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Post by nesako on Sept 6, 2023 18:12:37 GMT
For me LP still has a place as I use it to store some of my ISA allowance.
Best flexible ISA is with Tesco at 4.4%, so LP is still good to maximise tax free earnings before putting the rest to best possible FSCS protected account.
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Post by nesako on Jun 19, 2023 19:05:17 GMT
What is the cheapest way to buy and then sell UK Gilts? Some platforms I found charge quite a bit for each transaction…
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Post by nesako on May 30, 2023 11:57:02 GMT
Notification of rate increases via email today. 19 Jun Classic 4.6% 19 Jun Premium 5.6%
17 Jul Classic 4.8% 17 Jul Premium 5.8%
No mention of ISA, presumably because I don't hold one with them. I hold ISA with them but got same e-mail… seems like classic will overtake ISA in July. My bet is both will get then aligned in August, but will see
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Post by nesako on May 22, 2023 19:08:01 GMT
Hi, I've been investing with Robocash for a month or so, I like the way the platform works and the returns seem good. But so many of my loan investments are now late - around 30%, and growing. I have asked Robocash about this and they said they'd get back to me. Has anyone had experience of their buy back guarantee? I'm hoping that will at least mean I get my investment returned - but are overdue loans returned with or without interest? Thanks in advance. I am with them since first year and at one time as many as 80% of my loans showed overdue. They all got repaid with interest at all times so I started to no longer look at overdue status, only at financial results of the group itself to ensure they are making enough money to cover defaults.
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Post by nesako on Jan 5, 2021 12:01:37 GMT
Just to balance out a bit (so that people reading do not think everyone is winning all the time) I have now won nothing for 2 months in the row with max holding. I was getting at least £25 each month before price reduction, but nothing since...
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Post by nesako on Jan 1, 2021 14:41:37 GMT
I really enjoy reading this annual topic - thanks guys! I personally left all UK P2P platforms apart from Loanpad as will do an expensive house renovation soon. Any reason you are reducing Euro platforms?
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Post by nesako on Dec 23, 2020 15:15:55 GMT
With savings rates being so low, I started overpaying my Mortgage (current fixed rate of 1.24%). Crazy times as I could normally always "earn" more than my mortgage rate...
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Post by nesako on Dec 23, 2020 15:10:17 GMT
A number of EUR platforms have collapsed and some really have shown great resillience. I only ever invested to platforms with strong financial record and I had no issues withdrawing from either: PeerBerry - great platform with terrible Auto Invest, it always left loads of repayments uninvested for many days, even when there were plenty of loans available. I had to constantly invest manually to ensure I was earning interest on the full amount. Other than that - one of the better places to invest Robocash - the name, the website design, wording on FAQ's (trying to pensuade there is nothing to worry about) - all things are screming at me as this cannot be "genuine", but financials and communication has been solid. 100% hands-off Viainvest - solid financials, strong group, verified license. Historically lower returns then elsewhere. 100% hands-off PS. If anyone fancy a joining bonus for any of the above - send me a PM and I will be happy to refer Via Invest seems to sail serenely on - * reached total amount of EUR 23 780 000 loans funded * expanded our investor community to 20 000 members * maintained stable average interest rate of 12% per annum As per their 2020 review. Yes, solid results for Viainvest and the same with Robocash who are preparing for IPO. I still invest in both platforms and so far all good!
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Post by nesako on Nov 12, 2020 21:37:43 GMT
Both 377699 and 377707 (Access) repaid late today.
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Post by nesako on Oct 11, 2020 12:38:59 GMT
What is the state of the provision fund and what happens to any money in it ? Can't find any data on it ?
They have stopped reporting the state of provision fund, but most of the money in it will be used to fund the debt recovery expenses. We are past the 3 month notice period given to all borrowers which means the outstanding 30% of borrowers have either entered alternative repayment arrangements or will be going through debt recovery. If there are still any funds left there by June next year (current expected end of the process), it should be used up in the last distribution to investors covering some of the loss.
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Post by nesako on Oct 2, 2020 7:55:58 GMT
7 x £25 WOOHOO!
I thought they were reducing the prizes from this month's draw ?
From December still one more draw in November with old 1.4% rate PS. 1x £25 this month for me
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Post by nesako on Aug 6, 2020 9:20:32 GMT
Hopefully the September payout will be similar or maybe slightly more. It would be nice! I would think maybe we will get another 20% in September and then another 20% or so by Christmas. Then it will become a very slow processes over 2021 as all income will be based on custom repayment plans and recoveries.
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Post by nesako on Jul 27, 2020 13:09:51 GMT
Growth street investing stats were updated on 20th July www.growthstreet.co.uk/investing/statisticsLooks like total money on loan which i calculated as Number of borrowers * Average amount currently outstanding 86*£148,058=£12,732,988 When the resolution event was declared it was in the region of £17.2m. so roughly 25% loan amount is recovered so far. The number of borrowers have gone down from 116 to 86 This is just my observation. Your observations seem all correct to me. I am a bit suprised (and disappointed) they did not send an update e-mail last Friday with the progress. Also it was not ideal to find out about their wind up plans from external sites as opposed to official communication... PS. One additional observation is that expected defaults across the remaining loan book is now at 5% (up from around 4%). The provision fund had 4% coverage (though on the entire original amount)
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Post by nesako on Jul 9, 2020 14:00:37 GMT
Is Robocash ok yet? I had no transactions at all since june the 1st. Normally there were few hundreds in/out each month. I am worried... I am not sure what is not working for you, but I have received a number of repayments with interest which all have been reinvested yesterday without any delays.
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Post by nesako on Jul 7, 2020 13:58:39 GMT
Yes, sounds right, unless RS repay you as part of their quarterly schedule (possibly more frequent given recent e-mail) and that drops your remaining qualifying amount under £5k tier before you qualify for the bonus. I doubt RS will do that, they're struggling to pay their own customers Whoops, ah well, they still both owe me
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