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Peer2Peer Finance News | February 23, 2018

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UK mortgage approvals slump to lowest level since 2013

January 25, 2018 |

MORTGAGE approvals hit record lows at the end of 2017, new lending data reveals.

Figures from trade body UK Finance, released on Thursday, showed that banks approved 36,115 mortgages in December – the lowest figure since April 2013.

The value … Read More

Landbay eases stress tests for portfolio landlords

January 16, 2018 |

LANDBAY has altered its stress tests for portfolio landlords applying for buy-to-let loans on the platforms.

The buy-to-let peer-to-peer lender will now require rents to cover 125 per cent of the mortgage at an interest rate of five per cent, … Read More

Safety net for struggling home owners shrinking

December 11, 2017 |

THE GOVERNMENT’S financial safety nets for UK homeowners have been shrinking over the past decade, a report has found.

A safety net for individual home buyers in the UK was put in place during the deep recession of the early … Read More

Consumer borrowing surges ahead of forecast rate rise

October 30, 2017 |

NEW figures from the Bank of England have revealed that consumer lending rose 9.9 per cent in September compared to the same month last year.

Data from the central bank, released on Monday, showed that net consumer credit increased by … Read More

Property Pact launches P2P loans for mortgage deposits

September 6, 2017 |

A NEW peer-to-peer platform offering to fund mortgage deposits for homebuyers will have its first borrowers live on the platform in the next two weeks.

Property Pact has been set up by former mortgage broker and developer Errol Woodhouse.

He … Read More

The Finance Professional Show 2017

August 30, 2017 |

The Finance Professional Show 2017

Date: 8 November 2017

Venue: Olympia Central, London

The Finance Professional Show is the industry’s must-attend exhibition in London for all finance professionals. Individuals and firms specialising in residential mortgages, secured loans, commercial finance, bridging … Read More

Lendy warns housing shortage is pushing buyers to high risk mortgages

August 21, 2017 |

A LACK of lending to developers coupled with a boom in high-risk mortgage lending risks overstretching current homeowners, Lendy claims.

A freedom of information request to the Bank of England by the peer-to-peer property platform found high-risk mortgages – those … Read More

Positive Lending joins Landbay’s panel of distribution partners

August 11, 2017 |

PEER-TO-PEER buy-to-let lender Landbay has added Positive Lending to its panel of distribution partners.

The partnership means Positive Lending, which assists more than 3,000 intermediaries with loan inquires a year, will be able to give buy-to-let clients access to P2P … Read More

UK housing market still under pressure, Landbay chief warns

April 20, 2017 |

UPBEAT mortgage lending figures published on Thursday do not necessarily mean the UK housing market is off the hook, Landbay’s chief executive has warned.

The Council of Mortgage Lenders reported a 19.4 per cent increase in mortgage origination in March, partly soothing fears … Read More

Landbay cuts rates and fees in quest for new borrowers

March 31, 2017 |

LANDBAY has stepped up its quest for new borrowers by cutting its interest rates and arrangement fees and broadening its eligibility criteria.

The property peer-to-peer lending platform has slashed rates on two-year loans by 12 per cent and on five-year loans … Read More