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Borrower guides

Quick guide to loan underwriting

3 Minutes' reading

Loan underwriting is the process that we undertake to analyse all of the information provided by each loan applicant and their credit file to assess whether or not that applicant meets our minimum loan criteria. As part of that process all data is verified, analysed and summarised to paint a picture of each applicant.

By Nicholas Harding
18 April 2014
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Lender guides

Quick guide to paying tax on P2P income

3 Minutes' reading

When you earn interest from a regular bank savings account, for example, the bank automatically deducts basic rate tax (currently 20%) before paying your interest. With interest earned from peer-to-peer lending, tax is not deducted automatically so lenders will need to declare their income to HMRC.

By Nicholas Harding
17 April 2014