Jim’s Story - Lender

Jim"I started my working life as a pilot in the Royal Air Force and after a 10 year commission I went to work in a building society which had a business arrangement with Parnalls solicitors who arranged private mortgages.  If their clients had money to save Parnalls would recommend they save with my building society and in return I would provide their clients with mortgages. This was very standard practice in the 1980s and was the way we all did business in those days.

I then set up my own finance broking company and was already lending a bit of my own money through Parnalls when Mark Parnall set up Folk2Folk.

I have always been delighted with Folk2Folk. Their security and service is top notch. I get a good income and you know exactly what you are getting and when you’re getting it.


The way Folk2Folk works is unique: the lender lends the entire sum for an agreed period, receives monthly interest payments and then receives the capital sum in its entirety at the end of that agreed period. All other peer-to-peer lenders insist on monthly capital payments but I don’t want to have to think about where to reinvest this “dribbled back” capital every month, I want my business to have it’s loaned capital all earning interest all of the time.  This is also much better for the borrowers cashflow.

When I lent through another well-known peer-to-peer lender, although their headline interest rates were slightly higher their losses were significantly higher so it was a total waste of time. Also it was all computer and internet based, there was no personal contact it was just a nightmare. Now I would never lend through any other peer to peer company. On many of those sites you can give the odd £10 or £50 to Mrs Bloggs who wants to buy an oven but I don’t want to be mucking about with £10 here and there, I want large chunks of my money to go to individual borrowers.

Folk2Folk are nice personable people, I can pick up the phone and speak to them, I very simply arrange a bank transfer and the following month the interest is coming through. It couldn’t be easier or any better.”

Latest News

  • Folk2Folk joins industry trade body the P2PFA

    Folk2Folk is pleased to announce it has joined the Peer-to-Peer Finance Association (P2PFA), recognised as a beacon for good standards of business conduct in the alternative finance sector, by...
  • Gastro guesthouse: Coombeshead Farm opens with help from Folk2Folk

    Cornwall is renowned for its culinary talents to turn amazing local produce into exquisite plates of food in fantastic settings. As a result, there is an abundance of award winning restaurants and...
  • Local swimming pool business stays afloat through Folk2Folk

    Business owner Laura of Aqua Stars Academy of Swimming turned to Folk2Folk to help her achieve her business goal of owning her own pool after years of renting a facility, allowing her to set up her...
  • Folk2Folk wins industry award

    We’re very pleased to announce that Folk2Folk has finished off the year with an award win.  This week, we were named by industry leading publication AltFi News as the UK’s “Up...
  • Folk2Folk gains FCA authorisation

    Today we are delighted to share some exciting news and a significant milestone for Folk2Folk as a P2P lending business as we are now fully authorised by the FCA.    Regulation is a huge...

Customer Stories

  • Richard's Story - Borrower

    "Sharp & Tappin is a precision engineering company and has been going for 11 years. The business has two parts: one is onboard cameras for ships and the other is composite blade saws...
  • Jim’s Story - Lender

    "I started my working life as a pilot in the Royal Air Force and after a 10 year commission I went to work in a building society which had a business arrangement with Parnalls solicitors who...
  • Pam's Story - Borrower

    "In 2009, I, together with my husband Robert and daughter Robyn, bought a pub which I had previously owned with my husband and sister in law and brother in law and sold in 2001. Since then it...
  • Nick's Story - Borrower

    Originally I was a farmer, but after Foot and Mouth affected us we had to diversify and Folk2Folk have enabled me to do this.  

    Initially I borrowed money through Parnalls Solicitors in 2011...
SSL Certificates