Categories: News, Lending, Borrowing

Zopa reduce rates again

October 24th, 2016
Zopa
We reported back in September that following the Bank of England reduction in the base rate that Zopa would be dropping their rates by 0.2%.  Zopa have subsequently announed that they are reducing lending rates again by 0.2%. Here is the full email sen… more »

Crowdstacker Innovative Finance ISA

October 21st, 2016
Crowdstacker
Crowdstacker is one of the few peer-to-peer companies which has received full FCA authorisation, and as such is able to offer an Innovative Finance ISA.  They have published some data which suggests that 90% of customers opening an IF ISA are new to the… more »

Should P2P platforms cross-sell?

October 13th, 2016
LendIt
During LendIt Europe Cormac Leech, Principle at Victory Park Capital Advisors, suggested that peer-to-peer lending companies should take advantage of cross selling which is an untapped source of revenue. Once banks have acquired customers they will typ… more »

LendingWorks become first fully authorised major platform

October 13th, 2016
Lending Works
Lending Works has become the first major peer-t0-peer lending platform and P2P Finance Association member to obtain full authorisation from the Financial Conduct Authority.  LendingWorks have also announced that their ISA will be launched in January, co… more »

SavingStream confirm lower lending rates

October 13th, 2016
Saving Stream
Saving Stream has confirmed that it will be offering lower lending rates from Monday 17th October.  Some loans will still be offered at 12%, but others will be below 12%.  The team at Saving Stream confirmed at LendIt Europe that they were considering t… more »