But what exactly is P2P lending? And is it something that you should be considering as an investment vehicle?
P2P Lending: The Billion Pound Alternative Investment Market
Although P2P has taken off in the UK in recent times, it’s actually been around for over 10 years. One of the biggest P2P providers in the UK, Zopa, set up shop back in 2005 and has lent more than £2 billion to borrowers so far.
The P2P lending industry in the UK as a whole pushed past the £7 billion mark in 2016 and is expected to grow to £16 billion by 2020.
It is therefore safe to say that this is not just the latest financial fad or hype. In fact, if you do your research, it can be a worthwhile investment option.
