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Peer2Peer Finance News | July 23, 2019

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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

Lendy administrator still unable to authorise client money withdrawals

July 8, 2019 |

LENDY’S administrator has said it is still not able to authorise the withdrawal of funds from client accounts but is “conscious this is an issue for investors”.

RSM said in a letter to investors on Monday that it needed to … Read More

Confusion surrounds status of Lendy provision fund

June 10, 2019 |

LENDY’S administrators have warned that recovering funds from the defunct platform’s provision fund “is a complex point and is not anticipated to be resolved in the short term.”

In a letter to investors, administrators RSM confirmed that the company which … Read More

Lendy administrator: Withdrawal restrictions set to continue

June 3, 2019 |

LENDY investors have been told by the collapsed platform’s administrator that they will be restricted from making withdrawals “until further notice”.

RSM was appointed as administrator of the beleaguered P2P property platform last month and has written to investors to … Read More

P2P administrations: A timeline

May 29, 2019 |

LENDY was not the first peer-to-peer platform to go into administration, and it probably won’t be the last.

The property lender was officially handed over to administrators RSM last week, after the Financial Conduct Authority (FCA) opened an investigation into … 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

No P2P applications to FCA rejected but most are withdrawn, data reveals

August 30, 2018 |

NOT A single application by a peer-to-peer lender for FCA authorisation was rejected outright since the regulator took over responsibility for the sector in 2014, but more than 80 per cent of applications were withdrawn.

The data was revealed in … Read More

Consumer debt crisis set to propel rise in personal insolvencies

October 25, 2017 |

SPIRALLING problem debt has caused a jump in personal insolvencies, RSM has warned.

The accountancy firm has predicted that official figures set to be released on Friday will show that around 25,250 people entered a personal insolvency process in the … 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