A new loan offering has just landed on site. This is the second tranche offered by Yes You Can. It’s a B-rated offering, over of five-year term, with a fixed rate yield of 11 per cent gross. Fuller detail is excerpted from the borrower’s offering on site below. The whole pitch – vetted according to […]
Some 65 peer-to-peer lending platforms have received a letter from the Financial Conduct Authority (FCA) warning them to “act now” to clean up poor practice or face a “strong and rapid” crackdown, The Times reports. For clarity, Money&Co. had a routine and welcome two-day visit from the FCA in early summer. We have not changed our business […]
Citywire reports on a major rebranding and the new investment focus of a major mainstream investment company, which is shifting away form personal loans as peer-to-peer (P2P) investments. Regular readers will be aware of Money&Co.’s long-standing commitment to top-quality security in P2P loans. We’ve always insisted on no debt other than our own first charge […]
Peer-to-peer (P2P) lending can be a lucrative activity. The average yield achieved by our registered lenders over more than five years of loan facilitation on this platform is more than 8 per cent, before we deduct our one per cent charge. That return has handsomely outperformed retail price inflation, which has averaged around two per […]
Our managed portfolio service is proving popular. Here’s a brief reminder of its attractions. Clients of the Money&Co Portfolio Service have access to loans with a typical fixed return of 7%, without the need to manage a portfolio of loans. You will receive a quarterly statement with detail of what is held in the portfolio […]
What is it about the uneasy alliance between mainstream finance and the peer-to-peer (P2P) lending sector? We’ve reported recently on the difficult times experienced at Funding Circle, and now further bad news comes from GLI Finance, an early investor in the P2P sector. Note the claim by one of its executives that the company is […]
Money Week looks at investing in property via P2P, and examines how P2P platforms will fare in an economic downturn. The coverage is broadly fair, but it starts off with a generalisation that needs qualification. P2P platforms have yet to experience a severe downturn, while they’re also not covered by the Financial Services Compensation Scheme […]
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 […]
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 […]