Property investors turn to P2P platform for funds
A growing number of property investors unable to secure finance from banks to buy property are turning to alternative finance providers to secure loans, with many now considering the benefits of getting their finance through peer to peer (P2P) lenders. (Property Investor Today)
P2P Property Lender Lendy Tops £300 Million.
Peer to peer property lender Lendy has surpassed £310 million in originations with £50 million coming in last 100 days. The P2P lender states that investors and developers are responding to post-Brexit slowdown in bank lending. (Crowdfund Insider)
BondMason looks to non-P2P investments
Peer-to-peer investment manager BondMason is increasing its exposure to non-P2P lenders to broaden its offering. (Peer2Peer Finance News)
How has the Bank Referral Scheme impacted business finance?
With a general election looming and the EU referendum still fresh in the minds of many small business owners, access to business finance could now be less assured than ever before. (Bridging & Commercial)
Challenger banks under pressure to meet ‘ringfencing rules’
Small UK banks are coming under pressure to meet tough new rules aimed at preventing taxpayers from having to bail out a lender again, as the government prepares to offload its stake in Lloyds Banking Group this week. (Financial Times)(Subscription required)