Question from anonymous 4thWay reader “I have been investing in P2Ps for a number of years now. These include RateSetter, Zopa, Lending Works* and Landbay*. My experience across all four has, in general, been good. “Last November I invested £8,500 with Funding Circle for the…
Crowd2Fund does business loans and it is available in an IFISA (a tax-free P2P lending account) paying 8.5% or more before bad debts. I’m going to show you one way to select individual business loans to lend in at Crowd2Fund for yourself, rather than relying…
Bad debt: that’s when a loan goes past just being “late” into what’s called “default” or “non-performing”, and even beyond – when not all that debt can be recovered and it is “written off”, never to be seen by lenders again. Bad debts are a fact…
Peer-to-peer lending sites put loads of time into offering great service to borrowers, but what about service for lenders? Some provide emails that are automatically tailored to what you want or they answer your brief written questions online. But, as far as I know, just…
Last year, RateSetter announced changes to its bad-debt provision fund that will now take place in March. The old way RateSetter’s provision fund worked Individual lenders lend to specific borrowers (although you don’t get to choose your borrowers). RateSetter’s bad-debt provision fund covers losses that…
I fielded a call from a lender who wondered, only very mildly worried, about Funding Circle’s changes to its property loans, which it announced a short time ago. There are two changes. Some property loans to get a worse grade Funding Circle is going to…
It can be a little exasperating to see individual lenders using the comments section under my articles on 4thWay, or in their emails to me. The main cause of the exasperation is when they write something like this: “I’ve earned good money with that P2P lending…
I wrote this piece to give those of you new to Wellesley a little background to go with the recent sell alert from my colleague, Neil Faulkner, which you can read here. What Wellesley does Wellesley does development and bridging loans. It has four loans…
Neil Faulkner says that with low interest rates for lenders, less impressive loan book performance than similar competitors, increased risks from borrowing to lend and not enough of the right kinds of unambiguous information and data, he sets out his opinion that, if he was lending…
In light of the Wellesley article setting out why Neil would sell Wellesley loans, it got me thinking what alternatives are there for our money. Simplicity and low risk I’m guessing that some Wellesley* lenders probably want simple accounts and I think they want low risk….
Finally, 4thWay has enough information to list in our comparison tables, for the first time and not for the lack of trying, one of those rare of P2P lending things: an IFISA product. These offer completely tax-free P2P lending. Like Willy Wonka’s golden ticket, there are only…
May people say that P2P lending websites hve lost their way; they’re not P2P any more. And when I say “many people say”, unlike Donald Trump, I don’t mean me. I mean a lot of financial journalists and individual lenders are saying it. I’ve heard them…
The providers of P2P lending in the Evolution SIPP, Greyfriars, announced in late 2016 that from 1 January 2017 it will open no new P2P lending accounts and no new P2P lending can take place through its SIPP. Greyfriars stated that the reason for this…
I have taken a look at the collective performance of 12 P2P property lending providers. This is under half the total number, because I am focusing on those that truly specialise in property (over 60% of loans are property loans). I have also excluded P2P…
Here are the latest peer-to-peer lending customer ratings of the main providers. You can’t take the following as absolute proof of overall customer satisfaction, because companies can encourage customers who they know to be happy to rate them online. There will also be many borrowers…
To see the most recent question read here (opens in new window). Question from Simon “Could you please do an assessment of crowd stacker and crowd2fund? I have a lot of money currently in a stocks and shares ISA that I would really like to move…
If you’ve got a question for us, we always try to find time to give you a comprehensive answer, so please get in touch at contact@4thWay.co.uk Question from David, 4thWay user Wanting to know if I can open an ISA that will allow me to…
How did I get here? It’s a question that many investors – in any investment – might be asking quicker than you think. Let me get to the point in a laborious and roundabout route. I’ve always been a fan of stock-market tracking funds: index…
Assetz Capital has just introduced a new account allowing lenders like you and me to remove our money easily, called the Assetz Capital Quick Access account. The business and short-term property loans P2P lending website believes that this will enable us to exit loans within 24 hours…
This article is about how much you should split between savings accounts/cash ISAs and peer-to-peer lending, and also shares if you want more diversification further up the risk scale. I also discuss the money you might put into buying your own home. Those are what…
