The first new loan offering of 2108 has got off to a flying start. More than 27 per cent funded in less than a day, lenders are demonstrating great enthusiasm for this property-backed offer. As is our wont on these occasions, we let the borrowers speak for themselves – and remind you that we have […]
Today is all about market efficiency. GH3, a loan offering with an ‘A’ credit rating is closing at the end of the working day. It’s an opportunity to study the auction mechanism close up. A refresher as to what the loan process actually is, is available by looking at the video on our Lend page, […]
Today, we offer a technical tip. One of our A-rated loan offerings is closing tomorrow. GH3 is a financial services company, seeking over £100,000. The offer is a “classic” – in that it is an auction, where registered lenders make offers of credit at different rates. At the time of writing, the offer is just […]
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 […]
Demand is strong for our latest loan offering from webuyanyhome.com. It is A+ rated, and is property-backed – ie, it is secured against property. It is currently 74 per cent funded, with a gross indicative yield of around 8 per cent. A technical problem put the auction out of action for a while. We informed all registered […]
We have two bits of good news to report. First, our most recent borrower, Lawpack, was happy with the credit terms offered by lenders at a gross rate of 8.2 per cent; the A-rated £182,350 loan was locked four days early. Second, we have a series of loans in the pipeline – coming to our […]
Our friends (and friendly competitors) at Funding Circle have made an interesting move. Instead of inviting lenders to bid to lend money to borrowers, our fellow peer-to-peer business lenders have decided to fix the yield of a loan themselves. So the marketplace moves from an auction to becoming a shop – no haggle, no gaming, […]