Category: Background

Innovative Finance ISA

April 3rd, 2017
With only a short window remaining within this tax year, the majority of peer-to-peer platforms still have not received full FCA authorisation, and are therefore unable to offer the new Innovative Finance ISA (IFISA).  However there are a number of P2P… more »

Ablrate obtain full FCA authorisation

March 31st, 2017
Two more peer-to-peer lending platforms have received full authorisation from the FCA today.  The first of these today was Ablrate. Here is the article on the Ablrate website: We are pleased to announce that Aviation and Tech Capital Limited, the co… more »

Saving Stream rebrands as Lendy

March 30th, 2017
Lendy
Saving Stream has rebranded itself as Lendy. Saving Stream was previously the trading name of the peer-to-peer lending arm of Lendy Ltd. It is likely the name "Saving" in Saving Stream could have caused some confusion among consumers as there is a clea… more »

Saving Stream default repaid in full

March 1st, 2017
Saving Stream
Saving Stream have announced that they have repaid all lenders for loan PBL020, along with interest.  There was a shortfall in the realised amount following the sale of the asset, but this has been covered by the Saving Stream provision fund.  This has… more »

Landbay launches ISA

February 20th, 2017
Landbay
Following on from Lending Works last week, Landbay has launched their own Innovative Finance ISA.  The ISA has a minimum investment of £5000, with a maximum of £15,240 (set by the government), raising to £20,000 next April.  Lenders are able to transfer… more »