|
|
Post by khampson on Nov 22, 2016 9:33:36 GMT
What peer to peer lending companies offer quick access (1 month or less access to fund) accounts?
I am aware or these at present but is there anymore?
Landbay (3.75%)
Ratesetter (2.8%)
Assetz capital (3.75%-4.25%)
Thank you
|
|
SteveT
Member of DD Central
Posts: 6,875 
Likes: 7,924
|
Post by SteveT on Nov 22, 2016 9:58:33 GMT
By buying into a range of FC property loans (making sure not to hold them to term) you should be able to sell more or less instantly at par (swallowing the 0.25% selling fee) in all normal market conditions, with as much certainty as some of those you list. And make something like twice the rate too.
|
|
|
|
Post by Ton ⓉⓞⓃ on Nov 22, 2016 10:19:42 GMT
Zopa Access 3.1% (that includes the fee)
|
|
adrianc
Member of DD Central
Posts: 10,031
Likes: 5,154
|
Post by adrianc on Nov 22, 2016 12:51:29 GMT
By buying into a range of FC property loans (making sure not to hold them to term) you should be able to sell more or less instantly at par (swallowing the 0.25% selling fee) in all normal market conditions, with as much certainty as some of those you list. And make something like twice the rate too. I'm glad you added that caveat... TBH, many platforms have excellent liquidity - so can be treated as instant access, "in normal market conditions", as your other caveat. And, if the market conditions become markedly abnormal, it's entirely possible that those other instant access products may become "sticky", too.
|
|
james
Posts: 2,205
Likes: 955
|
Post by james on Nov 23, 2016 11:51:36 GMT
What peer to peer lending companies offer quick access (1 month or less access to fund) accounts? It's not guaranteed but it's often possible to pick up loans at MoneyThing that have weeks to a month or two to run and which are paying a raw interest rate in the 10-12% range. This is because a lot of the loans there are 6 month terms that have a renew option every six months. Just don't check the renew box and you exit the loan on the renewal date if things happen as expected. There's also a very liquid secondary market there at present that typically is making exits within hours during the day possible. No penalty for selling out of a loan early if you want to. I don't know why you need the timeline but if there's a little flexibility you should be able to do a good deal better than the accounts you've mentioned. If you need it strict, buying just the loans with the planned end date in the desired range will let you invest less but provide more assurance of exit. You can just click on the end date heading to sort the secondary market loans by end date and then buy into the ones with the desired end range if there's availability.
|
|
markm
Posts: 45
Likes: 33
|
Post by markm on Nov 23, 2016 13:51:16 GMT
Bondmason target a 7% return and aim to provide liquidity within 7 - 14 days (often sooner)
I've been very pleased with their service so far ..
|
|
|
|
Post by JamesGrowthStreet on Nov 28, 2016 13:39:19 GMT
What peer to peer lending companies offer quick access (1 month or less access to fund) accounts? I am aware or these at present but is there anymore? Hi khampsonGrowth Street is another option for you. Individuals can now invest at rates of up to 6.5% AER*, benefiting from a protection fund designed to cover both expected and unexpected losses, and the ability to withdraw funds at 30 days’ notice. Individuals can open a Growth Street investment account online: www.growthstreet.co.uk/investingGrowth Street also offers a welcome bonus and referral scheme for new investors: Please note that Growth Street is an investment product and not a savings account. Your capital is at risk if you lend to businesses and lending is not covered by the Financial Services Compensation Scheme. Growth Street Exchange Limited is an Appointed Representative of Resolution Compliance Limited, which is authorised and regulated by the Financial Conduct Authority (no. 574048). *Rates are quoted on an annual equivalent rate basis (assuming reinvestment of interest) before tax. **Terms apply. Best regards, James Growth Street
|
|
