The P2P lending companies pitching themselves as lowest risk and easy-to-use all have the best records – with no lenders losing any money. These companies all have bad-debt provision funds: that’s a pot of money in reserve to pay you back in case a borrower…
With P2P lending company GraduRates closing down gently, I think its appropriate to take a look at the other companies that have gone out of business. Because I don’t want my money disappearing, do you? Let’s see what has happened in these past nine years…
Landbay* is the first peer-to-peer provider to focus exclusively on mortgages to the buy-to-let sector. In a recent report entitled “Democratising Mortgage Lending”, commissioned by Landbay and written by Wrigglesworth Consultancy, Wrigglesworth wrote: “To illustrate the robustness of its portfolio of buy-to-let loans we have stress…
Ratesetter, the low-risk consumer loans p2p lending company, has announced that it is taking over GraduRates‘ loans. GraduRates is a P2P lending company targeting postgraduate borrowers. Full financial regulation is starting next year and so Gradurates has decided to wind down its loan book rather than meet…
In a recent blog, Rhydian Lewis explained how his P2P lending company is expanding to lend to more different types of customers. The founder of RateSetter, the largest consumer loans P2P lending company when measure by monthly loans, showed how they have progressed beyond lending to…
Here are the latest high-rate loans that are open for you to bid on from rebuildingsociety, the P2P lending company that finances riskier loans to businesses. Update on 21/12/2014: all the loans below are now fullly funded, but you can still under-cut bids from other…
Around 2004 or 2005, I can’t remember which, dentists suddenly started doing far more fillings and far less root canals. A few years later, German hospitals suddenly started doing lots more caesarean sections than previously. A few years after that, financial advisors in the UK suddenly…
LendInvest, the largest property P2P lending company, has just reduced its minimum lending amount from £10,000 to £1,000, bringing it into the reach of many more lenders. LendInvest will also soon enable automatic lending and the ability to sell your loan parts to others. In…
The financial regulator’s review of independent financial advice has shown “early indications” that advice has improved and some of the costs have come down since a major change in how advisors make money. Financial advisors were banned from taking commission from Pension, ISA and other investment providers two years…
This is the Candid Opinion blog, and you won’t see research into P2P lending companies anywhere else as that is as candid as in all the 4thWay® Insight Reports. We’ve just published our detailed research report into the oldest P2P lending company in the world: Zopa. Read…
According to Assetz Capital, business and property P2P lending company, businesses that borrow through P2P should technically withhold tax from individual lenders. If true, it still doesn’t affect P2P lending companies that have consumer borrowers. Just business borrowers. On the Assetz website it says: One significant area…
Generally speaking, savings accounts don’t come close to beating the interest rates being offered by P2P lending companies. However, from time to time you can find good accounts that come close enough to take a look. Great savings accounts for older people National Savings &…
HM Treasury has concluded a two-month consultation on the best way to implement the inclusion of P2P loans with ISAs. Various options are being considered including creating a third type of ISA or including P2P lending as an option within a stocks and shares ISA….
Funding Circle is currently returning cashback to lenders, taken out of the borrowers’ fees, if you take part in the loan auctions listed below. All the loans are listed as A+, which is Funding Circle’s highest grade. Barely a dozen A+ loans out of more…
Landbay, a property P2P lending company with automatic diversification across different regions and a bad-debt provision fund, has been added to the first ever P2P lending benchmark. With the addition of this lower-risk, lower-rate P2P lending company, the 4thWay® P2P Forecast Returns Index has fallen today from…
This article was corrected on 14 December. Previoulsy, we had recorded Wellesley’s new one-year rate as 4% (before cashback) when it should have been 3%. On Monday 15 December, Wellesley & Co., a property P2P lending company with a zero bad debt record and a bad-debt…
After lots of last minute punctuation and grammar corrections, we finally released yesterday our huge report into Lending Works. This is the P2P lending company that claims to be the safest and we think it might be right. Please take a look at Lending Works’ 4thWay®…
This is the Candid Opinion blog and now it’s time to be candid about the 4thWay® Risk Ratings. We’re proud of our scoring system and we’ll only get more proud as it proves itself and as we improve on it. The feedback we’re getting from the…
We’ve had a few questions from you and so we put them to a P2P lending company so you can get answers right from one of the horses’ mouths. Aldwyn Boscawen of Wellesley & Co.* managed to squeeze out some time to answer your questions….
Alongside our article on some very interesting changes coming this week at Bondora, the European P2P lending company, and my blog showing my opinions, here’s our Q&A with the chief executive officer and founder, Pärtel Tomberg. If you struggle with any technical or other difficult…
