There has been much excitement about the publication last June by the Financial Conduct Authority of the final rules regarding disclosure of information – specifically, about the risks involved for investors in peer-to-peer loans, the pricing of those loans and about what happens if things go wrong. As our friends at P2P Finance news recently […]
The uneasy relationship between mainstream finance and the P2P sector continues. One direct consequence of the defenestration of P2P’s biggest player, Funding Circle, from the FTSE 250 Index is the simple bearish fact that index funds will no longer hold the stock automatically. Pension funds and other institutions will also take a long second look […]
Another new loan offering, Woodville, rated A, for £200,000 with an 8 per cent fixed yield, has just landed on site. The loan is 62 per cent funded at the time of writing. Below we offer an excerpt from the borrower’s presentation. As ever, we have done due diligence but cannot warrant the truth of […]
New Loan Offerings One of the new offerings just landed on site is a B+ loan of £280,000 with a five-year term and an indicative interest rate of 10 per cent. At the time of writing, the loan is 7 per cent filled, at a current average rate of 12 per cent. That’s because of […]
We offer a warm welcome to a returning borrower with an impeccable payment record, Mar-Key Group. The company, in its own words, “designs, manufactures and delivers impressive temporary structures to the events, industrial and commercial industries throughout the UK and beyond. Mar-Key is a privately-owned British company based in Bournemouth, Dorset working through-out the UK […]
We’re pleased to report two new loans are available on site. Demand is high, and they’re filling fast. Would-be investors must understand the risks of investment before committing cash (see notices on Home page, in FAQs, foot of this page and elsewhere on site). Loan Rated A, Yield 7% Mar-key Marquees Limited first borrowed money […]
The hokey-cokey reporting of SME lending continues. As we have reported earlier on this platform: “The signals on funding for small and medium-sized enterprises (SMEs) are mixed. Every few weeks research is released that purports to show SMEs are waking up to the funding available outside the traditional banking mainstream. Then along comes data that […]
We continue our theme of lending in difficult times with a warning shot from a couple of key players in the FinTech sector. There could be an upside to Brexit, but it may, as one of its prominent supporters said, be fifty years before we see the benefit of it. Below, we run an excerpt […]
Commentators on the peer-to-peer (P2P) sector are predicting an economic downturn which will throw up “winners and losers”. Here’s a snippet from a recent piece by our friends at P2P Finance News: “A weakening UK economy, impacted by Brexit uncertainty and global trade wars, has bolstered the likelihood of an imminent recession, leading to speculation […]
The parting of the ways continues. Mainstream, quoted investment trusts are systematically divesting themselves of their holdings in the peer-to-peer (P2P) alternative finance loan sector. The P2P Global Investments vehicle is the latest, with the sale of one of its biggest holdings, as reported by our friends at P2P Finance News. The gross proceeds from […]