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Peer2Peer Finance News | March 21, 2019

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Liam Brooke

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

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

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 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

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

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

Lendy names Robert Kelly as first ever COO

May 9, 2018 |

LENDY has appointed its first chief operating officer to support the company’s growth.

The peer-to-peer property lending platform announced on Wednesday that Robert Kelly (pictured) is taking on the role, with immediate effect.

Lendy said he brings over 25 years … Read More