Peer-to-peer lending sites: MSE guide discussion

pafpcg

The best source of comments on lenders' experiences of P2P is at https://p2pindependentforum.com

By the way, Assetz Exchange is entirely devoted to offering loans on property, so wouldn't match your criteria for "non property-oriented firms".

cfw1994

We we still have a small amount with kuflink - seems to have performed very well for quite a few years, but never had the nerve to invest more than a little play sum.  Not sure why not, tbh….

Money_Grabber13579

I’ve abandoned peer to peer entirely, having been burnt with The House Crowd. FCA regulation didn’t stop their dodgy practices, but what I can’t understand is why LC&F investors were offered compensation whilst everyone else in other schemes have not been.

Sea_Shell

I'm in Loanpad.   Since November 2021.   A low 5 figure sum.   Well within my 10% "novice" status.

I've been very happy with them.    They seem very well run, and I like the way they do things.   

There is always that nagging doubt of safety, and that's what holding me back from putting more in.    Happy to let the interest accrue and I do add odd amounts here and there.   Especially "new" money, from interest elsewhere etc.

That P2P forum is very informative too.   I'm not a member, but I do read it regularly, especially anything about Loanpad.

stehouk

I used several platforms and it worked out ok for me but i' have a loan in recovery to high st solicitors for 6 yrs now through Archover, they stopped all payments over a 1yr ago, not looking like i am going to have it repaid so all my profit will be gone.

Aceace

The CEO of CrowdProperty is being interviewed live on FinancialThing tonight at 19:30. You can ask questions via comments. 

https://www.youtube.com/live/7xvsQMgjDs4?si=LRaS8JVO7CQ_sza6

tomedinburgh

I've been in P2P since late 2019, currently invested in Loanpad, CrowdProperty, Kuflink, LandlordInvest, CapitalRise, Proplend, Qardus, AxiaFunder, CapitalStackers, Unbolted, Assetz Exchange, and Elfin Market.

Enjoying the experience, but conscious of the risks.

redpete

Currently in 3 P2P providers.

• Loanpad - mostly property development loan, relatively low returns but controlled risk with low LTV on the loans.
• Unbolted - loans backed on assets such as art, watches, jewellery, a few defaults with the asset not reaching expected value (especially watches) but reasonable return for the risk. Can take time for new funds to be invested.
• Lendwise - academic loans with no security, good diversification with so far very few defaults. 

Alexland

It's been 5 years since I was last in P2P and it's interesting to see the survivors.

I'm tempted to chuck a grand in a Kuflink auto invest ISA at 10.25%.

I had a good experience with them last time and their companies house filings look in good order. I like that the directors have been reinvesting the growing business profits back into the business capital for if any loans go bad.

No cashback this time but worth a punt?

longleggedhair

I was in Zopa & Ratesetter pretty much from day one. They performed reasonably well but sadly both closed their P2P side and I had a full capital return. Currently with Loanpad (my only P2P) and they are very good. The portfolio seems well managed and they run a good show. However I only have about £6000 as I’m slightly nervous to put any real money in as the additional interest isn’t sufficient to cover the risk IMO.