Liz
Member of DD Central
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Post by Liz on Mar 7, 2017 11:12:54 GMT
I am so weird. My three would be: - IFISA
- Everything bought and sold at par for free
- Primary Market flow.
So paul123 , is the availability of a secondary market (SM) an absolute must have before you invest (even if liquidity may be illusory)? How does the investment term affect that requirement (e.g. if you were holding a 6-month bridging loan on PC, vs. a 5-year equity investment on PP)? That's something which we're working on at Property Crowd, and it would be good to hear from investors such as yourself why an SM is so important. A fee-free, automated SM is very important to lenders. It helps with diversity, change in situation etc. MT/SS is the simplest form of a SM. FS more complicated, but would work with an IFISA, as ISA holders could take on tax liabilities at a discount, with no Income Tax to pay.
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Post by dudave on Mar 7, 2017 11:34:15 GMT
1) interest rate
2) Liquid secondary market, fee free
3) low default rate/good handling of default recovery
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Post by easteregg on Mar 7, 2017 13:09:12 GMT
Here are my top 3:
Risk adjusted returns Ease of adding and withdrawing funds Communication
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
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Post by cooling_dude on Mar 7, 2017 15:28:38 GMT
So paul123 , is the availability of a secondary market (SM) an absolute must have before you invest (even if liquidity may be illusory)? How does the investment term affect that requirement (e.g. if you were holding a 6-month bridging loan on PC, vs. a 5-year equity investment on PP)? That's something which we're working on at Property Crowd, and it would be good to hear from investors such as yourself why an SM is so important. A fee-fee, automated SM is very important to lenders. It helps with diversity, change in situation etc. MT/SS is the simplest form of a SM. FS more complicated, but would work with an IFISA, as ISA holders could take on tax liabilities at a discount, with no Income Tax to pay. A fee fee? What... double fees? Don't listen to her charles , I think she is on the wine again! BTW - I agree that SM (ideally with no fees!) is important 
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 7, 2017 16:18:46 GMT
A fee-fee, automated SM is very important to lenders. It helps with diversity, change in situation etc. MT/SS is the simplest form of a SM. FS more complicated, but would work with an IFISA, as ISA holders could take on tax liabilities at a discount, with no Income Tax to pay. A fee fee? What... double fees? Don't listen to her charles , I think she is on the wine again! BTW - I agree that SM (ideally with no fees!) is important We had a young French "exchange" teacher called fee-fee ... or was it Fifi? Anyway, she caused much "paying attention" in my boys' grammar school in the 1950s 
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nick
Member of DD Central
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Post by nick on Mar 7, 2017 16:29:49 GMT
- Interest rate (the higher the better for any given risk)
- Loan quality (to be considered along side return) and access to accurate, reliable and complete information on the loan and borrower
- Primary market deal flow
- Liquidity, ie a liquid SM that can operate in most conditions so I can access funds if required. To this end, a SM which allows discounts and premiums is preferable as its aids liquidity in most market conditions
- Straight forward platform that's intuitive to use
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Post by wiseclerk on Mar 7, 2017 16:37:45 GMT
Mine
1. Risk adjusted returns (after tax - as the impact of tax can be quite different depending on platform fees and default rates)
2. Risk adjusted returns (after tax - as the impact of tax can be quite different depending on platform fees and default rates)
3. Information available, detail, accuracy and consistency
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Liz
Member of DD Central
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Post by Liz on Mar 7, 2017 16:42:41 GMT
A fee-fee, automated SM is very important to lenders. It helps with diversity, change in situation etc. MT/SS is the simplest form of a SM. FS more complicated, but would work with an IFISA, as ISA holders could take on tax liabilities at a discount, with no Income Tax to pay. A fee fee? What... double fees? Don't listen to her charles , I think she is on the wine again! BTW - I agree that SM (ideally with no fees!) is important Well spotted! Corrected.
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shimself
Member of DD Central
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Post by shimself on Mar 7, 2017 17:27:10 GMT
We had a young French "exchange" teacher called fee-fee ... or was it Fifi? Anyway, she caused much "paying attention" in my boys' grammar school in the 1950s We had a French monk. You win.
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Post by loanstar on Mar 7, 2017 19:21:33 GMT
You are joining the P2P party a little late, so I must assume you are already well aware of the basics that have been listed above. If you were to ask me what three things I would be most interested in from a new platform then I would reply;
1) A class of security asset not already readily available.
2) IFISA account from day one.
3) Outstanding platform management.
I wish you luck in your venture.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Mar 7, 2017 20:13:28 GMT
Platform integrity, ie, I have trust in the platform. Sometimes just a feeling but also looking at the company and the people. Really 1, 2 and 3. But then:
Loan security.
Rate.
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gibmike
Member of DD Central
What is a cynic? A man who knows the price of everything and the value of nothing.
Posts: 256
Likes: 160
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Post by gibmike on Mar 7, 2017 22:22:36 GMT
1. Platform
2. Loan Type (Property/Land/Other)
3. LTV v Return
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Liz
Member of DD Central
Posts: 2,426
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Post by Liz on Mar 8, 2017 0:03:41 GMT
1. sexy website 2. free drinks and lunch events 3. exciting PR: twitter PR buzz and marketing blurb e-mails etc  |
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428
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Post by sqh on Mar 8, 2017 1:58:09 GMT
1. A platform that understands that there are more than 3 most important things.
2. Don't forget rule 1.
3. Don't forget rule 2.
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Post by Deleted on Mar 8, 2017 8:14:07 GMT
3 things I don't need
1) Weekly or monthly "newsletter" written by a marketing guy the management has parachuted into the business and has no reality with the image I have of the portal
2) Portals who struggle with idea of doing what they say they are going to do when they say they are going to do it
3) Portals who change stuff on their website without warning us that it will occur and that solve the portal's problems but not the customer's problems, the inward looking twits, and then spend time sending multiple surveys asking "why are you leaving us?"
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