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FCA warns The House Crowd investors against using claims companies
The Financial Conduct Authority (FCA) has warned investors about using third parties to get their money back from The House Crowd, just days after the platform fell into administration. The...
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The House Crowd administrator reveals development loans have defaulted
All of The House Crowd’s active development loans have fallen into default, the collapsed peer-to-peer lender’s administrator has said. The platform announced on Friday 26 February that it had gone...
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Managing risk during the Covid storm
Platforms are innovating and adapting in order to survive the current crisis. Michael Lloyd asks how risk mitigation has evolved during the pandemic The peer-to-peer lending sector is facing choppy...
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The House Crowd administration costs reach £283k
The House Crowd’s administration costs have already reached £283,525, just two months after the company announced its closure. According to the Joint Administrators’ Statement of Proposals, £18,544 has...
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Exclusive: The House Crowd chief disputes unauthorised loan allegations
The House Crowd’s founder and chief executive Frazer Fearnhead has refuted accusations that he took out an unauthorised loan from the company, after an administrator’s report cited the matter as a...
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The House Crowd investors set up action group
The House Crowd investors have set up an action group to help them recover funds from the collapsed peer-to-peer lending platform. The property development lender entered into administration in...
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The House Crowd creditors will not form action committee
Creditors for The House Crowd have decided against forming a creditor’s committee, despite the creation of an investor action group earlier this month. During an update on the company’s dissolution,...
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P2P administration fees hit £5m
Administrators of collapsed peer-to-peer lenders have clocked up more than £5m in fees so far from the sector’s largest closures but are struggling to recover more than a third of the loanbooks....
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The House Crowd administration predicted to cost over £800,000
The House Crowd (THC) administration process is expected to take between 18 months to two years, at a cost of £869,527. According to the joint administrators’ latest progress report, they have incurred...
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P2PFN’s most popular stories of the year
From bounce back loan fraud to platform closures and loan book purchases, there were plenty of big stories to chew on in 2021. But what were the most-read news reports on Peer2Peer Finance News? Read...
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A month-by-month guide to P2P in 2021
2021 has certainly been a memorable year for the peer-to-peer lending space. Much has happened, with platforms bouncing back from Covid, supporting businesses and passing many milestones while also...
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The biggest shocks of 2021
2020 brought the great shock of a pandemic but 2021 also served up plenty of surprises in the peer-to-peer lending sector. From platform closures to international expansions, here Peer2Peer Finance...
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Average IFISA returns pass 9pc for second year running
Innovative Finance ISAs (IFISAs) returned an average of 9.01 per cent during 2021, showing that the peer-to-peer lending model can deliver inflation-beating returns during periods of prolonged economic...
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The House Crowd’s administration extended to 2023
The House Crowd’s administration has been extended until 2023 as it nears its one-year anniversary. According to documents published on Companies House, joint administrators Quantuma said the...
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An update on P2P platform administrations
The administration process for collapsed peer-to-peer lending platforms has proved lengthy to say the least, running into several years in some cases. Here Peer2Peer Finance News updates you on the...
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The House Crowd administrator awaits court clarity on distributions
More than £150,000 of uninvested funds have been returned to investors of collapsed peer-to-peer lender The House Crowd in its first year in administration. However, administrator Quantuma has said...
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The House Crowd investors handed three-week deadline for court submissions
A High Court judge has given The House Crowd investors three weeks to provide information relating to the administrator’s court filings for clarity on distributions. In the latest progress report,...
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Transparency Taskforce invites P2P investors to march against FCA failures
The Transparency Taskforce (TTF) has invited investors from collapsed peer-to-peer lending platforms to join a march in London that it is organising to protest the City regulator’s conduct and failure...
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The House Crowd administration predicted to cost over £800,000
The House Crowd (THC) administration process is expected to take between 18 months to two years, at a cost of £869,527. According to the joint administrators’ latest progress report, they have...
View ArticleClik here to view.
P2PFN’s most popular stories of the year
From bounce back loan fraud to platform closures and loan book purchases, there were plenty of big stories to chew on in 2021. But what were the most-read news reports on Peer2Peer Finance News? Read...
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