Following yesterday’s news of a Financial Conduct Authority (FCA) helpline for the peer-to-peer (P2P) sector, come reports that the FCA is concerned about the sectors lack of preparedness for a hard Brexit amongst SMEs. Our friends at AltFi take the story forward. Financial firms not prepared appropriately for a no-deal Brexit may risk an impact […]
The Financial Conduct Authority (FCA), a fine organisation but not necessarily one that’s first with the news, has launched a dedicated helpline for businesses. We let our friends at P2P Finance News tell the bulk of the tale. The City watchdog, which oversees the peer-to-peer lending market as well as the rest of the financial […]
Following on from yesterday’s piece about the Financial Conduct Authority’s plan to implement higher levels of transparency in reporting and regulation of peer-to-peer (P2P) loans, we thought we’d offer more detail on our managed portfolio service. Why? Because we use asset-management permissions granted by the FCA, to offer this service. The new system for P2P […]
Time to stand firm, amid all the mayhem. Our commitment to continue to fund carefully vetted SMEs that meet our investment criteria is just as strong as ever. See our “Mission Unstoppable” News article, which well describes the way forward as we see it. Meanwhile, here’s the latest in the SME lending news cycle. From […]
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 […]