Strong balance sheets? Profits? Come to us It is always gratifying when a forecast is achieved. When we launched Money&Co. at the end of April, we predicted that the average gross yield on our loans would be 8 per cent. Since then, eight auctions have closed and the average gross yield achieved has been 8.2 […]
Whatever it is is the banks are doing, lending doesn’t top the list The banks fail UK small and medium-sized companies yet again. According to the Bank of England’s latest update on the Funding For Lending scheme, net lending to SMEs fell by £35 million in the second quarter of the year (April to June). […]
NISA and pension income-seekers could find crowdfunded loans the last piece of the pie Some call it peer-to-peer (P2P) lending. Others prefer to call it person-to-business (P2B). Either way, Money&Co.’s crowdfunding sector is doing well. As City AM puts it: “The peer-to-peer lending industry is booming. Figures from the Peer-to-Peer Finance Association showed that over […]
When will the UK government press the button on crowdfunded NISAs? The New Individual Savings Account (NISA), which enables individuals to hold up to £15,000 of assets tax-free, will expand their investment remit to include crowdfunding assets. The big question is when the government will allow them to do so. The administration’s intentions are clear […]
Either a borower or a lender be… Crowdfunding offers attractive prospects on both sides of the equation The Bank Holiday week end brings the close of another successful funding auction – £540,000 has been raised for engineering company, Milturn. Congratulations to the company and to its lenders. So what lies ahead? Specifically, what will autumn […]
Crowdfunding has its own quick fixes, according to Money&Co.’s Nicola Horlick Following an excellent response to yesterday’s excursion into deposit-account savings analysis, we thought we’d follow up with a look at instant-access deposit accounts. According to independent financial commentary site, moneywise.co.uk, the top three accounts, ranged in order of yield, offer 2.4 per cent at […]
Get on the screen, and make the comparisons. Is your cash working hard enough for you? Sunday – lie-ins, roast dinners, pub lunches, maybe the football on television. And maybe, just maybe, this Sunday might also offer an opportunity for a cool-minded review of your finances and a careful check that you’re making your cash […]
UKCFA chair offers wisdom in 140 characters or less The news is undoubtedly good for our latest loan auction offering. At the time of writing, our manufacturing borrower has raised over 70 per cent of its £540,000 target, with nearly £100,000 raised in the last working day. But let’s take a step back. One of […]
House price inflation penalises the young, but crowdfunding investment can help In her latest blog, Money&Co. CEO Nicola Horlick argues that rampant house price inflation effectively penalizes the younger generation by transferring wealth to the old. She details the potentially disastrous the social and economic effects of rampant real-estate inflation, but says that the […]
Attractive crowdfunding yields from carefully vetted compnaies can help with a deposit A recent survey conducted by Lloyds Bank has found that the amount of money saved by families has halved over the past forty years. In the 1970s, despite this being a period of financial turmoil for Britain, households saved just under 10 per […]