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…

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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…

First Great National (a P2P lending website, not a train operator!) has joined a small number of other P2P lending website casualties since the industry began in 2005. The other closed P2P lending companies we know about include GraduRates, YES-Secure and Quakle, which I wrote…

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…

Last Friday I chaired a panel show for the first time. It was the property peer-to-peer lending panel at the Property Investor Show in ExCeL, London, and there were a lot of great questions from the audience. The panel were representing P2P lending websites that do…

In the past year, SIPPclub has been working with a number of the P2P platforms to enable them to accept SIPP money. This is good news, for it enables you to earn your interest tax free. Compared to lending money personally, the effect of earning…

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…

Low-risk RateSetter has overcome considerable regulatory barriers to become the first personal loans P2P lending website to allow its lenders to lend through a pension. Indeed, two pensions. Lending through a pension means you pay no tax on the income you earn. Pensions come with…

Here’s a short, but certainly sweet, article. I just had to pull a recent 4thWay® article explaining how 13% earned interest and 6% bad debts could leave you with a profit of less than 2%, all because we are taxed on the bad debts that…

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…

Savers were given a new tax break in the Budget on Wednesday, but it wasn’t clear at the time whether that was going to extend to your P2P lending. Zopa has told us today that it just received confirmation from the Treasury that it does…