|
|
Post by Deleted on Feb 4, 2019 21:00:12 GMT
Relying on LTVs and rates paid to lenders doesn't give you anywhere near a level playing field for comparison, and the only thing LI & LB have in common is that they have property as security, beyond that they're nothing like each other. A 70% LTV mortgage is nowhere near as risky as a 70% bridging/development loan. If it were nobody would ever be able to buy a house. As for the rates, if you're going to even begin to try and compare them across platforms then you need to consider what's actually being charged to borrowers - even though you might think they're both in the same approx bracket based on rates received you'll probably find they really really aren't. So landbay is less risky. Hence the lower rates. Your wisdom is always appreciated pom. What pom says is indeed blindingly obvious to many of us, but equally is very accurate and informative in response to your completely naive platform comparison. Of course you can just choose to be obnoxiously sarky in response and learn from your own mistakes in future.
|
|
|
|
Post by gravitykillz on Feb 4, 2019 21:10:50 GMT
Lol. What mistakes ? I have yet to lose a penny. Quite the opposite really. I will tell you in a year if it was a mistake.
|
|
|
|
Post by gravitykillz on Feb 4, 2019 21:14:02 GMT
And anyway p2p regardless of which platform is always high risk. I would rather get high rewards for taking a p2p investment than low rewards for a platform which has a illusion of low risk.
|
|
|
|
Post by gravitykillz on May 11, 2019 16:19:15 GMT
Requested a withdrawal almost a week ago. Still in the queue at landbay. Liquidity is obviously an issue with this p2p provider.
Not sure what the average time for withdrawal is these days on landbay. Definitely not impressed especially when compared to rs which has higher rates but apparently less security.
|
|
zlb
Member of DD Central
Posts: 1,422
Likes: 333
|
Post by zlb on May 17, 2019 18:43:32 GMT
Is there a similar risk platform to compare it with to see if rates are parallel? What about the new rule where fees can't be charged within btl framework, would that have an impact?
|
|
macq
Member of DD Central
Posts: 1,934 
Likes: 1,199
|
Post by macq on May 18, 2019 12:33:49 GMT
Is there a similar risk platform to compare it with to see if rates are parallel? What about the new rule where fees can't be charged within btl framework, would that have an impact? not sure about similar as each has there own spin on a product but maybe as a Blackbox property account OC could be close.As to new rules/govt etc going forward while it may come under puff pieces its possibly covered in their blogs in the about us section which often deal with rents etc?
|
|
|
|
Post by landbayceo on May 28, 2019 12:24:15 GMT
Requested a withdrawal almost a week ago. Still in the queue at landbay. Liquidity is obviously an issue with this p2p provider. Not sure what the average time for withdrawal is these days on landbay. Definitely not impressed especially when compared to rs which has higher rates but apparently less security. Liquidity jumps about and can typically vary from a couple of days to a few weeks. It should not be viewed as an instant access investment - the underlying loans (as for most P2Ps) are long term loans and we do not intervene in the secondary market or make guarantees.
|
|
Steerpike
Member of DD Central
Posts: 1,977
Likes: 1,687
|
Post by Steerpike on May 28, 2019 13:18:28 GMT
Requested a withdrawal almost a week ago. Still in the queue at landbay. Liquidity is obviously an issue with this p2p provider. Not sure what the average time for withdrawal is these days on landbay. Definitely not impressed especially when compared to rs which has higher rates but apparently less security. I requested withdrawal on 21st, received sold email and made withdrawal this morning, so 7 days (including bank holiday and weekend) although still have to wait up to 3 days for cash to reach bank account.
|
|
|
|
Post by gravitykillz on May 29, 2019 7:25:48 GMT
Requested a withdrawal almost a week ago. Still in the queue at landbay. Liquidity is obviously an issue with this p2p provider. Not sure what the average time for withdrawal is these days on landbay. Definitely not impressed especially when compared to rs which has higher rates but apparently less security. I requested withdrawal on 21st, received sold email and made withdrawal this morning, so 7 days (including bank holiday and weekend) although still have to wait up to 3 days for cash to reach bank account. I had to wait 2 weeks then confirm my bank details but I got there in end. Guess it really is pot luck when the withdrawal does go through.
|
|
|
|
Post by gravitykillz on May 29, 2019 7:30:01 GMT
I am currently out of landbay but I will pile back in when Brexit actually happens or maybe a couple of months before.
Right now I can get better returns elsewhere.
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on May 29, 2019 8:50:02 GMT
I am currently out of landbay but I will pile back in when Brexit actually happens or maybe a couple of months before. Right now I can get better returns elsewhere. If a no deal Brexit happens, I'll be piling out of (UK) property loans for a bit.
|
|
one21
Member of DD Central
Posts: 398
Likes: 265
|
Post by one21 on May 29, 2019 9:09:56 GMT
I requested withdrawal on 21st, received sold email and made withdrawal this morning, so 7 days (including bank holiday and weekend) although still have to wait up to 3 days for cash to reach bank account. I had to wait 2 weeks then confirm my bank details but I got there in end. Guess it really is pot luck when the withdrawal does go through. After reading this, I logged in yesterday to sell a loan part from the 'Tracker Fund' - it sold instantly! I received email today to confirm that the transfer to my linked account is in progress!
|
|
|
|
Post by landbayceo on Jun 13, 2019 12:47:29 GMT
Hi keystone . There was a glitch on the system for 24 hours earlier in the week - apologies. You should be able to see now. |
|
