Kuflink are a P2P lending platform which offer investments in UK property development deals. What makes them different is that they invest 20% into each loan on a first-loss basis, reducing the risk to investors. Note that this 20% just applies to the ‘self select’ (manual investing) loans, with only 5% on the automated investment product. Investments are between 6 and 12 months, and offer up to around 7.2% gross (i.e. if there are no defaults). They’ve now funded over £9 million in investments via their platform.
Apologies: this is not related to P2P, but I want to post it as I am constantly sharing with friends/ family and thought it would be easier to write down for once! It may come in handy if you are planning a foreign break to escape the colder months.
These are my (now well practised) steps to get the best discounts on hotels:
Property Partner have broken the UK record for a property crowdfund with their latest student property development. The development: 65 student blocks in Newcastle is expected to yield 6.13% after all costs and fees. To put the size of this deal into context, I took data from their latest open house (September 2017). Read more “Property Partner Crowdfund ~£3m Development, breaking UK Record”
Monzo is a smart-phone only digital bank – sometimes called a ‘Neobank’ in some news articles. I’ve been using it over the last few months and wanted to share it with P2PBlog readers particularly as a smart way to spend money (and save fees) when travelling abroad. It’s probably not one for those who are cautious of sharing their private data with 3rd parties, but there are some key benefits of using the app which I will cover in this review. For the time being, the major draw is no fees on foreign cash withdrawals, though unfortunately this may be about to change. Read more “Monzo Review: (For Now) an Ideal Pre-Paid Card for Frequent Travellers”
…a world of change
Guest content from Angus Dent, CEO of P2P lending platform ArchOver
Glancing at the news, you’d be forgiven for thinking that Brexit spelled the end of days for British business. Recent research by Citibase, which surveyed over 1,100 SMEs, revealed that small businesses in the UK are suffering from the prospect of leaving the EU, as one in five companies surveyed recorded a fall in revenues since the historic referendum result. This increasingly bleak picture of the post-Brexit UK economy has left the finance industry on edge about what is to come. Read more “Brexit: an opportunity for peer to peer lenders in…”
Unbolted is a P2P lending platform which focuses on pawn backed security loans and auction related lending, such as sale advances and ‘bid now, pay later’. Founded in December 2014, they lend out to borrowers at a representative APR of 40.3% whilst paying investors between 8% and 10.5% per annum. The lower paying 8% loans (0.65% per month) are ‘gold loans’. These are very well secured: 80% LTV against the scrap metal value with a hedge against gold price fluctuations. Read more “Unbolted Review”
I invested in the Nutmeg robo-advisor service at the end of the last tax year to use up my ISA allowance. There are often great cashback offers run by Quidco* and Topcashback* – in my case I had a £170 cashback for a £5,000+ investment which works out at an additional 3.4% return. At this moment in time it seems as neither cashback site has a link for Nutmeg, but offers may come up towards the end of the tax year as these companies fight for investor cash.
I often get questions from readers and other bloggers asking if I know where to find performance data for robo-advisors. I’ve made a comparison tool of the fees (link: Compare Robo-Advisors) but have struggled to find good data on actual performance. The way these advisors work is to ask you questions about your investment goals and risk tolerance and then design an allocation of ETFs for you. In my case I created 2 portfolios with Nutmeg: one of the absolute highest risk (high risk tolerance and 50 year time frame) and one of the absolute lowest risk. I will try to find a way to export the data and compare to basic low cost ETF trackers but for now here is the summarised data of the last 5 and half months for my Nutmeg portfolios: Read more “Nutmeg Robo-Advisor Performance Update”
There’s a significant change coming to Funding Circle investing on September 18th.
With £2.5 billion in loan finance under their belt, Funding Circle have done a rebrand to their website. However, it’s not just the front end that’s changing: soon Funding Circle are removing the ability for manual investing and reselling. Read more “Funding Circle & The Zopification of SME Lending”
Given the huge volatility and risks involved, buying cryptocurrency could be the worst investment decision you ever make. For me, it is a bit like the dot com boom: many people recognise that this technology may change the world and are just throwing money at any opportunity to profit from the change. At the same time, historically owners of cryptocoins like Bitcoin have made massive returns and it is interesting to understand how to buy cryptocurrency directly if you want some exposure. This article starts with a basic intro to cryptocurrency, then goes on to show you 3 ways you can obtain them yourself.
Before you read any further, look at these two tweets from a bitcoin analyst as a caution before investing any money: Read more “Buying CryptoCurrency (Bitcoin, Ethereum, Litecoin etc.)”
A number of continental European peer to peer lending platforms run cashback promotions for new customers. To qualify for these cashback offers you generally have to sign up via a special referral link or use a promo code on sign up. There’s two elements to most EU platforms bonuses:
- A small completely free bonus on sign up, usually around €5
- A percentage of your average investment balance over the first few months
First written June 2017, last updated Nov 2017 with updated Mintos Refer a Friend code