Archives for: May 2014

Rates to drop on Wellesley & Co

May 27th, 2014
Wellesley & Co.
Wellesley & Co have announced that the interest rates paid to lenders will be falling from the middle of June by up to 1.27% AER.  Interest rates currently compare favourably with Zopa and RateSetter, and are comparable with Funding Circle.  The lar… more »

giffgaff account for half of RateSetter's loans

May 27th, 2014
RateSetter, one of the leading peer-to-peer providers within the UK (and abroad) have stated that their loans arranged through giffgaff have grown significantly and now represent half the loans arranged through the platform.  This commercial arrangement… more »

Money&Co update

May 27th, 2014
We recently reviewed Money&Co, one of the latest entrants into the peer-to-peer sector.  Despite some loans attracting individual bids in the tens of thousands of pounds, with one bid of £40,000, none of the loans reached their required funding by t… more »

Funding Circle cashback on second property loan

May 19th, 2014
Funding Circle
Funding Circle have announced they will be extending the 2% cashback on property loans.  The first property loan was very popular, partly due to the cashback offer. Here is the statement from Funding Circle: Here are the details of the second formal… more »

Wonga move into peer-to-peer lending

May 14th, 2014
Invest and Borrow
The mention of Wonga will stir strong emotions amongst people.  Some see them as a saviour for helping people obtain short term credit where their bank or building society may have turned them down.  Others see them as parasites, praying on the poorest… more »