stevio
Member of DD Central
Posts: 2,065 
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Post by stevio on Nov 8, 2018 7:21:59 GMT
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benaj
Member of DD Central
Posts: 4,884
Likes: 1,603
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Post by benaj on Nov 8, 2018 9:20:28 GMT
My experience with these platforms below:
Landbay is not for me. Rates are too low, earning up to 3.54%. Loan pipeline @ landbay is another issue.
Assetz Capital QAA (4.1%), 30DAA ( 5.1%), no losses yet, better than most high street bank accounts. Promotion rates help
Capitalrise, another small platform with pipeline issue. I have never managed to lend any money with them.
Kuflink 3.99% to 7.2%, no losses yet. I like the sign up bonus.
Proplend from 5%, no losses yet, but some risky tranches are too small and filled up in seconds. Autoinvest only fills Tranche A
Ratesetter from 2% to 5.5%+, no losses yet, the tricky bit is having a stabilised rate on ratesetter, without setting your OWN rates, return is driven by the current market. Loans can be repaid early and there are many chances to lose or gain more better rates.
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Post by CrowdProperty Representative on Nov 11, 2018 7:30:51 GMT
Hi Stevio Rates on CrowdProperty are 8%, always backed by first charge security. Every project goes through rigorous, deep expertise-driven due diligence to get listed on the platform in the first place (only c.15% of applications get listed). We have a 100% capital and interest payback track record and place operating best practices at the core of our business. This has been recognised by the Peer-to-Peer Finance Association (P2PFA) members who elected us in as the only property development platform member. There's quite a bit of information on the CrowdProperty page of this forum (including a thread on why we're different): p2pindependentforum.com/board/99/crowdpropertyDo let us know if you have any further questions. Best regards, Lucy
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zlb
Member of DD Central
Posts: 1,413
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Post by zlb on Nov 18, 2018 20:52:44 GMT
you get the interest rate with Landbay regardless of loan queue, or one did. CP I gave up on owing to lack of loans, having to do DD after work, and speed at which they filled.
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rozentas
Suck it and see
Posts: 21
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Post by rozentas on Nov 19, 2018 8:18:56 GMT
Bridgecrowd should be included here, no losses to date
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SteveT
Member of DD Central
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Post by SteveT on Nov 19, 2018 8:37:24 GMT
Bridgecrowd should be included here, no losses to date True on the losses front, but BridgeCrowd is not a P2P platform (ie. no FCA authorisation for "operating an electronic system in relation to lending"). See BridgeCrowd board for wider discussions.
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Post by winger on Nov 20, 2018 21:18:48 GMT
.... BridgeCrowd is not a P2P platform (ie. no FCA authorisation for "operating an electronic system in relation to lending"). Can you clarify, as their website says: "BridgeCrowd is a trading name of Social Money Limited, authorised and regulated by the Financial Conduct Authority (FCA reg no. 675283)....."?
It also says: "peer-to-peer bridging loans secured over UK property"
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SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
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Post by SteveT on Nov 20, 2018 22:31:54 GMT
.... BridgeCrowd is not a P2P platform (ie. no FCA authorisation for "operating an electronic system in relation to lending"). Can you clarify, as their website says: "BridgeCrowd is a trading name of Social Money Limited, authorised and regulated by the Financial Conduct Authority (FCA reg no. 675283)....."?
It also says: "peer-to-peer bridging loans secured over UK property"
Take a look at the BC board, where it’s discussed several times (eg. the “No permission to hold client money?” thread, including Louis’ recent post)
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,879
Likes: 11,103
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Post by ilmoro on Nov 21, 2018 1:34:52 GMT
.... BridgeCrowd is not a P2P platform (ie. no FCA authorisation for "operating an electronic system in relation to lending"). Can you clarify, as their website says: "BridgeCrowd is a trading name of Social Money Limited, authorised and regulated by the Financial Conduct Authority (FCA reg no. 675283)....."?
It also says: "peer-to-peer bridging loans secured over UK property"
They do not hold permission to operate an electronic platform for lending (or equivalent interim) which means they are not offering article 36h compliant loans which are true P2P loans. They are regulated by the FCA as a credit broker but the loans are unregulated bridging loans which is clearly disclosed on the site. So while they may be a form of P2P they are not a 'P2P lender' in the truest sense as defined by the regulations eg those relating to claiming loss relief.
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aju
Member of DD Central
Posts: 3,486
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Post by aju on Nov 24, 2018 18:56:41 GMT
My experience with these platforms below: Landbay is not for me. Rates are too low, earning up to 3.54%. Loan pipeline @ landbay is another issue. Assetz Capital QAA (4.1%), 30DAA ( 5.1%), no losses yet, better than most high street bank accounts. Promotion rates help Capitalrise, another small platform with pipeline issue. I have never managed to lend any money with them. Kuflink 3.99% to 7.2%, no losses yet. I like the sign up bonus. Proplend from 5%, no losses yet, but some risky tranches are too small and filled up in seconds. Autoinvest only fills Tranche A Ratesetter from 2% to 5.5%+, no losses yet, the tricky bit is having a stabilised rate on ratesetter, without setting your OWN rates, return is driven by the current market. Loans can be repaid early and there are many chances to lose or gain more better rates. I would have thought time would also be a useful factor - I have been in Zopa for some years without any losses as such despite shed loads of defaults and its getting tougher out there these days. Just a thought, as benaj knows one has to be in some of these platforms quite a time before losses can start to mount up.
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hantsowl
Member of DD Central
Posts: 672
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Post by hantsowl on Nov 24, 2018 22:20:44 GMT
My experience with these platforms below: Landbay is not for me. Rates are too low, earning up to 3.54%. Loan pipeline @ landbay is another issue. Assetz Capital QAA (4.1%), 30DAA ( 5.1%), no losses yet, better than most high street bank accounts. Promotion rates help Capitalrise, another small platform with pipeline issue. I have never managed to lend any money with them. Kuflink 3.99% to 7.2%, no losses yet. I like the sign up bonus. Proplend from 5%, no losses yet, but some risky tranches are too small and filled up in seconds. Autoinvest only fills Tranche A Ratesetter from 2% to 5.5%+, no losses yet, the tricky bit is having a stabilised rate on ratesetter, without setting your OWN rates, return is driven by the current market. Loans can be repaid early and there are many chances to lose or gain more better rates. Whilst I agree with most of this, the update for Proplend could be a little misleading. The lowest tranche A loan offers 5.5% and some offer over 12%. All these rates would be eligible for auto invest with max LTV 50%. The higher risk tranche B and tranche C loans offer up to 20%+, and sell in a couple of minutes rather than seconds (I have yet to miss out on a B or C so far). My average rate of interest is 10.1% and 9.3% for tranche A only.
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