Peer-to-peer lending sites: MSE guide discussion

shoi

Mintos for one have buyback on some loans (not that I personally altogether trust Mintos who are too intertwined with at least some of their loan introducers, and have been known to redeem loans which were paying a high rate of interest and then offer them out again at lower rates, in the process shafting lenders who had bought the loans on the SM at a premium)

Jordan_Stodart

Thansk @shoi. Quite a few similar platforms to Mintos who offer buyback I've noticed. Interesting to see how reg framework develops in Baltic countries where platforms have sprung up en masse in recent years - particularly given the double digit returns on offer! Potentially good options to diversify exposure and currency, however.

takesyourchances

I see a lot for sale after the update on the Newcastle loan today on moneything. MT has not been that great as of late, I have withdrew some re-paid funds and put them into my S&S ISA when little has been happening.

I took a bit of the loan on Ablrate today, already got money with this borrower so was a smaller top up. Not sure on the boat company loan.

It seems that a lot of the loans across Collateral, MT and Ablrate are not as attractive of late compared to earlier in the year. I have been putting some into the 7% accounts on Assetz Capital when the others have been a bit more quiet or not of interest.

At the moment I am not sure how much more to put into p2p and I would want to see some of the defaults at MT returned or concluded as well with this platform before putting more into them..

Thanks.

takesyourchances

Happy New Year to everyone just got my collateral interest payment and some repayments into Moneything, at the moment nothing at present on those platforms is of interest to put this money into so going to recycle these into my Assetz Capital account.

Hopefully these two platforms pick up again this year.

Is any of your P2P plans changing or staying the same for the year ahead?

TheShape

takesyourchances wrote: »

Happy New Year to everyone just got my collateral interest payment and some repayments into Moneything, at the moment nothing at present on those platforms is of interest to put this money into so going to recycle these into my Assetz Capital account.

Hopefully these two platforms pick up again this year.

Is any of your P2P plans changing or staying the same for the year ahead?

Happy New Year.

Had my Collateral Interest too. Waiting for something to come available on the SM that I want to invest in.

2017 has been spent building my p2p portfolio which now stands at approx £26k. On average that's approx £2.5k invested per month in p2p since February which I've funded partly through current savings and from income. That's not something that I will (or can) continue through this year as I will be turning my attention to funding a S&S LISA for which I'll need £4k per year. I also hope to increase contributions to my SIPP so I won't have the funds to increase my p2p portfolio beyond perhaps reinvesting the interest.

My p2p returns have been very good so far but if I'm honest, £26k is far too high a proportion of my investments to be sensible and the 25% govt bonus on the LISA provides the perfect opportunity to address the imbalance.

takesyourchances

TheShape wrote: »

Happy New Year.

Had my Collateral Interest too. Waiting for something to come available on the SM that I want to invest in.

2017 has been spent building my p2p portfolio which now stands at approx £26k. On average that's approx £2.5k invested per month in p2p since February which I've funded partly through current savings and from income. That's not something that I will (or can) continue through this year as I will be turning my attention to funding a S&S LISA for which I'll need £4k per year. I also hope to increase contributions to my SIPP so I won't have the funds to increase my p2p portfolio beyond perhaps reinvesting the interest.

My p2p returns have been very good so far but if I'm honest, £26k is far too high a proportion of my investments to be sensible and the 25% govt bonus on the LISA provides the perfect opportunity to address the imbalance.

Thanks and Happy New Year too!

I have withdrawn my Collateral interest and my repayment from Moneything while no new loans of interest are on those platforms. I must tally all my P2P up as it's been a few months from I have, I think I would be around 15k-16k and the last year returns have been very good as well. Like you I built my P2P up mainly over last year, although you have more invested than me.

I don't see me adding at the same pace of last year either, I was using cash savings as well and income and I did not invest as much in my S&S ISA as normal last year, but I did turn my attentions back to it the last quarter more and even over the Christmas period adding a reasonable amount into my S&S ISA.

Out of Collateral, Moneything and Albrate recently, I was adding more into Ablrate into the ISA, Collateral was more static with new money, I have 5k in it and Moneything has been more withdrawing repayments as I have not liked a lot of the new loans recently. So out of those 3 at the moment Albrate has been my favourite.

I will re-invest my P2P interest and add when new loans of interest come up. but not as heavy as last year. If the defaults this year are not too heavy, returns should still be good.

It is good to get your thoughts too on your direction and with your SIPP and your S&S LISA. I have a personal goal also to see my overall stocks and shares investments reach the 100K landmark so I will need to keep adding as well to make that happen

Lets hope we all have a good year!

Jordan_Stodart

takesyourchances wrote: »

Happy New Year to everyone just got my collateral interest payment and some repayments into Moneything...

Is any of your P2P plans changing or staying the same for the year ahead?

Happy New Year to everyone! I'll be investing in a diversified P2P portfolio comprised of a few major UK platforms. I'm biased, as the product is being launched by the company I work for, but I like the idea of diversifying exposure across platforms without manually selecting and lending (no plug, just stating my personal plan )

takesyourchances

Jordan_Stodart wrote: »

Happy New Year to everyone! I'll be investing in a diversified P2P portfolio comprised of a few major UK platforms. I'm biased, as the product is being launched by the company I work for, but I like the idea of diversifying exposure across platforms without manually selecting and lending (no plug, just stating my personal plan )

Happy New Year to you as well your plan sounds good for this year and best of luck with it all that option I am sure would suit some people ok.

I read Ablrates update email today, any thoughts anyone on their new upcoming portfolio loans? I will certainly have a look along with manuel investing as normal.

Thanks

thenewcomer

thinking of investing on abundance, but they only pay out interests every few months

takesyourchances

Is anyone investing in Ablrates new portfolio loans and any thoughts on these?

I have invested £500 so far and thinking to invest some more, interested if others have. Also when single loans are dry, I would like to reinvest interest into the portfolio loan.

Thanks