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Post by gusgorilla on Feb 19, 2016 13:22:52 GMT
I hope that I haven't missed this thread already existing. lendinvest could I make a request that would allow me to invest far more, which is that the LVT setting either go up in 5% increments or that the buttons are replaced by an input text box to allow any number between the current limits. In general I love the website but have two niggles: 1. It is illogical for "current loans" to be on the dropdown menu under my name at the top right. The loans list is nothing to do with me. It is not my loans list but all the current loans. To my mind it should be (preferably first) on the main menu, where I would expect the most important things to be. This confuses me every time until I finally remember the quirk. It's usually the first thing I want to look at. Please don't make me think! 2. Some (many?) of us are getting on and the tiny writing in many places is a strain to read. I don't know if it is OK on smartphones or laptops because I don't have these but it is far too small on my PC screen. Putting the font size up by 2 or 3 pixels would fix it. Anything less than 15 is a pain and many usability experts now recommend 16 as a minimum. |
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ben
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Post by ben on Feb 19, 2016 15:48:21 GMT
I just enter the amount I want to invest have no button to increase or decrease the amount
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Post by gusgorilla on Feb 19, 2016 16:43:50 GMT
Hi benIt's the Loan to Value in the auto-bidder that is buttons, but they are crude: up to 50.00%, up to 65.00% and up to 75.00%. I would like 55%, 60% and 70% added too. |
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ben
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Post by ben on Feb 19, 2016 19:29:19 GMT
Hi ben It's the Loan to Value in the auto-bidder that is buttons, but they are crude: up to 50.00%, up to 65.00% and up to 75.00%. I would like 55%, 60% and 70% added too. Ah right I see now
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Post by frontdoor on Mar 12, 2016 17:30:55 GMT
Where is the history of Lendinvest ?, where are the bad debts ? where are the overdue debts ? where are the warts ? why is this 60% of the return of SS ?
OK this MIGHT be useful to balance my portfolio but I can't get any handle on it ?
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Post by gusgorilla on Mar 14, 2016 2:56:32 GMT
You can look on their /statistics/ page but it looks like you have to be logged in. Strangely the only way to get to it is by crawling through the FAQ questions. There is one that's something "what are your default rates?" whose answer contains the link. Amazing how little usability testing or even basic common sense is used on many of these websites. lendinvest are really shooting themselves in the foot hiding their stats because their record appears to be very good. It looks like they have never had a default. I guess this hints at the answer to your other question about why the return is so low; it looks like they only take on very low risk borrowers, although there is nothing I could see in the FAQ to suggest that they do anything other than the standard screening or that they are particularly stringent. Some of the loans are bridging loans too, which pay much more elsewhere. Hm.  lendinvest, why are your rates to lenders so low compared to other platforms also doing commercial property secured loans? What do you do that they do not? |
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gibmike
Member of DD Central
What is a cynic? A man who knows the price of everything and the value of nothing.
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Post by gibmike on Mar 29, 2016 19:51:48 GMT
I have used LendInvest for a few months now and have invested in many of their loans (20 or so at last count).
I agree, there are a few things which need adding/changing:
Live Loans - what loans are available.
Past Loans - completed loans (including defaults).
Up and Coming Loans - potential loans so I can budget for spreading my risk rather than jumping into the newest loan blind.
My biggest gripe is the inability to see accumulated pending interest to allow me to update my records on a weekly basis.
I will say their customer services is excellent, I never have to wait more than 15 minutes for a reply.
I will send this thread across to them and we will see what they say.
Mike
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bababill
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Post by bababill on Apr 26, 2016 4:09:49 GMT
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gibmike
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What is a cynic? A man who knows the price of everything and the value of nothing.
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Post by gibmike on May 16, 2016 18:29:19 GMT
Just a quick one, does anyone from LendInvest read this forum?
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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 16, 2016 18:58:06 GMT
Just a quick one, does anyone from LendInvest read this forum? maybe  Last online at begiining of year but that is often deceptive as there are some very regular posters who havent been online for 3 years apparently.
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gibmike
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What is a cynic? A man who knows the price of everything and the value of nothing.
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Post by gibmike on May 16, 2016 19:44:15 GMT
Good to hear.
Would settle for a development roadmap from them, at least to manage expectations.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Sept 13, 2016 16:55:59 GMT
The site is driving me mad for two, linked, reasons. Firstly each loan is identified only by a rambling description. Secondly on the available loans page there is no way of telling if I am already invested in a loan. As a consequence I have inadvertently doubled up on some properties. Both these are easily fixed - come on LI!
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Steerpike
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Post by Steerpike on Sept 13, 2016 17:48:03 GMT
The site is driving me mad for two, linked, reasons. Firstly each loan is identified only by a rambling description. Secondly on the available loans page there is no way of telling if I am already invested in a loan. As a consequence I have inadvertently doubled up on some properties. Both these are easily fixed - come on LI! Some time ago, LI invited website feedback and when I gave them my list they said yeah thanks, we know about that already, and so far have done nothing. I think that they went to the SS school of charm for young financial entrepreneurs. I too have inadvertently invested twice in the same loan. Both LI and SS comfortably fill all the loans that they list and so perhaps their (apparent) arrogance stems from that.
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bababill
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Post by bababill on Sept 14, 2016 1:08:48 GMT
Both LI and SS comfortably fill all the loans that they list and so perhaps their (apparent) arrogance stems from that. Don't forget it was not long ago their minimum investment was £1000 per loan and not that long before that it was £10,000 so maybe that also is a contributing factor.
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archie
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Post by archie on Sept 14, 2016 7:05:08 GMT
The site is driving me mad for two, linked, reasons. Firstly each loan is identified only by a rambling description. Secondly on the available loans page there is no way of telling if I am already invested in a loan. As a consequence I have inadvertently doubled up on some properties. Both these are easily fixed - come on LI! Some time ago, LI invited website feedback and when I gave them my list they said yeah thanks, we know about that already, and so far have done nothing. I think that they went to the SS school of charm for young financial entrepreneurs. I too have inadvertently invested twice in the same loan. Both LI and SS comfortably fill all the loans that they list and so perhaps their (apparent) arrogance stems from that. They were inviting testers for their new website a while ago. See Usability studyNot sure what's happened since then. Update : From LendInvest - The new platform has had a few delays. Our technology team are working extremely hard to release it as soon and as smoothly as possible. We anticipate it to be ready in the very near future.
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Last online at begiining of year but that is often deceptive as there are some very regular posters who havent been online for 3 years apparently.
