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 Apr 24, 2016 20:19:38 GMT
Is anyone getting the feeling than loan rates are falling on Lend Invest? Are they getting more picky and therefore the loans are safer? Could it be more competition in the market?
Mike
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archie
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Post by archie on Apr 25, 2016 7:49:30 GMT
Is anyone getting the feeling than loan rates are falling on Lend Invest? Are they getting more picky and therefore the loans are safer? Could it be more competition in the market? Mike Last week wasn't great but there was 8% available as recently as 18/04/16. I suspect it's more a hangover from the large number of loans they pushed through in March. My feeling is LI loans are considerably safer than on some other platforms (I'm on some of those too though  ). LI is currently my main P2P platform, no plans to reduce investment at the moment.
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bababill
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Post by bababill on Apr 26, 2016 3:55:38 GMT
I feel they have been steady for a year or so.. However, I do believe they were on average a full percentage point higher a year or maybe two years ago.
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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 Apr 27, 2016 15:39:35 GMT
I find LendInvest the safest of the ones I have used (so far), it was more of a general "feel" rather than statistically proven.
I have no plans to leave although I wish they took on a couple of additional elements which I love on other platforms such as staggered interest payments (on the loan date rather than the 1st) and the ability to buy other existing loans via a secondary market (I appreciate this is a lot of work).
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ben
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Post by ben on Apr 27, 2016 15:52:02 GMT
I think originally LI was aiming for the bigger investors as the minimum per loan was quite a lot so secondary market probably not quite as important. Now it is only £100 so a lot smaller and would guess a lot of smaller investors have joined so a secondary market might be more popular now. I
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archie
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Post by archie on Apr 28, 2016 8:31:05 GMT
I find LendInvest the safest of the ones I have used (so far), it was more of a general "feel" rather than statistically proven. I have no plans to leave although I wish they took on a couple of additional elements which I love on other platforms such as staggered interest payments (on the loan date rather than the 1st) and the ability to buy other existing loans via a secondary market (I appreciate this is a lot of work). I like the interest on the 1st, I opt to withdraw all interest though. Second market is supposed to be added at some point, I think this would be a useful addition to the platform. There was another 8% loan a couple of days ago so rates appear to be steady.
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ben
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Post by ben on Apr 28, 2016 8:52:00 GMT
there quite often is a smaller tranche b on loans paying around 7.5/8% but these fly of the shelf usually
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pom
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Post by pom on Apr 28, 2016 10:01:22 GMT
Occasionally you get a few a bit higher than that - I have a couple at 8.25, one at 8.5 and two at 9%. The last two were during their birthday celebrations (around June I think so maybe they'll do something similar again)
I also prefer the fixed date for interest payments - makes tracking it a lot simpler
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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 1, 2016 12:08:01 GMT
What is the "Gross rate" mentioned in the contracts? If it is the rate paid by the borrower then AFAIK this is the only similar platform to declare its gross margin.
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archie
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Post by archie on Oct 1, 2016 14:10:54 GMT
A guide to the interest rates charged to borrowers is shown here. |
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kermie
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Post by kermie on Oct 1, 2016 16:22:11 GMT
A guide to the interest rates charged to borrowers is shown here. Very interesting. Confirms just how much LendInvest are creaming off the top!
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ben
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Post by ben on Oct 1, 2016 18:32:41 GMT
Probably simlar to a fair few other sites, although granted was more then I would have thought.
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bababill
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Post by bababill on Oct 4, 2016 1:56:13 GMT
And they say P2P has cut out the middle man......... ;-)
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Post by marc77 on Oct 4, 2016 15:15:21 GMT
I agree with gibmike in his OP at the time that rates seem to be dropping. That said in recent days I perceive there to have been a few higher combinations of LTV -v- interest rate, albeit for slightly different / new structures, e.g., Res****** Dev******** Maid****** which is going to take in funds from LI Capital also for the development and Com****** Prop****** Clerk****** which is a very large loan size for LI. |
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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 Oct 5, 2016 20:54:03 GMT
I came on to post the same comment marc77. There seemed to have been a lull of 5-6% loans for a long while and yesterday I noticed an 8% A loan which is unheard of since I joined. I am scaling back about 20% on Lend Invest as I have done on others as my % of P2P was getting too high, however I might only scale back 10% if this continues with the 7-8% loans. Mike |
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). LI is currently my main P2P platform, no plans to reduce investment at the moment.
