Category: Borrowing

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 »

isePankur rebrands as Bondora

April 2nd, 2014
The Estonian peer-to-peer provider isePankur has announced it is to rebrand as Bondora.  Here is the email that was sent to customers this morning: During the last 5 years, more than 70,000 borrowers from 4 different countries came to isePankur seeki… more »

Peer-to-peer lending is now regulated

April 1st, 2014
Peer-to-peer lending is now a regulated activity by the Financial Conduct Authority (the FCA).  The new regulations require P2P companies to maintain minimum capital requirements, but there is no coverage by the Financial Services Compensation Scheme (F… more »

Encash (YES-secure) to close

March 20th, 2014
Encash (YES-secure) has confirmed today that it is to close.  This is not unexpected as the company had not made any loans in 2014 and only made three in 2013. We are writing to advise you that has decided to stop its Peer to Peer lend… more »

How will the FCA regulation affect the investor?

March 20th, 2014
Welcome to first post written by Tom Hayward from FundingKnight, a peer to business lender who arrange crowdlending for businesses. It’s been common knowledge for some time now that the crowdfunding industry is soon to become regulated.  We look at how… more »