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Post by gravitykillz on Mar 29, 2020 22:47:16 GMT
Still deciding wether or not to continue with p2p investing or go for that 1 year 1.45% bond with Goldman.
Lots of valuable data here and yes it seems the smaller players seem to be doing alot better than the bigger players.
Assetz,ratesetter,and growth street are all out of action. Not too sure how lending works is doing though.
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number5
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Post by number5 on Mar 29, 2020 22:53:25 GMT
How do people feel ABL are performing under the circumstances?
I ask this because I am an investor and just curious of what peoples thoughts are..
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IFISAcava
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Post by IFISAcava on Mar 29, 2020 22:55:33 GMT
How do people feel ABL are performing under the circumstances? I ask this because I am an investor and just curious of what peoples thoughts are.. Too soon to tell.
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Post by mrclondon on Mar 30, 2020 0:36:20 GMT
Proplend is looking unaffected thus far, with a recent email suggesting some of the pipeline entries will be opening for funding in the near future ... though the last 2 loans (to same borrower) haven't drawn down 2.5 weeks after funding. On the positive side they have introduced a much needed loan updates + notification system as historically they have (to my mind deliberately) kept lenders in the dark as to 'happenings' on loans, whilst on the negative side over recent months the number of overdue loans has been steadily creeping up.
PL's SM has been the recipient of some of my FS withdrawals which are running at a few thousand a week since they restarted withdrawals earlier this month. There is availability in most loans, but not huge amounts, and zero in some.
It is though critically important lenders do their own DD on all PL loans, the lack of discussion of their loans on this forum does not imply anything about the underlying risk of their loans which varies just as much as any other platform's self select loans. Most loans do though have a 3 or 6 month interest reserve.
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Post by kazamx on Mar 30, 2020 12:50:28 GMT
I would second others who have posted about WiseAlpha.
Why lend to small companies and individuals when you can get similar returns lending to Barclays, Ocado and Virgin Media
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greatmarko
Member of DD Central
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Post by greatmarko on Mar 30, 2020 16:07:38 GMT
How do people feel ABL are performing under the circumstances? I ask this because I am an investor and just curious of what peoples thoughts are.. At least 6 previously amortising ABL loans have today been temporarily switched to "interest only" for at least the next 3 months. Good for borrowers... less so for investor returns
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number5
Member of DD Central
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Post by number5 on Mar 30, 2020 16:17:32 GMT
How do people feel ABL are performing under the circumstances? I ask this because I am an investor and just curious of what peoples thoughts are.. At least 6 previously amortising ABL loans have today been temporarily switched to "interest only" for at least the next 3 months. Good for borrowers... less so for investor returns I have also just had 2 of my loans frozen for 3 month's....even worse for investors!
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p2pfan
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Post by p2pfan on Mar 30, 2020 16:41:03 GMT
Yes, looks like AblRate is immediately going into full lockdown mode in terms of many loan repayments. Borrowers will be thrilled at not having to make any payments at all, or substantially reduced payments, for many months. Lenders less so.
It proves just how weak and flimsy companies are that borrow via P2P platforms. I've noted the points made above about lending to (or investing in, via the stockmarket) blue chips, which will increasingly be my direction of travel.
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Post by df on Mar 30, 2020 23:00:31 GMT
Rebs don't seem to be affected. I've looked at SM - didn't see any discounts, everything is at premium. One filled loan has been cancelled today - borrower has withdrawn due to uncertainty of current situation. I doubt there will be new loans in near future, but repayments are coming as normal so far. May be because most of their loans are to businesses that are still operating (quite a few food stores in Rebs loan book that used to be seen as struggling businesses)? I'm not sure what the reason is, but there is no feel of mass exodus on Rebs.
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Post by df on Mar 30, 2020 23:09:29 GMT
How do people feel ABL are performing under the circumstances? I ask this because I am an investor and just curious of what peoples thoughts are.. I think ABL is handling this crisis very well.
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number5
Member of DD Central
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Post by number5 on Mar 31, 2020 2:31:42 GMT
How do people feel ABL are performing under the circumstances? I ask this because I am an investor and just curious of what peoples thoughts are.. I think ABL is handling this crisis very well. I think I would be a bit more comfortable with the situation if loans 97/104/105 were to be resolved. The valuation on them is taking quite some time, especially after the initial positive update..
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benaj
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Post by benaj on Apr 1, 2020 15:40:42 GMT
These 2 below have not been affected by the Virus yet.
LendInvest, BlendNetwork.
Normal interest repayment, loan redemption and withdrawal activities in March. No delays in withdrawal time.
A few loans listed on LendInvest in March.
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Post by nooneere on Apr 1, 2020 16:33:51 GMT
Extract from Loanpad investor update sent out today (1 April) -
"We have previously stated that we will seek to hold higher than usual cash reserves during this period. This is to strengthen liquidity at a time when more investors than usual require access to their funds. We are absolutely determined to ensure normal access times for all our investors. Please note that this is still not a guarantee and should not be construed as such.
Notwithstanding the dramatic reduction in the Bank of England base rate from 0.75% to 0.1% and the corresponding fall in both lending and saving rates, we have decided at this stage to keep rates on our Classic and Premium accounts at 4% and 5% respectively."
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Post by nooneere on Apr 1, 2020 18:51:21 GMT
Meanwhile on Unbolted, the auction house loan of £120,000, paying 0.8% p.m., start date 9 Jan 2020, repaid early today, as is their custom.
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Post by nooneere on Apr 2, 2020 18:14:21 GMT
CapitalRise seems to be sailing serenely through the storm in its majestic manner. They filled a new loan in Chelsea very quickly, and another in Oxford is 71% subscribed. Three loans on their Resale Market have also just been snapped up - four remaining expire this June or October, so I will be gobsmacked if they are sold.
I haven't invested in this platform yet but have been monitoring it because it seems to run so smoothly always. Feedback from anyone currently invested would be welcome as events unfold.
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