Positive Press Coverage: Mortgage Solutions.

Fair point, but if you take a look at our platform www.emoneyunion.com/lend/yields-and-risk-rating we take a 2% yield on the lower rate secured loans in line with other platforms. There is no other comparison for our second charge loans and you would need to understand the work involved, you are welcome to visit our office and we will gladly share the in-depth process.

On your other points, unfortunately many, in-fact nearly all traditional lenders have stopped lending to non-standard borrowers due to new EU regulations due to come into effect, hence our disruptive FinTech platform has a place. The costs of establishing and maintaining the platform are not insignificant and costs need to be covered. We are a robust business model, being fit for regulatory purpose with a modest profit forecast. Naturally the more loans executed and increased competition will come into effect over time and borrower rates are likely to improve with the introduction of ISA and Pension capital onto the platform and lender yields may well reduce as a result, the market will dictate! 

We love competition and this drives a better deal for all concerned, so we wholeheartedly look forward to the market becoming more mature over time and new entrants emerging, consumer credit is a £170BN a year industry and I believe Peer to Peer - Online Lending can take a huge slice of the entire consumer credit market. But the eMoneyUnion model is what it is at this moment in time, something our 100 strong investor crowd have supported and continue to do so.

Great debate, the loans carry no redemption penalties and as borrower options and lender appetite improve then the borrower can redeem without penalty. These borrowers are grown ups and would have taken a lower rate, shorter term loan option if they had been able I'm sure.