firedog
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Post by firedog on Jun 15, 2021 7:52:40 GMT
Fascinating to witness Loanpad's growth over the last year in the midst of a pandemic.
On 15 June 2020, there were 1763 lenders signed up. A year later there are 3125 (up 77%).
The average amount lent has more than doubled, the number of live loans has more than quadrupled, and the total Loanpad loans has quadrupled too.
Average loan size slightly down (from 390k to 370k).
Average LTV is up (from 26% last year to 42% now).
Value of ICF serviced loans and the ICF size are exactly the same.
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p2pfan
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Post by p2pfan on Jun 15, 2021 9:05:45 GMT
Thank you for sharing.
That very significant LTV spike is worrying?
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Post by Ace on May 6, 2022 11:56:38 GMT
On the topic of Loanpad's growth, I noticed today that the total funds deployed in extant loans on Loanpad (£60,367,241.79) has now surpassed that of Kuflink (£58,881,618.59).
I'm not intending to diss Kuflink here, both platforms have made it to my "trusted platforms" list, it's just that it seems remarkable given that Loanpad is only 3 years old compared to Kuflink's 6 years (11 if you count its previous incarnation as alpha bridging).
I would consider both to be gateway platforms into the (insert your own adjective/superlative here) world of P2P.
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agent69
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Post by agent69 on May 6, 2022 12:50:34 GMT
On the topic of Loanpad's growth, I noticed today that the total funds deployed in extant loans on Loanpad (£60,367,241.79) has now surpassed that of Kuflink (£58,881,618.59). I'm not intending to diss Kuflink here, both platforms have made it to my "trusted platforms" list, it's just that it seems remarkable given that Loanpad is only 3 years old compared to Kuflink's 6 years (11 if you count its previous incarnation as alpha bridging). I would consider both to be gateway platforms into the ( insert your own adjective/superlative here) world of P2P. How does LP's business model deal with changing interest rates available for savings account?
At the minute the top instant access accounts with FSCS protection pay around 1.5%. With interest rates heading North what happens when the rate gets to 3% (when I assume everyone in the classic account will be heading for the door). Do LP have a mechanism of adjusting their rates to reflect market conditions?
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Post by Ace on May 6, 2022 12:57:25 GMT
On the topic of Loanpad's growth, I noticed today that the total funds deployed in extant loans on Loanpad (£60,367,241.79) has now surpassed that of Kuflink (£58,881,618.59). I'm not intending to diss Kuflink here, both platforms have made it to my "trusted platforms" list, it's just that it seems remarkable given that Loanpad is only 3 years old compared to Kuflink's 6 years (11 if you count its previous incarnation as alpha bridging). I would consider both to be gateway platforms into the ( insert your own adjective/superlative here) world of P2P. How does LP's business model deal with changing interest rates available for savings account?
At the minute the top instant access accounts with FSCS protection pay around 1.5%. With interest rates heading North what happens when the rate gets to 3% (when I assume everyone in the classic account will be heading for the door). Do LP have a mechanism of adjusting their rates to reflect market conditions?
Like all platforms, they claim to review their rates frequently. There's no built in rachet, but if FSCS protected rates continue to rise I would expect Loanpad would be forced to revise rates.
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Post by barnsleybiker on May 8, 2022 11:19:10 GMT
Fascinating to witness Loanpad's growth over the last year in the midst of a pandemic. On 15 June 2020, there were 1763 lenders signed up. A year later there are 3125 (up 77%). The average amount lent has more than doubled, the number of live loans has more than quadrupled, and the total Loanpad loans has quadrupled too. Average loan size slightly down (from 390k to 370k). Average LTV is up (from 26% last year to 42% now). Value of ICF serviced loans and the ICF size are exactly the same. LTV - ICF  go on then give us un-enlightened ones a clue?
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jonno
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Post by jonno on May 8, 2022 11:50:29 GMT
Fascinating to witness Loanpad's growth over the last year in the midst of a pandemic. On 15 June 2020, there were 1763 lenders signed up. A year later there are 3125 (up 77%). The average amount lent has more than doubled, the number of live loans has more than quadrupled, and the total Loanpad loans has quadrupled too. Average loan size slightly down (from 390k to 370k). Average LTV is up (from 26% last year to 42% now). Value of ICF serviced loans and the ICF size are exactly the same. LTV - ICF go on then give us un-enlightened ones a clue? LTV.............Loan to Value ICF..............Interest Cover Fund
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a0010402
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Post by a0010402 on May 8, 2022 13:44:06 GMT
To be directly comparable LP's 60m vs KUF's 58m ought to be net of lending partners' stakes.
As lending partners' stakes in loans are like a company investment and company property.
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ilmoro
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Post by ilmoro on May 8, 2022 15:50:46 GMT
To be directly comparable LP's 60m vs KUF's 58m ought to be net of lending partners' stakes. As lending partners' stakes in loans are like a company investment and company property. It is, the £60m is just what LP investors have lent. Add in the partners & it's £118m. Do the KUF figures include the KBL part?
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agent69
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Post by agent69 on May 8, 2022 16:21:09 GMT
Fascinating to witness Loanpad's growth over the last year in the midst of a pandemic. On 15 June 2020, there were 1763 lenders signed up. A year later there are 3125 (up 77%). The average amount lent has more than doubled, the number of live loans has more than quadrupled, and the total Loanpad loans has quadrupled too. Average loan size slightly down (from 390k to 370k). Average LTV is up (from 26% last year to 42% now). Value of ICF serviced loans and the ICF size are exactly the same. LTV - ICF go on then give us un-enlightened ones a clue? If you don't know what LTV stands for you'd best keep well away from P2P.
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zuluwarrior
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Post by zuluwarrior on May 8, 2022 22:32:10 GMT
LTV - ICF go on then give us un-enlightened ones a clue? If you don't know what LTV stands for you'd best keep well away from P2P. Wouldn't it be a joy though if P2P platforms were so competent and respectable that you never have to second guess their judgement. Sadly with so many P2P casualities, this just isn't the case. I do like LP though
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agent69
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Post by agent69 on Jun 10, 2022 20:41:07 GMT
I've noticed that my uninvested cash has increased significantly recently, but the upcoming loans tab is looking a bit like old mother Hubbard's cupboard.
Are LP struggling to get new business on board, or is this normal?
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Post by Ace on Jun 10, 2022 21:56:21 GMT
I've noticed that my uninvested cash has increased significantly recently, but the upcoming loans tab is looking a bit like old mother Hubbard's cupboard.
Are LP struggling to get new business on board, or is this normal?
A total of just under £2.5m of unallocated cash is a bit above where it's been recently, but well within the normal fluctuating range. A million pounds between 2 loans was repaid yesterday.
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Post by barnsleybiker on Jun 11, 2022 13:45:31 GMT
LTV - ICF go on then give us un-enlightened ones a clue? If you don't know what LTV stands for you'd best keep well away from P2P. your tone is not welcome! there's never a bad question but there can be plenty of poor answers! I blame it on the D-K Effect, TPT!
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Post by birdie on Mar 24, 2023 9:32:18 GMT
Don't know if anyone has noticed lately but the unallocated cash reserves are as low as I've seen them.
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