Category: Borrowing

Fallout from RateSetter wholesale lending

July 19th, 2017
RateSetter
 RateSetter has emailed all of their lenders concerning three borrowers.  We have redacted some of this information for confidentiality. On 2 May 2017, we announced on our blog that we had changed our relationship with two of our borrowers.  We are w… more »

Funding Circle to exit property loans

April 12th, 2017
Funding Circle
Funding Circle have announced that they are to exit property loans by 2018.   Funding Circle’s long term goal is to become the first choice for small businesses here in the UK and across the world. By attracting thousands more businesses to the plat… more »

MoneyThing obtain full FCA authorisation

March 25th, 2017
MoneyThing
MoneyThing have announced that they have obtained full authorisation from the Financial Conduct Authority.  They have confirmed that there will be no further pre-funding of loans.  MoneyThing will also be offering an Innovative Finance ISA after they re… more »

Rebuildingsociety obtain full FCA authorisation

February 28th, 2017
ReBuildingSociety
Rebuildingsociety.com become the latest peer-to-peer lending platform to obtain full authorisation from the Financial Conduct Authority. Here is their statement on their blog: rebuildingsociety.com has been awarded full authorisation from the Financ… more »

Money&Co to offer bridging loans

February 1st, 2017
Money&Co
Money&Co have announved that they will be offering bridging loans between 6 and 12 months, joining the growing number of peer-to-peer platforms offering these types of loans. Here is the email sent to lenders: We are writing to tell you about a… more »