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Peer2Peer Finance News | October 20, 2018

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Relendex

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

A guide to liquid IFISAs

June 26, 2018 |

IN THE world of finance, liquidity always comes at a cost. Instant access savings accounts pay less than fixed-term accounts, and most investment platforms deter withdrawals by charging hefty transaction fees. The world of peer-to-peer lending is not much different. … Read More

How to become an IFISA millionaire in 25 years

May 2, 2018 |

PEER-TO-PEER investors could become Innovative Finance ISA (IFISA) millionaires within 25 years, research claims.

Figures from P2P analyst 4th Way suggest if a lender invests £10,000 each year across several platforms and aims for nine per cent interest after bad … Read More

Ultimate guide to Innovative Finance ISAs: Part four

March 7, 2018 |

PEER-TO-PEER property investing is a popular way to earn decent interest with the added security of bricks and mortar should things go wrong, and now many of those returns can be earned tax-free using an Innovative Finance ISA (IFISA).

Many … Read More

IFISAs: The long road

February 9, 2018 |

With the industry’s largest lenders now offering the Innovative Finance ISA, surely the tax wrapper will cement its status in the mainstream investment space this year? We provide an update on the product’s process

IT IS hoped that the 2017-18 … Read More

P2P sector urges chancellor to set bold housing agenda in Autumn Budget

November 13, 2017 |

THE PEER-TO-PEER lending sector has called on the chancellor to introduce a more ambitious housing programme in this month’s Budget.

There have been several rumours about the content of Philip Hammond’s first Autumn Budget, set for 22 November 2017, including … Read More

The P2P Power 50

October 2, 2017 |

PEER-TO-PEER lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.

So, who are the key players influencing the UK’s P2P sector? The inaugural Peer2Peer … Read More