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Post by Ace on Jul 25, 2023 18:24:34 GMT
Congratulations to Loanpad on reaching a new milestone of 300 loans successfully repaid with no loss of capital or interest.
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Post by Ace on Jul 31, 2023 7:10:11 GMT
Another milestone reached today: 5,000 lenders.
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firedog
Member of DD Central
Posts: 367
Likes: 461
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Post by firedog on Aug 3, 2023 13:56:40 GMT
I thought there would be surplus investor funds after the 1 August interest rate rise, but it seems not. Investor balances have certainly jumped (an average of £250 (or £1.25m in total)), but it seems it's almost all being deployed as I noticed today that my 'cash awaiting investment' was nil. Can't recall that before.
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Post by Ace on Aug 3, 2023 14:08:14 GMT
I thought there would be surplus investor funds after the 1 August interest rate rise, but it seems not. Investor balances have certainly jumped (an average of £250 (or £1.25m in total)), but it seems it's almost all being deployed as I noticed today that my 'cash awaiting investment' was nil. Can't recall that before. That's odd. My cash awaiting investment is currently 1.1% of my account total in each of my 2 accounts.
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firedog
Member of DD Central
Posts: 367
Likes: 461
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Post by firedog on Aug 11, 2023 7:29:32 GMT
I thought there would be surplus investor funds after the 1 August interest rate rise, but it seems not. Investor balances have certainly jumped (an average of £250 (or £1.25m in total)), but it seems it's almost all being deployed as I noticed today that my 'cash awaiting investment' was nil. Can't recall that before. That's odd. My cash awaiting investment is currently 1.1% of my account total in each of my 2 accounts. D'oh - I was looking at the Standard account (nil balance now), rather than my ISA! Really should cut out the post-lunch martini. On another note, interesting that average investor balances are now at their highest since early March.
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Post by captainconfident on Aug 11, 2023 12:10:53 GMT
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Post by Ace on Sept 7, 2023 16:59:40 GMT
Congratulations to Loanpad on reaching a new milestone. The creation of their 500th loan (318 have already repaid).
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Post by Ace on Oct 6, 2023 20:26:30 GMT
Another milestone reached today: £200m of loans since inception.
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billt
Posts: 105 
Likes: 79
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Post by billt on Oct 10, 2023 16:10:29 GMT
Hi Ace, bit of a cheek but could you give one of your updates on Loanpad, I find the information that you post most helpful.
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Post by Ace on Oct 10, 2023 16:51:15 GMT
Hi Ace, bit of a cheek but could you give one of your updates on Loanpad, I find the information that you post most helpful. No problem. Here's a summary of their stats (with the values that I reported on 15/10/22 in brackets from here): £83,095,866 (£75,314,308) funds on platform. Average amount invested per lender = £16,255.06 (£17,490.55). Total number of live loans 174 (168). Total number of lenders = 5112 (4306). Early access to Premium account not currently available (I expect it would be allowed if asked since there is currently over £3.3m (£4.6m) of unallocated cash). 0 (0) loans are being serviced by the ICF.
Some extra stats that weren't reported in the linked post, so no comparisons:
There are now 14 lending partners.
Over £200m of funds have been lent through 515 loans, of which £120m have been repaid by 341 loans with no loss of capital or interest.
The average loan represents 0.55% of each lenders portfolio.
Over the past year total funds on the platform have increased by an average of about £650k per month.
All of the above is either directly stated, or easily calculated from, the Live Data Feed page.
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billt
Posts: 105
Likes: 79
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Post by billt on Oct 10, 2023 17:05:21 GMT
Thanks Ace, really appreciated.
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Post by Ace on Feb 22, 2024 15:56:57 GMT
Another milestone reached today: 400 loans have repaid. No losses.
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Post by willsmithgrrrr on Feb 23, 2024 15:06:41 GMT
Another milestone reached today: 400 loans have repaid. No losses. This is great, l have Loanpad as my core holding in P2P always performed well and l do love the P2P ethos. l do wonder nowadays with all uncertainty if its worth winding down towards bank accounts Loanpad 6.5 % 60 day to 4.5% FCFS protection with no risk to capital. Every £1k invested Loanpad is an extra £20 a year before tax . The risk premium is debatable. Interesting what IFAs would make of the risk premium it was totally fine 3 years ago The problem is us P2P investors ideally look for 10% and expect low risk. Decisions Decisions
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Post by df on Feb 23, 2024 17:23:42 GMT
Another milestone reached today: 400 loans have repaid. No losses. This is great, l have Loanpad as my core holding in P2P always performed well and l do love the P2P ethos. l do wonder nowadays with all uncertainty if its worth winding down towards bank accounts Loanpad 6.5 % 60 day to 4.5% FCFS protection with no risk to capital. Every £1k invested Loanpad is an extra £20 a year before tax . The risk premium is debatable. Interesting what IFAs would make of the risk premium it was totally fine 3 years ago The problem is us P2P investors ideally look for 10% and expect low risk. Decisions Decisions I have RCI 95d still paying 5.6% until 29th April. My scheduled withdrawals are now going to Oxbury 90d which is paying 5.51%. 1% difference doesn't encourage me to put this money into unprotected account, no matter how low the risk is. However, in general FSCS protected accounts are now dropping their rates and if the gap will become more significant I will start using LP again. In my observation LP is the safest p2p platform on the market atm.
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rocky1
Member of DD Central
Posts: 1,138
Likes: 1,962
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Post by rocky1 on Feb 29, 2024 9:20:15 GMT
did like LPs latest email.clicked on how does LP earn its money. no marketing spiel just a straight forward we take a cut of the interest. none of this fee that fee and any other fees most platforms seem to thrive on to extend and continue late loans to maximise their own cut from loans.after all P2P need to make money using other peoples money with little to no risk to themselves at the moment.
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