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Post by tne on Jan 24, 2023 11:19:28 GMT
As per Mike's update on Seedrs, they're now 'boosting' the rates to lenders on new raises. Seems tomorrow's project is a healthy 8.3%
I guess there was growing concern about the rates drifting lower and lower. Personally I'm enjoying the extra 2% on almost my entire portfolio (11 projects)
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Post by overthehill on Jan 24, 2023 15:11:29 GMT
As per Mike's update on Seedrs, they're now 'boosting' the rates to lenders on new raises. Seems tomorrow's project is a healthy 8.3% I guess there was growing concern about the rates drifting lower and lower. Personally I'm enjoying the extra 2% on almost my entire portfolio (11 projects)
Current Crowdproperty headline rates already look competitive compared to other P2P development loans such as Kuflink and CapitalRise - if you ignore cash drag.
I believe the rate rise is about the admin, growth and scale of overdue loans. I've got 12 late loans, 8 of which are > 6 months late. Another loan a week late and still no update.
I haven't invested since last June.
I've never used autoinvest so I'd say my situation is probably better than the average autolender who is in every loan - or I'm terrible loan picker!
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Post by lotus_eater on Jan 24, 2023 16:38:38 GMT
As per Mike's update on Seedrs, they're now 'boosting' the rates to lenders on new raises. Seems tomorrow's project is a healthy 8.3% I guess there was growing concern about the rates drifting lower and lower. Personally I'm enjoying the extra 2% on almost my entire portfolio (11 projects)
Current Crowdproperty headline rates already look competitive compared to other P2P development loans such as Kuflink and CapitalRise - if you ignore cash drag.
I believe the rate rise is about the admin, growth and scale of overdue loans. I've got 12 late loans, 8 of which are > 6 months late. Another loan a week late and still no update.
I haven't invested since last June.
I've never used autoinvest so I'd say my situation is probably better than the average autolender who is in every loan - or I'm terrible loan picker!
I'm over 50% of my investments (11k out of 20k) late now. Some of it over a year late and much over 6 months. It's getting to be rather concerning actually, although I'm not panicking (yet), I would like to see this tightened up a bit.
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Ukmikk
Member of DD Central
Posts: 445 
Likes: 298
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Post by Ukmikk on Jan 24, 2023 17:08:22 GMT
Current Crowdproperty headline rates already look competitive compared to other P2P development loans such as Kuflink and CapitalRise - if you ignore cash drag.
I believe the rate rise is about the admin, growth and scale of overdue loans. I've got 12 late loans, 8 of which are > 6 months late. Another loan a week late and still no update.
I haven't invested since last June.
I've never used autoinvest so I'd say my situation is probably better than the average autolender who is in every loan - or I'm terrible loan picker!
I'm over 50% of my investments (11k out of 20k) late now. Some of it over a year late and much over 6 months. It's getting to be rather concerning actually, although I'm not panicking (yet), I would like to see this tightened up a bit. I agree, I'm in the same boat. I appreciate the additional interest and late does not mean lost, but it's not a great sign. I'm no longer investing until I see some of these late loans coming through. The modest uplift on the rates is not tempting me to change my mind.
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
Likes: 61
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Post by mcfc on Jan 24, 2023 17:20:54 GMT
Same here. I have been withdrawing funds for some time now, having grown increasingly concerned by loans falling ever more overdue. Of my remaining 11.5 k portfolio, over 10.5k of it is overdue. A couple of loans by over 12 months. I’m afraid I’ve pretty much lost confidence in CP nowadays and will not be reinvesting any funds, if ever they actually pay back my current investment.
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Post by tne on Jan 25, 2023 13:34:14 GMT
The lack of timely updates on late projects is something I've raised with them before, as it was a tight ship five+ years ago. I've relaxed my attitude now as CP lean more heavily on the 'Risk Warning: This is a high-risk investment.'
I see CP as a more volatile and illiquid investment now. If I was in a position currently to put money into investments, I would still go for it. I had given up on F**mer L**yds B**k but that is coming good, I have faith they will handle all loans diligently. I am waiting patiently for the 85% of due loans in my portfolio to repay in order to buy a house...
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