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Peer2Peer Finance News | August 15, 2018

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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

Lendy to launch auto-invest wealth products

August 1, 2018 |

LENDY is expanding into the auto-investment space with two products aimed at high-net-worth (HNW) investors, under its new brand Lendy Wealth.

The peer-to-peer property lender said on Wednesday that it is launching the Lendy Wealth365 account, which will offer returns … Read More

Lendy continues hiring spree

July 25, 2018 |

LENDY has continued its recent hiring spree with the addition of commercial mortgages veteran Terry Pritchard as head of origination.

Pritchard (pictured) joins the peer-to-peer property platform from Channel Equity Finance where he was managing director.

He has over 30 … Read More

Lendy appoints former banker as CFO

July 24, 2018 |

LENDY has appointed former JP Morgan banker Kieran O’Connor (pictured) as its new chief financial officer.

O’Connor is joining the peer-to-peer property platform from growth and special situations fund Cortin Capital Partners.

Prior to Cortin he worked for credit fund … Read More

Living without EU

July 13, 2018 |

With the Brexit deadline looming ever closer, what does the future look like for UK peer-to-peer lending after we exit the bloc? 

If a week is a long time in politics, two years must seem like a lifetime. But that … Read More

Lendy secures full FCA authorisation

July 11, 2018 |

LENDY has become the latest peer-to-peer lender to achieve full authorisation from the Financial Conduct Authority (FCA).

The property loans platform had launched in 2012 and was operating on interim permissions while the FCA assessed its application.

Its loanbook has … Read More

Croydon top UK hotspot for risky mortgage lending

July 9, 2018 |

CROYDON is the UK’s number one hotspot for high-risk mortgage lending, research shows.

In 2017, 463 risky mortgages were taken out by residents of the south London town, up 11 per cent from 419 the previous year.

This compares with … Read More

Lendy loanbook hits £400m as banks withdraw from development finance

July 5, 2018 |

LENDY has reached £400m of loans, boosted by banks withdrawing from development finance, the peer-to-peer platform has announced.

The property lender said that overall lending to small developers had been cut by banks, which had helped grow its pipeline.

The … Read More

Lendy queries bank tactics as “high-risk” mortgages soar

June 25, 2018 |

LENDY has questioned the strategy of lenders after it emerged that there has been a 15 per cent jump in approvals for “high-risk” mortgages.

The peer-to-peer property lender said on Monday that it makes no sense that lending to homeowners … Read More

Rebuildingsociety boss takes helm at InvestUp

June 18, 2018 |

PEER-TO-PEER investment aggregrator InvestUp has installed Rebuildingsociety boss Daniel Rajkumar as temporary chief executive while it searches for a replacement for Chris Bradbury who left at the end of 2017.

InvestUp was purchased by the White Label Company – owned … Read More