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P2P sector saw £2bn loans in 2015: Comment PDF Print E-mail
Tuesday, 02 February 2016

Kevin Caley, Founder and Chairman of ThinCats, said: “The low interest environment has drastically altered the investment market, creating a booming alternative lending sector, as savers cut out the banks to access average returns of as much as 9% on secured loans. 


“Today’s figures from the P2PFA demonstrate that the sector grew at a truly remarkable rate in 2015 and we expect this trend will continue, especially if the new Innovative Finance ISA launches as expected in April. By allowing people to invest their full ISA allowance into peer-to-peer while gaining tax-free returns the new tax-wrapper will help to bring peer-to-peer into the mainstream investment arena and attract many more people to the emerging asset class. Our own research suggests that one in three investors will consider moving money into peer-to-peer once the new ISA comes into play.”
 

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