performance of £100 either held just in a cash ISA paying two per cent … Read More

Lendy: Labour councils more likely to grant planning permission

February 12, 2018 |

PROPERTY developers in Labour-run local authorities are more likely to have planning applications granted than those in Conservative areas, research claims.

Peer-to-peer property platform Lendy found the gap between Labour-led and Conservative-led councils’ residential planning application approval rates is now … Read More

Lendy unveils new hires including finance head

February 8, 2018 |

LENDY has unveiled a raft of new appointments to support the company’s growth.

The peer-to-peer secured property lender said on Thursday that it has hired accounting veteran Andrew Wawrzyniak (pictured) as its new head of finance. Wawrzyniak was previously head … Read More