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Squirrl.com offers incentives
Squirrl.com has announced they are dropping the £5 identification fee. This will be good news to prospective lenders who wanted to give Squirrl.com a try. Here is their full statement.
We hope you all enjoyed the Jubilee celebrations over the weekend. We just want to say a big thank you to all of you who have supported our first investment opportunity and given us feedback on the site. As you may have seen we now have a new investment opportunity on the auction pages with a rather regal theme! We have also changed the identification process on the website to make it more user friendly and as a result of this we can remove the £5 identification fee, so saving with Squirrl.com is totally free!
In addition lenders can "enjoy a special 4% interest rate from the moment your funds are reserved on an auction up to the point your bid is accepted when you will receive the interest rate you have set". Previously Danesfield were the only P2P company to offer this type of incentive. This is again good news for prospective lenders.