One of the P2P lending sites that I think is not used enough by lenders is Lending Works*, which does personal loans to creditworthy borrowers – mostly prime borrowers. Why are lenders ignoring Lending Works? I think Lending Works just doesn’t appear, at first site,…
Recently, one borrower at ArchOver* suffered severe trouble. This borrower is so large that I shall argue it represents something like 8% of ArchOver’s entire historical (corrected) loan book. That is too much. What happened with this borrower? Every borrower and every bad debt has…
HNW Lending offers many loans with exceptionally high-quality security to protect you against losses. This means that the borrower owns properties or possessions that are easy to value and that are worth much more than the loan amount. For a good proportion of these loans,…
Crowd2Fund*, the business loans P2P lending site, has now started to publish its full loan book with detailed information about every loan that has been made through its website. It’s fair to say I now understand Crowd2Fund far better than I did just two weeks…
New loans continue to include a high proportion of very attractive senior loans under 50% LTV. (If you don’t understand what that means for lenders, I’ll explain below.) HNW Lending acts rapidly to recover debts that might turn bad, which dramatically improves bad-debt recovery results….
The collapse of a green-energy project that was crowdfunded to the tune of £3.9 million gives valuable lessons to individuals funding new and complicated infrastructure products through peer-to-peer lending sites. Here’s what happened followed by 10 lessons for lenders in future. What was the loan…
From now on, just Funding Circle itself and the partner it has commissioned, AltFi, will be able to access and assess the details of all the loans Funding Circle has ever made. Funding Circle has removed access to this powerful and important data for the…
I’m very much in the “sell Wellesley” camp for the dozens of reasons mentioned in an article on Wellesley by one of 4thWay’s experts early last year, as well as in information elsewhere on the 4thWay site. At every turn, we encounter conflicting, ambiguous or…
IFISA and peer-to-peer lending website Crowd2Fund, which offers business lending, has this month started publishing a bit more information about how its loans have performed in the three years or so that it has been matching borrowers and lenders together. So I’m taking a look…
Peer-to-peer lending is lending directly to individuals or businesses, including, sometimes, property owners. IFISAs is usually the same, with the advantage that any interest you earn and gains you make are always tax free. However, there can be a minor catch to watch out for….
Peer-to-peer lending website Collateral UK went out of business in February 2018. It was quickly alleged to be operating without the correct permission from the financial regulator. It now appears to have appointed administrators, who we can expect to wind down the website and existing…
Secured business lending is when borrowers have to put up assets as collateral on their loans. Those assets protect the lenders – in this case, I mean individual lenders like you and me, using P2P lending sites. Assets are things of value like properties, machinery,…
New Lending Works* IFISA customers can earn between £50 and £500 cashback, if you transfer cash ISA, share ISA or IFISA cash into the Lending Works IFISA. This is a very limited time exclusive offer. Even we don’t know how long we can exclusively offer it…
What is the one huge difference between equity crowdfunding and peer-to-peer lending? The risks of P2P lending are generally lower than the stock market. Whereas equity crowdfunding – buying shares in startups through websites – is among the riskiest investments this side of a scam, making it…
Both of Lending Works’ lending accounts receive the top rating and a highly favourable review from our experts. But I’ll tell you now that there’s not an ocean’s difference between them. Still, if you’re a keen lender, some small differences in repayment timing, interest rates…
For the first time, Assetz Capital is going to declare losses on some loans, it has told 4thWay. In other words, it’s writing off bad debts that it sees no prospect of recovering in full. Its reserve funds – which it collectively calls “provision fund”…
When considering P2P lending websites that focus exclusively on straightforward UK personal loans, you’ve basically got the choice between Zopa, Lending Works*, Lendable and Madiston LendLoanInvest. Which is the best personal loans P2P lending site? Lendable provides no information on which anyone can assess the…
It wasn’t long ago that we compared Crowd2Fund* to Funding Circle. (Read Crowd2Fund Versus Funding Circle: Which Is Better?) Since then, I have been passed an update on bad debts from a colleague. The proportion of all-time loans that have gone bad at Crowd2Fund (the…
This article was originally published on 11th October and has been updated due to fresh statistics from Crowd2Fund. Crowd2Fund was one of the first P2P lending sites to be granted full authorisation by the financial regulator. It does loans to small businesses paying 8% to…
There are a lot of ways to look at a P2P lending site to get a handle on the risks. Here are three ways that can lead to false positives. 1. The P2P lending site has won awards Almost since P2P lending started, P2P lending…
