Latest from UK Peer to Peer Lending News Sources

European peer-to-peer lender EstateGuru has reported a 14.3 per cent default rate on its loans to date, as it drives forward with its restructuring plans. Last year, the platform cut its international workforce by more than a third and reduced its external development costs, with the aim of increasing profitability in the first quarter of The […]

CrowdProperty is just £15,359 away from hitting the £400,000 target on its latest Seedrs campaign, with 12 days to go. The campaign is understood to have run in private mode for around 10 days before it opened up to the public. With less than two weeks left to run it is just four per cent The post CrowdProperty nears Seedrs target appeared […]

Twino has introduced a new range of loan terms and rates on its Polish loan securities having received permission from the regulator. The Latvia-based investment platform’s loan terms range from three to 12 months, with corresponding rates now offered at between eight and 14 per cent. The platform is also expected to introduce a 36-month The […]

Sancus Lending Group has reported a pre-tax loss of £14.1m in 2022, following the £10,000 sale of its Gibraltar arm to co-founder John Davey. It represents a 37 per cent increase on the previous year when pre-tax losses amounted to £10.3m. The Gibraltar sale meant a write-down of goodwill to the value of £8.6m, in The post Sancus reveals […]

Property-backed investments are extremely popular for a number of reasons. Many investors appreciate the security of property-backed loans, as it means that there is an asset which can be sold off if the borrower defaults. Furthermore, the ongoing housing crisis means that there is a surplus of demand for properties in the UK, and a The post […]

The Money Platform has partnered with credit data company LendingMetrics to speed up its credit-decisioning processes. The peer-to-peer consumer lender will use LendingMetrics’ Auto Decision Platform (ADP) to perform affordability checks rapidly across an array of integrated data sources, while offering customers greater transparency and choice. […]

CrowdProperty has appointed Adrian Gurnell (pictured) as chief technology officer and Sid Khan as programme manager, to support its ambitious three-year growth strategy. The peer-to-peer development lending platform said that Gurnell is a senior technology leader with more than 20 years’ experience across multiple sectors including financial […]

Research has revealed that 84 per cent of Brits in the higher income tax bracket are planning to open a new ISA in preparation for higher tax bills. Data from a CensusWide survey in February, on behalf of Barclays Wealth, discovered 55 per cent of Brits with an income between £50,000 and £100,000 are planning The post High earners turn to ISAs […]

Despite more open banking products being available to consumers, adoption by businesses is higher, according to a new report. The latest Open Banking Impact Report from Open Banking Limited (OBL), the body tasked with rolling out the data-sharing initiative, revealed that businesses have a 16 per cent penetration rate versus 11 per cent by […]

Metro Bank has revealed plans to use the RateSetter brand on aggregator and direct channels in a bid to significantly increase lending volumes. Speaking to Christer Holloman for Fintech Futures, the challenger bank’s banking products and digital managing director David Thomasson said the firm expects comparison websites to become increasingly […]