New lending in the uk P2P sector for Q2 2016 reached £ ##500 m ##p to borrow from Peer - to - Peer lending Association ; with total cumulative lending for the sector reportedly just over £ 5.8bn . Peer - to - Peer lending Association Chair , Christine Farnish , suggested that the figures highlight that P2P lending can now be seen as “ a mainstream alternative finance product , engaging an increasing number of participants ” in the UK .
New lending in the UK P2P sector for Q2 2016 reached £658m according to data from Peer-to-Peer Finance Association; with total cumulative lending for the sector reportedly just over £5.8bn. Peer-to-Peer Finance Association Chair, Christine Farnish, suggested that the figures highlight that P2P lending can now be seen as “a mainstream alternative finance product, engaging an increasing number of participants” in the UK.