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Post by Deleted on Jul 29, 2016 7:24:34 GMT
MT 4pm, always bang on time  Getting frustrated with any of the accounts makes no sense, investing sensibly is a slow process, so take it slow AC and FC is not really a solution for anyone IMHO |
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Post by loanerjon on Jul 29, 2016 11:32:33 GMT
No one has really mentioned it here but you may want to look at some of the European platforms as well. I'm currently trying out Twino and Finbee Twino: Decent deal flow with a choice of loan terms and fixed returns ranging from 11 - 13%. Secondary market isn't great but you can choose whether you want to invest in loans from 3 months - 18 months in term. Unlike most other platforms as well, it also pays back part of the principle every month with a buy back guarantee on many loans. FinBee: a new platform that I'm trialling now thanks. View it as a rather high risk one so have only very small amount of my portfolio in it but averaging returns of 20.5% at the moment although it has only been 1.5 months. Other include Bondera, Mintos etc. Also remember with EU platforms there is the currency fluctuation element... I was interested in the European platforms but... along came Brexit and sent the Pound spiralling so it is off the table for now  Thank you for the info though - will likely revisit when the exchange rate improves!
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Post by loanerjon on Jul 29, 2016 11:35:09 GMT
My new thoughts Bondmason and Bridgecrowd. Zopa Easy access 3.5% no fee for withdrawal. Classic 4.3% 1% fee for withdrawal Both protected or Zopa Plus 6.7 %, 1% fee for withdrawal no protection. Maybe I will check Zopa out again... 6.7% isn't bad and if I keep my money in there for 1 year instead of the 5 they want I would effectively get a rate of 5.7% upon selling; if I need to sell that is.
Begs the question though... what is the point of the Classic if I can put it in the Plus and sell at the same rate? Doesn't seem right...
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Post by lb on Jul 29, 2016 11:41:06 GMT
My new thoughts Bondmason and Bridgecrowd. Zopa Easy access 3.5% no fee for withdrawal. Classic 4.3% 1% fee for withdrawal Both protected or Zopa Plus 6.7 %, 1% fee for withdrawal no protection. Maybe I will check Zopa out again... 6.7% isn't bad and if I keep my money in there for 1 year instead of the 5 they want I would effectively get a rate of 5.7% upon selling; if I need to sell that is.
Begs the question though... what is the point of the Classic if I can put it in the Plus and sell at the same rate? Doesn't seem right...
Zopa + has no safeguard fund to cover losses so you may get 6.7% or 8.7% or 1.7% after losses Zopa classic has safeguard cover so in theory you should get 4.3% as stated
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Post by khampson on Jul 29, 2016 12:52:13 GMT
I have tried numerous p2p, my latest one is Bondmason, they aim to provide 7% interest rate but is currently 8.3%, nice looking site and dashboard, they do all the leg work selecting various approved platforms and carefully selecting loans, excellent customer service.
Keith
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Greenwood2
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Post by Greenwood2 on Jul 29, 2016 13:50:05 GMT
Maybe I will check Zopa out again... 6.7% isn't bad and if I keep my money in there for 1 year instead of the 5 they want I would effectively get a rate of 5.7% upon selling; if I need to sell that is.
Begs the question though... what is the point of the Classic if I can put it in the Plus and sell at the same rate? Doesn't seem right...
Zopa + has no safeguard fund to cover losses so you may get 6.7% or 8.7% or 1.7% after losses Zopa classic has safeguard cover so in theory you should get 4.3% as stated 6.7% is the Zopa Plus estimated rate after losses. My actual rate on Plus is closer to 12% at the minute giving a fair bit of leeway to the estimated. But still not guaranteed. And now losses are tax deductible. I don't really see the point of the Zopa Access account, paying 0.8% per year less than Classic, with Classic costing only 1% to exit. I suppose if you want to use Access more like a bank account and continually move money in and out it would make sense.
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hazellend
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Post by hazellend on Jul 29, 2016 20:24:10 GMT
Ablrate is good
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Jul 29, 2016 21:55:34 GMT
My new thoughts Bondmason and Bridgecrowd. Zopa Easy access 3.5% no fee for withdrawal. Classic 4.3% 1% fee for withdrawal Both protected or Zopa Plus 6.7 %, 1% fee for withdrawal no protection. Maybe I will check Zopa out again... 6.7% isn't bad and if I keep my money in there for 1 year instead of the 5 they want I would effectively get a rate of 5.7% upon selling; if I need to sell that is.
Begs the question though... what is the point of the Classic if I can put it in the Plus and sell at the same rate? Doesn't seem right...
I just tried selling out 2k from Zopa easy access - it is definitely not 'easy access'. It only let me request to sell about £600 of loans and several hours later is still at £0 sold. Will have to wait and see.
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pom
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Post by pom on Jul 30, 2016 8:18:11 GMT
Maybe I will check Zopa out again... 6.7% isn't bad and if I keep my money in there for 1 year instead of the 5 they want I would effectively get a rate of 5.7% upon selling; if I need to sell that is.
Begs the question though... what is the point of the Classic if I can put it in the Plus and sell at the same rate? Doesn't seem right...
I just tried selling out 2k from Zopa easy access - it is definitely not 'easy access'. It only let me request to sell about £600 of loans and several hours later is still at £0 sold. Will have to wait and see. I suspect they only process stuff during normal business hours so Friday night is probably the worst possible time to try it
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Post by Ton ⓉⓞⓃ on Jul 30, 2016 8:31:05 GMT
I just logged in and at the top of the screen there's a new orange box with Zopa titbits this one says,
Below that I can click Yes, No or Somewhat... when I answer a question another one appears.
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Neil_P2PBlog
P2P Blogger
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Post by Neil_P2PBlog on Jul 30, 2016 16:38:25 GMT
I just tried selling out 2k from Zopa easy access - it is definitely not 'easy access'. It only let me request to sell about £600 of loans and several hours later is still at £0 sold. Will have to wait and see. I suspect they only process stuff during normal business hours so Friday night is probably the worst possible time to try it I hope that is the case, rather than the remaining loans being caught out in longer term repayment complications. Today it has sold that first £600 but does not let me sell any more. I think a typical user of the easy access zopa account is someone just getting started in P2P, not wishing to commit their funds to a long term and sticking with the most established name. In my experience, other platforms that do not claim to be easy access are easier to sell even if it means a small charge or via secondary market.
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rogerbu
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Post by rogerbu on Jul 30, 2016 18:49:26 GMT
AC - like the QAA feature for automatic purchasing in the GBBA etc. markets but currently taken almost 2 weeks to get £50 invested here. Extremely poor rate of new loans coming through.
You must be doing it wrong! My other half opened a new account on the 19th of this month, paid in a wedge and put buy orders on 29 existing loans. So far, £1300 invested. Be aware that the MLIA isn't a qualifying account for AC's £150 bonus. Like others, put in £2000 3 weeks ago, only £100 invested in GBBA by today, rest loafing in the QAA. Not very good.
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Post by Ton ⓉⓞⓃ on Jul 30, 2016 20:27:33 GMT
I've highlighted where you use the phrase "easy access" Neil_P2PBlog as I personally think this is a little unfair on Zopa as far as I'm aware they never call it that, they just use the word Access. |
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m203
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Post by m203 on Jul 31, 2016 15:38:10 GMT
Regarding european platforms (not UK platforms included) I am currently only invested in Mintos. Are there any p2p platforms where investments are in Germany och France open for non-residents in those countries? More specifically open to a swedish investor.
Thanks
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Post by wiseclerk on Jul 31, 2016 19:59:20 GMT
Regarding european platforms (not UK platforms included) I am currently only invested in Mintos. Are there any p2p platforms where investments are in Germany och France open for non-residents in those countries? More specifically open to a swedish investor. Thanks List of platform open to European residents: www.p2p-banking.com/p2p-lending-services-open-to-international-non-resident-investors/try out any of these. The German ones are not open to resdents outside of the market, with the exception of Crosslend which is also open to UK residents, even so they do not serve that borrower market. There is one French one which is theoretically open, but you'll need deep pockets or other parameters for self-certification. To avoid all these extra requirements, just look at the list above, which is plattforms, that are really open. P.S.. can you recommend the swedish plattforms?
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Thank you for the info though - will likely revisit when the exchange rate improves!
