Peer-to-peer lending sites: MSE guide discussion

jamesd

Interesting comment by Martin Lewis: outside the formal article context in reply to a comment about P2P vs savings account: "The two things aren't comparable. One is saving. One is investing. I'm a huge fan of peer to peer but it is a different asset class with a different level of risk". Not really a surprise because he's had a good deal more time to use P2P than at the time the article was initially written.

justme111

Sent £3000 to funding circle , switched on autobid. Wish me luck . Did not go for a ablrate as there were only a couple of loan options available there (apart from secondary market but as I do not understand it well I did not want to use that option). Did not go for zopa or ratesetter as was not interested in safeguard fund options and did not see autobid option on those. Comments welcome.

nushnush

justme111 wrote: »

Sent £3000 to funding circle , switched on autobid. Wish me luck . Did not go for a ablrate as there were only a couple of loan options available there (apart from secondary market but as I do not understand it well I did not want to use that option). Did not go for zopa or ratesetter as was not interested in safeguard fund options and did not see autobid option on those. Comments welcome.

hi, my first choice would have bee ratesetter for the first £1000, only because of the startup bonus, you would have been close to 14% return after 1 year, then if you have a partner you could have invited him/her and they would have got £100 bonus for £1000 invested for the first year and you would have got another £50 bonus. i havnt used FC so dont know if you get any intro offers from them.
just my way of doing things, i am sure others would do things differently, welcome to P2P

taylornj

nushnush wrote: »

hi, my first choice would have bee ratesetter for the first £1000, only because of the startup bonus, you would have been close to 14% return after 1 year, then if you have a partner you could have invited him/her and they would have got £100 bonus for £1000 invested for the first year and you would have got another £50 bonus. i havnt used FC so dont know if you get any intro offers from them.
just my way of doing things, i am sure others would do things differently, welcome to P2P

From T&C....

The welcome bonus will be available for all eligible customers who have registered their account before midnight on 06.10.2016

I think the £50 bonus might have been reduced.

Before using ratesetter, expecting bonuses, ensure you read the T&C and offers are in place or reinstated, you could be disappointed otherwise.

nushnush

taylornj wrote: »

From T&C....

I think the £50 bonus might have been reduced.

Before using ratesetter, expecting bonuses, ensure you read the T&C and offers are in place or reinstated, you could be disappointed otherwise.

i did when i joined and i am fine for the bonus. didnt know it had changed though

ive just checked and this is what t and c i can see

Terms and Conditions
It may not be fun but we want to make sure you are aware of the terms and conditions relating to this offer. If you are unsure about anything just give us a call.

This offer is only open to new customers who register via the link provided.
To be eligible for the bonus you must match a minimum of £1,000 within 30 days of opening an account.
You can request to withdraw your money at any time, but you must keep a minimum of £1,000 invested for 1 year to qualify for your bonus.
You can make your investment in any of our markets to qualify (Rolling, 1 Year, 5 Year) and can split the investment across more than one market if you like.
Your bonus will be deposited into the Rolling Market at the Market Rate within 14 days of qualifying.
The Rolling Market will reinvest your £100 bonus each month automatically. You can change investment settings and request to withdraw your money at any time.

taylornj

I am going by this...

https://www.ratesetter.com/welcome-bonus

Could be just not consistent web content. Guess going to have to ask to confirm. From p2pindentforum I did find reference to the welcome-bonus ending, but unclear if the "refer a friend bonus" also stopped.

justme111

Thank you for your replies. I been reading p2p forums for the last few days , very interesting

mikebeaches

I invested a grand in P2P Investment Trust in mid-October 2015 - currently nursing a 23% loss. Considering selling if it gets to 25% down, but otherwise sitting tight.

TallGirl

In case anyone is interested the £100 bonus as it is now back. I joined 2/1 and my accounts shows the £100 bonus of I comply with the t&c:

Terms and Conditions
Customers opening an account in 2017
The welcome bonus will be available for all eligible customers who have registered their account after midnight on 01.01.2017
This offer is open only to new customers, who invest a minimum of £1,000, matched within 30 days of opening an account, and kept on the market for at least 1 year

This offer is available only for customers, who invest in any of our Everyday account products (Rolling, 1 Year, 5 Year market) and not for those investing in our SIPP product
You can split the investment across more than one market if you like
You can request to withdraw your money at any time, but you must keep a minimum of £1,000 in the account to qualify for your welcome bonus
Your welcome bonus will be deposited into the Rolling market after 1 year, at the Market Rate within 1 week of qualifying
The Rolling market will reinvest your £100 welcome bonus each month automatically. You can change investment settings and request to withdraw your money at any time

Minimalist1978

what does it mean by "matched withing 30 days of opening an account" ?