Worrying changes at Zopa?

amcluesent

Any other Zopa lenders here? I can't fathom them removing options to loan at 12 and 24 months, obliging lenders to be 'in' for a minimum of 36 months. Making these changes at the same time as the credit-crunch with a spurious explanation suggests a wheel is coming off. IMHO get out of the lending game on Zopa, the risk/reward just isn't kosher.

planemad

I totally agree.
I don't think that Zopa have even been that cheap on their rates for lenders.

Biggles

Hopefully, when they refer to the 'new, simplified, Zopa', they mean that in future, when your statement tries to add £0.01 and £0.01, it will arrive at £0.02 instead of, at present, £0.01 or £0.03.

It's a complete dog's breakfast.