Now 48 hours to go until the two auction close "deadlines" and so far each loan has attracted only £1200 - £1300 of bids from a handful of lenders ...
From memory, they already extended that time limit once.
It's a shame, because (initially) it looked like a promising platform. They shouldn't have implemented a bidding system, and they should have simplified the SM (they have implemented what is already an unpopular system elsewhere). As a way to get started, they should have considered 12% pawn loans, to attract an audience.
Besides that the two existing loans simply look underpriced.
PLEASE NOTE : The opinions and observations that I display on this forum are of a personal nature. I am not a professional within the financial sector, I represent no platform and my remarks should not be taken as advice. I accept no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in my posts.
looks like they are in a rush to get this one drawn down, extended there 2% offer for above £10,000 looks like trying to get a few big investors onboard early.
You're absolutely correct.
We had a very good response to our Founder Investor Early Bird Offer, but at the time we didn't hit the mark with the types of loans listed. So we've listened to the early forum comments and found some good investment opportunities. Everyone has different appetites when it comes to investment and while I'm certain the Clutton Homes opportunity isn't right for everyone, it's an asset backed loan to a very experienced developer offered at a fixed 9% pa return and on top we're offering a straight 2% bonus uplift on any amount invested above £10,000. This bonus is paid for the first 12 months and pays out after month 12.
Kind regards Malcolm Piper
Investing money through Peer Funding Limited means you are lending directly to UK registered small and medium sized businesses, and your capital is at risk.
All other Early Bird Investor Offer Terms and Conditions apply. Bonus payments will be made to investors' accounts after 12 months.
The views expressed in this forum are personal and may not be representative of Peer Funding Limited. Investing money through Peer Funding means you are lending directly to UK registered businesses, and your capital is at risk of loss. Investing money through Peer Funding is not a guarantee of return, and past performance is not an indication of future returns. Peer Funding Limited (Company No. 08773883) is authorised and regulated by the Financial Conduct Authority (FRN 668078)
I have had £25 languishing here for a while unused, so I finally decided to withdraw it. I had a 'Peer Funding - funds withdrawal' email and when I viewed it (as html) there was a pop-up asking for my User Name and Password for "https://dev.marketlend.com.au" - I declined.
Was as of a week ago when they listed the 3rd tranche of their only loan. Cant say Ive looked at it for a while.
Minor shareholder in Assetz Capital, Brickowner and now Welendus
PLEASE NOTE : All opinions and observations made on this forum are my own view and made in a personal capcity. I have no links to any platform and I am not a financial professional so nothing posted should be consider financial advice or promotion. I accept no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in my posts.