damar
Member of DD Central
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Post by damar on Oct 29, 2017 8:53:09 GMT
Hi,
I used to invest through Funding Circle, I had some really good returns, and I really liked the principal and interest repayment method. All good things must come to an end, which started I believe, when it become popular and done away with the bidding, the final nail in the coffin, were the property loans and then of course the new platform. So I moved away.
I invested in Saving Stream (Lendy) and Funding secure, I am currently withdrawing investments from FS, as investments like the Whitehaven building false, makes me wonder where the experienced FC property team went.
Lendy is ok, I have some money in the house in Leatherhead, which is over a year late, although they re trying to resolve it and it is up for sale.
My view is I will always have to keep moving as things change, evolve and become more popular, but where else is there. I have looked at AssetzCapital, but not over impressed.
IM not looking for someone to tell me where to invest, just peoples vies on the up and coming platforms.
Enjoy the rest of the weekend.
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gustapher
Member of DD Central
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Post by gustapher on Oct 29, 2017 9:24:28 GMT
Moneything (MT) and Ablrate (ABL) are probably next for you.
MT is similar to Lendy with a few minor differences.
ABL is on first inspection more complicated but it features a secondary market with discounts and premiums and covers different sectors.
Personally I like both.
Lendy are worth sticking with in my view as I think the doom-mongers over-emphasise their problems.
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Post by Deleted on Oct 29, 2017 9:30:10 GMT
Yes, I too see MT and ABL as the next target, however I would offer a few other thoughts
1) I think FS's control of non property is pretty good, yes they default but FS have the things. I'm leaving money focused there for that purpose only
2) I still don't like ABL, I suspect they will become the right route forward but the lack of DD opportunity is hurting. I suggest, log on, monitor until at least 70% gone then invest (if it is selling quickly ie within the hour), then do DD, then sell up. If it is selling slowly ie only 30% in the first hour then do the DD right then and there.
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Post by wiseclerk on Oct 29, 2017 9:43:50 GMT
Have a look at Estateguru too.
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angrysaveruk
Member of DD Central
Say No To T.D.S
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Post by angrysaveruk on Oct 29, 2017 10:12:38 GMT
Dont know why you dont like AC. I have been pretty impressed with them so far.
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Post by albermarle on Oct 29, 2017 10:32:42 GMT
First maybe you should think about what sector of P2P would be better to invest in , considering the economic/political climate going forward. The afterwards look at the merits , or otherwise , of the individual sites.
Not everybody would be comfortable investing in pure property development for example, especially with borrowers with no visibility. Whilst others would find generally unsecured SME lending not an attractive area. Most would be confident in the traditional consumer lending but the rates are not that good. Also lending against residential property for BTL etc is also on the safer side but rates are not that high etc etc
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damar
Member of DD Central
Posts: 110
Likes: 47
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Post by damar on Oct 29, 2017 12:07:52 GMT
Thank you,
Some good points made.
I will investigate some more
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Post by p2plender on Oct 29, 2017 12:08:55 GMT
Moneything (MT) and Ablrate (ABL) are probably next for you. MT is similar to Lendy with a few minor differences. ABL is on first inspection more complicated but it features a secondary market with discounts and premiums and covers different sectors. Personally I like both. Lendy are worth sticking with in my view as I think the doom-mongers over-emphasise their problems. Not sure re Lendy comment. If they can't fund the many huge upcoming DFL tranches then where does that leave the platform??? Trust me, many people have evacuated the building..
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SteveT
Member of DD Central
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Post by SteveT on Oct 29, 2017 12:17:11 GMT
Not sure re Lendy comment. If they can't fund the many huge upcoming DFL tranches then where does that leave the platform??? Trust me, many people have evacuated the building.. Sure, but plenty have stayed too. Lendy (Saving Stream as was) started out using cash-back to fill all their larger loans and, as the recent DFL005 tranches have shown, can easily start doing so again as and when the need arises.
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Post by p2plender on Oct 29, 2017 12:46:42 GMT
I'd be more than happy to get back big into Lendy but only if they can navigate through the 'defaults' and 'suspensions'. Really not quite sure how it will look in say 12 months. Also the sm liquidity was of course the big draw - 12% interest instantly liquidated! It was a good 12-18 months and a lot longer for others. In fact wishful thinking on my behalf, I think my Lendy boat has sailed!
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fasty
Member of DD Central
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Post by fasty on Oct 29, 2017 12:56:06 GMT
I'd also like to use Lendy more, but I'm distinctly uncomfortable with some of their recent practices such as dumping their unsold tranches at the head of the SM queue, and offering bonuses on overdue loans, which it now seems they don't intend to fulfil.
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gustapher
Member of DD Central
Posts: 144
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Post by gustapher on Oct 29, 2017 14:14:18 GMT
I'd also like to use Lendy more, but I'm distinctly uncomfortable with some of their recent practices such as dumping their unsold tranches at the head of the SM queue, and offering bonuses on overdue loans, which it now seems they don't intend to fulfil. I agree with the above negatives but I still think the poor sentiment on both Lendy and MT is massively overdone. It's creating opportunities in my view. Not saying people shouldn't be careful but I got a giant allocation on DFL 030 which is 400 days+ and 12%. Same with the Liverpool loan on MT - 25% on the market at 13% yet there is nothing to say this is a bad loan (and yes I know about the Gazette etc etc) Look at Newcastle. People moaning about being stuck in sales queues as they overbought based on 1% CB. This is their fault. Problems do exist agreed, but the sentiment is so overdone right now that it is presenting opportunities. Caution is required but it always was.
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