If you’ve got a question for us, we always try to find time to give you a comprehensive answer, so please get in touch at contact@4thWay.co.uk Question from David, 4thWay user Wanting to know if I can open an ISA that will allow me to…
We at 4thWay are tough bordering on mean when we assess P2P lending companies. This is reflected in our recently upgraded P2P ratings. I want to tell you about these new PLUS Ratings, now shown in our comparison tables, so you know how you can use…
Assetz Capital has just introduced a new account allowing lenders like you and me to remove our money easily, called the Assetz Capital Quick Access account. The business and short-term property loans P2P lending website believes that this will enable us to exit loans within 24 hours…
This article is updated regularly. Last updated on 20 July 2015. Funding Circle is currently returning cashback to lenders on loans secured against property. There are currently four loans paying up to a record 10% interest and 2% cashback that Funding Circle grades as A+. (Scroll down to see them.)…
This article is updated as and when Lending Works changes its rates. Last updated on 20 July 2015. Lending Works* interest rates don’t change often, but it can be worth paying attention when they do. Today, the “super prime” personal loans P2P lending website has increased…
Today’s Budget does “just under half” of the £37 billion of cuts that Chancellor of the Exchequer George Osborne is attempting in order to clear the deficit. This tax-raising Budget puts pressure on both individuals and businesses: it’s more money going to pay old government debts…
RateSetter is going to pay up to £100 cashback to lenders who are signed up before 1 July 2015 – so if you’re not already registered but want to take part, you need to act now. The cashback offer will be on any money you…
Last update 25th June 2015. You thought that Zopa and RateSetter were the only P2P lending companies allowing you to lend to other people – rather than to businesses? Guess again. There are now 11 P2P lending companies (down from 12 due to TrustBuddy’s closure)…
Some Zopa news today, starting with the best bit: Zopa lenders are, on average, achieving higher rates than those projected by Zopa. Lenders exceeding targets Zopa removed its guaranteed rates at the beginning of this year, but its seems to be getting the hang of…
The Financial Conduct Authority – the UK body that regulates financial companies – has issued a warning that scammers are now operating in peer-to-peer. It writes, in its usually over-cautious way, that it “believes” that a company calling itself “Zopa Loans Reviews” is pretending to…
Wellesley & Co.*, a property bridging and development loans P2P lending website, is now reporting its first bad debt, although recovery prospects look good. Wellesley & Co., has matched money from individual lenders like you and me to borrowers in nearly 200 large property loans…
This is just a brief note to say that, this weekend, Wellesley & Co. has slightly dropped the interest rate on its 30-day notice account, which it calls its Easy Access account, from 3.66% to 3.55%. We wrote about Wellesley & Co’s other interest rate…
This article was updated on 2 May, to explain an additional interest rate change made by Wellesley on that day. Property P2P lending website Wellesley & Co. has increased interest rates on all its deals as of today, 1 May. Except for one deal which went…
Proplend has now launched a “secondary market”, which is where you can buy and sell existing loan parts. Previously, with Proplend, you could just lend your money at the start of a new loan and there was no secondary market where you could sell it…
Scroll down to see the first nominees. 4thWay® is setting up a Panel of Peers to govern our website on your behalf. These are individuals like you who lend their money through P2P. They will ensure 4thWay® keeps your interests at the heart of what…
Zopa lenders have so far lent £800 million and this week their grand total interest earned hit £50 million. That’s since Zopa launched in 2005. But over one-third of that interest has been paid to lenders in the past year alone, as Zopa grows rapidly…
Lending Works, one of the safest P2P lending companies, has just made two new announcements that are quite interesting – but only if you’re 55 or older, because they just apply to you. 1% bonus interest for new lenders If you join Lending Works and offer…
Generally, individual lenders get their money lent out swiftly. However, it doesn’t always work out that way. One 4thWay® reader wrote this month: “I recently opened an account with LendingWorks, but no money has so far been lent out. I did contact them and they said…
With additional reporting by Matthew Howard. The Budget today contained several direct effects on peer-to-peer lending: No tax deducted automatically from savings Over the passed few months, the Treasury has been umm-ing and ahh-ing over whether to ask P2P lending websites to automatically deduct basic-rate income tax…
Additional reporting by Neil Faulkner. Lending Works now allows lenders to receive their interest payments directly as a monthly income. This will start from 6 April, which is just in time for our next Lending Works pay checks. Lenders can also choose to receive a combination of interest…
