Obsolete - do not use until updated. IM

Hi ilmoro


Thanks for the update on the FAQ regarding the new INPL rules and defaults. Very helpful.


Regards, SXLR

Used to be 18% with 12% for lenders. The suspicion is that the new rates are priced more for liquidity rather than passing on the whole saving to the borrower but this information is not published.

Yes that's the loan interest only, there is 4% acceptance fee split with introducer and 2% exit fee so for a '12%' loan of exactly one year that redeemed on time that would be a simple rate of 24%.

Default interest has also been mentioned but again unpublished.

The answer to this question is probably hidden in the massive black hole at the centre of the Milky Way.

Hi Soltar.
SS has a primary and secondary market, at the moment there is lots on the secondary market and little on the primary.  In a few weeks it will be other way around.
SS is just  property at various stages of purchase, planning, development.  You need to understand a bit of UK law, basically if you don't have planning in place then you cannot develop and getting "planning permission" can be risky.  Then there are "charges" which relate to where you are in the list if things go wrong.  So secondary charges is lest valuable than a first charge.  Then there is the story, houses in Prague are more expensive than Melnik I think?  Do I believe the developer is actually good or just the ner-do-well son of a bank robber?

Strategy invest in at least 5 Portals, try to keep total property less than 40% and no loan larger than 1% or total

Good luck

Hello, bobo, thank you too! I am not as good in English, so can you explain what "charge" is, please? And what is secondary and first charge? Or where could I learn more about that?

Also, do you mean to keep our P2P investments diversified and invest into real estate only 40 % of our capital?

Maybe you are from the Czech, too, so you know that we are probably going to have the CZK stronger soon, so I am waiting with larger investments till then. I only put a few hundreds of GBP to the SS for now.

Thank you again!, Solator.

Hi Solator

Couple of things.

Opinions and atititudes towards SS are quite varied so it would be worth having a read of several threads to see the various viewpoints

Make sure you understand how it works, particularly the new default policy (FAQ needs rewriting on this) which you can read here. Important as some loans wont pay interest until issues are resolved.

Have a look at the loan history of anything you are looking to invest in by reading the updates on the platform or reviewing here
p2pindependentforum.com/thread/2635/list-loan-updates, lots of useful other links at the top of that post as well

You can also read views/comments about each loan by clicking on the loan in the Index p2pindependentforum.com/post/113880/thread

My own strategy is to only invest in loans with longer terms remaining and I generally avoid lower rate stuff unless the security/term is good, then only small amounts. Im usually in 30-40 loans and usually a max of 5% of my platform total in one loan. Youll come across several discussions on strategy if you search around.

Im involved in a lot of platforms, 5-6 major holdings and toes in many others.

Good time to start as there is another big loan coming shortly which will probably result in a lot of previous loans being avaliable on the market. Not normally this good as you say.