IFISAcava
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Post by IFISAcava on Dec 30, 2017 17:24:55 GMT
HNW Lending now has an autoinvest option withing the ISA. "Auto_Invest will invest in a minimum of 15 loans on the HNW Lending platform and have a maximum exposure of 10% of its value in any one loan. When one loan repays, Auto_Invest will purchase another loan so that it remains fully invested." Pays 7% May be an option for those who don't have enough to diversify otherwise (as £5000 per loan is the minimum). Do you have a link to the details of this. Cant find it on the site (do you need to be logged in) you do have to be logged in - it is in the list of available loans under "Auto_Invest"
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david42
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Post by david42 on Dec 30, 2017 19:47:27 GMT
HNW Lending now has an autoinvest option withing the ISA. "Auto_Invest will invest in a minimum of 15 loans on the HNW Lending platform and have a maximum exposure of 10% of its value in any one loan. When one loan repays, Auto_Invest will purchase another loan so that it remains fully invested." Pays 7% May be an option for those who don't have enough to diversify otherwise (as £5000 per loan is the minimum). Thanks for pointing out this new feature. Although I use HNW Lending, I had not noticed this new feature hiding in the list of loans. I like the idea of an automatic investment. This platform desparately needs a better way of matching cash to loans. But this particular proposal leaves too many unanswered questions for me: - Why only 7% interest when the average loan on HNW is higher? - What loans are we being invested in - are these other loans listed on the platform or something different? How risky are those loans? - who chooses the loans and on what basis are they selected? We are trusing that person or system to choose good loans for us. - why is the asset described as 1st charge, 2nd charge, cars? Is this a loan to a car seller? If so that is a whole new set of unexplained risks that need careful analysis. - what is the exit route?
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IFISAcava
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Post by IFISAcava on Jan 7, 2018 1:25:17 GMT
HNW Lending now has an autoinvest option withing the ISA. "Auto_Invest will invest in a minimum of 15 loans on the HNW Lending platform and have a maximum exposure of 10% of its value in any one loan. When one loan repays, Auto_Invest will purchase another loan so that it remains fully invested." Pays 7% May be an option for those who don't have enough to diversify otherwise (as £5000 per loan is the minimum). Thanks for pointing out this new feature. Although I use HNW Lending, I had not noticed this new feature hiding in the list of loans. I like the idea of an automatic investment. This platform desparately needs a better way of matching cash to loans. But this particular proposal leaves too many unanswered questions for me: - Why only 7% interest when the average loan on HNW is higher? - What loans are we being invested in - are these other loans listed on the platform or something different? How risky are those loans? - who chooses the loans and on what basis are they selected? We are trusing that person or system to choose good loans for us. - why is the asset described as 1st charge, 2nd charge, cars? Is this a loan to a car seller? If so that is a whole new set of unexplained risks that need careful analysis. - what is the exit route? all valid questions, to which I don't know the answer! (except cars - the car loans are secured on actual cars rather than car sellers' stock, and there are some aeroplane loans similarly - a bit like MT and ABLrate). I guess the difference in rates may relate to some sort of management fee, and or a PF - some sort of "added layer" of protection is alluded to but not spelt out. I would ask HNWL directly. If interested. I prefer to invest directly because my ISA pot is big enough to diversify via individual loans and I have time to spend on managing it.
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IFISAcava
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Post by IFISAcava on Jan 7, 2018 1:26:14 GMT
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 16, 2018 21:44:30 GMT
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Post by wiseclerk on Jan 16, 2018 22:42:05 GMT
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elliotn
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Post by elliotn on Jan 18, 2018 14:36:34 GMT
MT pre-reg now - 1st come, soft March, hard April.
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Post by drphil on Feb 14, 2018 13:42:09 GMT
Thanks for the table ilmoro - very useful (also wiseclerk). Just been told by Ratesetter Customer Services that there is no transfer out fee. |
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IFISAcava
Member of DD Central
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Post by IFISAcava on Feb 21, 2018 17:42:29 GMT
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
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Post by ilmoro on Feb 23, 2018 15:57:52 GMT
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
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Post by ilmoro on Feb 25, 2018 12:34:40 GMT
As noted previously in this thread Stelious aka easymoney was launching an IFISA and now it has been launched (as MrC posted yesterday)
4.05%, min £1000 thereafter £10 increments, transfers accepted, secured property auto-invest, loans can be sold via easymoney, not flexible, £50 trnasfer out/withdrawal fee.
Interestingly recoveries after fees will cover interest before capital which seems odd.
Also seems to come with some sort of rewards scheme (cheap movies, Gift cards, discounts in shops etc)
Seems to be in the OC area though no skin in the game. Havent signed up to nose around
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Post by justuslee on Feb 26, 2018 13:19:21 GMT
We can confirm that the JustUs ISA is a flexible ISA and transfers-in are now accepted for new lenders from their Cash and Stocks and Shares ISA.
For clarity, you will need to open a Regular lender account to access the JustUs ISA, this is free and only takes a couple of minutes to Register, you will then receive a call for security purposes. This is purely for administrative purposes, once opened you can activate your JustUs ISA lender account.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Feb 28, 2018 22:17:02 GMT
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elliotn
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Post by elliotn on Mar 2, 2018 12:08:34 GMT
TC, 6/4/18, enough liquidity already vs current pipeline.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Mar 4, 2018 11:46:33 GMT
Kuflink entry showing £35 transfer in/out fee - but T&Cs show only a transfer out fee (and I transferred in with no fee)
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