London Capital and Finance

dunstonh

They are member of FCA reg no 722603 - whatever that means.

It means very little if the product being sold is not a regulated retail packaged product.

I am trying to keep safe, savings for personal health care in future as I have life-quality-reducing and life-limiting condition.

So, what they offer is totally unsuitable for you.

Sledger

A previous comment made here states that LCF record on interest for the last 3 years is sound. I have just received my due interest and assuming this trend continues, after 3 years I will have received 24% back in interest l(less tax) reducing a 100% capital risk loss as stated elsewhere on this forum.. Assuming typical interests earned elsewhere are 1%+ compared to LCF 8% were frozen, and LCF continued in business, the break even risk free point to recoup my capital is about 15-16 years (Ignoring Interest compounding and after Tax) . its then interest $$$$$$$ plain sailing from there on with the " secured" capital being returned as a bonus. Any legitimate business wants to succeed and grow and the fundamentals . of matching lenders with investors. and get a operating margin seems sound. and LCF appear to be growing as per their expectations. The hard bit to accept here is our conditioning to anybody offering high interest way above the norm sets up alarm bells and caution. I am remaining positive with LCF and have taken that risk

dunstonh

Sledger wrote: »

A previous comment made here states that LCF record on interest for the last 3 years is sound. I have just received my due interest and assuming this trend continues, after 3 years I will have received 24% back in interest l(less tax) reducing a 100% capital risk loss as stated elsewhere on this forum.. Assuming typical interests earned elsewhere are 1%+ compared to LCF 8% were frozen, and LCF continued in business, the break even risk free point to recoup my capital is about 15-16 years (Ignoring Interest compounding and after Tax) . its then interest $$$$$$$ plain sailing from there on with the " secured" capital being returned as a bonus. Any legitimate business wants to succeed and grow and the fundamentals . of matching lenders with investors. and get a operating margin seems sound. and LCF appear to be growing as per their expectations. The hard bit to accept here is our conditioning to anybody offering high interest way above the norm sets up alarm bells and caution. I am remaining positive with LCF and have taken that risk

If legitimate, why do they market unregulated 100% capital at loss investments in a style that is designed to confuse savers looking for fixed term deposits?

Interest rates on risk based investments generally reflect the risk of default when compared to risk free assets.

It is fine that you are happy with a 100% loss based unregulated investment. You know that you could lose the lot and if and when that happens (as has happened with similar companies taking such an approach) then you can afford to lose it as nobody would put a lot of money in this sort of thing. General guidance is no more than 5% of your investable assets. Losing 5% wont hurt much.

bigadaj

Sledger wrote: »

A previous comment made here states that LCF record on interest for the last 3 years is sound. I have just received my due interest and assuming this trend continues, after 3 years I will have received 24% back in interest l(less tax) reducing a 100% capital risk loss as stated elsewhere on this forum.. Assuming typical interests earned elsewhere are 1%+ compared to LCF 8% were frozen, and LCF continued in business, the break even risk free point to recoup my capital is about 15-16 years (Ignoring Interest compounding and after Tax) . its then interest $$$$$$$ plain sailing from there on with the " secured" capital being returned as a bonus. Any legitimate business wants to succeed and grow and the fundamentals . of matching lenders with investors. and get a operating margin seems sound. and LCF appear to be growing as per their expectations. The hard bit to accept here is our conditioning to anybody offering high interest way above the norm sets up alarm bells and caution. I am remaining positive with LCF and have taken that risk

The problem is that the return isn't that great for the risk you are taking on.

You compare this with p2p in your other post, but I'm invested in a number of p2p loans across three platforms it's returns of 10-14%, all of which is secured on property, assets, cars, pawned items etc.

jimjames

Sledger wrote: »

A previous comment made here states that LCF record on interest for the last 3 years is sound. I have just received my due interest and assuming this trend continues, after 3 years I will have received 24% back in interest l(less tax) reducing a 100% capital risk loss as stated elsewhere on this forum.. I am remaining positive with LCF and have taken that risk

You seem to be missing one critical word - namely IF. Have a read of the other similar "investments" on the forum, and you might change your mind about the chances of getting back even 24% of your investment.

It's always positive until you find you can no longer contact them and have not received any money back.

zeero

Is the company really a PLC ?

Financial information on the company available on line for past year:
London Capital & Finance Plc
The Old Coach House Eridge Park, Eridge Green, Tunbridge Wells, Kent TN3 9JS,
Status ACTIVE
Type Other
Cash £8
Total Assets £1,252,404
Liabilities £-695,006
Net Worth £40,944

eskbanker

Answered on the other thread at https://forums.moneysavingexpert.com/discussion/comment/71665855#Comment_71665855

zeero

thank you ..

ricey155

google searched this post, interesting read if this isn't the best investment oppo then you mention P2P options can you guide us on them ? live thread maybe

Eco_Miser

Search this forum for "P2P". There are threads for each of the major platforms.