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Peer2Peer Finance News | July 19, 2019

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property loans

Lendy execs launch wage advance firm

May 1, 2019 |

LENDY co-founder Liam Brooke and former chief operating officer Robert Kelly have launched a separate company to enable firms to provide wage advances to employees.

Companies House documents show Brooke and Kelly, whose current role at Lendy remains a mystery, … Read More

Questions remain as Collateral moves toward liquidation

April 29, 2019 |

COLLATERAL’S administrator is still investigating discrepancies in the valuation of assets and bank account balances as the peer-to-peer lender prepares to be moved into liquidation.

A final report from BDO, which took over the administration of the collapsed platform in … Read More

CrowdProperty adjusts rates to offer lower LTV loans

March 27, 2019 |

CROWDPROPERTY has launched a range of projects offering lower rates than usual for investors in return for higher levels of security.

The peer-to-peer property lending platform typically offers rates of around eight per cent but is set to list two … Read More

Collateral investors still waiting on returns six months into administration

November 27, 2018 |

THE administrator of collapsed peer-to-peer lender Collateral is still unable to estimate the likely returns for investors and creditors six months into the administration.

A progress report from BDO, which is working on the administration of Collateral, revealed it was … 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

Investors face tax quandary on defaulted property loans

April 6, 2018 |

PEER-TO-PEER investors are being encouraged to seek tax advice or use their own judgement on defaulted loans that are secured by property rather than waiting on recoveries.

Investors have taken to the P2P Independent Forum to raise concerns about several … Read More

Lendy investors to get a vote on overdue loans

March 6, 2018 |

LENDY is introducing a new voting system for its investors to have a say over what happens with loans they are funding that are facing issues.

The peer-to-peer property lender released new terms and conditions on Monday detailing a new … Read More

Octopus Choice opens IFISA for transfers

January 18, 2018 |

PEER-TO-PEER property lender Octopus Choice has opened its Innovative Finance ISA (IFISA) up for transfers.

New and existing clients can transfer some or all of their ISA investments into the Octopus Choice ISA, which targets a four per cent return … Read More

Lendy considers offering auto-invest products

November 3, 2017 |

LENDY is seeking views from investors on the introduction of an auto-invest product.

The peer-to-peer property lender has issued a survey to its customers to find out their views on a product that would self-select loans for lenders.

It currently … Read More

LendInvest enters partnership with Citi to access buy-to-let market

November 2, 2017 |

ALTERNATIVE property lender LendInvest has announced a new long-term financing partnership with Citi, as it eyes the UK’s £40bn buy-to-let (BTL) market.

LendInvest has also revealed that it now manages more than £500m of lending capital on behalf of its … Read More