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Peer2Peer Finance News | November 23, 2017

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Stuart Law

Budget: P2P lenders welcome £44bn housebuilding package and stamp duty cut

November 22, 2017 |

PROPERTY-FOCUSED peer-to-peer lenders have welcomed the chancellor’s housing measures outlined in the Budget, which include £44bn of funding and the scrapping of stamp duty for most first-time buyers.

In Wednesday’s speech, Philip Hammond outlined “an ambitious plan to tackle the … Read More

Budget: Assetz investors call for housebuilding reforms

November 21, 2017 |

ASSETZ Capital’s investors want to see the issue of affordable housing addressed in this week’s Budget.

The secured business and property peer-to-peer lender surveyed over 850 of its investors for the Assetz Capital Investor Barometer, released on Tuesday.

It found … Read More

Assetz Capital’s Seedrs fundraise is almost 50pc overfunded

November 17, 2017 |

ASSETZ Capital has announced that its latest fundraising round on Seedrs is now almost 50 per cent overfunded and that it has set a closing date.

The secured business and property peer-to-peer lender was seeking £1m but investors on the crowdfunding platform … Read More

Assetz Capital to move HQ after running out of room

November 2, 2017 |

BUSINESS peer-to-peer lender Assetz Capital is relocating to a bigger head office in Manchester as it seeks to continue growing its team.

The platform, currently headquartered in Stockport, has announced plans to move to Manchester Green.

Stuart Law, chief executive … Read More

Assetz reports continued profitability in half-year results

October 31, 2017 |

ASSETZ Capital has announced that it has recorded a “seven-figure pre-tax profit” in its latest half-year results.

The secured business and property peer-to-peer lender said on Tuesday that it remained in the black in the six months to September 2017, in-keeping with … Read More

A quarter of Assetz Capital loans end up on the aftermarket

October 11, 2017 |

MORE than a quarter of loans made through Assetz Capital end up on its aftermarket, the platform has reported.

The secured business and property peer-to-peer lender revealed that 28 per cent of loans have been traded on the secondary market … Read More

Is the P2P sector prepared for a downturn?

October 5, 2017 |

RISING inflation, a squeeze on consumer spending power and Brexit uncertainty have raised questions about the peer-to-peer lending market’s ability to weather an economic downturn.

Recent figures show UK households have suffered the longest decline in real income for almost … 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

Power to the people

October 2, 2017 |

Stuart Law (pictured), chief executive of peer-to-peer lender Assetz Capital, explains why the industry should stay true to its roots

Many of us know the basics of peer-to-peer lending but how is it actually evolving, what should really matter and what … Read More

Assetz lowers mortgage rate to expand borrower base

September 29, 2017 |

ASSETZ Capital has added a new, lower interest rate to cater for lower-risk borrowers looking for commercial mortgages.

The property-backed peer-to-peer lender said on Friday that it has decreased its entry-level interest rate to 6.9 per cent from 7.9 per … Read More