ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 11, 2021 13:22:18 GMT
A really pitiful allocation this morning - my cash just keeps increasing. Off to to have a look at alternatives. Chubby I skipped today's loan. What percent of your maximum pledge did you get? Nearest equivalent to CP is probably Kuflink. CapitalRise, SoMo, and HNW Lending are other property secured lending platforms that I'm happy with so far, though haven't been with them long. Blend are another possibility, but I've not tried them yet. SoMo isnt an equivalent as it isnt a P2P platform. Blend has similar issues to CP currently, insufficient origination to allow good deployment of funds, to the extent that to invest via autolend you have to have had it turned on before a specific date to participate in a loan. Possibly include Proplend on the list, though again some issues with deploying funds with autolend, queue system.
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Post by multiaccountmanager on Mar 11, 2021 14:59:24 GMT
I have no trouble getting allocations from Somo. It is a £5000 minimum invest per project and a good deal flow. The secondary market has phases of being pretty empty, but had quite a lot of activity during the worst of the COVID scare. I also have no problem with allocations on Somo six figures so far and 8.9% return. Just a little Scary with so many eggs in a decreasing number of p2p optionsCouldn't agree more.
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Post by multiaccountmanager on Mar 11, 2021 15:02:00 GMT
A really pitiful allocation this morning - my cash just keeps increasing. Off to to have a look at alternatives. Chubby I skipped today's loan. What percent of your maximum pledge did you get?
Nearest equivalent to CP is probably Kuflink. CapitalRise, SoMo, and HNW Lending are other property secured lending platforms that I'm happy with so far, though haven't been with them long. Blend are another possibility, but I've not tried them yet. 5.2% Stafford would be about the same except it is a renewal in that many investors will roll over. Portsmouth about 7.6% on current thinking, but things change quickly.
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Nomad
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Post by Nomad on Mar 11, 2021 15:23:00 GMT
I have no trouble getting allocations from Somo. It is a £5000 minimum invest per project and a good deal flow. The secondary market has phases of being pretty empty, but had quite a lot of activity during the worst of the COVID scare. I also have no problem with allocations on Somo six figures so far and 8.9% return. Just a little Scary with so many eggs in a decreasing number of p2p options That's interesting; I apply several times per week, but very seldom succeed. Do you have the funds already on the platform ready to invest when you apply for an allocation?
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qwakuk
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Post by qwakuk on Mar 11, 2021 15:49:37 GMT
I also have no problem with allocations on Somo six figures so far and 8.9% return. Just a little Scary with so many eggs in a decreasing number of p2p options That's interesting; I apply several times per week, but very seldom succeed. Do you have the funds already on the platform ready to invest when you apply for an allocation? SoMo - only missed out once in the last month or so. Do not leave funds on the platform but make the pledge and then get the cash from Marcus to my current account and then onto SoMo normally within the hour. The delay is from Marcus who sometimes send the funds instantly and at other times can take an hour (seems to be no rhyme or reason even when during business hours). The one I missed out on was with a delay from Marcus and others must have got their cash onto the platform before mine arrived. Bought something from the secondary sales instead !
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alibaba
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Post by alibaba on Mar 11, 2021 21:37:59 GMT
I don't always succeed, if Barclays transfer the funds quickly it usually works but not always, I have had some loans paid back recently I then leave the money on site ready for the next loan, when transferring if I miss out on a loan I leave the funds on site ready for the next one.
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Post by multiaccountmanager on Mar 12, 2021 4:16:27 GMT
I also have no problem with allocations on Somo six figures so far and 8.9% return. Just a little Scary with so many eggs in a decreasing number of p2p options That's interesting; I apply several times per week, but very seldom succeed. Do you have the funds already on the platform ready to invest when you apply for an allocation? It varies. I sometimes keep Somo open when I am looking to invest so I see any new loans before the Somo "New Loans" email goes out. My bank is good at faster payments so the money arrives pretty soon after pledging. If I get a Somo repayment I don't take the money off the platform and usually find a suitable investment straight away or within a few days. The secondary market has been very useful at times.
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ton27
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Post by ton27 on Mar 12, 2021 10:06:22 GMT
I skipped today's loan. What percent of your maximum pledge did you get?
Nearest equivalent to CP is probably Kuflink. CapitalRise, SoMo, and HNW Lending are other property secured lending platforms that I'm happy with so far, though haven't been with them long. Blend are another possibility, but I've not tried them yet. 5.2% Stafford would be about the same except it is a renewal in that many investors will roll over. Portsmouth about 7.6% on current thinking, but things change quickly. I got just 4.8% of todays project (Water Tower) and manual was filled before I could bid.
Moving funds away to invest elsewhere (mix of Proplend, Blend, Loanpad) but all have difficulties in supplying sufficient supply to meet demand.
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Post by Ace on Mar 12, 2021 10:29:58 GMT
I skipped today's loan. What percent of your maximum pledge did you get? Nearest equivalent to CP is probably Kuflink. CapitalRise, SoMo, and HNW Lending are other property secured lending platforms that I'm happy with so far, though haven't been with them long. Blend are another possibility, but I've not tried them yet. SoMo isnt an equivalent as it isnt a P2P platform. Blend has similar issues to CP currently, insufficient origination to allow good deployment of funds, to the extent that to invest via autolend you have to have had it turned on before a specific date to participate in a loan. Possibly include Proplend on the list, though again some issues with deploying funds with autolend, queue system. I wasn't implying that SoMo were equivalent. Perhaps you missed the full stop after Kuflink. Yes, I should have included Proplend.
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Post by multiaccountmanager on Mar 12, 2021 10:31:00 GMT
5.2% Stafford would be about the same except it is a renewal in that many investors will roll over. Portsmouth about 7.6% on current thinking, but things change quickly. I got just 4.8% of todays project (Water Tower) and manual was filled before I could bid.
Moving funds away to invest elsewhere (mix of Proplend, Blend, Loanpad) but all have difficulties in supplying sufficient supply to meet demand.
Yes, 4.75%. Portsmouth is no longer on the forthcoming loan list. I see that the week of 23 March has scheduled 2 sizeable loans totalling £2.5m
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Post by Ace on Mar 12, 2021 10:41:00 GMT
Strangely, I got exactly 4.75% in my standard account, but 4.9% in my IFISA account (which used up all available funds).
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Post by multiaccountmanager on Mar 12, 2021 10:58:54 GMT
Strangely, I got exactly 4.75% in my standard account, but 4.9% in my IFISA account (which used up all available funds). Could be the case if the 4.9% equalled £50, otherwise a mystery unless there is some kind of sweep up when investing and leaving tiny amounts in an account.
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Post by Ace on Mar 12, 2021 11:14:16 GMT
Strangely, I got exactly 4.75% in my standard account, but 4.9% in my IFISA account (which used up all available funds). Could be the case if the 4.9% equalled £50, otherwise a mystery unless there is some kind of sweep up when investing and leaving tiny amounts in an account. The 4.9% was a 3 figure sum. Yes, I wondered whether they had implemented a new feature to mop up any odd amounts less than £50. If I'd been allocated 4.75% it would have left ~£10. If so, it must be a new feature as I've had remaining sums less than £50 many times recently. And it doesn't make much sense to do this as I get a few £ in interest most days, so will soon be back to an uninvestable amount under £50. As you say, a bit of a mystery.
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morris
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Post by morris on Mar 16, 2021 6:51:39 GMT
CP have answered the requests for more loans. Yes, but it comes at a price. Of 11 future loans listed this morning only one is at 8%. Most are at the 7.4/7.5 mark. Demand and supply I suppose.
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ton27
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Post by ton27 on Mar 18, 2021 10:04:57 GMT
4.8% this morning - great for diversification but trivial amounts so continue to invest funds elsewhere.
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