Newbie few questions

tomp , just to add to hants comprehensive answer:

Withdrawals are industry leading slow (contrived to be slower upon automation!) - make a request on a work day before midnight, it will be processed next day at 8am to be paid the day after ie 3 working days, 5 if it includes weekend (don’t even think about Xmas or Easter!).

Deposits are 9-5, haphazard although reliable before loan launch.

Valuation reports are available on PLE, Pending and your Portfolio (ie there is no list of all live loans with docs).

Auto lend is intended for long term, passive investors. Switchers (&/or gamers ) are punished by losing their queue position; it’s then round robin 1k at a time (ie for a smaller loan there is risk for late switchers to miss the first cut and for larger loans not getting your full allocation).

Re offsetting of capital losses against interest income - yes capital losses should be eligible for loss relief.

On a different but related note, the 1% platform fee charged to investors cannot be deducted against interest for tax purposes.  Hopefully in time Proplend will change the way fees charged to avoid this tax leakage as many other platforms have done, so that only the net interest received is taxable.

Good afternoon Sapphire

Apologies for the delay in coming back to you - I wanted to reply back with something more than "we're looking into it"

Well, we have been looking into it for a while now and we're expecting to deliver a solution for this in quarter 3. Can't be any more specific than that at the moment but hopefully this will be a welcomed change.

Thanks.  Richard

proplend - is the current tax inefficiency of how the platform fee is currently structured still on your radar.  As a higher rate tax payer the non-deductible platform fee is reducing my return by about 0.5%pa which is annoying given that it could be easily restructured such that it could be made deductible for the borrower without affecting the underlying net cost to the borrower and net return received by lenders.