garfield
Member of DD Central
Posts: 490 
Likes: 268
|
Post by garfield on Nov 6, 2017 8:02:39 GMT
|
|
|
|
Post by loftankerman on Nov 6, 2017 9:03:44 GMT
I have been following this thread with interest but all the while wondering why I haven't seen this survey myself. Where can I look at it? Thanks in anticipation.
|
|
bloodycat
Member of DD Central
Posts: 184 
Likes: 84
|
Post by bloodycat on Nov 6, 2017 9:13:45 GMT
Check your spam folder for an email from suport@lendy with the subject ' New Product Survey'
|
|
garfield
Member of DD Central
Posts: 490
Likes: 268
|
Post by garfield on Nov 6, 2017 9:14:22 GMT
|
|
|
|
Post by loftankerman on Nov 6, 2017 9:40:14 GMT
Thanks for the replies. I don't have the email, but as I have mentioned in the past, getting Lendy's emails is a bit random in my case. I tried the link but just got a blank page, so maybe it has timed out. It is of no great consequence. I wouldn't be interested in investing but I think it is a brilliant idea on Lendy's part as it answer the undoubtedly worrying question.. "How are we going to finance next year's Cowes Week?"
|
|
|
|
Post by Lendy Support on Nov 6, 2017 11:31:06 GMT
|
|
|
|
Post by portlandbill on Nov 6, 2017 11:46:30 GMT
Am I missing something here? If you get a "fixed" 6% interest, where is the risk? Surely all the risk is with Lendy (and that they might go under). Regardless of the performance of any individual loans, you always get 6%, don't you?
Bondmason's scheme has a "target" percentage but you still take the risk of individual loans going bad and taking the returns down and losing capital. I don't see that with a fixed rate bond with Lendy. 6% is 6% (i.e. better than most other fixed rate bonds on the market at the moment).
|
|
|
|
Post by dualinvestor on Nov 6, 2017 12:18:12 GMT
Am I missing something here? If you get a "fixed" 6% interest, where is the risk? Surely all the risk is with Lendy (and that they might go under). Regardless of the performance of any individual loans, you always get 6%, don't you? Bondmason's scheme has a "target" percentage but you still take the risk of individual loans going bad and taking the returns down and losing capital. I don't see that with a fixed rate bond with Lendy. 6% is 6% (i.e. better than most other fixed rate bonds on the market at the moment). Have they explicily said they will underwrite the return? Also who will the loans be made by? The company paying the return or Lendy itself? Remember yhey have incorporated several companies in the last year or so at least one containng the word "bond" which is probably a psydonym for auto invest.
|
|
|
|
Post by loftankerman on Nov 6, 2017 12:19:23 GMT
Thanks, survey found and completed.  |
|
|
|
Post by supernumerary on Nov 9, 2017 9:27:30 GMT
It is at moments like this, somebody imparts information that is not widely known to all. I didn't know about Dolphin Trust, so thank you for the information. Much appreciated.  It’s not widely known to all probably because it is not suitable for “all” nor should it be marketed or made available to “all”. (Min £10,000 invested in German property market, apparently always bought below value as a block with a first charge, tarted up then sold individually to rich buyers). Actually, doesn’t that sound just like uk p2p? Anyway, it’s a highly unregulated investment with significant barriers to investment that should only be considered by HNW individuals with in excess of £1M already invested in safer or more secure investments. Suitable for some sure but not for the 95%. Thank you for providing further information on this type of investment. Much appreciated.
|
|
|
|
Post by robberbaron on Nov 10, 2017 14:29:01 GMT
How things change! It wasn't so long ago that SS was making loans in a niche market it had some expertise in (i.e. boaty loans), listened to it's lenders, had skin in the game and a great track record. Fast forward a few years and now we have Lendy, a company which operates in a market it clearly doesn't understand, has zero skin in the game, doesn't give a damn about lenders, cherry picks survey responses to fit its predetermined narrative, wastes time and money in irrelevant sporting events rather than due diligence, treats highly risky development loans as passive investments and tries really hard to shove bad news under the rug.
And now the latest innovation! No Lendy, 6% for investing in 30%+ default rate 'fire-and-forget' development loans is not competitive with 6% at ratesetter.
|
|
binkle
Member of DD Central
Posts: 57
Likes: 29
|
Post by binkle on Nov 10, 2017 23:04:14 GMT
So much is about Trust, and 6% nailed on is pushing our trust limits in current climate on Ly... But if they nail recovery, IF, then may be livable with, even if a lot more boring.
|
|
1stwaz
Member of DD Central
Posts: 57
Likes: 29
|
Post by 1stwaz on Nov 11, 2017 20:32:52 GMT
I understand the concept of spreading risk but, the idea of P2P for me is being able to select what you invest in. My only problem that I have is IF the platform goes down, the bond idea does not protect you from this any more than any Junk bond!
|
|
|
|
Post by dualinvestor on Nov 12, 2017 9:43:33 GMT
I understand the concept of spreading risk but, the idea of P2P for me is being able to select what you invest in. My only problem that I have is IF the platform goes down, the bond idea does not protect you from this any more than any Junk bond! Depending on how it is structured it may give direct underlying security (i.e. it may be directly tied to underlying loans) whereas a junk bond is a loan directly to the borrower. But given about 30% of current Lendy loans are in some form of default it may not give much extra comfort.
|
|
|
|
Post by GSV3MIaC on Nov 12, 2017 10:42:33 GMT
One would hope (and, from reading the survey, guess) that it is like the AC offerings and basically gets you an automatic (and invisible, although AC fixed that) share in some underlying loans. The question really revolves around the 'guarantee', if there is one .. AC have a (rather ill defined, IMO) PF to prop the underlying yield back up to 6% and guard the capital. FC/ZOPA offer a 'we'll buy you a bunch of parts which ought to yield you x% .. but no guarantee' approach (you can at least, with some effort, see what you've got). If it's a straight 'bond' (junk or otherwise) it's (as you say) a loan to the company, 'secured' (ho hum) on the company assets, whatever those might be. For most Ltd. companies I'd rather buy shares.
|
|
