Peer to Peer Lending: Why it might be time to ditch your bank’s poor returns
Current UK Investing & Lending Market Peer to Peer Lending Illustration: At the time of writing this article, the sun is shining and the Bank of England's base rate is 0.25%. This means that many a mortgage owner is enjoying low interest and the chance to overpay or negate some of the horrid interest usually levied again their debts. However, for the UK saver and investor, the low 0.25% means the opposite. UK High street banks aren't always passing on the interest savings either, with some banks pitching up to 20% when it comes to lending on personal loans or smaller non high-value lending. To get the best rates with a lot of the high street banks at the moment you'll need to be borrowing sums larger than £5000 to access…
