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Peer2Peer Finance News | July 24, 2019

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New concerns emerge about FCA regulation of Lendy

July 22, 2019 |

LENDY investors have backed calls for an independent probe into the regulation of the peer-to-peer property lending platform prior to its collapse.

The latest administrator’s report on Lendy showed that the Financial Conduct Authority (FCA) had given full authorisation to … Read More

Property Partner unveils new chief exec and introduces account fee

July 17, 2019 |

PROPERTY Partner has appointed a new chief executive and has introduced new fees to the platform.

The peer-to-peer property investment platform, which crowdfunds projects and provides development loans, is now on its third chief executive in five years.

Chief financial … Read More

Lendy collapse: Who’s to blame?

July 16, 2019 |

THE collapse of peer-to-peer platform Lendy has left investors unable to access their funds and raises questions over how the platform was managed and regulated.

So, where should blame lie for Lendy’s downfall and what steps could have been taken … Read More

Lendy administrator outlines the state of collapsed P2P lender’s loanbook

July 16, 2019 |

LENDY investors are likely to receive an average of 57p on the pound for development finance and 58p for every pound from bridging loans funded on the collapsed peer-to-peer lending platform.

RSM, administrator of Lendy since its collapse in May, … Read More

Interested firms circle over Lendy but administrator sits tight

July 9, 2019 |

LENDY’S administrator has received offers to buy the collapsed peer-to-peer lender, but has not yet decided on the best course of action.

Peer2Peer Finance News understands there has been at least one formal offer to acquire the platform’s investors and … Read More

Initiative Ireland appoints new director of finance and treasury

July 8, 2019 |

IRISH peer-to-peer property lender Initiative Ireland has appointed Aisling Healey as director of finance and treasury.

Healey has over 30 years of experience in financial management. She has held senior financial roles in a variety of organisations and has experience … Read More

Landbay secures £1bn of institutional funding to grow loanbook

July 8, 2019 |

LANDBAY has secured £1bn of funding from an unnamed institutional investor to boost its mortgage lending.

The specialist buy-to-let lender Landbay said on Monday that it will use the new funding line to grow its buy-to-let book and boost its … Read More

Wellesley launches new investment platform for listed bonds

July 5, 2019 |

WELLESLEY has launched a new investment platform tailored for listed bonds, as it winds down its legacy peer-to-peer offering.

The alternative property finance provider began offering the Wellesley Property Bond on Thursday, which is listed on Euronext Dublin.

The ISA-eligible … Read More

JustUs courts advisory sector to back P2P residential mortgages

July 3, 2019 |

JUSTUS is calling on family offices, discretionary funds and financial advisers to help back its impending peer-to-peer residential mortgage product launch.

The P2P lender has invited these groups to register their interest so they can offer the investments to their … Read More

Wellesley gets set to release listed bond

June 28, 2019 |

WELLESLEY has unveiled details of its new, listed bond.

The alternative property development lender announced earlier this year that it was winding down its peer-to-peer lending and mini-bond products as it shifts towards listed bonds and is now open for … Read More