In terms of 'fire and forget' accounts there's the Zopa/Ratesetter models (c3% - 6.5%ish) and also Assetz Capital managed accounts (3.75%/4.25% - 7%). Or if you're feeling very brave, Funding Circle's autobid, c7%. None have instant matching/returns so the short answer is no but for diversity they are worth a look for smaller amounts maybe regular deposits so the bit of dead time initially (anything from hours to days mainly, but possibly weeks for full deployment) isn't too painful. They also have provision funds rather than the 5% first loss Wellesley model. A point to note is AC has quite an attractive 3% cashback offer for new lenders on at the moment -here-, open 'til 15th May.
...After thought, there's Landbay, at lower %rates (4 / 4.5%) works similarly and the lower rate offering of the two has instant access, possibly worth considering.
Other than that your into more hands on territory, but with (possibly) higher returns, or smaller unproven platforms.
Edit, If you want to go ahead with any of them give a shout on here and there will be someone along in very short order to give you a referral link as some platforms offer introduction incentives.
Post by captainconfident on Apr 25, 2016 16:40:13 GMT
The two Crowdstacker offerings are invest and forget products, property backed like Wellesley. I stuck a lump in the Amicus 18 month at 5.65%. It repays interest only at intervals and that has gone smoothly. The platform is simply an intermediary.
I was convinced by the account given of the strength of the security and it looks like it does what it says on the tin. It's all about diversity for me - too much in RS.
Lend invest also has auto invest although can take a bit of time if you do not want to put to much into a single offering, they also have the advantage of automatically paying interest into you bank each month if you want
I don't use the auto invest on LendInvest because it is not flexible enough and, anyway, often it can be better to wait for Thursday and take advantage of the Deal of the Week, although I haven't seen one of these recently.
Post by captainconfident on Apr 27, 2016 19:19:56 GMT
am, you can ask the same question about Wellesley and Ratesetter. Why choose them and not individual property loans at higher rates on other sites.? Different risk profiles. Like most people here, I have a bit in all these different things.