mattyg1086 Posted November 26, 2016 Report Share Posted November 26, 2016 Hi guys has anyone here invested in peer to peer lending if so how much and was it worth the monthly return. Did you invest a lump sum or just drip feed in 50 a month ect Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted November 26, 2016 Report Share Posted November 26, 2016 The ones I have read about it's apparently easy to put money on but SOME (not all) are difficult to get your money back out. I have also read that some are not regulated the the financial authority ( is it the FAA?) that overlooks normal investors and banks etc. Money saving expert forums has a whole section for investments may be worth a look? Quote Link to comment Share on other sites More sharing options...
Flashman Posted November 26, 2016 Report Share Posted November 26, 2016 Don't do in unless the platform operator is FCA regulated and even then think twice. Don't do it if you can't afford to lose the money. Despite the claims and opaque statements on some sites, your capital isn't guaranteed and the returns aren't guaranteed - your money is at risk. The only people making real money are the platform operators, so using the casino analogy, go and chuck on red/black once a month and have some fun betting. Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted November 26, 2016 Report Share Posted November 26, 2016 Don't do in unless the platform operator is FCA regulated and even then think twice. Don't do it if you can't afford to lose the money. Despite the claims and opaque statements on some sites, your capital isn't guaranteed and the returns aren't guaranteed - your money is at risk. The only people making real money are the platform operators, so using the casino analogy, go and chuck on red/black once a month and have some fun betting. Pretty good summary. How much are you looking to invest ? Juggling your bank accounts around can get you a decent %. I think nationwide is giving 5% upto £2500 if you transfer an account to them with two DD's! Quote Link to comment Share on other sites More sharing options...
old man Posted November 26, 2016 Report Share Posted November 26, 2016 Caveat Emptor? Quote Link to comment Share on other sites More sharing options...
spandit Posted November 26, 2016 Report Share Posted November 26, 2016 I've had a few hundred quid in with Zopa. I've made a bit of money but haven't tried taking it out yet so it's immaterial really... Quote Link to comment Share on other sites More sharing options...
Medic1281 Posted November 26, 2016 Report Share Posted November 26, 2016 I've borrowed from zopa at a very favourable rate. I've not invested in it though. Quote Link to comment Share on other sites More sharing options...
mattyg1086 Posted November 26, 2016 Author Report Share Posted November 26, 2016 Just looking to start putting money into something that I can see money coming back each month. Anyone got any other ideas Quote Link to comment Share on other sites More sharing options...
bear-uk Posted November 26, 2016 Report Share Posted November 26, 2016 (edited) Ive got about 30K in one. Over the year had around £2K interest. With another 2K to come in. Most loans are 6/12 months and 11/13% interest. Lost faith in the Banks and not to fussed about the odd loan going pear shaped. So far no probs and my loans range from £30 to £1500. Edited November 27, 2016 by bear-uk Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted November 27, 2016 Report Share Posted November 27, 2016 Just looking to start putting money into something that I can see money coming back each month. Anyone got any other ideas As I said, all depends on how much your talking about. The amount makes a big difference to your options. Quote Link to comment Share on other sites More sharing options...
fortune Posted November 27, 2016 Report Share Posted November 27, 2016 Isn't this what I am doing with my children? The return interest % is low to non existant. It's just a love job. Quote Link to comment Share on other sites More sharing options...
Flashman Posted November 27, 2016 Report Share Posted November 27, 2016 Just looking to start putting money into something that I can see money coming back each month. Anyone got any other ideas A pension Quote Link to comment Share on other sites More sharing options...
bear-uk Posted November 27, 2016 Report Share Posted November 27, 2016 Its my Pension money that I am playing with Only started off with £50 here and there. Then got carried away. Deffo not putting any more money in. Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted November 27, 2016 Report Share Posted November 27, 2016 Its my Pension money that I am playing with Only started off with £50 here and there. Then got carried away. Deffo not putting any more money in. Which one did you use ? Quote Link to comment Share on other sites More sharing options...
bear-uk Posted November 27, 2016 Report Share Posted November 27, 2016 (edited) Moneything Edited November 27, 2016 by bear-uk Quote Link to comment Share on other sites More sharing options...
Flashman Posted November 28, 2016 Report Share Posted November 28, 2016 I'd love to know their margin. Bridging loan interest rates are 20%+ p.a. Offering you - the lender - 12% appears to be good business for the platform that sits in the middle. Moneything Quote Link to comment Share on other sites More sharing options...
SxS Posted November 29, 2016 Report Share Posted November 29, 2016 I'd love to know their margin. Bridging loan interest rates are 20%+ p.a. Offering you - the lender - 12% appears to be good business for the platform that sits in the middle. Moneything There's a lot of interest in the financial markets for high quality corporate asset backed lending - the question I'd be asking would be why would anyone pay away 12% to raise money if that's what's on offer (and why would a business pay 20% if they have high quality assets). The simple answer is that they won't! They're paying these sorts of rates because of the risk associated with such lending which, unfortunately, very few people investing are likely to be able to assess or fully understand (especially when some of the platforms give loans "ratings" in the A-D style used by (but not using equivalent scales as!) the big credit rating agencies). ~8% gross margin may sound like a lot, but most of these firms have very small loan books and should be spending heavily on credit analysis and servicing teams. Not a sector I'd put money in to without extensive due diligence on the platform and loan to really understand what I was getting in to. Quote Link to comment Share on other sites More sharing options...
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