Update on 12th August 2023: Crowd2Fund’s accounts have now been filed and the strike-off action discontinued. Details of its accounts here. You’ve not heard anything from us on Crowd2Fund for a while. Crowd2Fund hasn’t been in a position to provide detailed data to us to…
Lande* has re-established its data pipeline and so we’ve reassessed its 4thWay PLUS Rating. Despite quite a few more loans falling late or turning bad as its history has been maturing, it has easily maintained its 3/3 “Exceptional” 4thWay PLUS Rating. Its high interest rates…
At present, there are no cashback deals of note available.
We’ve slightly upgraded our 4thWay PLUS Ratings methodology over the past five weeks and reassessed the lending accounts that provide us with the data and access to apply our calculations. This upgrade impacts property P2P lending accounts, making it a little bit tougher to get…
It’s about taxes, so I’ll be brief! Less P2P lending due to frozen personal allowances The income-tax personal allowance of £12,570 will be frozen until This will mean less disposable income available for lending. More people will pay a 45% tax rate and lose their…
Assetz Capital announced in July that the long-lasting lending queue to put new money in its automated accounts finally started to shrink. More recently it has announced that all the money that had been waiting has now been put to work. Lending flows released due…
Sourced Capital has been incredibly busy for a couple of years, so we’ve had no opportunity to get an update from them for a long time. At last, we’ve just had a chance to get an update on a little bit of the information that’s…
Our specialists have updated the 4thWay PLUS Ratings and 4thWay Risk Scores methodology slightly. On balance, the changes make it a little harder for P2P lending companies to get higher ratings and better scores. My colleagues have also removed all allowances made for COVID-19 forbearance,…
Zopa has closed its P2P arm to focus on its bank. Zopa wrote to its customers: “Sadly, over the last few years, customer trust in P2P investing has been damaged by a small number of businesses whose approach led to material losses for customers investing…
Visit Proplend* has only ever introduced one new type of loan in its seven-year history. Everything it has done over the years shows that it prioritises quality lending that it understands above rapidly growing its own business. For just the second time, it’s just introduced…
I’ve looked through Lending Works Trustpilot reviews to find all the ones written in 2021 by its customers who have lent money. Trustpilot combines reviews from all customers, making it hard to distinguish between comments from its borrowers and lenders. The overwhelming majority of reviews…
Northern Provident Investments was a company I’d never even heard of that offered IFISAs. It recently shut down, possibly because it offered mini-bonds, which the FCA recently banned from mass-marketing. Clearly, it was small. It also seems likely it either didn’t offer P2P lending investments…
LendingCrowd* has taken the rare step of deciding to no longer publish its loan book or provide 4thWay with it on a regular basis. As a result of this large step back in transparency, LendingCrowd has lost all its 4thWay PLUS Ratings on all its…
Assetz Capital was one of the businesses that temporarily paused P2P lending last year in order to offer businesses government-backed pandemic loans, which weren’t available as P2P. It’s now reopening its P2P lending, but it could be some weeks before lenders can put new money…
See the latest update on the subject below in Update On Kuflink’s Financial Results And Auditor Reports. Let’s catch up on 3/3 4thWay PLUS-Rated P2P lending company Kuflink* – which has had a stern ticking off from its former auditors, Ernst & Young, who resigned….
Loanpad now rated Loanpad* (read review) has earned the top 4thWay PLUS Rating of 3/3 “Exceptional” on its Premium and Classic accounts/IFISAs, after its history reached enough maturity for our ratings calculations to be meaningful. The 4thWay PLUS Ratings are a measure of both risk…
I’ve taken a new look at what happened to lenders at the different peer-to-peer lending sites that closed or shifted away from the P2P model. The vast majority of closures have been benign for lenders, leading to a profitable return of their money, but there…
We’ve now had 15 full calendar years of P2P lending, which included the Great Recession (albeit for just the one P2P lending company around at the time) and more recently a massive 20% recession coinciding with the first 11 months of the worst pandemic for…
Here’s the Growth Street Review from one of our specialists. (You can see all the reviews in our comparison tables.) 4thWay’s Quick Expert Growth Street Review Growth Street has wound down its existing lending Growth Street, established in 2014 with a total lent of ,…
Today, Growth Street said: “We have recently concluded redemption of our platform investors in full as part of the Resolution Event declared in June 2020. As of 13th January 2021, all remaining funds have been returned to peer-to-peer investors and our investor platform is in…
