Kuflink is on course to reach its £300m lending milestone by June 2023 – just a year after it hit the £200m mark. It took the peer-to-peer lending platform almost five years to reach its £100m lending milestone, and another 17 months to reach £200m, demonstrating the pace of growth at the firm. However, for […]
Experienced buy-to-let (BTL) investors are spending an average of £1.2m on ready-made property portfolios, rather than focusing on single properties, new research has found. For the selling investor, this provides an easy and fast way of offloading a number of properties, while the buying investor is able to rapidly scale up their portfolio. Data from […]
Concerns about the fitness and propriety of regulated firms and their staff featured as the top allegation reported by whistleblowers during the first quarter of 2022, according to data from the Financial Conduct Authority (FCA). Around 104 complaints fell into this category during the three-month period, followed by concerns that firms were not treating customers […]
Zopa co-founder Giles Andrews (pictured) has been officially announced as a non-executive director of C. Hoare & Co. The private bank noted Andrews’ “extensive experience in financial technology, lending and investment” in an announcement today (11 August). “Giles is a great addition to the board,” said C. Hoare & Co.’s chairman Lord Macpherson. “His experience […]
Kuflink has expanded its proposition with a host of new products and features, including the launch of its first ever buy-to-let lending product and a new self-invested personal pension (SIPP) pool. The new buy-to-let product allows existing borrowers to refinance their original bridging or development loan rather than having to go to a bank. They will […]
Funding Circle research suggests we are heading into the ‘Care Economy’ phase, as companies offer new perks like creches and menopause counselling. However, the study carried out by OnePoll suggests it may not all be good news for employees: an increase in working from home is likely to be accompanied by greater surveillance in home […]
Innovate Finance has called for a new approach to the fee-block arrangements which have been set out by the Financial Conduct Authority (FCA), as the current rules are not a good fit for innovative fintech firms. As part of a written response to a Financial Ombudsman Service (FOS) discussion paper on future funding, Innovate Finance […]
AxiaFunder has hired two new senior case assessors, after narrowing its losses in 2021. Anthony Berry, a specialist in portfolio funding, and Noor Kadhim, a senior commercial arbitration lawyer, have both joined the litigation finance crowdfunding platform. Both Berry and Kadhim will work alongside Michael Lent, AxiaFunder’s head of case assessment. The new hires come […]
The first two lenders have signed up to Pexa UK’s digital remortgaging platform, which is due to go live next month. Shawbrook Bank and Hinckley & Rugby Building Society will be the first lenders to transact remortgaging cases via the platform, with further lender announcements set to follow throughout 2023. Pexa UK is the British […]
A third of small- and medium-size enterprises (SMEs) believe that they won’t survive the year without access to finance. According to a new survey from financial comparison website NerdWallet, 41 per cent of SMEs said that finance has become less accessible than it was a year ago. 33 per cent of business owners said they […]
One fifth (20 per cent) of the peer-to-peer lenders in Europe plan to increase their allocations to the sector, a new study has found. According to an analysis by Croatia-based P2P lending platform Robocash, since the beginning of 2022 P2P investors have increased these investments more than other asset in their portfolio. However, when planning […]
The first five lenders to be accredited under the new iteration of the Recovery Loan Scheme (RLS) have been announced by the British Business Bank (BBB). Bank of Scotland, Coventry & Warwickshire Reinvestment Trust, Lloyds Bank, NatWest and Royal Bank of Scotland have been authorised to offer loan facilities of up to £2m for borrowers […]
Shojin Property Partners has seen a 35 per cent increase in the value of investments coming from investors in Hong Kong, Singapore and Taiwan since the start of 2022. This trend mirrors the changing investment landscape and appetite from the Far East, the property peer-to-peer lending platform said. Shojin has been expanding globally over the […]
Lendy has been described in court as being a “chaotic” place to work, creating a “toxic atmosphere for anyone to work in.” According to reporting by The Mouse in the Court blog, during day four of an ongoing employment tribunal, accountant Charles Bellringer gave evidence to the court where he was highly critical of the […]
Bryan Zhang has been appointed as chair of a new strategic working group aimed at developing and encouraging uptake of open banking in the UK. Zhang is co-founder and executive director of the Cambridge Centre for Alternative Finance at the University of Cambridge Judge Business School. He was hired after a recruitment process led by […]
