P2P Lending

I did terrible because of covid, after many stressful month's of trying to pull out my money I think I ended up accepting a 10% or so overall drawdown, but I was just happy to of got back that much of my original capital. I've said it many times before here, p2p the lenders are taking on 100% of the risk, the borrower's or facilitators can wriggle their way out far too easy, the 10% or so roi that you might get is nowhere worth the risk of losing a significant amount of your capital if your unlucky, stick to the likes of a mortgage trust fund if you want a simple stock market investment fund that is reasonably straight forward for tax, and dollar cost average into that, put your money in across like a year or so.

I have been investing in PropertyBridges pretty much from the beginning. In that time there has been one difficult loan which as far as I can see they are dealing with quite efficiently (not fully resolved yet). The fact that they have first call on the properties, with a relatively low LTV, should make the investment reasonably secure. Needless to say there will be some delays in finalising some repayments but you continue to receive interest on any late repayments. I have found them reasonably good.

I decided to dip my toe back into P2P.

Mintos first up, still trying to get to grips with their switch to "notes".

Is anyone still using the likes of PeerBerry, Swaper, TWINO, Viventor, Bondora etc? They gave a nice return in the past. Edit: ViaInvest is another.

I must take a look at how the likes of Envestio, Grupeer, Fast Invest etc court cases are progressing. Maybe one of you has a brief update (without giving private legal group details)

While some I used struggled but kept paying through covid, the war in Ukraine has stumped them.

Mintos, the guarantee wasnt a guarantee. Havent been paid a bean in around a year and a half now.

Peerberry are still dripfeeding payments through, but no interest on these payments.

Swaper and Robocash still going strong for me and I still reinvest with them, possibly throwing good money after bad in the long run if a recession kicks in.

Of course you might find that loans outside Russia/Ukraine do fine. As do I with my Swaper/Robocash.

i havent added new money since Jan 2020 and dont intend to either

Aye, I (mostly) got out in time just as COVID crisis started thankfully. Had a couple k left in mintos (Monego) but I've actually received about 95% of that back already.

Were/are there issues with Mogo or Delfin?

Lenndy is unable to act on behalf of Lenndy investors against "Giantus Finance" (the previous notice was against "First Finance" only).

You have to make your own claim to the insolvency administrator by 28th Nov. Notice on their blog. https://lenndy.com/blog/78

Viventor has gone into insolvency, although it was flagged in early December. I presume to dodge any legal action.

Hi started investing in propertybridges last year. Overall experience is great. Just a quick question to anybody using them. Do you know where on the Tax return (Form 11) does this type of income go. Do my own form 11 for rental properties so know my way around it, but just can't make up my mind for propertybridges interest. Will contact revenue if can't get a clear answer.

Thanks for the reply and the link. I have gone with this, which seems to be correct.

Ok thank you for the reply. What do you put in for details of Income sources? Thanks

Brilliant, thanks for sharing.

Look what happened to Banks, Insurance Companies and so on during the last recession. Do you avoid all of them now?

I also have invested with them, pretty much from the beginning, and have found them very professional so far, as you say just one project turned partially sour, the LTV is generally pretty good which should give one some confidence. Needless to say I wouldn't be putting all my eggs in that particular basket but a useful and interesting (I can go round and look at how my money is coming along in the construction) odd egg hatcher nonetheless.