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P2PMarketData, a European peer to peer lending comparison site, has published a review of LandlordInvest.

The review introduces LandlordInvest’s product, pros and cons of using Landlordinvest’s lending platform, loan characteristics and other interesting details.

P2PMarketData’s review is available here.

Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. Links to other sites are provided for your convenience but LandlordInvest accepts no responsibility or liability for the content of those sites or of any external site. The information in this blog is correct at the time of posting.

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Following consultation, the Financial Conduct Authority (FCA) is introducing rules designed to prevent harm to investors, effective as of 9 December 2019.

The new rules cover:

• More explicit requirements to clarify what governance arrangements, systems and controls platforms need to have in place to support the outcomes they advertise, with a particular focus on credit risk assessment, risk management and fair valuation practices.

• Strengthening rules on plans for the wind-down of P2P platforms if they fail.

• Introducing a requirement that platforms assess investors’ knowledge and experience of P2P investments where no advice has been given to them.

• Setting out the minimum information that P2P platforms need to provide to investors.

• Applying the Mortgage and Home Finance Conduct of Business (MCOB) sourcebook and other Handbook requirements to P2P platforms that offer home finance products, where at least one of the investors is not an authorised home finance provider.

FCA’s new rules are avaliable in full here.

Filip Karadaghi, LandlordInvest’s CEO stated that:

“We welcome FCA’s new rules as they are clearly designed to offer consumers more protection. This is particularly important given the recent collapse of a notable platform and general poor business practise witnessed by some other platforms.

Peer-to-peer is risky compared to many other financial products and only those consumers that fully understand the risks and that they may lose part or all of their investments, should consider investing in P2P.

Even so, as with any investing, investing in P2P should be made with prudence and with appropriate diversification across loans and platforms due to both loan specific risks and platform risk”.

Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. Links to other sites are provided for your convenience but LandlordInvest accepts no responsibility or liability for the content of those sites or of any external site. The information in this blog is correct at the time of posting.

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April 6 is the start of the 2019 – 2020 financial year, and the annual ISA allowance is the same as in the previous tax year (£20,000).

During the current financial year you can subscribe up to a total of £20,000 across your Cash ISA, Stocks and Shares ISA, Innovative Finance ISA and Lifetime ISA.

You may find further ISA guidance on GOV.UK or read our useful IFISA Key Features document.

Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. Links to other sites are provided for your convenience but LandlordInvest accepts no responsibility or liability for the content of those sites or of any external site. The information in this blog is correct at the time of posting.

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Just a reminder that there are only a few days left for you to use your ISA allowance of £20,000. When you put your money into an ISA, you don’t pay any tax on interest earned. You may find further ISA guidance on GOV.UK.

Funds deposited do not have to be invested before April 5 to keep this year's ISA allowance.

Please remember that if you want to deposit cash via bank transfer you will need to complete the process by 5pm on Friday 5 April to ensure you don't miss the deadline.

Please keep in mind that any replaceable amounts must also be replaced latest 5pm on Friday 5 April or it will be lost.

If you are in any doubt as to the extent to which you can withdraw and replace funds across different ISAs, you should take independent advice or consult the HMRC helpline.

You may reach HMRC’s helpline on this phone number: 0300 200 3300.

The Helpline’s opening times are:

Monday to Friday: 8am to 8pm Saturday: 8am to 4pm Sunday: 9am to 5pm

Please let us know if anything is unclear or if you require further clarification. If you have any queries please call us on 0207 406 1491, our lines are open from 9.30am to 5.30pm every working day, or email us at investor@landlordinvest.com.

Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. Links to other sites are provided for your convenience but LandlordInvest accepts no responsibility or liability for the content of those sites or of any external site. The information in this blog is correct at the time of posting.

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This week we've released an improvement to the way secondary market transactions are processed. Each investor account will now have only one loan part per loan. Sales decrease the loan part amount and purchases increase it, along with the correct pending interest schedule.

This replaces the previous system whereby every loan part that was bought was added as a new investment to the buyer's portfolio. See this image for an example:

This led certain investors who were very active on the secondary market to have a very long My Investments table. As the loan parts were all seperate investments, attempting to sell down some or all of the position required the investor to list the parts they had bought separately. This had a number of downsides such as the adminstrative burden for the seller, as well as creating too many email notifications for those users who have opted to receive an email instantly upon all lisings being created.

Following this week's change, the example investor from the screenshot above would now only have a single record which could be listed in full once.

Note: The change effects only new loans and loans that were eligble to be traded on the secondary market (2 or more interest payments remaining) on 20 March 2019. Further work will be completed to the Repaid table in due course.

Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. Links to other sites are provided for your convenience but LandlordInvest accepts no responsibility or liability for the content of those sites or of any external site. The information in this blog is correct at the time of posting.

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We are delighted that Lovemoney.com, Mirror Online's official money partner and an independent, personal finance site has included LandlordInvest’s IFISA on the list of the Best Innovative Finance ISAs for the 2018/19 tax year!

According to Lovemoney.com; "Peer-to-peer lenders offer eye-catching rates, and best of all you can protect returns from the taxman with an Innovative Finance ISA. However, it's vital you understand the risks before investing".

Lovemoney.com’s list is avaliable in full here.

Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. Links to other sites are provided for your convenience but LandlordInvest accepts no responsibility or liability for the content of those sites or of any external site. The information in this blog is correct at the time of posting.

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We would like to take this opportunity to wish all our customers a very Merry Christmas and Happy New Year!

Christmas Opening Times

We will remain open for the duration of the Christmas break, excluding bank holidays, if you need to contact us please call 020 7406 1491 or email at investor@landlordinvest.com.

Christmas Eve: Closed

Christmas Day: Closed

Boxing Day: Closed

27 December: Open 12:00 – 16:00pm

28 December: Open 12:00 – 16:00pm

29 December: Closed

30 December: Closed

31 December: Open 12:00 – 16:00pm

1 January: Closed

We open for normal service on Wednesday 2 January.

Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. The information in this blog is correct at the time of posting.

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InnovativeFinanceISA.org.uk, an IFISA comparison site, has published an review of LandlordInvest’s IFISA.

The conclusion is that LandlordInvest IFISA offers a good option for those looking for short term investment and as it’s a very simple model that allows investors to get started for as little as £100, it might be good for those looking for their first foray into the world of IFISAs.

The review has been reproduced below and is also available here.

LandlordInvest

LandlordInvest specialises in matching landlords looking for financing with investors looking for a regular monthly income. The majority of loans go to landlords who, despite having a good credit record, are unable to secure traditional forms of funding.

Between them, co-founders, Filip Karadaghi, Nik Smirnovs and Joseph Vallender, have a solid track record in property, investments and venture capital, as well as some practical experience as landlords. Also at the firm are three advisors in the form of Reece Chowdhry, a management consultant and experienced investor, Rishi Khurana, an expert in financing, and Alan Gabbay, a director at O&H Group with an extensive track record in real estate and technology. Clearly, there’s a lot of experience and know-how in this team, but how does it translate when it comes to what LandlordInvest has to offer?

Customer service

The element that stands out most on LandlordInvest’s blue homepage is the claim that investors can ‘earn up to 12% per annum’ – one of the highest potential rates of return we’ve come across in the IFISA market. But the question remains – is that figure actually achievable?

Based on the seven reviews at Smart Money People, it does look like customers are happy with the returns to date. Investors also seem fairly happy with the service they receive from the LandlordInvest team. The only downside appears to be the low availability of investment opportunities. These seem to get filled very quickly, which in itself, says the product is popular among investors.

Being relatively new, the company isn’t listed at Trustpilot.

The stats

  • Launched in Dec 2016 – first loan completed Feb 2017
  • £2 million invested in the first nine months
  • Expected returns of up to 12%
  • Secondary market
  • No fees
  • Monthly interest payments
  • Transfer in from existing ISAs
  • Minimum investment of £100
  • Authorised and regulated by the FCA (Financial Conduct Authority)

The Product

LandlordInvest offer a very straightforward product. Once an account is opened, investors can review available loans and choose which ones they want to invest in. Loan parts remain on sale for 14 days and the minimum you can invest is £100. There are a selection of both residential and commercial property backed loans, so diversification is possible to minimise risk. Which as we’ll say later is a good thing. That’s basically all there is to LandlordInvest’s product. Interest is paid monthly, there appear to be no fees (apart from selling on the secondary market) and the rates of return quoted are reassuringly high.

Security

But, as you’d expect, those big returns come with a price in risk. Aside from the fact that the loans are secured with property, there’s very little in way of other protection. For instance, unlike other providers, there’s no provision fund or insurance against defaults or bad debt.

However, the firm is stringent when it comes to assessing borrowers, using the criteria of capacity, character and collateral – an approach commonly used in mortgage underwriting when assessing risk. ‘Capacity’ is an assessment of the borrower’s financial position in order to estimate how much they can safely borrow, ‘character’ is a review of past credit and ‘collateral’ is the loan to value ratio. Investors get access to all this information when it comes to choosing which loans to invest in, so you get to choose which you think are least risky.

Conclusion

There’s no doubt that LandlordInvest is offering some of the best rates in the market, but that does come at price when you consider the potential risk as there is no real provision made for defaults or bad debt. Nevertheless, with interest paid monthly, this will be attractive to those seeking a regular source of income from their investment. Experienced investors will also be attracted to the availability of a secondary market. Just bear in mind, there is a fee of 0.25% to sell a loan or a loan part on the secondary market. LandlordInvest is a good option for those looking for short term investment and as it’s a very simple model that allows you to get started for as little as £100, it might be good for those looking for their first foray into the world of IFISAs. Just be aware of the risks.

Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. Links to other sites are provided for your convenience but LandlordInvest accepts no responsibility or liability for the content of those sites or of any external site. The information in this blog is correct at the time of posting.

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Peer2Peer Finance News, the UK’s first and leading peer-to-peer finance magazine, has published it's annual list of the 50 most influential people in the UK’s P2P sector: The Peer2Peer Finance News Power 50 2018.

To compile the P2P Power 50 list, they have consulted industry stakeholders including big names from the platforms, government, regulators, accountants, law firms, trade bodies and consultants who have helped the sector flourish.

Our CEO, Filip Karadaghi, has for the first time been included on the list with the following motivation: "Karadaghi’s buy-to-let and bridging loan platform LandlordInvest was one of the earliest IFISA providers and has lent out £5m in under two years. It offers some of the highest rates on property-backed P2P loans and has ambitious plans for growth, having recently launched a £600,000 crowdfunding campaign."

The Peer2Peer Finance News Power 50 2018 list is available here.

Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. Links to other sites are provided for your convenience but LandlordInvest accepts no responsibility or liability for the content of those sites or of any external site. The information in this blog is correct at the time of posting.

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One of our first investors, Reece Chowdhry, Founder and CEO of RLC Ventures, has been interviewed by Crowdcube, one of the world’s leading equity crowdfunding platforms.

Reece speaks about what he looks for in a new investment opportunity, how he came by LandlordInvest and decided to invest into us and general thoughts about the P2P lending industry.

A short version of Reece’s responses is reproduced below and the interview is available in full here.

How did you come by LandlordInvest and why did you invest?

We met the founders Filip and Nik in 2016 and were blown away by their knowledge and experience in the property market. Filip, the CEO and co-founder, and Nik, the CFO and co-founder, managed billions in assets at a family office and both are very experienced in the lending and property market. We noticed that the team had a diverse background with a combination of technical knowledge, determination and vision. Filip was technical and completely dedicated – he had worked for two years without a salary and wrote an FCA application himself – saving the business thousands in expenses.
The teams’ experience comes from banking and private investment, managing multi-billion-dollar asset management for a family office, publishing, business systems and data analysis, and they were entering a market that was still ripe and with plenty of space for change. At the time LandlordInvest was just an idea – we simply backed the team and got to know them through rigorous interviews and psychometric testing, which is still the basis of our investment thesis to date.

What are your thoughts on the current investment landscape of P2P lending?

The P2P lending market has many firms with different business models, which makes it difficult for investors to choose and compare. The FCA, which is currently shaping the legal framework for the P2P industry, has proposed regulations that are addressing this issue. There is also a variation between different firms’ management teams in terms of experience and one of the biggest challenges for them is to keep a balance between borrowers and investors. That is why it is important for the management team to have a diverse background with solid experience to better achieve and maintain this balance.

Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. Links to other sites are provided for your convenience but LandlordInvest accepts no responsibility or liability for the content of those sites or of any external site. The information in this blog is correct at the time of posting.

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