macq
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Post by macq on Sept 18, 2017 13:53:50 GMT
RPI (which includes property costs unlike the Governments preferred CPI, though they still use RPI when it is to their advantage) stands at 3.9%. Anything less than that and you are losing money. and you may need to better it due to tax on your interest
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Post by nesako on Sept 18, 2017 14:03:29 GMT
Thanks puddleduck , my funds have also been invested within a similar timescale, now just awaiting my £50 I assume you do know that you need to keep that £50 and the initial deposit invested for 12 months or the bonus will be lost on withdrawal?
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djpix99
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Post by djpix99 on Sept 18, 2017 18:43:57 GMT
@nesako don't worry I study the terms and condition fully before taking up any referral offers. Hoping to hold for 2 years anyway until a large purchase.
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Post by biscuitbri on Oct 25, 2017 16:00:19 GMT
I opened an account on the 20th August, the bank transfer was credited on the 22nd and I logged in yesterday to see the money had gone from the queue to invested. I put in 1k to get the 50 quid referral incentive to dip my toe in. I am not planning to put too much in here as the rates are low (3.29% currently) but the site seems decent enough and well designed. My experience is very similar - Deposited a trial 1k last Friday 20th and all invested by today. I was looking for a safer haven and am assuming (I know never assume) that the low (3.49%) rate may reflect this. My only problem is that it is so hands free that there seems to be no way of knowing, and therefore being able to check, where exactly the money is invested and being able to do any basic DD. With all the uncertainty about many of the other platforms I am planning to transfer funds into Landbay and/or Wisealpha for a quieter and easier life. At the moment Wisealpha with the slightly better rates and the bonds being in major brands seems to be the better choice but I may well give Landbay the chance with a few more quid.
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macq
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Post by macq on Nov 20, 2017 16:34:55 GMT
they announced today that they are moving form 10 to 25 year mortgages inline with other companies.Not sure what that will do to their rates and what happens to the 5 year fix at the start or if that will get longer as well
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Post by beeje13 on Nov 20, 2017 18:44:01 GMT
They are not ditching 10 year mortgages, just starting to offer 25 year ones, which should increase business as it's the most popular term length.
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Post by df on Nov 21, 2017 13:30:38 GMT
It will be my anniversary with Landbay at the end of December and I'm likely to be withdrawing in January. It is probably one of the safest platforms, but the rates are too low. It made sense to commit to the term for for a bonus, but after that I think my funds should do better elsewhere. It will probably be RS Rolling if it still keeps at 4%+.
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Nomad
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Post by Nomad on Mar 8, 2018 12:56:30 GMT
It will be my anniversary with Landbay at the end of December and I'm likely to be withdrawing in January. It is probably one of the safest platforms, but the rates are too low. It made sense to commit to the term for for a bonus, but after that I think my funds should do better elsewhere. It will probably be RS Rolling if it still keeps at 4%+. Press release today - Landbay has announced that it has lent a total of £100m to buy-to-let landlords since it launched in 2014.
The specialist mortgage marketplace lender saw lending volumes almost double during the last six months after previously reporting a lending total of £59.56m in September 2017.
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Post by redeye555 on Sept 16, 2018 15:55:08 GMT
I'm in Landbay with 5% of my investments (33% of my P2P investments). It was the first P2P lender I read about and seemed to be a fairly safe bet. However, as I learn more about investments, the only reason I've not withdrawn my investment is because I have limited options in platform diversity.
Rates are too low.
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puddleduck
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Post by puddleduck on Sept 18, 2018 8:11:33 GMT
I decided to sell out of Landbay last night.
The low rates relative to almost all other platforms have always irked me, although it was nice to have for diversification.
But with the recent Assetz 1% / 2% promotion, I think my money can do at least 2% better in Assetz's 30 days account.
I will say that my money was released INSTANTLY - as soon as I sold out, the money was there to withdraw. Impressive.
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one21
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Post by one21 on Jan 25, 2019 14:20:08 GMT
Hi All, Does anyone have any thoughts, how the latest HMRC disincentive to the Buy-to-Let investors may have on the market? There has been reports in the media that some owners are getting out.
As a test of liquidity I recently made a withdrawal from the Tracker Product it was instantaneous - quite reassuring!
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Post by gravitykillz on Jan 26, 2019 15:10:42 GMT
Investing in buy to let at 3.5% seems like a very dangerous move especially being so close to a no deal brexit. If the rate was higher i would consider it but i can get more from ratesetters rolling deal.
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one21
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Post by one21 on Jan 26, 2019 19:27:40 GMT
Investing in buy to let at 3.5% seems like a very dangerous move especially being so close to a no deal brexit. If the rate was higher i would consider it but i can get more from ratesetters rolling deal. I would think 'dangerous' is a little OTT considering the scarcity of accommodation and the commitment of 25% deposit that the borrower stands to loose! I would settle for reduced rental income as worst case!
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macq
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Post by macq on Jan 26, 2019 23:09:20 GMT
Investing in buy to let at 3.5% seems like a very dangerous move especially being so close to a no deal brexit. If the rate was higher i would consider it but i can get more from ratesetters rolling deal. I would think 'dangerous' is a little OTT considering the scarcity of accommodation and the commitment of 25% deposit that the borrower stands to loose! I would settle for reduced rental income as worst case! Only look every now and again as the wife put some money in a few years back and then just left - but you would think lending to mainly professional landlords and with a tendency to aim the rate at the borrower(they tend to tweak the flex rate when required) and also a PF that there are probably more risky sites for property
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Jan 27, 2019 0:24:53 GMT
I would think 'dangerous' is a little OTT considering the scarcity of accommodation and the commitment of 25% deposit that the borrower stands to loose! I would settle for reduced rental income as worst case! Only look every now and again as the wife put some money in a few years back and then just left - but you would think lending to mainly professional landlords and with a tendency to aim the rate at the borrower(they tend to tweak the flex rate when required) and also a PF that there are probably more risky sites for property Why risk it come to bonnie Scotland.. Buy a few nice cheap flats £4500 - £10000 and get 20-25% ROI pay an agent to manage and still make a killing.
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