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Post by dudave on Aug 6, 2017 12:43:11 GMT
Hello everyone! i'm not posting here very often but i'v been following this forum on a regular basis for the past 9 months, which is when i started investing in P2P. overall i am very happy with the platforms i am using but i now have some additional money i am considering investing in P2P, now the question is: should i spread it along the platforms i am currently using or should i look for some other platforms? i do not have the answer but maybe you guys can help me make up my mind.
These are the platforms i am currently invested in:
Moneything
Lendy
Funding Secure
Assetz Capital
Collateral
Ablerate
Mintos
Twino
Viainvest
These are the platforms i got out from or am trying to get out from:
Unbolted
FundingKnight
Lendinvest
Crowd2Fund
Property Moose
Bondmason
What i'm looking for is platforms i could invest in pounds, small amount on each loan, at least 9% interest rate and ideally with a decent secondary market.
Thanks in advance!
David
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macq
Member of DD Central
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Post by macq on Aug 6, 2017 13:00:57 GMT
they never get much mention on here (which could be good or bad) but Crowd2fund i believe average 9% - 10% and have a SM
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Post by dudave on Aug 6, 2017 13:05:19 GMT
they never get much mention on here (which could be good or bad) but Crowd2fund i believe average 9% - 10% and have a SM Thanks macq, but as i mentioned in my post i have tried them before and decided it was not for me.
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macq
Member of DD Central
Posts: 1,934
Likes: 1,199
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Post by macq on Aug 6, 2017 13:15:18 GMT
sorry just spotted it guess i should not have had that lie in this morning - how about Abundance?
p.s i keep looking at Crowd2fund what did you not like?
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Post by dudave on Aug 6, 2017 14:05:17 GMT
Crowd2fund took ages to get each project to start and at least back then there wasn't much on the secondary market. they also took like 7 days to process my money which kind of put me off a bit more.
I have heard the name Abundance before but i admit i have never checked it, i just did though and i didn't find many loans with over 9% interest. how is their secondary market like?
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Post by beeje13 on Aug 6, 2017 14:16:01 GMT
Hi there,
Can I ask why you are not continuing with Unbolted? I've recently opened an account (only with £100 to test the waters) and I am impressed so far.
Funding Circle fits your criteria, but I cannot recommend it. I've had no defaults yet but if you look at the rates for what is unsecured lending... it's a poor investment imho.
There is Flender, but I haven't used it personally.
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macq
Member of DD Central
Posts: 1,934
Likes: 1,199
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Post by macq on Aug 6, 2017 14:18:45 GMT
thanks for info on C2F did join to look around about 3 or 4 loans a week and the SM has grown over the last month or so but not sure yet.Never used the SM on Abundance its a bid/offer done via email at the end with the buyer/seller,not a big loan flow but rates can be good but some are for a long time(very long in a couple)
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Post by dudave on Aug 6, 2017 15:43:41 GMT
Hi there, Can I ask why you are not continuing with Unbolted? I've recently opened an account (only with £100 to test the waters) and I am impressed so far. Funding Circle fits your criteria, but I cannot recommend it. I've had no defaults yet but if you look at the rates for what is unsecured lending... it's a poor investment imho. There is Flender, but I haven't used it personally. Thank you beeje13 Unbolted to be fair have been very good, no defaults, completely hands off and decent returns. the problems i had with them is the lack of a secondary market and the long time it took to get your investments filled, everything else was very good. Funding Circle i'v ruled out in the very beginning, not for me. Flender looks interesting, might give it a go although this is not the type of platform i would usually go for. do they have a secondary market? couldn't find anything about it in the FAQ.
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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 Aug 6, 2017 15:58:20 GMT
Landlordinvest maybe. Interest 9% plus SM which pretty liquid. Selling fee but expected to be removed shortly. Loan flow not massive but increasing. Responsive on here
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hazellend
Member of DD Central
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Post by hazellend on Aug 6, 2017 16:22:03 GMT
Maybe Huddle, although it's very early days and their secondary market has been broken for a few weeks.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Aug 6, 2017 16:22:50 GMT
Have to say I am happy with Unbolted and Crowd2fund so far as not property-loan based so adds diversity to the other platforms.
Property Partner are a good bet just now if you want direct property (rather than property loan) exposure, with a lot of 5% yielding new properties and plenty of discounted properties on the SM
Also Archover as a lower rate/lower risk alternative, also non-property based, as long as you can lock the money for 1-2 years (no SM)
And Proplend, if you are OK with £1000 per loan - rate/risk varies by LTV, higher LTVs are over 9% usually.
However none of these are 9%+ and/or have low minimum investments. So why not just carry on with the platforms you have?
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Post by explorep2p on Aug 6, 2017 22:11:59 GMT
Agree with Cavalier, you have tested out pretty much all the current options for high return / small ticket sizes / GBP. Property crowd & Bridgecrowd offer over 10% rates but they have very big minimum ticket sizes. Allocating more capital to your existing platforms may be a great strategy. You also might want to take a look at Relendex - they have rates that are usually 8-9% and you can invest in smaller sizes per investment. They have an auction format for loan sales. This comparison table here has all the potential UK secured options, may be useful. |
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Post by dudave on Aug 7, 2017 11:09:17 GMT
Thank you everyone for the suggestions, i will check those options in depth although it think i will end up adding to my existing platforms after all.
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Post by easteregg on Aug 7, 2017 11:47:54 GMT
What i'm looking for is platforms i could invest in pounds, small amount on each loan, at least 9% interest rate and ideally with a decent secondary market. I wouldn't look at headline rate as it is rather meaningless. What is important is the return after deductions (fees and bad debts). The newer platforms will not have been around long enough for bad debt to emerge, and therefore a like for like comparison is not valid.
There are now over 90 P2P platforms (www.p2pmoney.co.uk/companies.htm) servicing customers from the UK so there is a massive choice. I would also suggest looking at rebuildingsociety, but also stick with the platforms you are comfortable with.
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Post by dodgeydave on Aug 8, 2017 1:48:38 GMT
What i'm looking for is platforms i could invest in pounds, small amount on each loan, at least 9% interest rate and ideally with a decent secondary market. I wouldn't look at headline rate as it is rather meaningless. What is important is the return after deductions (fees and bad debts). The newer platforms will not have been around long enough for bad debt to emerge, and therefore a like for like comparison is not valid.
There are now over 90 P2P platforms (www.p2pmoney.co.uk/companies.htm) servicing customers from the UK so there is a massive choice. I would also suggest looking at rebuildingsociety, but also stick with the platforms you are comfortable with.
Morning to you. Could you please explain the rational behind your choice of ReBS Thanks in advance
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