Bumper Year So Far For Money&Co. And P2PFA


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Money&Co. has had an excellent 2015 so far, with around £2 million in loans facilitated from six successfully completed loan auctions. The last of the completed auctions closed this week. Olsen Doors & Windows raised £250,000 for its B-rated loan at a gross rate of 10.4 per cent.

Two loans are currently open on site, both are A-rated, with current indicative yields of 9.7 and 10.5 per cent. For more detail register or login.

M&CLogo

We are not alone in having a good year. New figures from the Peer-to-Peer Finance Association (otherwise known as the P2PFA, with which Money&Co. is currently in membership talks) show the industry lent more than £459 million in the first quarter of 2015, taking cumulative lending to more than £2.6 billion.

Accordfing to the P2PFA, "the data also shows an increase in lending on the previous quarter (Q4 2014) by almost a third (32.7 per cent) with net lending flow exceeding £255 million. These figures follow data by the P2PFA showing its members lent over £1.2 billion alone in 2014.

P2PFALogo

Commenting on the figures, Christine Farnish, Chair of the P2PFA said: "These numbers are excellent and reflect the strong industry growth into 2015. We are continuing to see strong appetite in the consumer market and a significant increase in lending flow to businesses too.

P2PLendingQ12015

"The future decision around how peer-to-peer lending will work within the ISA wrapper remains crucial for the industry this year. It is important to ensure a separate 'Lending ISA' is created, a decision that will not only create greater consumer choice, but will avoid any confusion of placing peer-to-peer loans with stocks and shares, a completely different and riskier asset class."

Risk

Remember that lending carries risk. Please read the risk warnings on our home page and in our Frequently Asked Questions.



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Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.