Ahead of the second spike – in loans coming onto the site – we offer a guide to lending. The secondary market in loans is active on site, but new loans, when they come, will require specific action. We note that a number of our registered lenders have deposited money, but not deployed it in […]
The latest loan on site, rated A+, is filling well at 18 per cent bid. The yield on offer is 7 percent. Platform lending of the kind we facilitate here at Money&Co. can be a lucrative activity. The average yield achieved by our registered lenders over more than five years of loan facilitation on this […]
The final instalment of our brief review of alternative lending looks at the major similarities and differences between Innovative Finance Individual Savings Accounts and (IFISAs) “mainstream” Individual Savings Accounts (ISAs). IFISA – Similarities With Other ISAs The IFISA is an ISA like any other. The £20,000 annual allowance applies to all types of ISA: IFISAs, […]
In this third instalment of our review of alternative lending, we look at the Financial Conduct Authority’s view of the sector. There’s been a greater focus on the sector following the failure of peer-to-peer (P2P) platforms such as Lendy. Lendy’s failure was linked – completely unfairly – with a number of problems experienced by investors […]
Call it platform lending, marketplace lending or peer-to-peer (P2P) lending, the loans facilitated in our sector are a new asset class. The novelty of platform lending has contributed to a classic case of the syndrome known as fear of the unknown. There have been some high-profile failures in the sector. The lesson we’ve learned from […]