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Post by nooneere on Jun 24, 2020 19:45:11 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. Perhaps we should have been mentioning BlendNetwork more on this thread: p2pindependentforum.com/thread/16036/blend-network-update?page=3
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greatmarko
Member of DD Central
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Post by greatmarko on Jul 3, 2020 10:11:13 GMT
From an email update provided to lenders on LoanPad on 2 July: LoanPad also indicate in the update that their loan portfolio has increased over the past two months and that they have a "very healthy pipeline of new loans to be added in the coming weeks"  |
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firedog
Member of DD Central
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Post by firedog on Jul 3, 2020 13:23:00 GMT
Loanpad have attracted a few new investors too (now 1841 total lenders, from 1763 on 15 June). Lenders' average investment is also up from £5,070 to £5,384)
Total Loanpad loans now over £9m (from 8.3m on 15 June). 24 live loans (21 on 15 June).
There is one more ICF serviced loan compared to last month
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Nomad
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Post by Nomad on Jul 13, 2020 10:51:28 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. New £1,000,000 loan (also in Chelsea) launched 9.30 a.m. today (Sunday) has already filled. 8% interest, 66% LTV. Email received today - CapitalRise has received its own direct authorisation from the Financial Conduct Authority (FCA). After two years of intensely scrutinising every single aspect of the CapitalRise business, the FCA have granted us this prestigious and difficult to obtain honour of direct authorisation. This means that the FCA have rigorously assessed our procedures, processes, risk policy, lending, loan management and handling of client money and deemed them all to be of a sufficiently high standard to grant us full authorisation.
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iRobot
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Post by iRobot on Jul 13, 2020 11:14:33 GMT
New £1,000,000 loan (also in Chelsea) launched 9.30 a.m. today (Sunday) has already filled. 8% interest, 66% LTV. Email received today - CapitalRise has received its own direct authorisation from the Financial Conduct Authority (FCA). After two years of intensely scrutinising every single aspect of the CapitalRise business, the FCA have granted us this prestigious and difficult to obtain honour of direct authorisation. This means that the FCA have rigorously assessed our procedures, processes, risk policy, lending, loan management and handling of client money and deemed them all to be of a sufficiently high standard to grant us full authorisation. Don't wish to rain on anyone's parade, but so did SavingStream / Lendy. Ask lenders on that platform what value they put on FCA Authorisation .... 
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Post by nooneere on Jul 14, 2020 16:47:36 GMT
Don't wish to rain on anyone's parade, but so did SavingStream / Lendy. Ask lenders on that platform what value they put on FCA Authorisation .... This reminds me of Terry Smith's comment a fortnight ago, when Hargreaves Lansdown (Woodford's big backers) omitted his Fundsmith Equity from its 'Wealth Shortlist' - "We would worry if we were included". But endorsement from the FCA is even worse, iRobot is right ...
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keystone
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Post by keystone on Jul 14, 2020 17:38:52 GMT
New £1,000,000 loan (also in Chelsea) launched 9.30 a.m. today (Sunday) has already filled. 8% interest, 66% LTV. Email received today - CapitalRise has received its own direct authorisation from the Financial Conduct Authority (FCA). After two years of intensely scrutinising every single aspect of the CapitalRise business, the FCA have granted us this prestigious and difficult to obtain honour of direct authorisation. This means that the FCA have rigorously assessed our procedures, processes, risk policy, lending, loan management and handling of client money and deemed them all to be of a sufficiently high standard to grant us full authorisation. FCA authorisation mean nothing see collateral.
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iRobot
Member of DD Central
Posts: 1,680
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Post by iRobot on Jul 14, 2020 18:42:26 GMT
Email received today - CapitalRise has received its own direct authorisation from the Financial Conduct Authority (FCA). After two years of intensely scrutinising every single aspect of the CapitalRise business, the FCA have granted us this prestigious and difficult to obtain honour of direct authorisation. This means that the FCA have rigorously assessed our procedures, processes, risk policy, lending, loan management and handling of client money and deemed them all to be of a sufficiently high standard to grant us full authorisation. FCA authorisation mean nothing see collateral. Paradoxically, it actually did to the FCA who - on 'realising' COL didn't have the Interim Permission they claimed (as a preliminary to Authorisation) - ordered them (Collateral UK) to cease all activities. Don't mistake me, though; I'm not praising the FCA even thought they did on that occasion pull their regulatory finger out of their collective rectum. They acted far too late and in a way they allowed COL's directors to take a flamethrower to the systems and records which resulted in the complete cluster-f#*k the Administrators walked into. Even when the FCA try to do the right thing, it ends up being the wrong thing. If they were a pet, I'd take them outside and out them out of their misery ....
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Greenwood2
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Post by Greenwood2 on Jul 14, 2020 19:05:11 GMT
Email received today - CapitalRise has received its own direct authorisation from the Financial Conduct Authority (FCA). After two years of intensely scrutinising every single aspect of the CapitalRise business, the FCA have granted us this prestigious and difficult to obtain honour of direct authorisation. This means that the FCA have rigorously assessed our procedures, processes, risk policy, lending, loan management and handling of client money and deemed them all to be of a sufficiently high standard to grant us full authorisation. FCA authorisation mean nothing see collateral. More see Lendy they did at least get authorisation, Col never actually did.
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Post by df on Jul 14, 2020 19:24:35 GMT
FCA authorisation mean nothing see collateral. More see Lendy they did at least get authorisation, Col never actually did. It was a little bit shocking. At the time of Lendy's full authorisation, in my mind Lendy was on it fast way to collapse. FCA authorisation gave me some degree of false comfort, which delayed my attempt to exit the platform (I was still investing in new loans after authorisation).
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