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  • jamesd
    I don't know, maybe an anticipated sale fell through? (shrug) Agree that an extension seems like a better move for the borrower, though since I don't know what was happening, maybe not.
    • shoi
    • By shoi 16th Oct 17, 12:45 PM
    • 133 Posts
    • 35 Thanks
    shoi
    The p2pif keep touting the possibility of getting sued by some borrower who feels libelled, and for that reason they have insisted that borrowers names are hidden like this b******r, which makes it extremely hard to follow or find other people's opinions.

    Does anyone know if this is a realistic hazard?
    • Flobberchops
    • By Flobberchops 16th Oct 17, 2:16 PM
    • 747 Posts
    • 535 Thanks
    Flobberchops
    Shoi - the convention of censoring out borrower identity seems a bit ridiculous to me, especially as many platforms will openly show loan information on their public sites. Lenders are at greater risk than borrowers so surely we should have the prerogative of more transparency. When it comes to P2PIF though; their house, their rules, even if I don't fully understand/approve.
    I work for a UK bank, but any comments made on this forum are solely my personal opinion. Caveat Emptor!
    • takesyourchances
    • By takesyourchances 23rd Oct 17, 10:41 PM
    • 653 Posts
    • 417 Thanks
    takesyourchances
    I see the aircraft loans are Ablrate are due to re-pay soon, which is a pity as was hoping they would pay to term and was actually topping up on them recently.

    Awaiting some new loans for Ablrate so hope they work in when these repay. I have not been as active with fresh cash in MT or Collateral in recent weeks, I see a MT loan was pulled, I decided against it anyway reading the P2P forum.

    Any thoughts on the Student loans still being filled on Collateral? I may put something in as have nothing in them. Asides all of this, nothing major with my P2P at the moment
    • TheShape
    • By TheShape 23rd Oct 17, 11:47 PM
    • 1,293 Posts
    • 1,103 Thanks
    TheShape
    I see the aircraft loans are Ablrate are due to re-pay soon, which is a pity as was hoping they would pay to term and was actually topping up on them recently.

    Awaiting some new loans for Ablrate so hope they work in when these repay. I have not been as active with fresh cash in MT or Collateral in recent weeks, I see a MT loan was pulled, I decided against it anyway reading the P2P forum.

    Any thoughts on the Student loans still being filled on Collateral? I may put something in as have nothing in them. Asides all of this, nothing major with my P2P at the moment
    Originally posted by takesyourchances
    I think you have to be very cautious buying at a premium on Ablrate. If a loan repays early, I think you could potentially lose money on that transaction.

    I invested in both the new loans at MT and have reinvested my returned investment from the withdrawn loan in the other. There is a major update on a Hotel & Restaurant loan due tomorrow, looks to be more bad news for MT.
    • takesyourchances
    • By takesyourchances 24th Oct 17, 12:34 AM
    • 653 Posts
    • 417 Thanks
    takesyourchances
    I think you have to be very cautious buying at a premium on Ablrate. If a loan repays early, I think you could potentially lose money on that transaction.

    I invested in both the new loans at MT and have reinvested my returned investment from the withdrawn loan in the other. There is a major update on a Hotel & Restaurant loan due tomorrow, looks to be more bad news for MT.
    Originally posted by TheShape
    Yes bit of a lesson there with premiums on Ablrate, it was several hundred, nothing too major but did not expect them to pay up early. So I could lose on that transaction as you said.

    I put some money into the loan with the 1% cash back. That sounds bad news on the Hotel and Restaurant loan due tomorrow, they really could do without more problems as it has been several of late. I must look it up, I am a bit behind on some of the news on things and between some defaults and loans pulled, it is not seeming too easy for MT in recent months.
    • takesyourchances
    • By takesyourchances 24th Oct 17, 12:41 AM
    • 653 Posts
    • 417 Thanks
    takesyourchances
    There is a major update on a Hotel & Restaurant loan due tomorrow, looks to be more bad news for MT.
    Originally posted by TheShape
    Just read it there, does not seem good. I have a small amount in that one. It won't help things if this defaults as well.
    • msallen
    • By msallen 24th Oct 17, 5:25 AM
    • 840 Posts
    • 922 Thanks
    msallen
    Just read it there, does not seem good. I have a small amount in that one. It won't help things if this defaults as well.
    Originally posted by takesyourchances
    I don't think there's much doubt it will default as the restaurant/hotel is in administration. However I have a lot more confidence in the valuation for this asset than many others so I expect we will eventually see all capital returned (and all the post-default interest too if it doesn't drag on too long).
    • bigadaj
    • By bigadaj 24th Oct 17, 12:32 PM
    • 10,816 Posts
    • 7,139 Thanks
    bigadaj
    I don't think there's much doubt it will default as the restaurant/hotel is in administration. However I have a lot more confidence in the valuation for this asset than many others so I expect we will eventually see all capital returned (and all the post-default interest too if it doesn't drag on too long).
    Originally posted by msallen


    I'm not so bullish on the full return of capital on this one.


    The valuation looks generous (don't they all), and given that lytham now looks as though it's going to result in a haircut to investors at what looked to me like a conservative valuation, then I have my doubts.
    • takesyourchances
    • By takesyourchances 24th Oct 17, 1:02 PM
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    • 417 Thanks
    takesyourchances
    I'm not so bullish on the full return of capital on this one.


    The valuation looks generous (don't they all), and given that lytham now looks as though it's going to result in a haircut to investors at what looked to me like a conservative valuation, then I have my doubts.
    Originally posted by bigadaj
    I'd agree, how many of these places are for sale after failing throughout the UK. I've a bit in but thankfully less than 1% of my p2p.
    • Jordan Stodart
    • By Jordan Stodart 20th Nov 17, 10:28 AM
    • 16 Posts
    • 4 Thanks
    Jordan Stodart
    Is anyone aware of any Eurozone P2P platforms that allow international investors AND offer a provision fund as security measure?? Thanks
    • shoi
    • By shoi 27th Nov 17, 8:32 AM
    • 133 Posts
    • 35 Thanks
    shoi
    Mintos for one have buyback on some loans (not that I personally altogether trust Mintos who are too intertwined with at least some of their loan introducers, and have been known to redeem loans which were paying a high rate of interest and then offer them out again at lower rates, in the process shafting lenders who had bought the loans on the SM at a premium)
    • Jordan Stodart
    • By Jordan Stodart 11th Dec 17, 12:21 PM
    • 16 Posts
    • 4 Thanks
    Jordan Stodart
    Thansk @shoi. Quite a few similar platforms to Mintos who offer buyback I've noticed. Interesting to see how reg framework develops in Baltic countries where platforms have sprung up en masse in recent years - particularly given the double digit returns on offer! Potentially good options to diversify exposure and currency, however.
    • takesyourchances
    • By takesyourchances 11th Dec 17, 8:00 PM
    • 653 Posts
    • 417 Thanks
    takesyourchances
    I see a lot for sale after the update on the Newcastle loan today on moneything. MT has not been that great as of late, I have withdrew some re-paid funds and put them into my S&S ISA when little has been happening.

    I took a bit of the loan on Ablrate today, already got money with this borrower so was a smaller top up. Not sure on the boat company loan.

    It seems that a lot of the loans across Collateral, MT and Ablrate are not as attractive of late compared to earlier in the year. I have been putting some into the 7% accounts on Assetz Capital when the others have been a bit more quiet or not of interest.

    At the moment I am not sure how much more to put into p2p and I would want to see some of the defaults at MT returned or concluded as well with this platform before putting more into them..

    Thanks.
    • takesyourchances
    • By takesyourchances 1st Jan 18, 6:08 PM
    • 653 Posts
    • 417 Thanks
    takesyourchances
    Happy New Year to everyone just got my collateral interest payment and some repayments into Moneything, at the moment nothing at present on those platforms is of interest to put this money into so going to recycle these into my Assetz Capital account.

    Hopefully these two platforms pick up again this year.

    Is any of your P2P plans changing or staying the same for the year ahead?
    • TheShape
    • By TheShape 1st Jan 18, 10:40 PM
    • 1,293 Posts
    • 1,103 Thanks
    TheShape
    Happy New Year to everyone just got my collateral interest payment and some repayments into Moneything, at the moment nothing at present on those platforms is of interest to put this money into so going to recycle these into my Assetz Capital account.

    Hopefully these two platforms pick up again this year.

    Is any of your P2P plans changing or staying the same for the year ahead?
    Originally posted by takesyourchances
    Happy New Year.

    Had my Collateral Interest too. Waiting for something to come available on the SM that I want to invest in.

    2017 has been spent building my p2p portfolio which now stands at approx 26k. On average that's approx 2.5k invested per month in p2p since February which I've funded partly through current savings and from income. That's not something that I will (or can) continue through this year as I will be turning my attention to funding a S&S LISA for which I'll need 4k per year. I also hope to increase contributions to my SIPP so I won't have the funds to increase my p2p portfolio beyond perhaps reinvesting the interest.

    My p2p returns have been very good so far but if I'm honest, 26k is far too high a proportion of my investments to be sensible and the 25% govt bonus on the LISA provides the perfect opportunity to address the imbalance.
    • takesyourchances
    • By takesyourchances 1st Jan 18, 11:30 PM
    • 653 Posts
    • 417 Thanks
    takesyourchances
    Happy New Year.

    Had my Collateral Interest too. Waiting for something to come available on the SM that I want to invest in.

    2017 has been spent building my p2p portfolio which now stands at approx 26k. On average that's approx 2.5k invested per month in p2p since February which I've funded partly through current savings and from income. That's not something that I will (or can) continue through this year as I will be turning my attention to funding a S&S LISA for which I'll need 4k per year. I also hope to increase contributions to my SIPP so I won't have the funds to increase my p2p portfolio beyond perhaps reinvesting the interest.

    My p2p returns have been very good so far but if I'm honest, 26k is far too high a proportion of my investments to be sensible and the 25% govt bonus on the LISA provides the perfect opportunity to address the imbalance.
    Originally posted by TheShape
    Thanks and Happy New Year too!

    I have withdrawn my Collateral interest and my repayment from Moneything while no new loans of interest are on those platforms. I must tally all my P2P up as it's been a few months from I have, I think I would be around 15k-16k and the last year returns have been very good as well. Like you I built my P2P up mainly over last year, although you have more invested than me.

    I don't see me adding at the same pace of last year either, I was using cash savings as well and income and I did not invest as much in my S&S ISA as normal last year, but I did turn my attentions back to it the last quarter more and even over the Christmas period adding a reasonable amount into my S&S ISA.

    Out of Collateral, Moneything and Albrate recently, I was adding more into Ablrate into the ISA, Collateral was more static with new money, I have 5k in it and Moneything has been more withdrawing repayments as I have not liked a lot of the new loans recently. So out of those 3 at the moment Albrate has been my favourite.

    I will re-invest my P2P interest and add when new loans of interest come up. but not as heavy as last year. If the defaults this year are not too heavy, returns should still be good.

    It is good to get your thoughts too on your direction and with your SIPP and your S&S LISA. I have a personal goal also to see my overall stocks and shares investments reach the 100K landmark so I will need to keep adding as well to make that happen

    Lets hope we all have a good year!
    Last edited by takesyourchances; 01-01-2018 at 11:33 PM.
    • Jordan Stodart
    • By Jordan Stodart 3rd Jan 18, 9:14 AM
    • 16 Posts
    • 4 Thanks
    Jordan Stodart
    Happy New Year to everyone just got my collateral interest payment and some repayments into Moneything...

    Is any of your P2P plans changing or staying the same for the year ahead?
    Originally posted by takesyourchances
    Happy New Year to everyone! I'll be investing in a diversified P2P portfolio comprised of a few major UK platforms. I'm biased, as the product is being launched by the company I work for, but I like the idea of diversifying exposure across platforms without manually selecting and lending (no plug, just stating my personal plan )
    • takesyourchances
    • By takesyourchances 4th Jan 18, 9:05 PM
    • 653 Posts
    • 417 Thanks
    takesyourchances
    Happy New Year to everyone! I'll be investing in a diversified P2P portfolio comprised of a few major UK platforms. I'm biased, as the product is being launched by the company I work for, but I like the idea of diversifying exposure across platforms without manually selecting and lending (no plug, just stating my personal plan )
    Originally posted by Jordan Stodart
    Happy New Year to you as well your plan sounds good for this year and best of luck with it all that option I am sure would suit some people ok.

    I read Ablrates update email today, any thoughts anyone on their new upcoming portfolio loans? I will certainly have a look along with manuel investing as normal.

    Thanks
    • thenewcomer
    • By thenewcomer 3rd Feb 18, 11:37 PM
    • 95 Posts
    • 21 Thanks
    thenewcomer
    thinking of investing on abundance, but they only pay out interests every few months
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