looking to invest in London Capital Finance

gajones

I have been looking to invest £5000 and have found London Capital Finance offering 8% per year for fixed 3 year Bond.
Has anyone saved with this provider and are they ok?
thanks

Pincher

Seek, and ye shall find.

ColdIron

Do a search for them on this board but basically they are not OK. This is not a savings product and you could face 100% capital loss

eskbanker

gajones wrote: »

I have been looking to invest £5000 and have found London Capital Finance offering 8% per year for fixed 3 year Bond.
Has anyone saved with this provider and are they ok?
thanks

Just out of curiosity, how did you find them, i.e. what did you search for in Google or wherever?

jimjames

gajones wrote: »

I have been looking to invest £5000 and have found London Capital Finance offering 8% per year for fixed 3 year Bond.
Has anyone saved with this provider and are they ok?
thanks

If you're looking for investments not savings and are fully aware that you could lose 100% of your money then go ahead.
Out of interest why aren't you looking to invest in standard stock market investments where the risks are vastly less and can be protected inside a S&S ISA?

dunstonh

Has anyone saved with this provider and are they ok?

It is not a savings product and they are not a provider (provider is a term used for provision of regulated retail financial products - they do not provide retail financial products).

This company appears a lot on this forum and you can search for them to find the same responses each time.

Superscrooge

Disclaimer on their website. https://www.londoncapitalandfinance.co.uk/disclaimer

Investing in the Bonds carries significant risk and you may lose part or all of your investment. Investors should note that repayment of the bonds offered by London Capital & Finance Plc, and the payment of interest on the bonds, depends on the performance of loans made by London Capital & Finance to various small and medium sized borrowers. In the event that these borrowers default on the loans, investors are likely to lose some or all of their investment. Investment in the bonds of London Capital & Finance Plc is therefore speculative and involves a significant degree of risk.

---

So if you are happy to accept the risk of losing all your investment then go ahead and invest.

bail-in

LONDON CAPITAL AND FINANCE MINI-BOND REVIEW

A two part independent review of the LC&F company and mini-bond investment is posted in another current London Capital and Finance thread in the Savings and Investments forum. The links to the review, both parts 1 and 2 are as follows:

https://forums.moneysavingexpert.com/discussion/comment/72739908#Comment_72739908
https://forums.moneysavingexpert.com/discussion/comment/72739908#Comment_72739908

Any replies you wish to post having visited the above links, please do so on the above post link in that currently active main thread. The link in the following post by Reaper is no longer valid.

Reaper

Since it was rather wordy I'm not sure how many people will actually read it, but here's the link to it anyway to try and connect some of the LCF threads. But I suggest sticking to the main one rather than reviving old ones.
http://forums.moneysavingexpert.com/showpost.php?p=72739823&postcount=99