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Zopa reduce borrower fee yet again
Zopa have now reduced the borrower fee to £0 for all A* 36 month loans £7500 and over. This probably to counteract the predictable rise in lending rates over the festive period. Rates rise as borrower requests are not underwritten due to the longer weekends leading to a reduction in available funds in the markets.
Borrowers should act quickly to take advantage of these before rates rise in the new year due to an increase in demand. P2P Money are still running a £25 cashback offer on Zopa loans.