Remortgaging fuels rise in approvals

THE NUMBER of remortgages approved in August soared, fuelling a small rise in the overall mortgage market, according to figures from UK Finance.

The trade association’s data for last month showed that mortgage approvals by the main high street banks … Read More

Landbay revenue soars as number of lenders rises

LANDBAY saw an almost sixfold increase in its revenue last year, driven by a 59 per cent rise in the number of lenders on its platform.

The peer-to-peer buy-to-let (BTL) lender’s revenue totalled £994,495 in the year to 31 December … Read More

Property investors steaming ahead on the Elizabeth Line

INVESTORS and buy-to-let landlords with properties along the Elizabeth Line are benefitting from rent increases that are double the London average, according to new research.

Annual rent outgoings have risen by £2,000 along the route of the Crossrail project over … Read More

The might of the Square Mile

The attractions of the peer-to-peer lending sector are obvious to retail and institutional investors alike. But will the latter’s financial firepower push out the former as platforms look to scale up?

THE PEER-TO-PEER lending sector was borne out of a … Read More

Landbay team take on Tough Mudder challenge

LANDBAY employees are set to take on the Tough Mudder challenge again, in aid of a rare cancer charity later this month.

The team of 14 from the peer-to-peer lender will tackle 20 obstacles over a muddy 10-mile course of … Read More

Widespread variation in access to secondary markets

THE TIME it takes to fund and exit loans on the secondary market varies considerably across peer-to-peer lenders, research by Peer2Peer Finance News has found.

Lenders claim secondary markets enhance liquidity for investors, but on some platforms it can take … Read More

Manufacturers boost business borrowing in June

THE AMOUNT borrowed by UK businesses fell by 1.8 per cent over the 12 months to June amid “ongoing economic uncertainty”, according to new research.

This was an improvement from a 2.6 per cent decline in the 12 months to … Read More

Remortgaging activity boosts lending market to £22.2bn

MORTGAGE lending rose to £22.2bn in May thanks to heightened remortgaging activity across the UK.

However, industry specialists have warned that an imminent rate rise may lead to a slowdown in the third quarter of the year.

The latest UK … Read More

Recent board appointments highlight gender inequality in P2P

TWO recent appointments have highlighted the lack of gender diversity in the UK’s peer-to-peer sector, where women still occupy a minority of roles.

In May, Funding Circle named former O2 and Tesco Mobile executive Cath Keers as its first female … Read More

P2P lenders prepared for new data rules

PEER-TO-PEER lending platforms have welcomed the new General Data Protection Regulation (GDPR) and confirmed that their processes meet with the new EU standard.

“We welcome any measures which safeguard personal information, and very much see GDPR as a significant … Read More