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Post by fatbritabroad on Jul 2, 2019 6:44:10 GMT
Currently have accounts with assetz capital, ablrate ratesetter lending works and a bit with Kufflink for the bonuses
Thinking of taking some out the various accounts to diversify to another p2p provider. Any recommendations on who I should look at. Was considering growth st and property partner. Would be about 5k and I'm just after slow and stable with a 5% interest rate plus
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pom
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Post by pom on Jul 2, 2019 7:25:49 GMT
Currently have accounts with assetz capital, ablrate ratesetter lending works and a bit with Kufflink for the bonuses Thinking of taking some out the various accounts to diversify to another p2p provider. Any recommendations on who I should look at. Was considering growth st and property partner. Would be about 5k and I'm just after slow and stable with a 5% interest rate plus Of those two (and I'm in both) then if you're wanting p2p you need to go with GS, because PP is predominantly BTL. GS also has the advantage that the loans are very short term, tho any cash drag can then end up significant. If you're going to go with GS, then if there isn't a bonus in place I'd suggest wait until there is, as there's never long between them. However if you're not using your dividend allowance tho PP may well be more worthwhile, they certainly appear to pay out dividends religiously, although some of them have been increased/decreased slightly. Tho of course no way of really knowing what the shares might be worth as and when you want/need to get out...
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Post by fatbritabroad on Jul 2, 2019 7:33:36 GMT
Thanks yes am aware pp isn't strictly p2p
I can't make my mind up on pp. I like the property exposure but worry that if theres a crash you'll end up in a property with less sophisticated investors who will panic and force the sale of a property when best thing could be to hold on
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Post by Deleted on Jul 2, 2019 7:46:56 GMT
You could buy a PIB which should get you about 5% though your capital is at risk or maybe something like SRE or TRIG both with pretty stable dividend income.
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bigfoot12
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Post by bigfoot12 on Jul 2, 2019 7:50:34 GMT
Currently have accounts with assetz capital, ablrate ratesetter lending works and a bit with Kufflink for the bonuses Thinking of taking some out the various accounts to diversify to another p2p provider. Any recommendations on who I should look at. Was considering growth st and property partner. Would be about 5k and I'm just after slow and stable with a 5% interest rate plus As pom says, PP is not P2P. I am in PP and I would warn to be vary careful and research carefully. I would not suggest investing to use dividend allowance - buy a S&S tracker instead. There are many things that are good about PP, but their fees are high, and often slightly obscured. Some of my dividends have fallen and I wouldn't say slightly. This might be one of those things that comes out in the wash in a couple of years. But they have also bought into buildings with flammable cladding, which probably isn't their fault, and there is another which the seller lied to them about fire regulation compliance which does concern me. You also need to consider how the leverage will impact the investment. This has been very noticeable in the downward direction and less so in the upward direction recently (a 15% fall in the valuation on a flat led correctly to a 30% fall in the share price). You might want to look at how tax impacts the investment. I am in PP, I am not rushing for the door, I am in a pause for thought mode.
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mjc
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Post by mjc on Jul 2, 2019 8:08:07 GMT
The one I like most is Loanpad, seems a safer structure than most, very simple interface, and 5% on 60 day notice, or 4% instant (subject etc)
Or for 5k, if in an ISA, then HNW Autoinvest at 7% seems a good option.
I’d welcome views from others on the safety of these, but even in a recession the likely worst case is waiting for a full recovery of invested funds, unlike some platforms that have high defaults even when times are relatively good.
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Post by fatbritabroad on Jul 2, 2019 8:21:50 GMT
You could buy a PIB which should get you about 5% though your capital is at risk or maybe something like SRE or TRIG both with pretty stable dividend income. Forgive my ignorance what's a pib?
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Post by fatbritabroad on Jul 2, 2019 8:24:00 GMT
Ignore me I've twigged permanent interest bearing shares
I thought you had to invest more to get those can you buy them on normal platforms?
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bigfoot12
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Post by bigfoot12 on Jul 2, 2019 8:34:11 GMT
Ignore me I've twigged permanent interest bearing shares I thought you had to invest more to get those can you buy them on normal platforms? You can on HL, but telephone only, so with higher fees you probably shouldn't buy less than £2k in each and ideally more than £5k in each.
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Post by Deleted on Jul 2, 2019 9:02:49 GMT
PIBs; I hold mine in Jarvis because there is no holding charge and Jarvis waste no money on developing fancy BS website, just buy and sell. Dealing on t'internet as normal.
You have to understand what a PIB is. Basically a Bond, so at the moment when income is hard to find pretty expensive but still hitting 5-6 %. If income became easy to find then the value would fall. Some are time limited, some not. I can't offer advice but all mine are not time-limited.
Finding info on them is a bit of a struggle but HL is a bit "focused" on what makes them money, not you, so maybe start reading there but use other sources of info. Don't assume high income rates are a good deal it probably just means they have a major doubt about them (ie time about to run out or the original company in danger).
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Post by fatbritabroad on Jul 3, 2019 7:30:02 GMT
Thanks bobo. I'll consider these as an option I have an isa with hl in partners name so can use this
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