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Post by red_panda on Feb 19, 2018 14:25:34 GMT
I'm just a lurker here on these boards, but an investor through Lendy for over a year and a half. I'm disappointed like all of you, but I can't but think there is something institutionally wrong with the UK property market. Being an EU investor, I'm invested in property loans in different EU countries as well, and none are performing as awfully as these on Lendy. In fact, late loans in other countries for me amount to about 5% with 0 defaults in 2 years, while late loans on Lendy amount for me to over 50% (expecting worse), with several suspended and potentially default. I'm pulling out of the UK market all together, it's been nothing but disappointment for me and Brexit hasn't helped either.
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Post by red_panda on Jan 26, 2018 22:43:22 GMT
3% of my total wealth, 33.5% of my P2P
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Post by red_panda on Nov 29, 2017 20:19:08 GMT
I do, you just need to be quick to react to the notifications of a new loan being added. I honestly love Estateguru's loans. No huge crazy overvalued projects that are anything but liquid like on UK's Lendy, so one does not even need a second market. So far one default, all handled well.
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Post by red_panda on Nov 3, 2017 8:34:33 GMT
AFAIK bitcoins are not illegal in EU at all.
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Post by red_panda on Nov 3, 2017 8:33:09 GMT
The 23% WTH is for Latvian loans. I believe WTH is applied on all loans if you have no certificate (5% for polish loans even with cert.). Plus as I understand the WTH does not mean you don't pay taxes in your country. I am no expert on taxation though Well EU countries have double taxation agreements between each other, so as far as I understand, if the WTH tax is higher than what you would pay tax locally, you do not pay additional tax, but if it is lower, you pay locally the difference.
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Post by red_panda on Nov 2, 2017 1:53:20 GMT
One issue I have with Viainvest is that they withhold taxes from interest immediately. The tax rate seems to be ~23%, which is more than taxation in my country. Which country are we talking about? The 23% WTH is for Latvian loans.
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Post by red_panda on Oct 30, 2017 13:50:36 GMT
I just approached Viainvest for some clarifications on this, but I find it odd that other loan originators in Baltics don't withhold tax at all and leave the tax responsibility all to me without the need of providing any tax certificate.
Edit: Got a reply, all is clear to me, and yes, if I provide a tax certificate they will not WHT for all, but Polish loans, where apparently they would WHT 5% for me - I suppose that's a bilateral tax agreement between Poland and my country.
Either way, the fact that Viainvest goes this far in regards to WHT and tax certificates, either hints that other Baltic platforms don't follow up on some of their regulatory requirements, or that Viainvest goes beyond their necessary requirements.
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Post by red_panda on Oct 30, 2017 11:56:28 GMT
One issue I have with Viainvest is that they withhold taxes from interest immediately. The tax rate seems to be ~23%, which is more than taxation in my country.
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Post by red_panda on Oct 10, 2017 0:02:39 GMT
I have dropped Hipocredit from my Autoinvest.
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Post by red_panda on Jun 10, 2017 23:34:45 GMT
Anyone have experience with international withdrawal - Transferwise? I made a withdrawal myself on Tuesday and still didn't get it transferred. Same, seems they hold it for a few weeks before they even look at it, then ask for BS more documents and then wait another few weeks before they even send it to transferwise... That's just awful. I made the withdrawal thinking I'd get it the following day latest anticipating the UK election results, but I'll end up being burned by the GBP rate in the end.
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Post by red_panda on Jun 10, 2017 10:46:45 GMT
Anyone have experience with international withdrawal - Transferwise? I made a withdrawal myself on Tuesday and still didn't get it transferred.
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Post by red_panda on May 17, 2017 16:52:19 GMT
I honestly don't remember the time now, but in my experience manual investments are sometimes the way to go as autoinvest seems to only run at certain preset times, which I wasn't able to figure out.
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Post by red_panda on May 16, 2017 16:29:57 GMT
It seems we're hitting hard times again. No 12% loans for a few daya now, at least none picked up by autoinvest. Makes me think of switching to other platforms (again)... I saw dozens of 12% PG loans with 5+month period yesterday and picked up a few myself, but yeah there are none at the moment.
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General EUR P2x Discussion
Žltý melon
May 11, 2017 22:17:06 GMT
Post by red_panda on May 11, 2017 22:17:06 GMT
buttchopf23Are you a representative or were you just pasting a note you received? Thanks. If you are a representative, what's the expected monthly volume of these new loans?
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Post by red_panda on Apr 4, 2017 20:47:08 GMT
I love Mintos solely for the reason of its maturity and ever growing list of LOs, which in a sense allows me to diversify my risk easily. Yes, the dropping rates are evident, but for now I still manage to be invested in 12% average with no idle money. The only thing that's really a low for me is the quality and periodicity of updates from certain LOs for Defaulted or 60+d loans. There is one loan that I have still flagged as 60+d even though it should have long been defaulted and with the last update from January saying " "Client has cashflow problems. Next payment planned in February." excuse me, but it's April.
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