Loans Latest: Two Down, Two More In The Pipeline


Pipeline

With two loan offers just closed, we have two more in the pipeline. Ahead of their debut on site, we thought we'd remind readers of some of the key points to bear in mind when making an individual loan, or building a portfolio of loans (it's considered by many, including us, to be a good idea to mitigate risk by investing in a spread of loans). The tips below are from our Knowledge Hub.

M&CLogo

  • Spreading your loan offers is a good idea. All Money&Co.'s borrowing companies have been through a careful credit-analysis process, but there is always a risk that a borrower might default on debt. We protect lenders' interests by taking a charge on the assets of the borrower, but please be aware that there is no profit without risk. Spreading money across several borrowers is seen by many commentators as a good way of spreading risk.
  • Access to your money when you become a P2P lender is typically not as instant as withdrawing cash from an ATM or a bank. Lenders can sell their loans to other lenders in the loan market. Sometimes it may take a while to liquidate a loan.Read the risk warnings on site. As we've stated above, there can be no profit without risk. If you're at all unsure about any of this, consult a lawyer, accountant or professional investment adviser.
  • If you're involved in an auction process, watch that process carefully. There may be lots of bids at the end of the auction period, and the more expensive money gets driven out at the end as the borrower accepts the lowest bids. Unless, that is, the loan offers are for a fixed rate - which will always be indicated in the offer terms.

M&CLogo

Money&Co. is in the P2P business-lending sub-sector of crowdfunding. And is part of the fast-growing trend in crowdfunding loans. Money&Co. lenders have achieved returns of almost 9 per cent - before deduction of our one per cent fee - in the three years and nearly £10 million of loans facilitated on our platform.

We shall be posting new loan offerings on site soon. Meanwhile, our secondary loan market, offering existing loans for sale by lenders, is available to registered Money&Co. users. All loans can be held, tax-free, in an Innovative Finance Individual Savings Account, or Innovative Finance ISA.

Risk

If you haven't made a loan via Money&Co. before, please read the risk warnings and the FAQ section. You may also wish to consult a financial adviser before making an investment.



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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.