I am a dedicated wife and a mother of two teenage sons, working previously in the finance industry. I decided to invest my pension into... I am a dedicated wife and a mother of two teenage sons, working previously in the finance industry. I decided to invest my pension into CrowdProperty's peer-to-peer lending opportunities because they advertised the platform as a safe and secure home for investments, with asset-backed investments. I spread our funds across 41 loans to diversify and minimise risks. What a grave mistake my decision to invest via Crowdproperty turned out to be. The overwhelming majority of these loans have defaulted, most overdue for more than 24 months! It has left us in financial ruin. Capital losses are gigantic, losing up to 85% of one's capital on investments. CrowdProperty's 'Recoveries Team' is a complete farce, hands down the most incompetent in the UK's P2P landscape, with no real action or accountability. They twiddle their thumbs and sit on their hands, incapable to getting funds returned from borrowers. The updates about loans in default from Crowdproperty are vague and almost non-existent, with investors fobbed off with a few words once every several months. The previous CEO, Mike Bristow, was a master blagger and misled everyone. He ran Crowdproperty into the ground and led to it having THE WORST RATINGS AND REVIEWS OF ANY P-2-P LENDING PLATFORM IN THE UK, hence got booted out of his job by his Crowdproperty colleagues, but the new CEO is even worse if that was possible. It's evident Crowdproperty have all but deserted their retail investors like me, funneling their efforts toward getting funds from institutional investors instead. To any potential institutional lender reading this: do not give your money to CrowdProperty. They've betrayed hundreds of retail investors, and you'll face the same fate, total loss of your investments! The emotional toll is indescribable. My life savings have vanished, and along with them, the inheritance I intended for my children. I am consumed by guilt and despair, feeling utterly terrible for failing to protect what mattered most. This company has destroyed lives; please, learn from me and my family's heartbreak and stay away. Read more Read less

My wife and I are not professional investors. We don’t have detailed knowledge and experience of investment in the property market. We started investing when... My wife and I are not professional investors. We don’t have detailed knowledge and experience of investment in the property market. We started investing when Crowd Property had recently started its platform and promoted itself and the investment projects on line – each one presented in detail. At that time, about 8-9 years ago, great emphasis was given by Crowd Property to its protection of investors’ investments by the first charge on projects taken by Crowd Property on behalf of investors. This important safeguard was, in those days, given more prominence than the statement about risk of the investment. As the number of projects increased, the relative prominence of protection and risk reversed. For the past 3 years or so, the risk of investment has been given the major prominence in a box on the front page. The first charge protection which Crowd Property used to promote is not given the prominence it used to have – may be because there have been, as others have noted, more and more investment failures for which first charge protection has not protected investors. Some projects are still outstanding 4 years after they should have completed. Whilst our early investments delivered good returns more or less on time, we have lost a considerable sum of money in the last 4-5 years – far more than we achieved in interest. Capital has been lost and estimated interest has evaporated. We stopped investing when we saw the much greater prominence given by Crowd Property to the risk warning. Of course, we may have just been unlucky. Or, we relied too much on the first charge protection which has proved to be ineffective. We have just been told by Crowd Property, that unless you are a high net worth individual or a sophisticated investor, then Crowd Property is not for you. This latest “warning” to ordinary people, ie that lending through Crowd Property is not for them, hasn’t come soon enough. How many more ordinary people have lost money via investment in Crowd Property projects? It would appear from reviews on Smart Money People that there are more failed individual investments than might have been expected. Were we, and others, mis-sold those investment opportunities during the period when the risk of investment was claimed to be “balanced” by reference to first charge protection? If our experience is shared with others, then maybe it is something which should be explored further. Read more Read less