Property Moose announced last week that they are suspending their secondary market at the end of the month, February 28th.
Assetz Capital, one of the UK’s largest P2P lending platforms with over £400 million lent out, have launched their IF ISA (Innovative Finance ISA). They are giving access to the same investment products offered to non-ISA accounts:
You can now invest in all of our automatic accounts tax-free, with investment into the Manual Lending Account (MLA) using your ISA allowance available in Q1 2018.
P2P-Banking and El Espanol have broken worrying news over the past couple of days. Comunitae, a large European peer to business lending platform, have detected internal fraud and are suspending activity – probably shutting down.
Comunitae is Spain’s largest P2P lender, and one of the largest Euro-SME lending platforms. Founded in 2008, they’ve raised over €3.5 million in external funding (for platform development). Data from Altfi shows an all time lend of around 45 million euros, 9 million of which was in the year to date.
At the start of November, Comunitae sent out a letter to its investors explaining that they had interally detected fraud affecting 18 guarantors. El Espanol explains that their own risk analyst was complicit in a form of payment fraud with various businesses. Comunitae state in their investor email that there are now criminal proceedings against the employee in question. Read more “Trouble at Spain’s Largest P2P Lender”
Property Partner have broken the UK record for a property crowdfund with their latest student property development. The development: 65 student blocks in Newcastle is expected to yield 6.13% after all costs and fees. To put the size of this deal into context, I took data from their latest open house (September 2017). Read more “Property Partner Crowdfund ~£3m Development, breaking UK Record”
There’s a significant change coming to Funding Circle investing on September 18th.
With £2.5 billion in loan finance under their belt, Funding Circle have done a rebrand to their website. However, it’s not just the front end that’s changing: soon Funding Circle are removing the ability for manual investing and reselling. Read more “Funding Circle & The Zopification of SME Lending”
I had a nice email from Anuj Agarwal (the founder of Feedspot) recently to say that P2PBlog.co.uk had been included in their list of the top 100 Peer to Peer Lending blogs. At first I thought… how did they find 100 Peer to Peer Lending blogs? Read more “P2PBlog Mentioned Among Top Blogs”
Property Moose is one of the UK’s largest Property Crowdfunding platforms. I’ve reviewed them in more detail in this review and they continue to be one of my largest personal P2P/crowdfunding investment platforms. I spoke with the founder, Andrew Gardiner, on a new type of loan investment they’ve just launched.
The Existing Investment Mix
Most of the investments to date on Property Moose are equity investments in individual properties (‘SPV’s). A few of the more recent investments were split into an equity part and a loan part. The equity investors took on more risk, but had the potential for higher returns. The loan part investors had a fixed rate of return but were first in line to get back their capital.
The New Loan Product
In future, some (not all) of the new investments will be split ~50/50 between an equity part and a loan part. The loan part will have: Read more “Property Moose Launches Lower Risk-Return Loans”