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Post by loanshark on Aug 26, 2014 13:35:59 GMT
Good day,
Could you tell me if you have any experience with LendInvest?
What is your average yield there?
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shimself
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Post by shimself on Aug 26, 2014 15:21:12 GMT
Once only (because of the £10k per time minimum), a few months ago. No hiccups.
Something like 7.5%, I sort of bought into their we never lose money spiel.
Only a couple of days ago I was told yet again they were thinking of slashing the minimum 10K per way down any day now ....
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smee
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Post by smee on Aug 27, 2014 14:57:43 GMT
I have most of my p2p investments here. The yields were quite high but have now dropped to 7, 7.5, 8%. Even so , this is still my preferred platform because I believe it to be one of the safest, and the loan terms are short. There is no aftermarket although if you look at this forum you will see one is promised. On the down side, their IT is poor and there is no instant deposit for funds. I have recently withdrawn funds from other platforms because of concerns (possibly unfounded) about long term security, but I continue to invest here - hope I haven't got it wrong!
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j
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Penguins are very misunderstood!
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Post by j on Aug 27, 2014 17:09:39 GMT
Get emails from them but never bothered. High entry level per loan, lower rates, no AM & not enough loans to encourage one to dip a toe! Heard decent comments from others about them though but, not from direct personal experience with them myself
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kermie
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Post by kermie on Aug 27, 2014 18:05:23 GMT
I have a small amount here. Rates have dropped a bit recently, but I have stuck with them for platform diversity reasons. I have bought their line so far about their "due diligence", so I am anticipating very low (zero!) levels of losses.
One thing I do appreciate is that the effort required to manage is near zero for me. Monthly interest at the end of the month, and the occasional need to re-invest as and when loans mature. Otherwise I sit back and twiddle my thumbs mostly!
Edit: was getting 9% pa, now getting 8% pa.
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shimself
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Post by shimself on Aug 27, 2014 20:30:05 GMT
....I have a small amount here. ........ need to re-invest as and when loans mature.
.... LoanS (at 10K a time). It takes all sort...
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shimself
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Post by shimself on Sept 1, 2014 21:12:57 GMT
I have been with them for quite a while. Generally speaking they are a professional operation who seem to know the bridge loan market very well. For example, I have more confidence in LI than AC/TC/SS/WC. You get interest from the moment you invest and it all works pretty well. It's a very low maintenance investment. My view is changing though. When they started, yields were 10-12%; I accepted the lower level of diversification (caused by the £10k minimum) and lack of secondary market liquidity in return for the quality of their DD. However, at yields of 7-8%, I find the proposition less attractive. I've always been slightly paranoid that LI gets the loans that Montello doesn't want to back themselves. I also feel LI are taking too large a margin (like my view of Wellesey). For me they now sit between two different camps. On one hand I have the AC/TC type platforms who offer 9%-12% with some form of liquidity and the ability to invest in relatively small clips allowing huge diversification. However, they are in the P2P volume business so loan quality is an issue. On the other side I can do loans via a private bank to a specific company. I get zero liquidity and have to do a minimum of £25k (and often £50k+) so concentration risk is high. However, I get a high rate (15%+) with very good security and DD. Alternatively I can do an asset-backed (secured) private equity deal which again has low liquidity and a minimum of £10-25k size. I only get a fixed dividend of 5-7% but it's EIS eligible for a 30% tax credit. I admit that I'm undecided what to do as my LI loans roll-off. Reinvest at lower rates or go somewhere else. There are still one of my top 3 P2P platforms and it's not clear where I reallocate to. Just curious to know if you have stocks and shares portfolios at all
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bababill
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Post by bababill on Oct 9, 2014 5:06:32 GMT
Rates are now down to 6% and it can be hard to reinvest the monthly interest.
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smee
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Post by smee on Dec 16, 2014 14:21:49 GMT
Although Lendinvest haven't mentioned it on this forum, it seems that they have now dropped their minimum investment amount to £1000.
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Steerpike
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Post by Steerpike on Dec 16, 2014 16:44:01 GMT
The FAQ on their site still says £10,000, however, it appears that the minimum is indeed now £1,000.
From the email sent this morning:
"We hope you're as excited as we are for the release of our new and improved platform. The highly scalable and robust code base now means you can expect to see some exciting new features coming soon. Like the sound of auto-lending, secondary market, API integration and a lower minimum investment? Then stay tuned!"
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Post by wiseclerk on Dec 16, 2014 16:54:35 GMT
Although Lendinvest haven't mentioned it on this forum, it seems that they have now dropped their minimum investment amount to £1000. The CEO told me at Lendit conf. in Nov. that they plan to lower the minimum. Seems like they now have gone ahead with that.
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Post by jumpingjackflash on Dec 17, 2014 21:11:23 GMT
My understanding is that they don't hold interim permission from the FCA and so not technically regulated as a P2P - therefore they can only allow sophisticated investors. That is the reason for the £10k minimuma
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Steerpike
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Post by Steerpike on Dec 17, 2014 21:46:58 GMT
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Post by jumpingjackflash on Dec 17, 2014 22:11:23 GMT
If you search the register they don't have the the Peer to peer lending permission - they are regulated for credit brokerage so what they say is technically correct (ie they are regulated)..... but it seems not for P2P. funny that the P2PFA havent picked this up fca-consumer-credit-interim.force.com/CS_RegisterSearchPageNewSearch Lendinvest and then compare their permissions to other P2P firms. Maybe they can clarify this if they are on this forum? |
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Post by lendinvest on Jan 13, 2015 17:16:41 GMT
Hello All,
In response to a couple of recent comments about our minimum investment and regulatory status.
1. Good news. Our min investment on a per loan basis is now £1,000. Investment is then in increments of a min of £100 over and above £1,000.
2. We do not currently have any investment products which come under the new P2P regulation which was put into effect as of April 2014. That regulation is about investors lending directly to borrowers and that is not how we operate. Our investors are purchasing loan parts from Montello (who has originally funded the loan which was originated by LendInvest). We are fully compliant with the FCA with regards to the activities we operate. The term P2P or Peer to Peer is not a regulated term, so we are legally able to call ourselves a P2P Lender. We have been busily planning and building our P2P regulated product and we're working with the FCA to have this permission granted. Rest assured we'll not be operating in the P2P regulated market until we are regulated to do so.
Thank you for your time and I hope this puts your concerns to rest.
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