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Post by df on Jan 29, 2019 19:32:47 GMT
Yes, me too .. impossible to (safely) keep enough invested to justify the time and effort of managing another platform. Platform is, IMO, running well, but oversupplied with lenders (hence the rate drop) vs suitable borrowers. I'm not even thinking of leaving, it's one of the platforms that delivers decent returns without demands for maintenance and constant uncertainty presented by some others. If I decide to leave p2p UB will probably be at the bottom of my priority list. I don't think it is oversupplied. Comparing to prior rate drop time, I get larger allocations with more conservative settings than in the past.
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Ace
Member of DD Central
Posts: 4,696
Likes: 5,239
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Post by Ace on Jan 29, 2019 19:52:19 GMT
I would put a lot more in if they had an ISA, but I guess it would likely lead to too much investment then even lower rates!
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benaj
Member of DD Central
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Post by benaj on Apr 1, 2019 14:30:49 GMT
Interest and Principal Payments from Borrower
For standard loans, the borrowers may pay a lot less interest before due date until the loans repaid in full
For example:
a) Paying interest only
Monthly interest rate: 0.7%
25/09/2018 Loan amount: £18.41
22/03/2019 Interest receive: £0.14
XIRR: 1.57%
b) Repaying capital and interest
Monthly interest rate: 0.7%
27/09/2018 Loan amount: £5
01/04/2019 Repayment amount: £5.22
XIRR: 8.82%
High Effective Loan to Value (including accrued interest*) for some Standard loans
A few of my Standard loans have high LTVs as high as 83%+, not ideal if borrowers default and items sold less for capital recovery only and there is possibility of losing interest. So far, I have received capital and interest payment from all my defaulted loans that Unbolted has recovered.
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upperdeane
Member of DD Central
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Post by upperdeane on Nov 13, 2019 11:15:07 GMT
I would put a lot more in if they had an ISA, but I guess it would likely lead to too much investment then even lower rates! They do have an ISA now. They make you use a different email address for the ISA logon, they cant both be the same. I checked with them if there was a way around this and they told me there wasn't, you must use different email addresses for classic v ISA act. They allow transfers in and dont charge for ISA transfer in or out.
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Ace
Member of DD Central
Posts: 4,696
Likes: 5,239
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Post by Ace on Nov 13, 2019 13:26:04 GMT
I would put a lot more in if they had an ISA, but I guess it would likely lead to too much investment then even lower rates! They do have an ISA now. They make you use a different email address for the ISA logon, they cant both be the same. I checked with them if there was a way around this and they told me there wasn't, you must use different email addresses for classic v ISA act. They allow transfers in and dont charge for ISA transfer in or out. Thanks, yes, I've had an ISA with them for some time now, but forgot to update this post. In case you weren't aware, it's easy to create multiple sibling email addresses for use with these accounts. More details here.
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upperdeane
Member of DD Central
Posts: 492
Likes: 243
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Post by upperdeane on Nov 13, 2019 13:50:20 GMT
They do have an ISA now. They make you use a different email address for the ISA logon, they cant both be the same. I checked with them if there was a way around this and they told me there wasn't, you must use different email addresses for classic v ISA act. They allow transfers in and dont charge for ISA transfer in or out. Thanks, yes, I've had an ISA with them for some time now, but forgot to update this post. In case you weren't aware, it's easy to create multiple sibling email addresses for use with these accounts. More details here. Thanks, i wasn't aware you could do that with gmail.
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