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HNW Lending PLUS Rating update HNW Lending* now has 3/3 PLUSes – the highest and top 4thWay PLUS Rating – on both its senior loans and junior loans. Previously, its junior loans had a 2/3 PLUS Rating. For junior loans, its 4thWay Risk Score ticked down one to 6/10, i.e. the score got one point… Read more
4thWay’s experts are now part-way through their latest reassessment of the P2P lending sites’ (and P2P IFISA providers’) 4thWay PLUS Ratings. As usual, they took the opportunity to make measurable improvements to our ratings methodology. All the improvements make the 4thWay team feel better, because they ironed out a couple of creases. But, on this… Read more
As you may know, you can only open one IFISA in a tax year, which runs from 6th April to 5th April, and this limits your ability to spread your money and the risks across lots of provider. But you’re wrong! You are actually allowed to open lots of IFISAs in one tax year. The… Read more
One of the P2P lending sites that I think is not used enough by lenders is Lending Works*, which does personal loans to creditworthy borrowers – mostly prime borrowers. Why are lenders ignoring Lending Works? I think Lending Works just doesn’t appear, at first site, to tick all boxes for some lenders. Two boxes in… Read more
Landbay*, which does mortgages for residential landlords, has had a perfect record since it started in 2014, with no peer-to-peer loans falling even one payment late. As of this month, it now has three loans out of 733 – or 0.4% – that have each missed a payment and have therefore fallen just slightly late…. Read more
Recently, one borrower at ArchOver* suffered severe trouble. This borrower is so large that I shall argue it represents something like 8% of ArchOver’s entire historical (corrected) loan book. That is too much. What happened with this borrower? Every borrower and every bad debt has its own story – and it is all too easy… Read more
Lendy hasn’t failed, but its story today made me think of all the peer-to-peer lending websites or P2P IFISA providers that had either failed, closed down, stopped offering P2P lending products, or needed to be saved or taken over by other platforms. Regulated P2P lending sites that have gone down one of those paths include:… Read more
We are regularly asked by 4thWay’s users about whether an individual P2P lending site is profitable – whether it is making money. Their concern is that if these websites are not profitable then they will go bust. Or, rather, the concern is that if they go bust it will take much longer to get your… Read more
HNW Lending offers many loans with exceptionally high-quality security to protect you against losses. This means that the borrower owns properties or possessions that are easy to value and that are worth much more than the loan amount. For a good proportion of these loans, lenders are also first in line if the borrower has… Read more