Today, we revisit a recurring theme of our reporting on the peer-to-peer (P2P) business lending scene: the interplay amongtst the Holy Trinity of asset appraisal – security, access and yield. We’re prompted to do so by a move from the Prudential Regulation Authority (PRA) to raise the level of coverage for cash deposit accounts at banks […]
We’re delighted to announce the closure of the second webuyanyhome.com loan offering, bringing the new stream of property-backed loans on the Money&Co. platform to a total of over £312,000. We plan to bring more such offers soon, and will report back. Meanwhile, a new report from Ernst & Young (EY) looks at online business lending […]
Our second property-backed loan from webuyanyhome.com is set to close within hours of the writing of this article. This offering is risk-rated at A+, and is property-backed (ie, secured on the houses that the borrower buys). As the auction closes, we observe a familiar pattern: the £208,400 loan offer is fully funded, but lenders are […]
The latest loan offering on site is closing in three days’ time, and is now 97 per cent filled. The borrower is the well-known SME, we buyanhome.com, and the loans are secured against the houses bought (ie, it is property-backed – a key factor in generating an A+ credit rating). As we come to the […]
Peer-to-peer (P2P) business loans are rapidly becoming better known and more widely accepted as an asset class. A knock-on effect of this is that the providers of loans, ie platforms such as Money&Co., are being taken very seriously. Risk.net reports that asset managers are weighing investment in companies in the sector. Risk.Net “Buy-siders are looking […]
The savings plan season is just getting into full swing. In the first three months of the year, just ahead of the new tax year in early April, there’s often a glut of investment money chasing tax-efficient investment products. Chief amongst these is the Individual Savings Account (ISA) and now also the ISA’s new offshoot, […]
At the start of what promises to be a very exciting year with lots of forward movement, we take the opportunity to go back to basics. Below is an excerpt from the Money&Co. Knowledge Hub – we believe this is essential reading, the intellectual foundations of building an asset base via a crowdfunding platform. Take […]
There’s a big jump in interest in the alternative-finance sector abroad, judging by numbers for this month’s FinTech conference in Paris, according to Crowdfundinsider. “For its first edition, the Paris Fintech Forum gathered over 100 speakers and attracted 850 participants. This year, the event promises to be even more successful as it is stepping up with more […]
Today, we’re showcasing a forthcoming new book on alternative finance and its future in a post-fact, post-truth world. Getting Fooled Again? comes from the pen of award-winning author and journalist, Martin Baker. See this extended extract from the publishers… “The world of alternative finance (altfi), crowdfunding and financial technology (FinTec), has sprung up to […]
The American writer P.J. O’Rourke is shortly to publish a reprise of recent US political history entitled What The Hell Happened? Events in our peer-to-peer (P2P) lending sub-sector of crowdfunding have been somewhat less sensational (at least in the UK, where the problems experienced by leading P2P player Lending Club have had less impact). Here’s […]