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Pent-Up Demand For Peer-to-Peer Lending: Investors Turn Their Backs on Banks

PENT-UP DEMAND FOR P2P LENDING As Investors Turn Their Back on Banks A SURVEY OF OVER 2,000 PEOPLE HAS UNCOVERED TRENDS AND ATTITUDES TOWARDS PEER-TO-PEER LENDING PLATFORMS.. Generally, sovers are looking to peer-to-peer platforms for higher rates thon those offered by banks, but want reassurance over the risks and regulations involved before they invest. knew about the P2P industry £3,432 53% very familiar with it. 9% P2P £1,748 £2,717 Avg. Of those surveyed, 53% knew about the P2P industry with 9% describing themselves as being very familiar with it. The average amount invested is £2,717 with men typically investing more (£3,432) than women (£1,748) Income Range £6484.97 £34,001 £41,000 highest average investment Mostly ordinary savers The highest average investment (£6484.97) was found in households with a total income of between £34,001 and £41,000 – demonstrating the industry's appeal and accessibility to ordinary savers RES PONDENTS MORE LIKELY TO INCREASE THE SIZE OF THEIR CURR ENT P2P INVESTMENT IF.. P2P LAWS ISA BANK RATE P2P RATE 47% 44% 34% They were able to incorporate their investments into If offered better interest rates than those currently offered by traditional banks (44%) There was clearer regulation of the industry (34%) an ISA (47%) Who don't currently use P2P platforms 19% 21% Clearer regulation (19%) and better interest rates (21%) were also key factors in attracting investment from those who don't currently use P2P platforms OF THOSE WHO INVEST.. 34% 31% 31% said they were tired of poor 34% said they did so to support individuals and small businesses (women more likely than men to cite this reason) interest rates from banks (men more likely to cite this reason) Scotland A STRONG REGIONAL VARIATIONS IN AWARENESS OF P2P North East Wales and Scotland most likely to be familiar with the industry. North East, Yorkshire and Humberside, West Midlands most likely to be unfamiliar with the industry. Yorkshire & Humberside Survey run by Populus and commissioned by Wellesley & Co A Wales Wellesley & Co

Pent-Up Demand For Peer-to-Peer Lending: Investors Turn Their Backs on Banks

shared by helenmccarthy on Aug 07
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A national survey of 2000 people, conducted by Populus in May of this year, has uncovered that people are becoming much more open to the UK's peer-to-peer lending and investment sector. The demand ...


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