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Peer2Peer Finance News | February 18, 2019

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Relendex

IFISA guide: Property loans

February 15, 2019 |

This month, we provide details on some of the property-focused IFISAs on the market.

CapitalRise

CapitalRise provides loans for development projects, mostly in Prime Central London. Investors self-select their loans and projects and can earn average interest rates of 10 … Read More

Savings inertia – a national missed opportunity

February 1, 2019 |

Paul Sonabend, Relendex’s chairman, reveals the scale of the missed opportunity provided by IFISAs…

ALMOST three years after it was introduced, awareness of the Innovative Finance ISA (IFISA) is surprisingly low. According to the most recent HMRC statistics, the UK’s … Read More

Paragon Bank finance chief joins Relendex to head lending team

January 28, 2019 |

FORMER Paragon Bank head of development finance, Fintan O’Riordan (pictured), has joined peer-to-peer platform Relendex to lead its lending team.

At Paragon he was responsible for forming a new lending team and growing expanding the group’s business nationwide. He has … Read More

P2P offers alternative for buy-to-let investors, says Relendex

December 11, 2018 |

RELENDEX chief executive Michael Lynn has said that the cooling of the buy-to-let (BTL) market has opened up opportunities for peer-to-peer investing.

Recent data from HMRC showed that BTL transactions fell by 11 per cent year-on-year in the third quarter of … Read More

Relendex secures £72m City funding line

November 19, 2018 |

RELENDEX has secured a new £72m funding line from an unnamed institutional investor, as it eyes £100m of lending in 2019.

The peer-to-peer property lender said on Monday that the two-year agreement will give it a minimum of £3m per month … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

Relendex appoints commercial director

October 18, 2018 |

RELENDEX has appointed former BDO accountant Paul Sonabend as commercial director.

Sonabend (pictured) joins the peer-to-peer property lender after holding chief financial officer positions at companies in sectors including food packaging, airline catering, health diagnostics and market research.

He is … Read More

Relendex increases maximum loan size to £5m

October 1, 2018 |

RELENDEX has announced that it has increased its maximum single loan size from £3m to £5m after securing new funding lines.

This brings the peer-to-peer property lender closer to attaining its lending target of £100m in the next calendar year.

Read More

Base rate rise won’t ease saver woes, say P2P firms

August 2, 2018 |

PEER-TO-PEER lenders have warned that savers are unlikely to benefit from the latest interest rate hike.

The Bank of England’s monetary policy committee (MPC) voted on Thursday to raise the base rate from 0.5 per cent to 0.75 per cent … Read More

Collateral investors to vote on creditor committee members

July 26, 2018 |

RELENDEX and BondMason executives are on the shortlist to sit on the creditors committee of failed peer-to-peer platform Collateral, ahead of a stakeholder vote.

BDO, which was appointed administrator of Collateral in May, had proposed setting up the creditors committee to … Read More