Lendy investors must undergo new AML checks before receiving owed funds
LENDY investors will have to go through anti-money laundering (AML) checks again before they receive any money back. RSM, which was appointed administrator of the...
Category : property
Alternative property lenders make waves over the summer
THE SUMMER months are typically quieter but things have been hotting up in the alternative property finance sector, with firms launching new products, securing funding lines...
A year to remember | Peer2Peer Finance News
Wellesley has had a banner year, reaching a series of milestones while completely revamping its platform. Managing director Luke Madden tells all… IT’S BEEN A...
Luxembourg Completes First Real Estate Tokenization with Blockchain
Six Luxembourg-based companies including Creahus, Espace Invest, Property Token SA, Tokeny, CoinPlus, and INNO, have joined forces to tokenize a luxury building located in the...
Residential mortgage lending declines in June
THE number of mortgage approvals and the value of lending both declined for the first time in three months during June 2019, industry data shows....
LendInvest boosts business development team with new hires
LENDINVEST has bolstered its business development team nationwide, to support the online property lender’s next stage of growth. Nigel Robbins has joined LendInvest from specialist...
Chinese Court Declares Bitcoin As Legal Property
The Hangzhou Internet Court ruled that Bitcoin should be classified as virtual property, which simply legalizes the ownership of Bitcoin in China. The development was...
New concerns emerge about FCA regulation of Lendy
LENDY investors have backed calls for an independent probe into the regulation of the peer-to-peer property lending platform prior to its collapse. The latest administrator’s...
Bitcoin Is ‘Virtual Property’ Says Second China Court
China has officially recognized Bitcoin as a valid phenomenon for a second time after a court determined it is “virtual property.” Bitcoin Is ‘Valuable, Scarce...
Bitcoin and Voluntaryism – Where Libertarian Philosophy Meets Crypto
For the uninitiated, voluntaryism is a philosophy based on consent. In the simplest terms it says: “If it’s not voluntary, it’s not moral.” This basic...
Property Partner unveils new chief exec and introduces account fee
PROPERTY Partner has appointed a new chief executive and has introduced new fees to the platform. The peer-to-peer property investment platform, which crowdfunds projects and...
Lendy administrator outlines the state of collapsed P2P lender’s loanbook
LENDY investors are likely to receive an average of 57p on the pound for development finance and 58p for every pound from bridging loans funded...
Lendy collapse: Who’s to blame?
THE collapse of peer-to-peer platform Lendy has left investors unable to access their funds and raises questions over how the platform was managed and regulated....
BondMason: Private BTL landlords saw higher returns in June
AN INCREASE in UK property prices in June boosted private buy-to-let landlords’ returns, according to new data from BondMason. The property investment specialist, which recently...
No alarms and no surprises
Luke Madden, managing director at Wellesley, was not surprised by the FCA’s revised regulations. In fact, Wellesley has made a habit of planning ahead THE...