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Happy birthday to Funding Circle
As Funding Circle celebrate their second birthday - happy birthday from us too - they announced their cashback offer is to be extended at a rate of 1% (rather then 1.5% currently). This is still an excellent deal for lenders as rates have risen due to the increase in demand. There are some loan parts for sale on the secondary market with net returns of greater than 8% for basic rate taxpayers taking into account estimated bad debts.
There is still a £40 cashback offer for new lenders, so now is an excellent time to join the thousands of other lenders on Funding Circle.