Peer-to-peer lending sites: MSE guide discussion

masonic

Fatbritabroad wrote: »

ablrate ifisa (i withdraw periodically in this and repay as it's flexible) fully diversified between borrowers (not loans)

How do you manage that? There aren't many unique borrowers to choose from. I have an ABL ISA and have had to flexibly withdraw £4k because I'm at my limit for several of the connected borrowers.

Was thinking either Kufflink or one of the property crowd funding sites like british pearl although I've considered property partner despite the lack of isa . What sites would people recommend I consider next and why

I use Kuflink, but I wouldn't take out an ISA because they don't allow Self Select loans to be held in them, and their black box offerings are IMHO quite poor.

Likewise RS is not somewhere where I'd hold an ISA, but I'll lend at >6.4% in the 5 year market.

Did you never invest with MoneyThing?

Fatbritabroad

masonic wrote: »

How do you manage that? There aren't many unique borrowers to choose from. I have an ABL ISA and have had to flexibly withdraw £4k because I'm at my limit for several of the connected borrowers.


I use Kuflink, but I wouldn't take out an ISA because they don't allow Self Select loans to be held in them, and their black box offerings are IMHO quite poor.

Likewise RS is not somewhere where I'd hold an ISA, but I'll lend at >6.4% in the 5 year market.

Did you never invest with MoneyThing?

Re ablrate by building veeeeeeery slowly lol

No I never invested with money thing yet I'll take a look

masonic

Fatbritabroad wrote: »

No I never invested with money thing yet I'll take a look

It's currently suffering from not a lot of new loan flow at the moment, but should be ok if investing over a tax year.

Fatbritabroad

Is there a secondary market to invest in existing loans?

masonic

Fatbritabroad wrote: »

Is there a secondary market to invest in existing loans?

Yes there is, but not much available right now (some property development loans only, which are out of favour everywhere). At the moment you can only trade at par, there are plans to allow discounts and eventually premiums, which should help a little. The SM is quite competitive - loan parts listed for sale are usually snapped up within seconds.

fun4everyone

Fatbritabroad and others you might consider this new offer from growth street which is very good imo. Not going to link it here but £2000 invested for a year gets a £200 bonus. No referral required (but referrals do generate an extra £200 bonus for the person doing the referring).

Masonic just had to say as I don't want to appear rude - I am not ignoring your posts in the bitcoin thread. You make good points which make for a proper discussion and you obviously have a genuine understanding of bitcoin but i should not even have posted in there in the first place. If there is one thing about MSE it is usually intelligent people can show extreme ignorance when that subject comes up and I cba flying in the face of it any more than I already have (not referring to you or your points).

Fatbritabroad

fun4everyone wrote: »

Fatbritabroad and others you might consider this new offer from growth street which is very good imo. Not going to link it here but £2000 invested for a year gets a £200 bonus. No referral required (but referrals do generate an extra £200 bonus for the person doing the referring).

Masonic just had to say as I don't want to appear rude - I am not ignoring your posts in the bitcoin thread. You make good points which make for a proper discussion and you obviously have a genuine understanding of bitcoin but i should not even have posted in there in the first place. If there is one thing about MSE it is usually intelligent people can show extreme ignorance when that subject comes up and I cba flying in the face of it any more than I already have (not referring to you or your points).

Yes just seen that will take a look

masonic

fun4everyone wrote: »

Fatbritabroad and others you might consider this new offer from growth street which is very good imo. Not going to link it here but £2000 invested for a year gets a £200 bonus. No referral required (but referrals do generate an extra £200 bonus for the person doing the referring).

Thanks, I don't like to miss an opportunity to hoover up some free cash.

Masonic just had to say as I don't want to appear rude - I am not ignoring your posts in the bitcoin thread. You make good points which make for a proper discussion and you obviously have a genuine understanding of bitcoin but i should not even have posted in there in the first place. If there is one thing about MSE it is usually intelligent people can show extreme ignorance when that subject comes up and I cba flying in the face of it any more than I already have (not referring to you or your points).

That's ok, you'll probably see from the bipolar nature of my posts there that I don't have an axe to grind either way.

Alexland

fun4everyone wrote: »

If there is one thing about MSE it is usually intelligent people can show extreme ignorance when that subject comes up and I cba flying in the face of it any more than I already have (not referring to you or your points).

If it's any consolation I've stopped replying on that thread too so at least we agree on something :-)

Alex

Fatbritabroad

I quite like the look of bond Mason but the lack of an isa makes it a non starter for me