Investors get chance to fund home loans through Squirrel; Harmoney exits

Squirrel, led by chief executive John Bolton (pictured), has made changes to its P2P platform, and will welcome retail investors to invest in home loans for the first time. The firm already lets P2P investors back its personal loans. 

The financial services company said it will "make it easier and more accessible for retail investors to get better returns on their money".

Squirrel has already funded a number of mortgages that will be available to P2P investors in the secondary market. P2P investors will be able to invest their money from March onwards.

Squirrel's Dave Tyrer told TMM Online the company's business model would reduce some of the complications faced by rival P2P players.