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Peer2Peer Finance News | November 16, 2018

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Lending Works increases lender rates to fund increased originations

November 7, 2018 |

LENDING Works has increased the rate on its five-year product in an effort to boost funds available for incoming originations.

Investors can now earn 6.5 per cent – up from six per cent previously – with the consumer peer-to-peer lender by … Read More

Consumer credit growth hits three-year low

October 29, 2018 |

GROWTH in consumer credit has slowed to its lowest level in more than three years.

Bank of England data, released on Monday, showed that personal borrowing via loans and credit cards was up 7.7 per cent on an annualised basis … Read More

Ablrate to launch blockchain-powered secondary market

October 18, 2018 |

ASSET-BACKED lender Ablrate is developing a blockchain-powered secondary market that will eventually be accessed by multiple peer-to-peer platforms and investors across the world.

David Bradley-Ward, chief executive of Ablrate, launched a partnership with blockchain software provider ASMX, which is working … Read More

Lenders report boom in demand for unsecured credit

October 11, 2018 |

LENDERS have reported a boom in demand for unsecured credit from households but have warned supply is dwindling due to tightening criteria.

The Bank of England’s third quarter credit conditions survey asked lenders about their opinion on credit conditions and … Read More

Honeycomb buzzes about originations as NAV gets sweeter

September 21, 2018 |

THE HONEYCOMB Investment Trust saw its net asset value returns (NAV) improve in August, backed by “strong origination” across all its portfolio sectors.

The alternative finance-focused investment trust posted a total NAV return of 0.67 per cent last month, up … Read More

Mortgage Business Expo

September 10, 2018 |

Mortgage Business Expo

Date: 10 October, 2018

Venue: London, Barbican

Since its launch in 2002, Mortgage Business Expo has grown to become the biggest and most essential meeting place for the financial intermediary market.

As the financial markets expand, MBE … Read More

JustUs joins Funding Options panel to help sole traders

July 25, 2018 |

JUSTUS has joined the bank referral scheme by signing up with business finance aggregator Funding Options to provide loans to sole traders.

The peer-to-peer property lender has already funded its maiden sole trader loan valued at £15,000 through Funding Options.

Read More

Lenders predict higher demand for consumer credit but supply is set to drop

July 13, 2018 |

LENDERS are anticipating an increase in demand for consumer credit in the next three months but are expecting less to be available.

The Bank of England’s second quarter credit conditions survey asked lenders about their opinion on credit conditions and … Read More

Small business and consumer lending slows in May

June 29, 2018 |

LENDING to individuals and businesses slowed across the board in May, Bank of England data shows.

Money and credit data from the Bank of England, released on Friday, revealed that annual growth in consumer credit slowed again in May following … Read More

Consumer over-indebtedness highest in London – FCA

June 20, 2018 |

THE PROPORTION of adults who are over-indebted in London is higher than in the rest of the UK, research shows.

The Financial Conduct Authority’s (FCA) Financial Lives survey found 17 per cent of Londoners are over-indebted, compared with the UK … Read More