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Post by gravitykillz on May 13, 2019 16:00:09 GMT
I agree that's a very valid point, I'd have thought money from existing lenders would be as valued as from new lenders. Unless the sole aim is to increase the lender base! Certainly other platforms (Assetz spring to mind) open their bonus offers to ALL lenders. Ace , and there was me thinking that my 14 platforms was getting a touch out of hand. Then again the disaster stories elsewhere suggest it's the wise option ... diversify, diversify, diversify! Dear Ace, thank you very much for investing with us! As to yours and Jesters point on the bonus not being available to existing customers, we just finished running our Ipad campaign, which was available to them. British Pearl plans to run a number of different campaigns throughout the year so that no one is left out. From the British Pearl team I think I will wait for the 10% bonus. Assetz is running something similar to BP as well.
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Post by britishpearl on May 13, 2019 16:52:23 GMT
Dear Ace, thank you very much for investing with us! As to yours and Jesters point on the bonus not being available to existing customers, we just finished running our Ipad campaign, which was available to them. British Pearl plans to run a number of different campaigns throughout the year so that no one is left out. From the British Pearl team I think I will wait for the 10% bonus. Assetz is running something similar to BP as well. Thanks Gravitykillz, i believe that Assetz is only running 2% cashback at the moment. Though I am happy to be proved wrong.
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Post by gravitykillz on May 13, 2019 17:10:39 GMT
Had a look at the site. It looks interesting I may invest. Offer expires in July.
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Post by gravitykillz on May 16, 2019 20:26:33 GMT
Would be interested to hear feedback on investors on British pearl on use of the platform and how their investments are doing.
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Post by Ace on May 16, 2019 21:19:36 GMT
Would be interested to hear feedback on investors on British pearl on use of the platform and how their investments are doing. I can't comment on the investments as I only joined a couple of days ago. The platform is perfectly functional. It did run very slowly on the first day I tried it, but seems to have been up to reasonable speed ever since. I received a helpful call from them shortly after investing to ask if I had any questions. I pointed out that I had accidentally invested a few pence short of one of their cashback thresholds due to my failure to take the rounding after fees in to account. They helpfully said that they would treat it as having crossed the threshold. I then received a confirmation email stating that I had qualified. I have since invested in a couple more projects to raise my funds to the next cashback threshold. All went smoothly. Debit card payments were virtually instant. I suppose all I can really say at this point is that they were proficient and professional at letting me give them some cash 😆
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puddleduck
Member of DD Central
Posts: 537
Likes: 489
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Post by puddleduck on May 17, 2019 9:47:05 GMT
Interesting - may give it a punt
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Post by britishpearl on May 17, 2019 10:48:44 GMT
Interesting - may give it a punt Dear P2P forum If any members of the forum have any questions or want to speak to anyone here, we are more than happy to help. Our number is 0203 657 7799 or you can email info@britishpearl.com If you want to see some of our customer feedback we are on trustpilot uk.trustpilot.com/review/britishpearl.comThanks and Regards The British Pearl Team
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Post by gravitykillz on May 17, 2019 13:35:09 GMT
Yes I may try it as well. I have not heard anything negative as of yet regarding BP.
Only thing I am concerned about is I already have a lot of property exposure via
1.crowdproperty
2.lendinvest
3.kuflink
4.loanpad
The 5% cashback is the only thing making me want to try it.
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Post by sharca on May 28, 2019 20:52:31 GMT
Interest rate of up to 4.4% (I assume the average return will be lower) and 0.5% SM fees don't sound very attractive. If I had spare cash doing nothing I would spread it across 30Day, GS, LW and may be Rolling (RS rates seem to be on a rise again) and get better return for less risk. "With Loan-To-Value ratios of between 50% and 70%, investors can expect a safe source of income." - well, recent experiences on other platforms suggest that LTV figures are not to be trusted. Pardon my ignorance, but what is 30Day, GS, LW and Rolling? Had some googling but don't think I could find them...
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star dust
Member of DD Central
Posts: 2,998
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Post by star dust on May 28, 2019 20:59:03 GMT
Interest rate of up to 4.4% (I assume the average return will be lower) and 0.5% SM fees don't sound very attractive. If I had spare cash doing nothing I would spread it across 30Day, GS, LW and may be Rolling (RS rates seem to be on a rise again) and get better return for less risk. "With Loan-To-Value ratios of between 50% and 70%, investors can expect a safe source of income." - well, recent experiences on other platforms suggest that LTV figures are not to be trusted. Pardon my ignorance, but what is 30Day, GS, LW and Rolling? Had some googling but don't think I could find them... Hi sharca , welcome to the forum. Assetz Capital 30 Day account; Growth Street; Lending Works; Ratesetter everyday account - Rolling market. 
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Post by britishpearl on Jun 6, 2019 9:39:46 GMT
Pardon my ignorance, but what is 30Day, GS, LW and Rolling? Had some googling but don't think I could find them... Hi sharca , welcome to the forum. Assetz Capital 30 Day account; Growth Street; Lending Works; Ratesetter everyday account - Rolling market. We thought it might be useful to just clarify the statistics relating to our investment offering. By way of background and focusing on our loan investments, while we operate with P2P permissions, our proposition is different to the standard P2P model and does not bring the P2P credit (counterparty) risk. Our Loan Investors provide loans to individual SPVs that hold residential properties which are managed by British Pearl. There is no third party, such as a developer, on the receiving side of the loan and the Loan Investor benefits from a first charge over the property. This means that with LTVs of 50-70% they provide our customers with a very secure source of income that is higher than cash and competitive with current 5 year (non-discounted) mortgage rates. When we launch a new investment, we structure the balance between the shares and the loans to offer a choice of return and risk profiles to our investors. The loan interest rate is calculated and fixed at that point in time to reflect the two key drivers of risk in the loan investments. They are: • Investment term: the longer the initial period of the loan then the higher the interest rate that is offered to the investors since the funds are tied up for longer. • Loan-to-value (‘LTV’): the higher the LTV then the higher the interest rate that is offered to the investors since the equity buffer that is in place is smaller. The (first charge) LTV value that is quoted for each investment can be verified against the actual purchase price that is paid for the property (or properties) which is shown on the Registers of Title that are available on our platform for each investment. It is also worth noting that British Pearl utilises a cash-funded underwriting vehicle that enables all property investments to be pre-purchased before they are listed on the platform for investors. This is extremely valuable to our investors as it allows British Pearl to complete on property purchases very quickly and achieve significant cash buyer discounts that we pass directly on to our customers in terms of an immediate property value uplift. This can be demonstrated by comparing the purchase price with the independent RICS survey that is published on the site for each property. If any members of the forum have any questions or want to speak to anyone here, we are more than happy to help. Again we have our 5% cashback offer running. Please see T&C's www.britishpearl.com/cashback2019 Our number is 0203 657 7799 or you can email info@britishpearl.com If you want to see some of our customer feedback we are on trustpilot uk.trustpilot.com/review/britishpearl.com
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sd2
Member of DD Central
Posts: 621
Likes: 224
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Post by sd2 on Jul 3, 2019 23:18:12 GMT
Is there a sub forum for British Pearl. Wondering what the cash back offer is? Thanks sd2
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Post by britishpearl on Jul 4, 2019 15:23:37 GMT
Is there a sub forum for British Pearl. Wondering what the cash back offer is? Thanks sd2 Hi Sd2, you can find details of our offer here www.britishpearl.com/cashback2019
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Post by fatbritabroad on Jul 6, 2019 5:34:07 GMT
I do find sites like BP and pp interesting as I'd really like exposure to by to let but am nervous about tying up so much capital in a real one.
My concern has always been whether in the event of a downturn you'd be in with a load of unsophisticated investors who panic and force the sale of the property when we all know the best thing to do generally is hold and continue to take yield. I'm assuming BP work in a similar way to pp of reviewing properties for sale every 5 years and putting it to a vote?
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hazellend
Member of DD Central
Posts: 2,363 
Likes: 2,180
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Post by hazellend on Jul 17, 2019 15:51:44 GMT
My main concern is that British pearl will go the same way as property partner and enforce a massive hike in fees retroactively.
I definitely wouldn’t invest unless they guarantee any fee changes would only apply to new investments.
Really annoyed at property partner, avoid
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