beechside
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Post by beechside on Aug 7, 2015 19:42:02 GMT
Does anybody have any evidence to suggest that the lower-paying companies such as LendInvest, Zopa, RateSetter have a lower default rate than, for example, SavingStream?
LI were my way into P2P and I don't regret my cautious approach but my preference is to seek the higher paying, asset-secured property loans. Doing so, I can't see much difference between the different platforms so, with all things appearing equal, I plump for the 12% loans.
I've been researching and investing for about three months and still don't see any real losses in property-based loans. Perhaps I've missed some, though I am aware of the risks of the upcoming crash, whenever it hits. . .
I'd appreciate the thoughts of more experienced investors on this.
Thank you!
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Post by rookey on Aug 12, 2015 12:56:38 GMT
As someone who invests in Lend Invest and SS I would argue that the LTV on a lot of the Lend Invest loans is lower and the quality of the assets are higher with less valuations based on 'prospective' values of developmental land. Would be interested in other people's views though.
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Steerpike
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Post by Steerpike on Aug 12, 2015 13:40:18 GMT
Yes, I agree, I have slightly more invested with LI than SS, I feel more comfortable with the LI investments, but SS is attractive because of the liquidity and rate.
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Steerpike
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Post by Steerpike on Oct 16, 2016 10:00:37 GMT
If you can live with the £5k minimum and the basic website, you may wish to consider Bridgecrowd, reasonable LTV resi (although some are second charge), and 1% per month.
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upland
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Post by upland on Oct 16, 2016 16:22:20 GMT
I think that LI deals mainly in residential property which is something we can all roughly value them and imagine that there are many people who may want to buy them. I am not sure that the same applies for a bit of land in the middle of nowhere or some complicated proposal of limited appeal. I am keen to get more into LI although currently I have more in SS.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Oct 16, 2016 19:31:04 GMT
Past performance is no guide to the future. As a lender I have to estimate to the best of my ability future default rates. IMHO I expect the highest to be FS, then SS, then MT and the likes of LI to be well behind. Whether the extra interest on the sites paying c12% will compensate for more defaults is the $75,000 question.
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