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Peer2Peer Finance News | July 20, 2018

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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

Collateral investors may have to join queue of creditors

June 12, 2018 |

COLLATERAL investors may end up having to recoup any unpaid interest owed as a creditor of the company, the administrator of the closed peer-to-peer lending platform has revealed.

An update from BDO said its initial view was that due to … Read More

P2PGI gets a Spring boost as its NAV improves

June 5, 2018 |

P2P GLOBAL Investments (P2PGI) has expressed confidence that its revised strategy is progressing well as it saw an improvement in its net asset value (NAV) returns at the start of the second quarter.

The peer-to-peer finance-focused investment trust posted 0.41 … Read More

Loan advances boost consumer credit growth in April

May 31, 2018 |

CONSUMER credit growth increased to 8.8 per cent annually during April, driven by a boost in loans.

This was an increase from the 8.6 per cent figure recorded in March, according to Bank of England data.

Loan advances grew by … Read More

Consumer credit made up the bulk of financial complaints last year

May 30, 2018 |

THE FINANCIAL Ombudsman Service (FOS) upheld six in 10 complaints about consumer credit last year, the regulatory disputes body has revealed.

The FOS annual report for 2017/2018 found consumer credit products, which includes some peer-to-peer lending as well as payment … Read More

The House Crowd looks further north to boost loan opportunities

May 22, 2018 |

THE HOUSE Crowd has launched in Scotland as part of a range of changes to boost its lending.

The peer-to-peer property platform, which focuses on lending towards property projects mainly around northern areas such as Manchester and Liverpool, said the … Read More

RateSetter reaches £100m interest milestone

May 15, 2018 |

RATESETTER has helped investors pocket £100m of interest.

The peer-to-peer platform – launched in October 2010 – said it had paid £100m interest to investors without any lenders losing a penny.

Rhydian Lewis (pictured), chief executive of RateSetter, said the … Read More

Nucleus targets start-ups with new type of loan

May 2, 2018 |

NUCLEUS Commercial Finance is targeting start-up companies with its new loan product.

The alternative business finance provider announced the launch of Start-up Finance on Wednesday, which is tailored to help start-ups get their business off the ground.

Young companies can … Read More