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  • Peer to Peer Lending

    P2P recommendations?

    No ( NO ! ) investment is secure, including money under bed, bars of silver, UK government bonds...

    P2P has risks: As do all other investment possibilities.  (£25 to an agreed housing charity is anyone has evidence - you'll need time travel for this - that any particular investment is absolutely 100% safe...).

    With P2P i've been using Zopa, Lendy & Funding Circle: Zopa appear authorised by the FCA, I think the others are not. My money spread in each case across many many loans, sometimes hundreds of.  Returns way way better than savings accounts etc etc but not everything.

    Only go with higher risk investments (eg B2L...) if you can afford to lose: Everything: Which is why I spread  my money all over the shop - Pensions, savings, B2L etc etc.  And the wife owns the house (hence .... - lodger...) so if I go bust she might be kind & let me sleep in the garage... But with the current farrago of Br*x*t F K what will happen anhway...

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    Curious what returns you are seeing through your P2P lending?

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    As sponsor to this thread I could suggest you look at the larger and more established platforms - and they cannot legally operate without being FCA regulated.

    There is a specialist P2P independent forum where you will get the lowdown on most platforms from their users - mostly factual comments and views but some rose tinted glasses in the case of a few that offered unrealistically high interest rates. 

    We have two vehicles - Assetz Capital that founded 6 years ago, has lent £780m to date and has earned investors £70m of interest to date and takes only property as security for business and house-builder loans and has an average 64% LTV on its loan book - and Assetz Exchange that is a newly launched platform for BTL property and housing construction crowdfunding and with an ISA in a few weeks too. 

    Zopa is the longest established P2P  but just does consumer loans. Ratesetter does consumer and business loans. Funding circle just does unsecured business lending. These three, and ourselves, are all FCA regulated to answer the question above. There are others but none that big.

    Hope that helps - take it slow and test the platforms you choose and diversify platforms as well as loans.

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    Thanks for your response Stuart, a very helpful answer - much appreciated.

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