Nomad
Member of DD Central
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Likes: 494
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Post by Nomad on Feb 18, 2020 0:44:57 GMT
I'm surprised anyone can list 5 they like ..... and who gave LW a vote!!! I could list 6 platforms that I have no plans to wind down or withdraw at this moment, so had to leave one out  I have 10 at present but will move quickly if I start getting bad vibes, e.g. now out of GS & LW.
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Post by gravitykillz on Feb 18, 2020 6:18:42 GMT
With fscs backed organisations cutting interest rates further and isa season fast approaching. P2p is going to boosted even further with a flood of money.
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Post by gravitykillz on Feb 18, 2020 6:22:33 GMT
I think kuflinks is underrated.
They deserve more than 2 votes.
I had a £500 default recently. Got all my money back with interest in 4 months.
They have a good recovery team.
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benaj
Member of DD Central
Posts: 4,848
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Post by benaj on Feb 18, 2020 14:25:55 GMT
I think kuflinks is underrated. They deserve more than 2 votes. I had a £500 default recently. Got all my money back with interest in 4 months. They have a good recovery team. Good for Kulink on the recovery track record. Do they deserve to be the top 5 platform? Let's see p2pmarketdata.com/p2p-lending-funding-volume-uk/If we take out Funding Circle and Thincats, and ignore LendInvest, then possibly a Yes according to lending volume.
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rogedavi
Member of DD Central
Posts: 100
Likes: 129
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Post by rogedavi on Feb 18, 2020 19:56:17 GMT
Thank you to everyone who participated in the poll.
Some clear winners here, namely AC, RS, ABL & UB that remain popular.
I suspect if we asked this question in 2019 then GS/LW (previous favourites of mine) would both feature more prominently so that just goes to show how quickly perceptions can change.
On the whole the results were in line with my expectations - the major surprise for me is the popularity of Ratesetter. Rates @ 3-4% just dont seem that attractive to me given the risks and although the rate spikes can offer some uplift it seems to me like a tedious and unreliable game to play (not to mention cash drag as we approach the ISA season).
For the record I ticked Assetz, Crowd Property, Loanpad, Unbolted & Wisealpha.
Thanks again.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
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Post by littleoldlady on Feb 18, 2020 21:23:16 GMT
I think kuflinks is underrated. They deserve more than 2 votes. I had a £500 default recently. Got all my money back with interest in 4 months. They have a good recovery team. I am out of kufflink because of their appalling admin, rather than any particular concern over their loans. If they can fix this I might go back in.
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Post by WestonKevTMP on Feb 19, 2020 7:13:41 GMT
Mod Hat On/
Not that it seems to have happened yet, but can I just ask Platform Reps not to vote in this poll. They can have an undue impact on the results and cause us unnecessary time and effort trying to get their votes unwound. We can see who has voted, but not how people have voted, so let me say now, rather than waste our time trying to get you to un-vote, if any Platform Reps do vote I'll simply name them when the poll closes. Thanks for your collaboration.
Apologies, I just voted and didn't know I wasn't allowed until I read this. There's no note or comment in the actual poll, so I think it's a but unfair to have a moan. For the record I voted TMP (employee), RateSetter (ex-employee), Assets, LendingWorks and Abundance Kevin.
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aju
Member of DD Central
Posts: 3,484
Likes: 917
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Post by aju on Feb 19, 2020 11:04:43 GMT
I notice assetz capital is highest on the list, whilst knowing this is not necessarily saying it is the best p2p product/s I was wondering what if anything leads people to this decision. I am not thinking of punting on them but I have been having a look at them as a result not because of this poll but the way a number of forumites seem to be using them. I am wading through ilmoro 's pinned thread bearing in mind its quite old but if anyone has some quick insights etc I'd appreciate it. |
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ashtondav
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Posts: 1,805
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Post by ashtondav on Feb 19, 2020 12:09:56 GMT
Assetz is by far my biggest P2P, followed by RS, FC (relying on improvement this year!), ZOPA and a smidgen in LW (dumped after latest fiasco) and a puddle of lost money in FS.
Quite simply nothing comes close AC's access accounts - but that in itself gives me cause to ponder sometimes. How can AC offer 4.1% on its "instant" account when RS only offers 3% on its access offering (occasionally spiking up)? Even more surprising it offers 5.7% on its 90 day account, meeting or beating expected returns on 5 year money at ZOPA, RS, FC and LW. Either AC has exceptionally brilliant management (hope, hope, hope so!) or someting will have to give. In other words that "90 day account" may become a locked "5 year account" - as it is financing 5 year loans.
Just saying...
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aju
Member of DD Central
Posts: 3,484
Likes: 917
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Post by aju on Feb 19, 2020 12:38:21 GMT
Assetz is by far my biggest P2P, followed by RS, FC (relying on improvement this year!), ZOPA and a smidgen in LW (dumped after latest fiasco) and a puddle of lost money in FS.
Quite simply nothing comes close AC's access accounts - but that in itself gives me cause to ponder sometimes. How can AC offer 4.1% on its "instant" account when RS only offers 3% on its access offering (occasionally spiking up)? Even more surprising it offers 5.7% on its 90 day account, meeting or beating expected returns on 5 year money at ZOPA, RS, FC and LW. Either AC has exceptionally brilliant management (hope, hope, hope so!) or someting will have to give. In other words that "90 day account" may become a locked "5 year account" - as it is financing 5 year loans.
Just saying...
Yeah I'm not a member so can only see their marketing material but the target rates displayed are all capped top end's. The QAA ranged rate goes down to 3.75%! "...but the target rate will never be less than 3.75%" the 90 day does not categorise the lower end but it just says "At the moment, it’s 5.75% a year (before tax and possible losses)" You are right if I was in RS for the standard rates I would probably not bother especially since the rate changes late last year. I like Rs because I can gauge it quite well. Zopa has been good to us over hte last 10+ years but it is starting to let us down of late. We are still there but its a real dilemma what to do the next couple of months may seal it for us. PS I have quite a few 4/5 and 6's in Access on both our accounts - dead chuffed I spent a bit of time gaming it but it does seem they have the engine adjusted more. We are currently moving all our 5Y into 1Y and Access when right rates - things have reduced with both in the last week or so (since the updates) but the 1Y has come alive again this morning and breached the wall that was there yesterday my fingers are crossed tightly! mind you it's still stuck at the 4.9% rate with 2.5M wall!.
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rogedavi
Member of DD Central
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Post by rogedavi on Feb 19, 2020 17:34:12 GMT
I think AC have better 5yr rates than RS/FC/LW etc because fundamentally the investment is something different, i.e. secured vs unsecured loans.
Previously all of the others were higher than 5.75% but have become lower due to defaults. Assetz also have defaults but at least they have an asset they can recover on.
My only worry with them is whether they can reliably recover money on the loan book as they have a number of times kicked the can (D***** M**** etc) without resolution on a number of loans - the access accounts mask this activity somewhat.
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ashtondav
Member of DD Central
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Post by ashtondav on Feb 19, 2020 19:04:14 GMT
Yes. But secured loans should have a LOWER interest rate - because they are covered by security. Just as a mortgage has a lower interest rate than a car loan.
I can get a 60% house mortgage of £300,000 at 2%. An unsecured loan for a Rolls Royce at £300,000 would be priced substantially higher. Even though FC advertise loans at 1.8% (but then they do have a record about as good as FS.)
And that is why i am sometimes left "pondering". As with most things p2p, an element of smoke and mirrors...
With the notable exception of the diabolical diversification nonsense of the GBBA et al accounts, AC seem too good to be true. Sadly.
BUt sadly, due to the alternatives, it's my largest position.
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rogedavi
Member of DD Central
Posts: 100
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Post by rogedavi on Feb 19, 2020 22:21:33 GMT
Well the secured loans do have a lower rate, but the unsecured loans have ended up with a lower return.
Perhaps they have just found a niche where the banks are not interested but there is enough margin so that everyone can get paid.
As we've seen with the Zopas, FC, LW, RS etc P2P cant beat the banks at their own game.
... or maybe its just too early to tell and AC will go the same way as the others.
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lara
Posts: 345
Likes: 300
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Post by lara on Feb 20, 2020 7:16:06 GMT
Mod Hat On/
Not that it seems to have happened yet, but can I just ask Platform Reps not to vote in this poll. They can have an undue impact on the results and cause us unnecessary time and effort trying to get their votes unwound. We can see who has voted, but not how people have voted, so let me say now, rather than waste our time trying to get you to un-vote, if any Platform Reps do vote I'll simply name them when the poll closes. Thanks for your collaboration.
Apologies, I just voted and didn't know I wasn't allowed until I read this. There's no note or comment in the actual poll, so I think it's a but unfair to have a moan. For the record I voted TMP (employee), RateSetter (ex-employee), Assets, LendingWorks and Abundance Kevin. If you untick the boxes, your votes will be removed.
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Post by Undecided on Feb 20, 2020 21:15:35 GMT
Mod Hat On/
Not that it seems to have happened yet, but can I just ask Platform Reps not to vote in this poll. They can have an undue impact on the results and cause us unnecessary time and effort trying to get their votes unwound. We can see who has voted, but not how people have voted, so let me say now, rather than waste our time trying to get you to un-vote, if any Platform Reps do vote I'll simply name them when the poll closes. Thanks for your collaboration.
Apologies, I just voted and didn't know I wasn't allowed until I read this. There's no note or comment in the actual poll, so I think it's a but unfair to have a moan. For the record I voted TMP (employee), RateSetter (ex-employee), Assets, LendingWorks and Abundance Kevin. Why did you vote for Lending Works?
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