Rob
Posts: 138
Likes: 36
|
Post by Rob on Jan 15, 2016 9:15:02 GMT
I would like to be able to search for a Loan ID in My Investments and Account Statement. The sort for Loan ID in Account Statement is buggy e.g., some loans beginning 04- in the middle of a group beginning 03-. It would also be useful if the page number resets to 1 when you do a sort.
|
|
nick
Member of DD Central
Posts: 1,054
Likes: 823
|
Post by nick on Feb 4, 2016 10:24:27 GMT
Hello, patright ! I am investigating if we can apply for an FCA regulation. As the regulation is quite new, it is not clear if a non-UK company can be regulated by the FCA. We are eager to become regulated by the FCA, and ready to invest our time and money; however, at this point it is just not clear whether this is possible at all. On the account: yes, it's a separate account with Swedbank, one of the largest banks in the Nordics & Baltics. On Mintos and the FCA: you should ask them, I guess Sincerely, Jevgenijs Non-UK entities operating a P2P lending platform can, but are not required to, apply for authorisation by the FCA. isePankur/Bondora is an example of a foreign based platform that has interim permission from the FCA for undertaking p2p based lending amongst other activities.
|
|
jimc99
Member of DD Central
Posts: 284
Likes: 115
|
Post by jimc99 on Apr 26, 2016 10:02:12 GMT
I would like to invest using TransferWise as I currently do on the Mintos platform. Being forced to use my UK bank puts me off. £20 charge and poor £/Euro exchange rate. Asked a couple of times so far but no joy from Twino. Don't see the problem myself, after all TransferWise will only send any withdrawals I make from Twino to my UK bank. No route for money laundering which I assume is Twino's worry!
Guess I will have to stay uninvested with Twino.
|
|
|
Post by Deleted on Apr 26, 2016 14:14:20 GMT
You can make one transfer (first) from your bank, to establish identity.
Following transfers can be made using Transferwise. I do it and works fine.
|
|
nonolet
New Member
Posts: 2
Likes: 2
|
Post by nonolet on Jun 7, 2016 12:59:05 GMT
I would like to have the possibility to opt against early repayments without interests payed for the whole duration initially agreed upon.
As I understand it, borrowers or Twino can prematurely repay loans without prior consent and without any sanctions as the interest rate level decreases to refinance themselves at more favourable conditions, whereas lenders are bound to the rate and duration initially agreed upon even during potential periods of rising interest rates. Sure, they could try to sell their old loans, but since no one would buy loans with a poorer interest rate than the general market is offering, that is not an option.
Please correct me if I am wrong but I find this rather lop-sided and unfair.
|
|
|
Post by reeknralf on Jun 7, 2016 15:44:25 GMT
Lop-sided, definitely. Unfair, less so. You'll find the same problem at RS, for instance.
Headline rates for lending to consumers are mis-leading, in that on average you will not achieve them. Don't try telling this to a RS fans, as they don't want to know. If rates increase you'll only get the rate you lent at, while if rates decrease your return will move towards the new rates.
I accept this as part of the game when it is initiated by the borrower. I do not when the platform cynically ends higher rate loans, as TWINO has done (see other threads on this forum). I had 3 loans at 20%-odd, which had been repaying consistently, and had a year or 2 left to run. A few months back all 3 ended early within a few days of each other. I regard this as symptomatic of a deeper contempt for the lender, and am withdrawing from TWINO.
|
|