Any LCF investors?

Adly812

With an 8% interest isa for 3 years it’s appealing and I’m keen to invest with LCF. Does anyone have any experience with them or advice?

YorkshireBoy

All the "advice" I'd need may be found here...

https://www.londoncapitalandfinance.co.uk/disclaimer

If you want a second opinion, search the boards for the many posts such as yours asking about LCF.

Adly812

Thank you , I was looking st their ISA https://www.londoncapitalandfinance.co.uk/isa?utm_source=google&utm_medium=cpc&utm_campaign=Compare-ISA&utm_content=TIR

And just wanted to fetch experience

Superscrooge

This is the important bit of the disclaimer you need to focus on

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 Plc 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.

dunstonh

For me, investing in an unregulated 100% loss potential high-risk asset with no FSCS protection to get just 8% is not worth the risk unless if was for just a very small amount (FCA guidance is no more than 5% and only with people that can afford the 100% loss).

jimjames

Smb3088 wrote: »

Thank you , I was looking st their ISA https://www.londoncapitalandfinance.co.uk/isa?utm_source=google&utm_medium=cpc&utm_campaign=Compare-ISA&utm_content=TIR

And just wanted to fetch experience

Have you been seduced by this advert? Highly misleading and likely to be luring people in who have no idea what they have signed up to. As per previous posts if you're prepared to lose all your money why not invest it instead so you at least have FSCS protection?



http://damn-lies-and-statistics.blogspot.co.uk/2018/04/top-savings-isa-rates-8-percent.html

Malthusian

At the last market price you can get 8.9% from Friends Provident plc 3-year bonds (now part of Aviva), with the same risk of losing all your money, but in a far more established company and with far far more liquidity.

What is it about London Capital & Finance's financial strength that made you think it was a safer bet - and therefore requiring lower coupons to attract your money - than Aviva?