The area that has seen the biggest rise in high-risk mortgage lending in 2016 was Croydon with 419 new risky mortgages taken out by homeowners.
Peer to peer lending
World number one tennis champion Andy Murray has invested in specialist buy-to-let mortgage lender Landbay for a second time.
The Financial Conduct Authority is considering extending mortgage lending regulation to loan-based crowdfunding platforms.
An ‘Innovative Finance ISA’ is to be launched next year and will, for the first time, allow peer-to-peer lending to be sheltered from tax.
Paratus AMC, the residential mortgage servicer and parent of new buy-to-let lender, Foundation Home Loans, has purchased a majority stake in peer to peer lender, Funding Empire.
Peer-to-peer buy-to-let mortgage lender Landbay celebrates its first birthday on 9 July and salutes a successful year as it aims for £1 billion in lending in by 2018.
Landlordinvest is aiming to be the UK’s first near prime property peer-to-peer lender.
Buy-to-let mortgage specialist Landbay has launched into the peer-to-peer market with two buy-to-let products which include the first ever peer-to-peer tracker loan.
Market newcomer Landbay claims to have completed the UK’s first ever buy-to-let mortgage funded through peer-to-peer lending.
The peer to peer industry has welcomed the Financial Conduct Authority’s regulation proposals.