What Is Happening In Peer-To-Peer Lending - Market Commentary –10th November 2014

Last post: Nov 10, 2014

The Secret Investor reviews the peer to peer lending market 10th of November 2014

Totals lent to date (11th November 2014) Assetz Capital - £50 million plus Funding Circle - £417,168,980 FundingKnight - £8,043,000 FundingSecure - £2,042,929 Lending Works - £3,132,826 Money & Co –  £3 million plus Rebuildingsociety - £3,894,100 ThinCats - £81,200,000 Zopa - £653,000,000 ………….. Assetz Capital  

Assetz Capital's investors have so far funded £50 million plus (Exact figure not available). Three bridging loans for £1.96 million, £2.175 million and £1.89 million available for investors consideration plus another wind turbine loan, this time for £3.4 million.

Funding Circle

To date, it has processed loans totalling £417,168,980 – an increase of 3.8% in 2 weeks. Numerous opportunities for investors to lend their monies for a variety of purposes but not for anything unusual.


To date, loans totalling £8,043,000 have been processed – an increase of 0.75% in a fortnight. Again, a quiet couple of weeks with £60,000 lent and one new loan coming to auction for £25,000 for a marine company in Cardiff.


FundingSecure has administered advances totalling £2,042,929 – an increase of 1.02% in 2 weeks.They are in the throes of setting up 2 facility loans with limits of £250,000 and £150,000 with deed security valued on a forced sale basis of £800,000 and £300,000 respectively. This is the first time that they have lent money against property/land. Repayment will be still be required within a maximum of 6 months.

Potentially, there are many other interesting loans in the pipeline so watch this space.

Lending Works

Lending Works has arranged loans totalling £3,132,826 – an increase of 13.24%. In October 2014 it completed on loans totalling almost £1 million.The company has done some research into their loans book that shows 49% of borrowing was for vehicle/car purchase, 98% of borrowers are employed, 4 out of 5 borrowers are male, the average loan is for £4,222 over a term of 3 years and 39% of borrowers are in the age bracket of 25 to 34. The average income of borrowers is £32,490, the average loans outstanding total £406 and the average amount outstanding on credit cards is £1,255.

Money & Co

The amount lent so far is £3 million plus. Loan completed for £425,000 for Mar-Key Marquees. Other loans are apparently in the pipeline – watch this space!

rebuildingsociety rebuildingsociety's loan book stands at £3,894,100 – an increase of 1.3%. Interestingly, according to their blog, they only list in the region of 50% of received loan applications on the marketplace with the most popular reasons for turning aside applications being due to their not being enough security or turnover and evidence of serviceability of the requested borrowing.

If you like real ale why not get down to The Fighting Cock in Bradford on 28th November 2014 to sample some of their fine ales. This is a great opportunity to take a close look at the pub that you could be investing in as the owner is presently seeking £130,000 through rebuildingsociety to refurbish the premises that was CAMRA's Pub of the Year 2013.


The amount lent so far is £81,200,000 – an increase of 0.41% in the last 2 weeks.There are 3 loans in the auction for £250,000. £350,000 and £500,000.The one for £350,000 is for the ThinCats Lending Club Ltd that is made up of 7 secured loans enabling potential investors that have limited time or the expertise to assess lending propositions to spread their risk