Peer-to-peer lending sites: MSE guide discussion
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Thought from the P2P indie forum that Kuflink had no skin in the game now with new loans going forward...
No they changed position following the reaction to the change - see p2pindependentforum.com/post/265788/thread.
I'm still not adding any new funds there at present though.0 -
Thought from the P2P indie forum that Kuflink had no skin in the game now with new loans going forward hence the 100% availability.And the 20% "guarantee" is in the form of a provision fund.
would agree about Landbay and their cashback on queue being good but they do seem to be funding new money quicker over the last year and have just joined the L&G mortgage panel among others which should help.
I use Landbay, however the rates are even lower than Octupus Choice!
I invested when you could get the 50.00 for depositing 1k, I would not have bothered putting in 5k for figures that hover around 3.5% at best.
Platform does seem fairly low risk, but I believe without FSCS protection 3.5% ballpark for P2P is too low for the risk - a Tesco bank account will pay 3% as a comparison.0 -
fun4everyone wrote: »Is it worthwhile emailing them and registering as an investor? They mention doing that in a pdf I read.
Surely we will not have to do that to get whatever is due to us.
I'd rather they used their time as efficiently as possible.0 -
Assetz Capital are now offering very decent rates for their instant access (in normal market conditions!) and 30day accounts - the quick access account now pays 4.1% and the 30 day account pays 5.1%0
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Honestly? That seems a very dangerous way of picking a platform.
"I don't care if the rates are terrible for the risk, look at the shiny pen the nice salesman gave me!"0 -
I was referred to Kuflink and Have invested £500.
Hopefully receive my £100 bonus in 14 to 21 days.
In the meantime I have a choice to invest my £500 in either "Select invest" which pays up to 7.2% P/A but is riskier than the other 2 options.
"Auto invest" or "IFISA" both pay the same 3.99% P/A for a 1 year investment.
For such a small investment of £500 I do not think it is worth investing in the IFISA as I will not be paying any tax on interest this year.
I am veering towards the Auto invest option as the higher risk Select invest would only be an extra £16 P/A maximum.
Any thoughts?0 -
I was referred to Kuflink and Have invested £500.
Hopefully receive my £100 bonus in 14 to 21 days.
In the meantime I have a choice to invest my £500 in either "Select invest" which pays up to 7.2% P/A but is riskier than the other 2 options.
"Auto invest" or "IFISA" both pay the same 3.99% P/A for a 1 year investment.
For such a small investment of £500 I do not think it is worth investing in the IFISA as I will not be paying any tax on interest this year.
I am veering towards the Auto invest option as the higher risk Select invest would only be an extra £16 P/A maximum.
Any thoughts?
In your first line do you mean you've deposited £500 or invested £500, if you haven't invested anything yet then I'd go autoinvest as the full £500 has to be invested I believe within 24 hours of any initial amount so picking specific investments can lead to be a bit of uncertainty on the bonus qualifications.0 -
In your first line do you mean you've deposited £500 or invested £500, if you haven't invested anything yet then I'd go autoinvest as the full £500 has to be invested I believe within 24 hours of any initial amount so picking specific investments can lead to be a bit of uncertainty on the bonus qualifications.0
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Yes I meant I deposited £500 yesterday.0
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In your first line do you mean you've deposited £500 or invested £500, if you haven't invested anything yet then I'd go autoinvest as the full £500 has to be invested I believe within 24 hours of any initial amount so picking specific investments can lead to be a bit of uncertainty on the bonus qualifications.0
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