P2P Money Blog

Lendy have introduced two new products under the Lendy Weath brand for those wishing to lend a minimum of £50,000.  The rates are 6% AER for 60 day access and an introductary 10% AER for 365 day access. Here is the email sent to lenders: As you woul… more »

Lendy have announced that they have obtained full authorisation from the FCA.  This was confirmed in an email sent to lenders Liam Brooke, CEO, Lendy Ltd. I?m pleased to announce that today we?ve been granted full authorisation from the UK regulator,… more »

Lenders are able to download BondMason's Direct Lending in the UK report. https://www.bondmason.com/blog/direct-lending-uk-2018 more »

The administrators BDO who are running Collateral since the court appointed them on 28th April 2018 have updated their frequently asked questions on their website. This does not make good reading for lenders. Have borrowers continued to service the… more »

The FCA have won in court and the administrators appointed by Collateral to run the business have been replaced by BDO LLP.  Collateral was originally placed in administration on 28th February.  A statement has been published on the BDO website confirmi… more »