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Post by Ace on Mar 17, 2024 19:44:04 GMT
Platforms I'm still actively investing with (I.e. platforms I'm happy to add new funds to when funds and loans are available):
AxiaFunder CapitalStackers Crowdproperty CP Capital CapitalRise Crowdstacker ElfinMarket HNW Investor LandlordInvest Loanpad Proplend Qardus Shojin SoMo Unbolted
Grey areas (with why): Assetz Exchange (I keep flipfloping on this one, but currently reinvesting profits). Blend (I'd be happy to invest here if I had non-ISA funds to deploy and there were loans readily available, but I have another thread monitoring a rundown so will see this through first). Kuflink (I might add more here, but holding off for now to see how the many issues mentioned in this forum that have gone unaddressed wash through first). Uown (slow loan generation, lack of an ISA, and 2% fee put me off, but otherwise happy).
I'm currently expecting around 10% XIRR blended return from my current allocations to the above platforms. The expected blended return rises to 11.4% if I can shift to my desired allocations.
In direct answer to the OP's question, I.e. picking one most like Proplend, I'd probably look at SoMo first (but £5k min per loan, and no ISA might be a problem). Not like Proplend, but I'd suggest a look at AxiaFunder's portfolio loans and CapitalStackers as higher risk food for thought.
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Greenwood2
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Post by Greenwood2 on Mar 17, 2024 22:10:30 GMT
Somo Elfin Axia Qardus, probably running down Loanpad A few with very little funds, and one or two I wouldn't admit to and definitely would not recommend! My mad money.
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scooter
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Post by scooter on Mar 17, 2024 22:30:43 GMT
Thanks for all the suggestions. There is more than I thought. I started to look at Landlord invest on Friday, but as with most, i expect, i had to join before i could see anything worthwhile on the website and they haven't approved me yet.
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ilmoro
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Post by ilmoro on Mar 17, 2024 22:46:19 GMT
Other question is do you want genuine P2P like Proplend or altfi ...
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ilmoro
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Post by ilmoro on Mar 17, 2024 22:49:01 GMT
Only AssetzExchange. I know it has the rather toxic Assetz prefix ... not the prefix that puts me off, it's the management team, corporate ethos, terms and conditions built on shifting sands, lack of accountability to FCA ...
None of which apply to AE though ...
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loadsahope
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Post by loadsahope on Mar 18, 2024 8:07:06 GMT
... not the prefix that puts me off, it's the management team, corporate ethos, terms and conditions built on shifting sands, lack of accountability to FCA ...
None of which apply to AE though ... Yes - precisely my point. They do seem to be very different.
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k6
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Post by k6 on Mar 18, 2024 15:06:52 GMT
After the fiasco with some UK P2P Platforms ( Coll, Lendy , Funding S , Money T and recently ABlrate ) I was put off of any P2P but I see from this channel that ppl are still going strong. I might reconsider going back into it with overcautiousness. Quite a few recommendations I can see here. Perhaps not all is gloom and doom . . .
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Post by Chimponaughty on Mar 18, 2024 19:14:23 GMT
21% Kuflink 17% CrowdProperty 16% Invest & Fund 15% Unbolted 12% Loanpad 7% LandlordInvest 7% Lendwise 3% Crowdstacker 2% Elfin Market <1% Uown
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dave4
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Post by dave4 on Mar 18, 2024 20:55:02 GMT
In no order. Unbolted, would invest more but cash drag. Loanpad, incresing with unbolteds outflow. Proplend increasing slowly. Kuff, decreasing platoed 12 months ago, removed interest, now removing all, may sell up. Cp decreasing. Removing interest and contemplating removing capital repayments. Blend increasing. Capital rise increasing . Capical stackers paused. Qardus, running down not the climate for sme lending. Neste incresing. Shojng. Increasing. Assets exchange. Increasing with small change. Axia funder increasing. Landlord invest. Would increase if more loans. Moving funds to fscs protection. AProximatly 70% of repayments from p2p.
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upland
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Post by upland on Mar 19, 2024 7:56:01 GMT
I used 21 platforms all in all since 2010. Some have gone nicely and some demolished themselves in a dreadful mess. I had accounts with most of the usual names. I am going ahead with these , they alone have my confidence :-
Assetz Exchange Lendinvest Loanpad Proplend
I still have one or two others that I am running down and of course some that are being wound down. It is interesting to reflect on the changes even within how individual platforms evolved , RS , FC , Z etc from easy to use to hard to use. Sadly LI is the only one that I have used pretty well since the beginning. Attrition in the market has been high.
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Post by willsmithgrrrr on Mar 19, 2024 13:07:48 GMT
In no order. Unbolted, would invest more but cash drag. Loanpad, incresing with unbolteds outflow. Proplend increasing slowly. Kuff, decreasing platoed 12 months ago, removed interest, now removing all, may sell up. Cp decreasing. Removing interest and contemplating removing capital repayments. Blend increasing. Capital rise increasing . Capical stackers paused. Qardus, running down not the climate for sme lending. Neste incresing. Shojng. Increasing. Assets exchange. Increasing with small change. Axia funder increasing. Landlord invest. Would increase if more loans. Moving funds to fscs protection. AProximatly 70% of repayments from p2p. A well diversified portfolio which is great and what the various experts such at The 4thway seem to suggest. However if 1 P2P goes in to administration and you get back 15p / 20p in the pound then it's safer in the bank for not much less rate of return... If 2 P2P went into administration then more of a headache. I think thats the fact l struggling to get head around. Rates now are just not high enough when well spread multiple P2P to lessen overall risks. Ideally 12 % but it's just not going to happen.
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dave4
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Post by dave4 on Mar 19, 2024 15:31:51 GMT
In no order. Unbolted, would invest more but cash drag. Loanpad, incresing with unbolteds outflow. Proplend increasing slowly. Kuff, decreasing platoed 12 months ago, removed interest, now removing all, may sell up. Cp decreasing. Removing interest and contemplating removing capital repayments. Blend increasing. Capital rise increasing . Capical stackers paused. Qardus, running down not the climate for sme lending. Neste incresing. Shojng. Increasing. Assets exchange. Increasing with small change. Axia funder increasing. Landlord invest. Would increase if more loans. Moving funds to fscs protection. AProximatly 70% of repayments from p2p. A well diversified portfolio which is great and what the various experts such at The 4thway seem to suggest. However if 1 P2P goes in to administration and you get back 15p / 20p in the pound then it's safer in the bank for not much less rate of return... If 2 P2P went into administration then more of a headache. I think thats the fact l struggling to get head around. Rates now are just not high enough when well spread multiple P2P to lessen overall risks. Ideally 12 % but it's just not going to happen. Platform failure, administration or closing there doors to retail a worry, and is the reason for my pull back from 3 platforms, 2 for potential poor lender/ borrower issues and transparency issues and the 3rd for poor returns which I suspect may lead to unforfilled loans.
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Post by scepticalinvestor on Mar 22, 2024 10:30:42 GMT
Loanpad and Wisealpha, but pretty small amounts in both as imho LP isn’t offering a sufficient risk premium over FSCS protected savings accounts and investing in bonds has become increasingly easier & cheaper through mainstream platforms so haven’t had to use WA as much.
I’ve lost a lot of funds invested across multiple seemingly-well-run-until-they-weren’t P2P platforms over the past few years and for the ones I haven’t lost money, the returns haven’t been proportional to the risk, effort and heartache so I don’t see myself going back in, and definitely not for anything that involves RICS valuations and ridiculously optimistic (in hindsight) LTVs!
Gun to my head, I’d perhaps invest through LI as they seem very conservative and well run, but I’ve been fooled before.
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a0010402
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Post by a0010402 on Mar 22, 2024 17:06:15 GMT
Relendex is in my list. And how I wish CrowdProperty was not in my list.
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billt
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Post by billt on Mar 22, 2024 17:57:27 GMT
Active and willing to add funds
Loanpad Proplend Somo Axia Funder Qardus
Running down
Kuflink Crowd Property HNW
Considering investing in
Invest and Fund Folk to folk
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