People who lend money through peer-to-peer lenders will be protected from bad debt by new policies introduced in Wednesday’s Autumn Statement.
In an effort to make the UK a more attractive place for financial technology companies, the government revealed a plan to support P2P lending and crowdfunding platforms through a package of measures designed to remove regulatory and tax obstacles.
These include a new bad debt relief for lending through P2P platforms – allowing lenders to write off bad debt in a similar way to banks. This is something that has been lobbied for since rebuildingsociety first started, so we’re delighted about this. It makes investing much more efficient and we’ll be looking at ways to change our statements to reflect it.
Founded in 2012 we're one of the longest standing P2P platforms in the UK. We've seen a lot of change in the industry, we've been through the painful journey of becoming regulated and have gone...
If you follow news on P2P lending you may be aware that over the last few years the Financial Conduct Authority (FCA) have been carrying out a review of the Peer-to-peer and crowdfunding (equity) sectors....
We’re making changes to the look and feel of the website. One of the areas that you’ve told us you want to see change, is the lender dashboard. You’ve told us that you would like...
As we head towards the end of the tax year, think about where you have your ISA, what type of ISA products are available and whether there is another ISA provider that might be better...
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