Tagged: lendy

Lendy Update: Breaks Previous Monthly Loan Repayment Record; Recovers £20 Million in October 2017

UK-based peer-to-peer property platform Lendy announced on Thursday it has broken all previous records for loan repayments generated in any one month, recovering £20 million in total in October 2017 alone. The online lender reported that this exceeds its previous September 2016 high of £14.5 million. The… Read More

Online Lender Lendy Seeks IFISA Permission & Announces Repayment For Largest P2P Loan

UK-based peer-to-peer property platform Lendy is currently seeking permission to launch an innovative finance ISA (IFISA). This news comes just after the online lender announced its 2016 earnings and additional growth plans. According to FT Adviser, head of marketing and communications for Lendy, Paul Riddell… Read More

Lendy Expands: Appoints Three New Senior Hires to Team

Peer-to-peer lending platform Lendy recently announced it has appointed three new senior hires to its growing team. Shane Lewin was named compliance officer, while Shaun Reynolds was appointed development finance support manager, and Pamela Guillamon was appointed international marketing manager. According to Lendy, Lewin previously… Read More

Alternative Lending Index Unveils European Cross-Border Lending Opportunities

Twino, one of the leading Baltic lending marketplace, has produced in conjunction with KPMG Baltics a report called Alternative Lending Index which assesses the potential of alternative finance in 23 European countries based on a set of economic credit data. While the report does not… Read More

P2P Property Lender Lendy Tops £300 Million. Speed, Security & Low LTVs Key to Growth

Peer to peer property lender Lendy has surpassed £310 million in originations with £50 million coming in last 100 days. The P2P lender states that investors and developers are responding to post-Brexit slowdown in bank lending.  Lendy adds that quick turnaround, security and low Loan… Read More

Lendy: 2017 is the Year that P2P Lending Finally Matures

Lendy, a UK based peer to peer lending platform in the secured property sector, believes 2017 is the year for P2P lending to finally mature. Management says that P2P will shift from alternative finance to “main challenger to the traditional banks.”  But to accomplish this… Read More

Lendy Reports: £1 Million Mortgages in the UK Increase by 24% in Just One Year

UK-based peer-to-peer-secured lending platforms, Lendy, announced on Monday its latest report reveals that the number of new residential mortgages worth over £1 million went up by 24% last year (ending September 30, 2016), as banks continue to favor lending to owner-occupiers and reduce lending to property… Read More

Lendy Integrates Saving Stream Platform to Continue Growth

UK-based peer-to-peer-secured lending platforms, Lendy, announced on Tuesday it is integrating its popular investor-facing platform, Saving Stream, under its Lendy brand as part of the platform’s continued growth. According to the company, it is merging Saving Stream, with its borrower-facing brand, Lendy Finance, in order to simplify… Read More