Peer-to-peer lending sites: MSE guide discussion

MrKirk

Alexland said:

Another is Kuflink who often run good new customer offers and returned my money with growth as promised.

I can't really vouch for any of them as the whole P2P market looks flawed, marketing high risk investments as almost cash equivalent products and now considering the deteriorating economic outlook.

Thank you very much for the information.

Indeed, in today's market conditions it is very difficult to find worthy investment instruments.

Alexland

MrKirk said:

Indeed, in today's market conditions it is very difficult to find worthy investment instruments.

The stock market is running a "nearly 20% off discount" at the moment where the maximum capital loss of a diversified S&S portfolio is significantly less than with P2P. Regardless of what happens in the next few months I consider it a very worthy long term investment opportunity especially when combined with advantageous tax wrappers such as LISAs and Pensions.

shoi

MrKirk said:

... I would like to find p2p sites that provide real estate loans, secured loans. As an example, relendex

I suggest you join p2pindependentforum.com  and or p2pfrank.com    There you will find a board for each platform

keyboardworrier

Withdrawals from the Assetz Capital Access Accounts have been restricted for the first time.

masonic

keyboardworrier said:

Withdrawals from the Assetz Capital Access Accounts have been restricted for the first time.

Interesting, I've got a couple of queued withdrawals from the 90DAA supposed to be happening before the end of the month. Puts all those emails I've been getting from P2P companies tempting me to invest more money for the "stable" returns (unlike those nasty equities) into context.

Shedman

keyboardworrier said:

Withdrawals from the Assetz Capital Access Accounts have been restricted for the first time.

We put in withdrawal instructions yesterday to take out the bulk of our monies from the Quick Access account yesterday evening and received email confirming withdrawal request.  Not had any emails today to say it's being held so fingers crossed it's being processed (be the first thing that's gone right for a while if I got that timing right  )

drphila

masonic said:

keyboardworrier said:

Withdrawals from the Assetz Capital Access Accounts have been restricted for the first time.

Interesting, I've got a couple of queued withdrawals from the 90DAA supposed to be happening before the end of the month. Puts all those emails I've been getting from P2P companies tempting me to invest more money for the "stable" returns (unlike those nasty equities) into context.

AC's representative on the p2pindie forum has confirmed that:

"..... queued withdrawals from the notice accounts will enter the QAA withdrawal queue when they mature.  They will then sit in that queue waiting their turn until sufficient cash is available to move them to the cash account."

keyboardworrier

masonic said:

keyboardworrier said:

Withdrawals from the Assetz Capital Access Accounts have been restricted for the first time.

Interesting, I've got a couple of queued withdrawals from the 90DAA supposed to be happening before the end of the month. Puts all those emails I've been getting from P2P companies tempting me to invest more money for the "stable" returns (unlike those nasty equities) into context.

I know you were joking about the nasty equities but give me those any day over P2P which has become bargepole territory for me now!!

Nardge

Folks, 

Is the consensus to aim to withdraw all P2P investments? 

Are Business P2P investments riskier than Property Development ones in the coronavirus scenario, and should they thus be liquidated first? 

With Kind Regards

ZeroSum

Nardge said:

Folks, 

Is the consensus to aim to withdraw all P2P investments? 

Are Business P2P investments riskier than Property Development ones in the coronavirus scenario, and should they thus be liquidated first? 

With Kind Regards

Problem being is that if everyone panics & wants their money back it just makes the situation worse.