Category: Borrowing

Wonga move into peer-to-peer lending

May 14th, 2014
Invest and Borrow
The mention of Wonga will stir strong emotions amongst people.  Some see them as a saviour for helping people obtain short term credit where their bank or building society may have turned them down.  Others see them as parasites, praying on the poorest… more »

Unregulated P2P website shut down

May 9th, 2014
FCA
We believe that the Financial Conduct Authority (FCA), acting from information provided by P2P money, has shut down an unregulated peer-to-peer lending website.  The company in question had set-up a peer-to-peer lending site without registering with the… more »

Money&Co review

May 9th, 2014
Money&Co
After signing up to Money&Co last week, we've taken a look around the site.  How does this site compare with the likes of Funding Circle and Zopa? The overall look and feel of the site is quote impressive, but with any financial institution it is t… more »

Funding Circle to restrict some loans to instutional investors

April 25th, 2014
Funding Circle
Funding Circle announced they will be offering what they refer to as "whole loans".  These are loans that will be offered to institutional investors rather than lenders on the current Funding Circle platform. We were well aware that institutional inves… more »

Funding Circle cashback on property loan

April 8th, 2014
Funding Circle
Funding Circle, already offering a 1% cashback on all loans over £75,000, are now going to be introducing 2% cashback on a new commercial property loan.  The loan is at a fixed rate of 8.5% (before fees) which is comparible to the average lending rate i… more »