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Peer2Peer Finance News | December 19, 2018

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Lendy

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

Lendy widens access to wealth product ahead of IFISA launch

September 3, 2018 |

THE MINIMUM investment on the Lendy Wealth account has been cut from £50,000 to £10,000 just weeks after launch, as the peer-to-peer property platform prepares to launch its Innovative Finance ISA (IFISA).

The move had prompted investor queries over the … Read More

Lendy appoints former banker as NED

August 15, 2018 |

PEER-TO-PEER property lender Lendy has appointed Nigel Boothroyd, the former HSBC corporate banker, as a non-executive director (NED).

Boothroyd (pictured) spent 38 years at HSBC Group and his last position was regional head of Lending & Transaction Management, Europe.

He … Read More

Property investment firm Sourced enters P2P space

August 6, 2018 |

PROPERTY investment network Sourced has entered the peer-to-peer lending sector and plans to launch an Innovative Finance ISA (IFISA) by the start of 2019.

The Cheshire-based firm connects individuals with property investment opportunities and also operates a franchise model, for … Read More