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Peer2Peer Finance News | September 16, 2019

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UK Finance

Goldman Sachs boosts foothold in consumer credit market via P2P lenders

August 29, 2019 |

GOLDMAN Sachs is making inroads into European peer-to-peer consumer lending with investments in Lendable and Brocc, despite a slowdown in consumer credit growth.

The US investment bank this month invested an undisclosed amount into Swedish P2P lender Brocc, and in … Read More

Mortgage approvals and credit card spending hit record highs

August 27, 2019 |

MORTGAGE approvals and credit card spending reached record levels last month, industry data shows.

Banking trade body UK Finance has revealed the number of mortgages approved by high street banks in July 2019 hit a 10-year high.

There were 95,126 … Read More

Residential mortgage lending slows in May

June 26, 2019 |

RESIDENTIAL mortgage lending slowed in May, which Landbay’s chief executive blamed on “poor consumer confidence and subdued house prices”.

New figures from trade body UK Finance found that gross mortgage lending across the residential market in May 2019 came in … Read More

Growth Street boss says rising deposits show savers are losing out

May 29, 2019 |

GROWTH Street’s chief executive has called for banks to inform savers of higher-yielding investment opportunities, after new figures showed a rise in deposits held in instant-access accounts.

Data from trade body UK Finance showed that personal deposits in total grew … Read More

Invoice finance and asset-backed lending return to growth

March 20, 2019 |

THE UK’S invoice finance and asset-based lending sector returned to growth in the second half of 2018, research has found.

Total advances at the end of December 2018 totalled £22.7bn, according to UK Finance data analysed by risk management software … Read More

First-time home buyers soar while buy-to-let purchases slump

February 19, 2019 |

THE NUMBER of first-time home buyers in the UK reached a 12-year high last year, but new buy-to-let (BTL) purchases fell sharply as tax and regulatory changes weighed on the sector.

UK Finance’s mortgage trends report, released on Tuesday, revealed … Read More

Landbay: London property prices putting a brake on UK market

November 14, 2018 |

STAGNANT house prices in London are acting as a brake on UK house price growth elsewhere, according to Landbay chief executive John Goodall (pictured).

The latest Office for National Statistics (ONS) house price index shows that UK house prices increased … Read More

P2P lending rules to impact mortgage industry, says UK Finance

November 6, 2018 |

UK FINANCE has cited peer-to-peer lending rules among the initiatives set to impact the mortgage industry and warned that “multiple, uncoordinated and un-sequenced regulatory and legislative proposals” will increase operational risks in the financial services sector.

Jackie Bennett, director of mortgages at UK … Read More

Mortgage lending slows in September

October 24, 2018 |

THE UK mortgage market softened during September, according to the latest figures from UK Finance.

The trade association’s data found that gross mortgage lending across the residential market in September equated to £21.5bn, a 1.2 per cent decrease from the … Read More

UK Finance appoints board members from Bibby and Mastercard

October 12, 2018 |

TWO new board members have joined banking trade body UK Finance.

David Postings, global chief executive of Banbury-based Bibby Financial Services, and Mark Barnett, president of Mastercard UK, Ireland, Nordics and Baltics, will replace former Amicus Finance chief executive John … Read More