Opportunity of a lifetime

March 15, 2017 | Staff

There is a huge pool of potential borrowers just waiting to be unlocked by peer-to-peer lenders, says Angus Dent, chief executive of ArchOver…

Just because a business applies for a peer-to-peer loan, it should not be assumed automatically that it must … Read More

The great British credit boom: Bank lending soars in January

February 24, 2017 | Suzie Neuwirth

BANKS lent more to consumers and businesses in January and mortgage approvals hit a 12-month high, as historically low interest rates continue to fuel the credit boom.

Figures from the British Bankers Association (BBA) showed that total consumer borrowing … Read More

Businesses borrow less from banks due to Brexit fears

January 26, 2017 | Suzie Neuwirth

HIGH STREET banks lent less to businesses in December due to decreased demand, which economists attributed to Brexit-linked uncertainty dampening firms’ investment plans.

The latest figures from the British Bankers’ Association showed that while overall borrowing rose during the … Read More

BBA would welcome Zopa bank as a member

December 15, 2016 | Suzie Neuwirth

ZOPA could become a member of the British Bankers’ Association (BBA) once it receives its licence, the trade body for the country’s banking sector has said.

Last month, the UK’s largest and oldest peer-to-peer lending platform announced that it is … Read More

Opportunity for P2P as banks tighten business lending

October 26, 2016 | Staff

HIGH street banks lent £312m less to UK businesses in September, indicating new opportunities for the alternative lending sector.

Business lending by conventional banks saw its biggest slump since June, according to figures released on Wednesday by the British Bankers’ … Read More