dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Dec 17, 2021 20:56:46 GMT
CP & KL have late/overrunning loans, and is to be expected with property and the covid ect. Virtually all platforms have late loans. It's the nature of the beast. Off the top of my head I can only think of a couple that don't: - OnStep, but they only have 1 loan, so doesn't really count.
- Qardus, they're fairly new too, so not many loans there either.
CR have today had very early repayment. 
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Post by df on Dec 18, 2021 0:51:05 GMT
Looking for a "safe" P2P platform. From what I've read LoanPad seems to be one of the safer platforms. Is everyone on here happy with LoanPad? I am. Very positive experience so far (delivers what was promised and I don't see any major concerns about sustainability). Liquidity is great too.
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Post by Badly Drawn Stickman on Dec 18, 2021 10:44:36 GMT
Simply for context.
I suspect Ablrate would have featured amongst many 'top choice' lists this time last year.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Dec 18, 2021 14:03:21 GMT
Simply for context. I suspect Ablrate would have featured amongst many 'top choice' lists this time last year. And Lendy, Funding Secure and, particularly, Moneything in prior years.
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Post by Ace on Dec 18, 2021 18:02:20 GMT
Simply for context. I suspect Ablrate would have featured amongst many 'top choice' lists this time last year. Yep, ABLrate was in my favourites list a year ago. It probably still is, just, but not in my top 4 anymore. It's over reliance on too few borrowers has come home to roost. They desperately need to get some of the wayward loans back on track. I'm reducing my exposure there a little in case the platform becomes insolvent, but I'm still reinvesting repayments in my ISA account, so I've not lost all confidence. Their lack of lender engagement compared to previous years is worrying. Then there's the AMSX distraction. What became of those other platforms that were soon to join?
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dh1
Member of DD Central
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Post by dh1 on Dec 21, 2021 15:00:28 GMT
Simply for context. I suspect Ablrate would have featured amongst many 'top choice' lists this time last year. Yep, ABLrate was in my favourites list a year ago. It probably still is, just, but not in my top 4 anymore. It's over reliance on too few borrowers has come home to roost. They desperately need to get some of the wayward loans back on track. I'm reducing my exposure there a little in case the platform becomes insolvent, but I'm still reinvesting repayments in my ISA account, so I've not lost all confidence. Their lack of lender engagement compared to previous years is worrying. Then there's the AMSX distraction. What became of those other platforms that were soon to join? Nicely put Ace. Just out of interest, what are your top 4? I'm struggling to get past 2: Loanpad and Connective!
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Post by Ace on Dec 21, 2021 15:23:06 GMT
Yep, ABLrate was in my favourites list a year ago. It probably still is, just, but not in my top 4 anymore. It's over reliance on too few borrowers has come home to roost. They desperately need to get some of the wayward loans back on track. I'm reducing my exposure there a little in case the platform becomes insolvent, but I'm still reinvesting repayments in my ISA account, so I've not lost all confidence. Their lack of lender engagement compared to previous years is worrying. Then there's the AMSX distraction. What became of those other platforms that were soon to join? Nicely put Ace . Just out of interest, what are your top 4? I'm struggling to get past 2: Loanpad and Connective! a link to my stab at a current top 4 from higher up in this thread. To be honest, I find it very difficult to restrict it to 4. There are many others that might have made it with specific criteria, or just a change in the wind.
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Post by df on Dec 21, 2021 18:15:31 GMT
I seem to recall ACE is invested in a great many platforms. I too would be interested in his top four.
This was his 2020 update, so possibly only two weeks to wait
A top 4 is very difficult to pick. I have different favourites for different purposes, and my favourites change over time. OK, that's a total cop-out, so I'll try a bit harder. In no particular order: - Loanpad as the safest place in P2P to park cash. Most of my cash that used to be in bonds and FSCS protected term accounts are now here. It's also a great place to park cash that's waiting for higher rate opportunities elsewhere. I can't imagine a P2P portfolio without Loanpad.
- CrowdProperty as the most professional lender with good rates and diversification for the risk. Their customer service has taken a nosedive recently, and their platform is well overdue some updates and improvements. I think they are now short staffed, which is a worry, but the loans are holding up. New lenders with substantial funds will find it difficult to get deployed.
- Proplend are also very professional. They're a welcome diversification into commercial property for me. I'm getting very good returns here, and have been for a long time. Again it can be difficult to get funds deployed, and I don't think they've perfected their autolend/self-select thing yet.
- Choosing a 4th platform was really tricky as there were lots of contenders, and I might flip between them from day to day, but I've gone with Qardus. I've only been with them for a little over a year, but they are definitely a standout performer for me this year. I'm currently running an XIRR of 18.69% including bonuses (15.99 excluding bonuses).
There are so many other contenders that nearly made it. Hopefully my new year update will give a more considered view.
Out of the long term, still functioning and I'm actively investing in - UB is my favourite. In terms of the proportion LP is my largest - it's a good alternative to malfunctioning AAs on AC. I'm still active on AC's MLA and happy to keep reinvesting in foreseen future. Out of new ones I've got involved this year, my favourite is CL because of the asset type and the interest rate. I quite like EM, but for some reason I don't feel brave enough to go over my 'dip a toe' limit. Q looks good so far, but it's too early to make any conclusions. KF works well for me, but I don't like the website layout - everything is too large, I'de rather see more loans per page. LP brings the lowest returns, but is very convenient in terms of liquidity, simplicity and stability. Overall I'm happy with all five.
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Post by overthehill on Dec 21, 2021 19:49:33 GMT
A top 4 is very difficult to pick. I have different favourites for different purposes, and my favourites change over time. OK, that's a total cop-out, so I'll try a bit harder. In no particular order: - Loanpad as the safest place in P2P to park cash. Most of my cash that used to be in bonds and FSCS protected term accounts are now here. It's also a great place to park cash that's waiting for higher rate opportunities elsewhere. I can't imagine a P2P portfolio without Loanpad.
- CrowdProperty as the most professional lender with good rates and diversification for the risk. Their customer service has taken a nosedive recently, and their platform is well overdue some updates and improvements. I think they are now short staffed, which is a worry, but the loans are holding up. New lenders with substantial funds will find it difficult to get deployed.
- Proplend are also very professional. They're a welcome diversification into commercial property for me. I'm getting very good returns here, and have been for a long time. Again it can be difficult to get funds deployed, and I don't think they've perfected their autolend/self-select thing yet.
- Choosing a 4th platform was really tricky as there were lots of contenders, and I might flip between them from day to day, but I've gone with Qardus. I've only been with them for a little over a year, but they are definitely a standout performer for me this year. I'm currently running an XIRR of 18.69% including bonuses (15.99 excluding bonuses).
There are so many other contenders that nearly made it. Hopefully my new year update will give a more considered view.
Out of the long term, still functioning and I'm actively investing in - UB is my favourite. In terms of the proportion LP is my largest - it's a good alternative to malfunctioning AAs on AC. I'm still active on AC's MLA and happy to keep reinvesting in foreseen future. Out of new ones I've got involved this year, my favourite is CL because of the asset type and the interest rate. I quite like EM, but for some reason I don't feel brave enough to go over my 'dip a toe' limit. Q looks good so far, but it's too early to make any conclusions. KF works well for me, but I don't like the website layout - everything is too large, I'de rather see more loans per page. LP brings the lowest returns, but is very convenient in terms of liquidity, simplicity and stability. Overall I'm happy with all five. I would like to invest some money in EM , Elfin Market , but they don't allow ISA transfers and after reading that I couldn't be bothered checking to see if it's flexible.
Most of the established P2P companies nailed their ISA offering right from the start but others have incredibly still not grasped its game changing potential for growth because of tax, consumer investment habits, accumulated ISA portfolio size and ISA rules.
Many company's offerings are lame with no IFISA at all or one that is neutered : charging an account premium, disabled features compared to the standard account, charges for transfers out, no transfer in or not flexible.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Dec 21, 2021 20:50:35 GMT
Out of the long term, still functioning and I'm actively investing in - UB is my favourite. In terms of the proportion LP is my largest - it's a good alternative to malfunctioning AAs on AC. I'm still active on AC's MLA and happy to keep reinvesting in foreseen future. Out of new ones I've got involved this year, my favourite is CL because of the asset type and the interest rate. I quite like EM, but for some reason I don't feel brave enough to go over my 'dip a toe' limit. Q looks good so far, but it's too early to make any conclusions. KF works well for me, but I don't like the website layout - everything is too large, I'de rather see more loans per page. LP brings the lowest returns, but is very convenient in terms of liquidity, simplicity and stability. Overall I'm happy with all five. I would like to invest some money in EM , Elfin Market , but they don't allow ISA transfers and after reading that I couldn't be bothered checking to see if it's flexible.
Most of the established P2P companies nailed their ISA offering right from the start but others have incredibly still not grasped its game changing potential for growth because of tax, consumer investment habits, accumulated ISA portfolio size and ISA rules.
Many company's offerings are lame with no IFISA at all or one that is neutered : charging an account premium, disabled features compared to the standard account, charges for transfers out, no transfer in or not flexible.
The Elfin ISA isn't flexible and no transfers in yet, irritating, but no other problems. And the ordinary account seems pretty good so far if you don't like the ISA.
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Post by paul123 on May 6, 2022 13:43:42 GMT
Toying with putting a little in this but I’m looking for a reason why LoanPad couldn’t be forced into administration by a litigious angry borrower as has happened elsewhere I think. I’ve not found any thing about this in their FAQ on risks, which is a bit of a disappointment nor have I managed to find anything hereabouts. Has anyone had occasion to look into this kind of risk and maybe got a satisfactory answer from the platform please?
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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 May 6, 2022 13:57:59 GMT
Toying with putting a little in this but I’m looking for a reason why LoanPad couldn’t be forced into administration by a litigious angry borrower as has happened elsewhere I think. I’ve not found any thing about this in their FAQ on risks, which is a bit of a disappointment nor have I managed to find anything hereabouts. Has anyone had occasion to look into this kind of risk and maybe got a satisfactory answer from the platform please? Not that Im aware of. No platform has been forced into administration due to litigation by a borrower, one has because of legal cockups in relation to pursuing a borrower, another because of adverse FOS rulings. Loanpad has the advantage of the loans being run in conjunction with the junior partner so the loans are likely to continue as normal even if LP got into trouble. This might be of interest - Loanpad CEO www.youtube.com/watch?v=MWspJb66WaA&t=37s
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zuluwarrior
Member of DD Central
chap from Newcastle, dabbling here and there. Long-time lurker of the forums
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Post by zuluwarrior on May 6, 2022 16:44:46 GMT
Toying with putting a little in this but I’m looking for a reason why LoanPad couldn’t be forced into administration by a litigious angry borrower as has happened elsewhere I think. I’ve not found any thing about this in their FAQ on risks, which is a bit of a disappointment nor have I managed to find anything hereabouts. Has anyone had occasion to look into this kind of risk and maybe got a satisfactory answer from the platform please? How could they? Administration occurs when a business is insolvent and therefore needs to be managed to recover debts/the business. If a lender lends money to a borrower, by definition they have assets. There is no way a borrower could say they were insolvent if they owed money to the lender. If a lender lent too much to one borrower and the borrower went under, that could in turn send the lender under but majority of P2p lenders diversify
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on May 6, 2022 16:56:00 GMT
Toying with putting a little in this but I’m looking for a reason why LoanPad couldn’t be forced into administration by a litigious angry borrower as has happened elsewhere I think. I’ve not found any thing about this in their FAQ on risks, which is a bit of a disappointment nor have I managed to find anything hereabouts. Has anyone had occasion to look into this kind of risk and maybe got a satisfactory answer from the platform please? How could they? Administration occurs when a business is insolvent and therefore needs to be managed to recover debts/the business. If a lender lends money to a borrower, by definition they have assets. There is no way a borrower could say they were insolvent if they owed money to the lender. If a lender lent too much to one borrower and the borrower went under, that could in turn send the lender under but majority of P2p lenders diversify Any development where the loan is paid in tranches based on a QS valuation of work done is relying on the lender having the funds available to continue the work. With mainstream lenders this is usually not a problem, but a p2p lender is dependent on investors continuing to want to fund it. Depending on the contractual arrangements it could be possible for a developer to be unable to complete the project and so have a claim against the lender.
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zuluwarrior
Member of DD Central
chap from Newcastle, dabbling here and there. Long-time lurker of the forums
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Post by zuluwarrior on May 6, 2022 17:07:44 GMT
How could they? Administration occurs when a business is insolvent and therefore needs to be managed to recover debts/the business. If a lender lends money to a borrower, by definition they have assets. There is no way a borrower could say they were insolvent if they owed money to the lender. If a lender lent too much to one borrower and the borrower went under, that could in turn send the lender under but majority of P2p lenders diversify Any development where the loan is paid in tranches based on a QS valuation of work done is relying on the lender having the funds available to continue the work. With mainstream lenders this is usually not a problem, but a p2p lender is dependent on investors continuing to want to fund it. Depending on the contractual arrangements it could be possible for a developer to be unable to complete the project and so have a claim against the lender. I'm not wholly convinced, if as a borrower I ask for £1m to develop out and thats all ticked off by valuers, QS etc. If I spend the £1m and we haven't completed, thats my problem. The lender will either have to agree to further funding or look to take control of the asset in order to return their funds. Its not the lenders fault, I've blown the money, I'd struggle to see how I could litigate against them Are you aware of any precedent for that?
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