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Post by paulherring on Feb 18, 2016 8:38:11 GMT
www.p2p-banking.com/countries/uk-zopa-unveils-zopa-classic-zopa-access-and-zopa-plus/Could have fooled me. Their killing the forum was the last straw for me (complete opposite of listening IMHO,) and since I've withdrawn most of my money from them, I notice from other threads on here that they're still having problems with the hamsters/squirrels behind the scenes. I can get to the lower range of that on another platform with safeguards.
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registerme
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Post by registerme on Feb 18, 2016 8:55:50 GMT
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aju
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Post by aju on Feb 18, 2016 9:33:28 GMT
I'm new here having only bothered with zopa for the last 10 years - Whilst I am getting good rates compared to banks - my 1st choice for spare cash - I've exhausted all the good ones and with the new isa's coming up i'm looking for additional coverage. So what platforms can you get safeguarded 6%+ levels for what will be a new lender like me, rather than an early adopter. I have a fair sum to move from a current 2% ISA dropping to 0.5 in april. My wife has similar. (I am aware of the risks in P2P from my early days in zopa - in fact 30% of my book is still in non safeguard there. Having said that I have made a lot of money with zopa so am aware also of the returns. Zopa will be losing a lot of people like me with there decision to drop their forum I feel.
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Post by geoffp on Feb 18, 2016 11:38:15 GMT
aju. I may not be quite as an early adopter to Zopa as you were - I joined in 2008 -, but do you know (or can someone comment) whether Zopa will continue to run with "early adopter" bonuses (1.0% or 0.5%, which used to be subtracted from the lending fee? Thanks
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Post by reeknralf on Feb 18, 2016 11:43:36 GMT
Assetz capital have a couple of accounts paying 7%. The accounts invest in loans backed by assets and also have a provision fund.
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spiral
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Post by spiral on Feb 18, 2016 16:36:39 GMT
aju. I may not be quite as an early adopter to Zopa as you were - I joined in 2008 -, but do you know (or can someone comment) whether Zopa will continue to run with "early adopter" bonuses (1.0% or 0.5%, which used to be subtracted from the lending fee? Thanks When this came up a few years ago on their forum, it was stated that only a small proportion of lenders were on sub 1% fees. Today, that number as a proportion must be extremely small. To that end, the only reason to change it would be to simplify their payment process (by not needing to give rebates). If that was to occur, it would have to apply from this point forward as any old loans will be under your previous Zopa T&C's. This would mean it would take at least 5 years to purge all the old T&C's loans from the loan books. I therefore expect they have bigger fish to fry than altering the T&C's for what is only a small proportion of people to something that would take over 5 years to clean up. But never say never 
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aju
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Post by aju on Feb 18, 2016 19:12:59 GMT
aju. I may not be quite as an early adopter to Zopa as you were - I joined in 2008 -, but do you know (or can someone comment) whether Zopa will continue to run with "early adopter" bonuses (1.0% or 0.5%, which used to be subtracted from the lending fee? Thanks geoffp, I'm a 0.5%er myself - as they say in Tescos every little helps!. At the moment they are still paying them to me as bonuses - you can see them in the new statement screens under "Bonus: Early adopter" section - I get an email to tell me as well. In the stylish stuff I've been playing with recently I have the show/hide options permanently showing so I don't have to click too much. I'm sure others will jump in but i'm not expecting Zopa to stop paying my early adopter bonus (ex fee reduction) without 1st consulting me. I'd expect to be notified better than the way we have recently especially as my re-lending is based on getting the extra .5%. The only reason most of this has changed is for HMRC purposes I think. Sadly that forced Zopa to change the MLB to show the true rates minus 1.0% fees. I reackon that was the real reason we have new MLB but that's another story too.
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aju
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Post by aju on Feb 18, 2016 19:25:54 GMT
aju. I may not be quite as an early adopter to Zopa as you were - I joined in 2008 -, but do you know (or can someone comment) whether Zopa will continue to run with "early adopter" bonuses (1.0% or 0.5%, which used to be subtracted from the lending fee? Thanks When this came up a few years ago on their forum, it was stated that only a small proportion of lenders were on sub 1% fees. Today, that number as a proportion must be extremely small. To that end, the only reason to change it would be to simplify their payment process (by not needing to give rebates). If that was to occur, it would have to apply from this point forward as any old loans will be under your previous Zopa T&C's. This would mean it would take at least 5 years to purge all the old T&C's loans from the loan books. I therefore expect they have bigger fish to fry than altering the T&C's for what is only a small proportion of people to something that would take over 5 years to clean up. But never say never It might be longer than that as I have quite a few of the olduns paying very little and as they are still paying and are not safeguarded they could be many years before they complete. ;-) Just checked New MLB and in fact I have one start dated Oct-2008 still paying - last payment on the 8th Feb and in arrears of .46p so will still take another 6 months at current list - I could only tell from the old MLB. My next one is only paying capital payments and not very often at that.
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Post by paulherring on Feb 19, 2016 10:15:52 GMT
I'm sure others will jump in but i'm not expecting Zopa to stop paying my early adopter bonus (ex fee reduction) without 1st consulting me.
Optimist. With the way things have been lately I'd fully expect it to be withdrawn, then an email sent out a week later, to say it will be withdrawn in the following month.
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Post by geoffp on Feb 19, 2016 23:29:58 GMT
Thanks everyone.
I sent Zopa an email about early adopter bonuses and they assured me that they will continue to pay them for the new products. But unless you are on 1% (me on 0.5% like aju), rates in the latest offering look a bit tight.
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Post by Ton ⓉⓞⓃ on Feb 22, 2016 22:37:33 GMT
I'm new here having only bothered with zopa for the last 10 years - Whilst I am getting good rates compared to banks - my 1st choice for spare cash - I've exhausted all the good ones and with the new isa's coming up i'm looking for additional coverage. So what platforms can you get safeguarded 6%+ levels for what will be a new lender like me, rather than an early adopter. I have a fair sum to move from a current 2% ISA dropping to 0.5 in april. My wife has similar. (I am aware of the risks in P2P from my early days in zopa - in fact 30% of my book is still in non safeguard there. Having said that I have made a lot of money with zopa so am aware also of the returns. Zopa will be losing a lot of people like me with there decision to drop their forum I feel. , and anyone else who's looking to diversify, this question comes up very regularly it's discussed general-p2x-discussionsome good threads are: p2pindependentforum.com/post/89305/threadp2pindependentforum.com/thread/4257/personal-maximum-ratesetter-where-next?page=1&scrollTo=87404p2pindependentforum.com/thread/4077/advice-investment-newbie?page=1&scrollTo=82870One small piece of etiquette is that we try to avoid "selling" a platform on another platforms board/thread, mentioning other platforms & talking about them's perfectly okay but not too much or as I say "selling".
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aju
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Post by aju on Feb 23, 2016 9:00:57 GMT
thanks ton,
not sure I was encouraging selling by asking about other platforms, I was responding to paul's statement 6-7% on other platforms and was curious about the low end. ;-)
I'm off to check them out.
One interesting thing I'm finding though is that the risks and how each platform works is not tht easy to find by going to platforms. I went to another popular platform last week, R***S****R, and like Zopa cannot easily find useful info that helps someone coming in for toe dip to understand their lending parameters.
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