Welcome to our monthly peer-to-peer lending news roundup, where we feature interesting articles from across the industry. If you would like to be featured in our roundup of alternative finance news please get in touch.
Here’s what’s been happening in the world of alternative finance this month:
The Budget Update 2016 included a raft of changes for alternative finance, including an increase in the maximum ISA allowance from £15,240 to £20,000 from April 2017.
P2P business lending loan volumes grew in the fourth quarter of 2015 while loan volumes through the government-backed Funding for Lending Scheme decreased.
The Financial Conduct Authority revealed a backlog in processing the number of P2P lending platforms application for full authorisation, which is required for platforms to offer the Innovative Finance ISA, launched 6th April 2016.
The UK’s P2P lending market is 72% larger than the US on a per capita basis.
The Telegraph describes the benefits of different ISA types, including the Innovative Finance ISA, and the new personal savings allowance, which came into effect 6th April 2016.
LendingCrowd March news:
We wrote three blogs for investors on the benefits of different ISAs, how the P2P ISA can fit into your investment strategy, and whether P2P business lending is an investment option for you.
Borrowers can look forward to more posts next month!
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