Category: Lending

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 »

Crowd2Fund launch secured property lending

June 20th, 2017
Crowd2Fund
Crowd2Fund have launched a new property loan product, secured against commercial or residential property, which qualifies for inclusion within the platform’s IFISA. The new loan vehicle is targeted at businesses which own property, or directors who are… more »

Wellesley & Co suspend P2P lending

May 26th, 2017
Wellesley & Co.
Wellesley & Co have announced that they are suspending peer-to-peer lending on the platform.  The reason for this is likely due to pressure from the FCA to change their business model. As we progress towards full authorisation by the Financial Co… more »

Zopa ISA and Zopa Core

May 26th, 2017
Zopa
Zopa have annouced that their Innovative Finance ISA is to be launched on 15th June, pending final approval from HMRC, with priority given to existing customers.  The target return for the ISA is predicted to be up to 6.1% AER. At the same time Zopa wi… more »

ArchOver obtain full FCA authorisation

May 25th, 2017
ArchOver
ArchOver have announced they have received full authorisation from the FCA, a day after Funding Circle. Below is a copy of the email sent to customers: We are pleased to announce that ArchOver has secured full authorisation from the Financial Conduc… more »