The end of the year is prediction time. Some of the more engaging come from BondMason, a P2P intermediary platform, which reports doubled P2P lending to £2.3 billion on 2015. The platform, as reported by Crowdfundinsider, also predicts:
“BondMason an online savings and investments platform that sources investments from across the peer-to-peer (P2P) market for its clients, announced on Thursday that in its latest report that P2P lending has doubled to £2.3bn in 2015
“The company revealed that P2P platforms are fast becoming the popular alternatives to traditional savings accounts, ISA’s and stocks and shares. Faced with low interest rates at high street banks, more and more people are turning to investing in P2P loans to get better returns. The company noted as the P2P lending market matures in the UK, it is beginning to demonstrate similar market characteristics to the investment banking market:
We’ll bring you our own predictions for 2016 next week. In the meantime,we should remind you that Money&Co. has facilitated loans of around £7 million to SMEs since the launch of our website in April 2014. Our registered lenders have averaged gross yields of over 9 per cent since launch.
To learn more about getting good returns on capital potential lenders should click here. Remember, when lending your capital is at risk – please read the warnings on our Home, Lend and Frequently Asked Questions pages.