Funding Circle to Move into the Property Market?

The PM in 1969 was Harold Wilson; Macmillan's statement was in 1957. Nevertheless, there are two big changes since 1969:

(1) interest rates are a lot lower, and
(2) most women go out to work. This has been a big factor in bidding up house prices because having two earners means that you can afford to pay more.

It is, of course, great that women who want to work can do so, and I would not want to tun the clock back. But it does have its consequences. These days, it is almost impossible to be a stay-at-home mother in the south-east unless either you are in rented housing or your husband is pulling in £80k plus.

Of course, the same applies if Dad stays at home and Mum goes out to work. The point is, it's very difficult to have one parent at home, even if that's what they want. In the 60s and 70s it was not. So families work twice as hard to stay in the same place.

Just been e-mailed with a questionnaire regarding investing in FC Property loans together with an offer of advanced information on the first offering. Looks like they are serious but how good will be their "guarantees" on these types of loans?

I completed the survey and am happy to judge any loan offering on it's merits,

Needless to say they won't be getting any of my money without a big improvement in the security being offered (bricks and mortar rather than fancy words)

Not necessarily true, specifically not true for a group of ex-colleagues when face with the issue of either staying in their homes and loosing their jobs (our employer was relocating) or facing huge losses on the sale of their homes due to negative equity following a crash in the housing market in order to relocate.

I guess the survey is intended to give them a feel for the potential market and to some extent to find out what the punters want. My guess is that the whole thing has to some extent resulted from what Assetz have achieved. In one year they have gone from start up to profit or so MD, Andrew Holgate has recently claimed. I am not sure where FC sits in regard to profit but I would not be surprised to find that they haven't yet reached breakeven. If that is the case I guess they would like to get a bit of Assetz action or maybe even attempt to push Assetz out of the market altogether. After all Assetz has been a pain in the a*se to FC what with the creation of this site by Andrew and the superior trading model!

I appreciate that bricks and mortar aren't guaranteed to hold their value, but I would take them over most other forms of security.

I have a small amount in FC and at the moment their site can be a bit like trying to run in treacle. However, I wouldn't condemn the entire platform because the IT department are incompetent. I would like to invest more in AC but I can't, given the dearth of opportunities and the fact that half of what is on offer is fully subscribed before I realise it is there.

FC, TC, AC, it all gets a bit confusing (it was TC).

Think I'll go for that lie down again.