starfished
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Post by starfished on May 22, 2023 15:28:59 GMT
Has anyone been able to successfully withdraw from LW in the last fortnight or so. I have regularly withdrawn in the past once the account hit £50 with no problem. However, last week the button to withdraw was now disabled. I contacted them via their chat service and still no response. Anyone else had any joy?
Added - To clarify it looks like I can now withdraw but I can't change the AMOUNT to withdraw. It defaults to all the cash in the account.
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Post by woodyalan on May 26, 2023 9:58:06 GMT
Not had any issues. As you can't invest in Lending Works anymore the fact that it defaults to take out the maximum availble should not be a problem.
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trevor
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Post by trevor on Dec 14, 2023 17:17:34 GMT
Logged in this afternoon to find my account had all the remaining investment transferred to cash account ready for withdrawal. Withdrew the lot and it’s all in my bank already.
Thanks LW, it was nice knowing you.
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mickj
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Post by mickj on Dec 15, 2023 16:53:03 GMT
Same today for me trevor but cannot say 'Thanks LW, it was nice knowing you' some bad years and a feeling of being locked in, pleased to be out. |
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mogish
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Post by mogish on Dec 18, 2023 16:28:12 GMT
Same here extracted my last £2.21.
I've said before, next to Wellesley, LW have been a lesson on how things can go wrong in p2p and if you are lucky you may escape lightly.
Even withdrew the 1p in my non isa account.
Good bye and good riddance.
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Post by overthehill on Dec 18, 2023 18:15:37 GMT
In my opinion, Lending Works should not be tarred and feathered with the same brush as these other shitshows where investors' capital was syphoned off or spent at the property casino.
I doubt anyone in LW lost money.
But for a few presumably bad decisions I think they would have turned out at least as good as Ratesetter, Zopa, FC.
And with a little persuasion from the Ombudsman they paid compensation to many investors.
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Post by df on Dec 18, 2023 22:39:53 GMT
In my opinion, Lending Works should not be tarred and feathered with the same brush as these other shitshows where investors' capital was syphoned off or spent at the property casino.
I doubt anyone in LW lost money.
But for a few presumably bad decisions I think they would have turned out at least as good as Ratesetter, Zopa, FC.
And with a little persuasion from the Ombudsman they paid compensation to many investors.
I definitely haven't lost in LW. My XIRR is 5.23% and having only £4.84 left "on loan" I'm confident that my XIRR is not going to change when my profit is crystallised. My Ratesetter was 7.13%, Zopa 5.18% and FC 4.26%. Considering all these investments were made at the time of extremely low interest rate era I can't complain about the outcomes.
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mogish
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Post by mogish on Dec 19, 2023 7:32:29 GMT
In my opinion, Lending Works should not be tarred and feathered with the same brush as these other shitshows where investors' capital was syphoned off or spent at the property casino.
I doubt anyone in LW lost money.
But for a few presumably bad decisions I think they would have turned out at least as good as Ratesetter, Zopa, FC.
And with a little persuasion from the Ombudsman they paid compensation to many investors.
Yes you are correct. I just feel the way we were treated and the attitude if staff when I had dealings with them was frustrating and their attitude to investors was poor. Yea nothing compared to Wellesley.
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