Nomad
Member of DD Central
Posts: 755 
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Post by Nomad on Mar 7, 2018 14:40:40 GMT
Couple more Landlordinvest - newbie Folk2Folk Press release today - Folk2Folk has announced that it has now lent £200m to hundreds of local businesses across the UK.
The P2P lending platform has supported businesses in agriculture, the visitor economy and property sectors to grow, diversify or refinance.
The platform’s local economic model Folkonomics has also helped to build socially and financially successful communities as part of Folk2Folk’s local lending movement.
“Reaching £200m lent highlights the important role Folk2Folk plays in rural areas, providing a lifeline to many businesses seeking debt finance for growth, diversification or development,” said Giles Cross, CEO at Folk2Folk (pictured above).
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michaelc
Member of DD Central
Say No To T.D.S.
Posts: 5,710
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Post by michaelc on Mar 10, 2018 22:07:58 GMT
Excellent resource. It might be more practical though if the company logos were replaced with boring text in alphabetical order?
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Post by dan1 on Mar 11, 2018 14:45:16 GMT
Excellent resource. It might be more practical though if the company logos were replaced with boring text in alphabetical order? I'm inclined to agree, or maybe an additional hidden column to enable find (ctrl-f)?
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hector
Member of DD Central
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Post by hector on Mar 11, 2018 19:45:25 GMT
No disagreement with any of the above BUT, with our recent experience of what appears to be a falling between the cracks by COL, what investors/lenders really also need is an instant Alert process if approval lapses or is removed
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
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Post by stub8535 on Mar 12, 2018 2:02:40 GMT
No disagreement with any of the above BUT, with our recent experience of what appears to be a falling between the cracks by COL, what investors/lenders really also need is an instant Alert process if approval lapses or is removed How would that help hector it would only have the effect that the investors get wound up earlier still with nothing they can do in order to get out.
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Post by justuslee on Mar 12, 2018 14:42:39 GMT
Great work P2Pmoney - Please be advised that JustUs is registered with HMRC as an authorised ISA Manager under the company name eMoneyHub Ltd.
I also think it would be very worthwhile to have the platforms FCA client money permissions verified. The FCA register states whether a platform is authorised to protect and control client money.
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hector
Member of DD Central
Posts: 122
Likes: 162
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Post by hector on Mar 13, 2018 10:09:27 GMT
No disagreement with any of the above BUT, with our recent experience of what appears to be a falling between the cracks by COL, what investors/lenders really also need is an instant Alert process if approval lapses or is removed How would that help hector it would only have the effect that the investors get wound up earlier still with nothing they can do in order to get out. Hi stub8535, a couple of reasons, there are probably more. If to some investors it is important for them to know if a platform is Fully Authorised, Partially Authorised/Not Authorised/Registered etc, then surely it is logical that it is also important to them to be aware of a negative change in that status? Secondly, IF one of the reports re COL is correct in that their status on the FCA ladder was removed & they (& from the lack of comment during February, investors also) were not aware of that fact for some days or even weeks, the loss of Registration then leading to a cessation of operating & entry into Administration, any improvement in making such status change early public knowledge would be good?
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