UK Peer-to-Peer Lending to Reach EUR 5 Bn to 2018, Says Ian Youngman in His Report Available at MarketPublishers.com20 Dec 2016 • by Natalie Aster
LONDON – Peer-to-peer (P2P) lending across the UK is expected to be valued at over EUR 5 billion (around USD 5.24) by 2018-end, up from just under 500 million in 2013.
Over the next ten years the P2P industry is set to expand at a rapid pace, belonging within the alternative finance movement that is urging banks to alter some of their behaviours. But don’t get it wrong, banks are finding means of making profit from P2P platforms, like repurchasing loan books or providing finance or contracting partnerships.
By the end of 2020 it will be popular for individuals and businesses to get in contact with lenders via P2P websites and market-wide platforms. It enables the lenders to lend money whist bypassing traditional banks. ROI is financial, but investors also benefit from contributing to the success of a concept they put faith in.
The UK is the leader in P2P lending across Europe, and continuous regulation has witnessed a rooting out of platforms. Some have gone out of business, others taken over, some closed and many just trailed away.
New in-demand report “Peer-to-Peer Lending: UK” created by Ian Youngman provides a comprehensive and unbiased assessment of the launch, growth rate and potential of P2P lending in the UK. It gives a refined understanding of how this once anti-bank offering correlates with banks to put money for, and resell loans.
The research study takes a detailed look at the history, background, growth potential, challenges, and complex regulatory landscape, along with offering profiles of more than 50 P2P lending platforms in the country.
More new cutting-edge research report by our partner can be found at his page.