January rush

January 4th, 2012
P2P Money

Lenders should prepare for the January rush with record demand on the peer-lending sites.  Zopa have announced that they have dispersed just under £400,000 today.  Additionally in RateSetter's December statement email they advise:

Seasonally December is a quieter month for Borrowers - the lull before what is expected to be our busiest month yet in January, as people arrange their finances for the year ahead.

So we would encourage potential lenders that if they want to take the plunge and join the thousands of other lenders then now is the time.  P2P Money have an up-to-date list of the attributes of the different peer-providers.

ThinCats celebrates its first birthday

January 3rd, 2012

ThinCats, a peer-to-business lending, celebrates its first birthday this month.  Perhaps we don't mention ThinCats enough on the P2P Money blog - perhaps as it requires lenders to lend in £1000 chunks - but ThinCats (like Funding Circle and RateSetter) have gone from nothing to millions of pounds of loans within their first year.  ThinCats has clearly established itself as the fourth peer-provider in the UK and is around 5 times the size (by loans to date) of its next nearest competitor.

While Funding Circle is the clear leader in the peer-to-business arena, ThinCats is still an important contributor in this field.

Happy new year

December 31st, 2011

2011 has seen major progress with peer-to-peer lending as it surpassed £100million in current loans, with the major players - Zopa, RateSetter and Funding Circle - all experiencing large year on year growth.  We predict that 2012 will see further progress and new players entering the arena, and perhaps some exiting.

May we wish you all a happy and prosperous 2012.

Zopa reduce borrower fee yet again

December 29th, 2011

Zopa have now reduced the borrower fee to £0 for all A* 36 month loans £7500 and over.  This probably to counteract the predictable rise in lending rates over the festive period.  Rates rise as borrower requests are not underwritten due to the longer weekends leading to a reduction in available funds in the markets.

Borrowers should act quickly to take advantage of these before rates rise in the new year due to an increase in demand.  P2P Money are still running a £25 cashback offer on Zopa loans.

Merry Christmas

December 24th, 2011

Merry Christmas from P2P Money.  We also wish one and all a prosperous new year.