Loanpad P2P - Reviews, experiences, info or updates, post them here. I'm having a dabble.

Aceace

brucefan_2 said:

@Sea_Shell

My understanding is that deposits into a flexible ISA are only flexible within the time frame of the financial year of the deposits first being made and only back into the ISA from which the funds were withdrawn. But that is only my understanding. Others with greater/better knowledge may be able to confirm this or not as the case may be.

This is not correct. 

You can withdraw and replace funds in a flexible ISA regardless of when the original deposit was made, as long as the withdrawal and subsequent re-deposit was in the same tax year. 

brucefan_2

@Aceace

Thankyou - I stand corrected. Every day's a learning day.

Thankyou also for your most recent quarterly update at the other place.As always it was an interesting read (and re-read)

Sea_Shell

Aceace said:

brucefan_2 said:

@Sea_Shell

My understanding is that deposits into a flexible ISA are only flexible within the time frame of the financial year of the deposits first being made and only back into the ISA from which the funds were withdrawn. But that is only my understanding. Others with greater/better knowledge may be able to confirm this or not as the case may be.

This is not correct. 

You can withdraw and replace funds in a flexible ISA regardless of when the original deposit was made, as long as the withdrawal and subsequent re-deposit was in the same tax year. 

So, if , after 6th April, I pulled out say £5k, but later that tax year I put in £6k, only £1k would count towards my new £20k allowance?

Aceace

Sea_Shell said:

Aceace said:

brucefan_2 said:

@Sea_Shell

My understanding is that deposits into a flexible ISA are only flexible within the time frame of the financial year of the deposits first being made and only back into the ISA from which the funds were withdrawn. But that is only my understanding. Others with greater/better knowledge may be able to confirm this or not as the case may be.

This is not correct. 

You can withdraw and replace funds in a flexible ISA regardless of when the original deposit was made, as long as the withdrawal and subsequent re-deposit was in the same tax year. 

So, if , after 6th April, I pulled out say £5k, but later that tax year I put in £6k, only £1k would count towards my new £20k allowance?

Yes.

I withdrew over £50k from various ISAs this tax year, which I have now replaced to maintain the allowances.

Sea_Shell

They have also now got over £90 million in lender funds on the platform.

5351 lenders, with an average of £16,830 each.  

Of the total, £87.65 million is lent out.

Sea_Shell

Things are ticking along with Loanpad, and my investment with them.   

I have about 5.8% of my investable assets with them, and if taken as a couple, that represents just 3% of Joint.

I might add a little more, this tax year, but will probably look to keep my % below 7%

No updates yet on when they will be rolling out their new software, that will allow for daily auto-invest of interest, rather than only in chunks of £10.

Sea_Shell

Sea_Shell said:

They have also now got over £90 million in lender funds on the platform.

5351 lenders, with an average of £16,830 each.  

Of the total, £87.65 million is lent out.

From April 24 to now...

They have over £93.5m in lender funds

5476 lenders, with an average of £17,089 each

Of the total, over £92.5m is lent out.

ircE

Would anyone be kind enough to suggest some initial reading material and other resources for someone new to P2P, particularly through an ethical/ESG/impact investment point of view? I'm finding it difficult to find anything online not produced by market participants.

For context, I started investing into an ethical provider (via S&S ISA) a year or so ago, which takes a bundle-of-funds approach. I am thinking about switching my investments to a global equity tracker, and alongside it direct a (small) % of my monthly investments to (an) ethical P2P investment(s) via an Innovative Finance ISA.

Aceace

Off the top of my head, I think that these two are probably as close as you're likely to get:

https://www.4thway.co.uk/candid-opinion/assetz-exchange-review/

https://www.qardus.com/

Sea_Shell

Latest interview with Louis Schwartz here...

https://www.youtube.com/live/nNdMTY_oe5A?si=LwdMqoJX0piaKIOk

LP continue to be solid, IMO, and they seem to be running a very tight ship.    Long may it continue.

Very happy with them and I will continue with my investment, maybe even add to it a little.   I've current got about 6% of my personal investable assets with them, so some wiggle room to increase to 10%, and remain a 'novice' investor.