![]() ![]() ![]() More specifically, UK investors are required to answer a number of questions regarding their prior experience of investing in crowdfunding sites, as well as to test their knowledge of the risks. At the forefront of this is a responsibility for P2P lending sites to provide clear and concise information on the risks associated with P2P loans. The only exception to this rule is if the individual has received advice from a registered financial advisor.Īdditional regulations also exist. For example, you have £100,000 invested across a balanced portfolio of stocks and shares, indices, and bonds – only £10,000 of this figure can be invested with a P2P loan. This stands at 10% of the individual’s invested assets. As a result, there is now a cap on how much UK residents can inject into P2P loans. The regulator incorporated the P2P space into its remit to help protect investors from large losses. First and foremost, the industry is now regulated by the UK’s FCA. UK P2P Lending Sites: The Current State of Playīefore I delve into my selected P2P sites, let’s have a quick look at the current state of play in the UK space. I’ll unravel the good and bad points of each platform, subsequently allowing you to make an informed decision as to which site is right for you. In this article, I explore some of the best UK P2P lending sites. For example, while some focus on real estate financing, others target the consumer loan space. Nevertheless, with dozens of leading UK P2P sites now active in the market, knowing which platform to invest with can be challenging. Crucially, this centers on the amount that retail investors can inject into P2P loans in relation to their total invested assets. With that being said, the Financial Conduct Authority (FCA) – the UK-s chief financial watchdog, recently noted that it is looking to tighten its grip on P2P sites. This makes sense when you consider just how low UK high street interest rates are, with savers fortunate to get anything above 2% these days. The peer-to-peer (P2P) lending space in the UK has grown to exponential heights in recent years – with more than £6.1 billion funded in 2018 alone. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |