"Peer-to-peer is fundamentally a great idea, but it would be good for it to evolve a bit more slowly. As we reported earlier this week , Swedish mortgage lender , Capital , has suspended operations due to “ questionable practices ” by its management . Now we know that all remaining capital ( at least £ 21 m ) has been frozen and British investors have no access to the Financial Services Compensation Scheme ( FSCS ) if they can not regain access to the frozen funds .
As we reported earlier this week , Swedish mortgage lender , Capital , has suspended operations due to “ questionable practices ” by its management . Now we know that all remaining capital ( at least £ 21 m ) has been frozen and British investors have no access to the Financial Services Compensation Scheme ( FSCS ) if they can not regain access to the frozen funds .