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.
Ollie Phillips began investing with rebuildingsociety.com in Spring 2020, using his annual ISA allowance to lend to his property company, Spod Properties Limited. Phillips is the most successful England Rugby Sevens captain of all time,...
Understanding the platform average net return and the general health of the full loan book helps you to appreciate rebuildingsociety.com's performance in the context of other P2P lending platforms and other forms of investment. The average...
While some sectors are still struggling from the impact of COVID-19, the construction industry continues its recovery, with a significant boost from housebuilding (ONS.gov.uk, 5 Nov 2020). Investing in companies within the building sector seems...
Understanding the platform average net return and the general health of the full loan book helps you to appreciate rebuildingsociety.com's performance in the context of other P2P lending platforms and other forms of investment. The average...
