Articles tagged with 'Peer to Peer Lending'
Southern Cross loan book nears $225 million
24 February 2020 - Peer-to-peer lender Southern Cross Partners expects its loan book to reach $225 million in the year to March, an increase of nearly 50% on 2019.
Latest on Harmoney legal case; new guidelines for landlords
20 August 2019 - No rate changes in the market today. Over on TMM Online, we have news on the regulator's pursuit of peer-to-peer lender Harmoney. Read all about it...
Southern Cross names new CEO
9 August 2019 - Peer-to-peer lender Southern Cross Partners has appointed a new chief executive from outside of the financial services industry as it looks to grow its loan book.
Peer-to-peer lending on the rise
23 November 2018 - More individuals and businesses in New Zealand are turning to peer-to-peer lending, according to new figures from the Financial Markets Authority.
Harmoney reaches $1 billion in lending
13 November 2018 - Peer to peer lender Harmoney has cracked the $1 billion in lending mark with debt consolidation being the biggest use of funds.
Southern Cross enjoys strong year
11 September 2018 - Peer-to-peer lender Southern Cross has seen its loan book grow by nearly 25% so far this year, as alternative lenders continue to take a bigger slice of the New Zealand market.
Squirrel launches no-fee personal loans
27 July 2018 - Adviser Squirrel Mortgages has launched a no-fee loan product for homeowners looking to renovate and improve their properties.
Disclose “incentives” and “perks”: Southern Cross CEO
2 July 2018 - The Ministry of Business, Innovation and Employment's proposals to make advisers publicly disclose commission have proven unpopular, yet one Kiwi lender would like to see advisers go even further.
P2P lender cuts rates
18 June 2018 - Peer to peer lender Lending Crowd has cut its borrower interest rates for all new business and personal loan applications including vehicle purchases and debt consolidations.
New build financing gap boosts Southern Cross
6 June 2018 - Peer to peer lender Southern Cross Partners has seen an increase in investor demand as first time buyers struggle to finance new-build properties.
LendMe rebrands, takes on Australia with bank boss at helm
6 July 2017 - Borrowers who are having trouble getting lending from mainstream banks are seeking alternatives, such as peer-to-peer options, one provider says.
Law firm turns peer-to-peer lender
1 February 2017 - Citizens Brokerage, an Auckland-based law firm, has become a peer-to-peer lender, offering loans on residential property.
Lawyer converts lending business
25 January 2017 - An Auckland-based law firm, which used to offer contributory mortgages is the latest licensed peer to peer lender.
Non-bank lender experience good growth
22 December 2016 - Innovation and additional product offerings are key areas of focus for the non-bank sector as they look to shore up growth in the face of ongoing disruption from P2P lenders.
Non-bank lender moves into peer to peer lending
22 November 2016 - One of the well-known non-bank lenders is the latest to set up a peer to peer lending business. [READ ON] ...
New peer-to-peer mortgage provider licensed
21 November 2016 - New Zealand’s newest peer-to-peer mortgage lender is promising to offer mortgage brokers an easier way to get deals done for clients struggling to access funds from the banks.
NZ must be nimble on p2p: Seymour
11 October 2016 - Act leader David Seymour is calling on the Minister of Commerce to allow peer-to-peer platforms flexibility in their charges.
Developers flocking to non-bank finance
26 August 2016 - Housing supply shortage and tighter bank lending requirements mean small-scale property developers are flocking to non-bank alternatives to secure finance...
Lending Crowd wants to raise $5m
12 August 2016 - Peer-to-peer lender Lending Crowd wants to raise up to $5 million from investors to finance its growth plans.
LVR rules an opportunity for P2P
22 July 2016 - Peer-to-peer lender LendMe is expecting to a get boost as a result of the new, tighter loan-to-value restrictions on investors.
Institutional backing gets blame for high rates
20 June 2016 - Constraints on funding are being blamed for the interest rates peer-to-peer lenders are charging borrowers.
Harmoney appoints chair
16 May 2016 - Peer-to-peer lending marketplace Harmoney has appointed current director David Flacks as its chair, and Stuart McLean will join the board as a director.
PledgeMe approved for lending
28 April 2016 - Pledge Me has had its application approved for a licence to move from crowdfunding into peer-to-peer lending.
Harmoney puts brakes on secondary market
22 March 2016 - Peer-to-peer lender Harmoney is putting a secondary market on the back burner because it says it is not a priority for investors.
Squirrel exceeds target
14 March 2016 - Two days after releasing its offer documents, Squirrel’s equity crowdfunding offer had already exceeded its target.
Squirrel secondary market approved
11 March 2016 - Squirrel Money has had its secondary market approved by the Financial Markets Authority.
Squirrel investors to receive offer docs
4 March 2016 - Squirrel’s founder has revealed an ambitious plan for growth ahead of a share market listing within the next 18 months. Read here. ...
Squirrel investors get offer docs today
4 March 2016 - Squirrel’s founder has revealed an ambitious plan for growth ahead of a share market listing within the next 18 months.
Peer-to-peer lending growing in popularity
2 March 2016 - A mortgage broker who placed a client with a peer-to-peer lender after they were rejected by the bank says it is likely to become a more popular option...
Peer-to-peer a growing option, broker says
2 March 2016 - A mortgage broker who placed a client with a peer-to-peer lender after they were rejected by the bank says it is likely to become a more popular option for advisers.
Harmoney arrears increase
22 February 2016 - A $1.9 million increase in Harmoney’s loan arrears over January is likely partly attributable to seasonal factors, the peer-to-peer lender says.
P2P investors told to get tax advice
9 February 2016 - Peer-to-peer investors should seek advice on their tax obligations before they start investing, Inland Revenue says.
Harmoney switches to real-return reporting
3 February 2016 - Harmoney investors say they have been surprised to see realised annual returns (RAR) reported for their portfolios that are lower than the previously-reported forecast annual return (FAR).
Investors ask: Where are the loans?
27 January 2016 - A rush of interest from investors meant slim pickings for those looking to put their money into Lending Crowd's loans around Christmas.
Harmoney chair steps down
12 January 2016 - Peer-to-peer lender Harmoney’s chairman Rob Campbell has resigned. It comes after founder Neil Roberts returned to the board following several months...
Lending Crowd soft launches
11 January 2016 - New Zealand’s newest peer-to-peer lender, Lending Crowd, has written more than $500,000 in loans since its soft launch late last month.
Crowdfunding site moves into P2P
7 January 2016 - Another peer-to-peer operator is set to launch in New Zealand.
Harmoney increases borrowers' interest rates
7 January 2016 - Peer-to-peer lender Harmoney has increased the interest rates it charges some of its borrowers.
Comcom examines LendMe fees
14 December 2015 - Peer-to-peer lender LendMe has been contacted by the Commerce Commission, with questions over the fee it charges its borrowers.
Harmoney to launch insurance product
11 December 2015 - Peer-to-peer lender Harmoney is set to launch consumer credit insurance. It is a type of cover that pays out when something affects borrowers' ability...
Harmoney to launch insurance product
11 December 2015 - Peer-to-peer lender Harmoney is set to launch consumer credit insurance. It is a type of cover that pays out when something affects borrowers' ability...
Bolton: How do investors know P2P right for them?
9 December 2015 - Peer-to-peer platforms need to start regularly disclosing information to their investors about more than just the individual loans they are invested in, one provider has argued.
Harmoney changes fee structures
4 December 2015 - Harmoney is now charging a flat upfront fee of $375 to borrowers, replacing a percentage model that was being investigated by the Commerce Commission.
Brokers refer tricky clients to LendMe
1 December 2015 - Mortgage brokers have referred much of new peer-to-peer lender LendMe's early business.
Squirrel promises 'market-beating' low rates
5 November 2015 - Squirrel is the latest peer-to-peer lender to enter the market and is promising market-beating personal loan rates. Relying solely on retail investors,...
Squirrel promises low rates
2 November 2015 - Squirrel Money has opened for business and is promising market-beating personal loan rates.
NZ’s 4th P2P lender to target SMEs
12 October 2015 - New Zealand’s peer-to-peer (P2P) lending scene is set to get busier, following the news that Lending Crowd received its license from the Financial Markets Authority (FMA) on Friday.
Attractive yields on offer at Harmoney
10 September 2015 - New Zealand’s first peer-to-peer (P2P) lender has had a cracker of a first year, but it is investors in the Harmoney marketplace that are seeing the profits.
Squirrel to fire up NZ’s P2P market
10 August 2015 - Squirrel Mortgages is set to launch its peer-to-peer (P2P) lending service early next month, after receiving New Zealand’s third P2P licence from the Financial Markets Authority (FMA) on Friday.
Property borrowing to get easier with arrival of LendMe
12 May 2015 - New Zealand’s residential property borrowing environment is set to blow wide open with the news that LendMe has received New Zealand’s second peer to peer (P2P) lending license.
Harmoney gets GM from life companies
3 April 2015 - Monica Mathis has taken up a role as general manager at Peer to Peer lender Harmoney. Prior to that she spent nearly three years with AIA and a couple...
