Every month I do a round up of my returns from UK P2P lending and property crowdfunding (see previous months). During March my largest new investment was in one of the Property Moose investments, one of the new mortgaged buy to let investments. I’m selling some out of Property Partner, the returns have been poor in comparison and I’m worried that they are releasing new developments so quickly that there is no demand on the secondary market. I didn’t change anything else over the month.
July 2016-March 2017
Current Amount Invested: £23,612 (across 15 different platforms)
Annualised Return Excluding New Customer Bonuses: 10.91%
New Customer Bonuses Received To Date: £340 (read how)
New Customer Bonuses In Progress: £420 (Growth Street, Assetz Capital, RateSetter, The House Crowd, Orchard Lending Club)
If you include all expected and received new customer bonuses the total first year return goes up to 14.13%
April 1st Investment Profile
Annualised Returns Broken Out By Platform
- Funding Circle is lower than the expected ~7% due to bad debt. I’ve invested across 50-60 loans.
My Platform Specific Updates
A number of P2P platforms received full FCA Authorisation in March, a show of confidence and one step closer to IF ISAs:
I saw in my RateSetter account that the refer a friend offer is finishing on April 5th. There’s no details if this will be replaced. Funding Circle recently updated theirs to a minimum £2,000 investment to receive the £50 joining bonus, so perhaps instead of completely removing the offer RateSetter may do something similar?
Saving Stream have now rebranded as ‘Lendy’. Not to be confused with ‘Lenndy’ the Lithuanian P2P lending platform!
I do a monthly sponsored guest post for the ViaInvest blog (a Latvian based P2P lending platform). This month I wrote about the spread between the borrower and lender rates in P2P lending and the evidence that it is smaller than traditional banks: read more here.