Lendy Investments Reviews

Ratings based on 101 reviews Last review 1 month ago

P2P platforms like Lendy have been around for a few years, but the ins and outs of each platform can vary. So whether you're considering joining Lendy as an investor or borrower, our Lendy property investment reviews can help to give you the inside...

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P2P platforms like Lendy have been around for a few years, but the ins and outs of each platform can vary. So whether you're considering joining Lendy as an investor or borrower, our Lendy property investment reviews can help to give you the inside track on this platform.

5 76
4 18
3 3
2 3
1 0

Your Investments Reviews (101)

17th January 2019

No interest for nearly a year, no return of capital since Feb 2018

Lendy is not fit to be in business. I have over £60k stuck in defaulted loans with little prospect of recovery. Lendy has a serious issue with communicating to it's investors, it's rare to get more than a single line, or a single paragraph each month ...

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Lendy is not fit to be in business. I have over £60k stuck in defaulted loans with little prospect of recovery. Lendy has a serious issue with communicating to it's investors, it's rare to get more than a single line, or a single paragraph each month to update us on defaulted loans. Security valuations across the board have been dramatically over estimated with no remorse from Lendy. I have seen many investors lose capital as per reports on the p2p independent forums.

I've little hope of Lendy returning capital by choice, and so that end I currently have two investigations underway, one by the FCA, one vie the Financial Ombudsman. Pending the results from both, my legal advisor is prepping for litigation to recover capital, accrued interest, consequential losses and legal fees.
At this point all I am concerned about is the company going into administration before a Judge can order recovery.

View the trust pilot scores of Lendy for more comprehensive reviews, but be aware that Lendy regularly report all negative reviews for removal. The ones you see are the only ones they have been forced to keep online by trustpilot who have determined that a negative review does not in fact constitute removal as a "defamation" or "accusatory" commentary.
Over the past 12 months Lendy has exposed lenders to two bankruptees, and has a 3rd borrower who is attempting to sue Lendy and it’s investors for over £10m, for failing to provide funds mid way through a build. The borrower alleges Lendy had contractually agreed to continue funding the project to completion but was unable to gain enough new investors to do so. Lendy say that they did not, but have thus far refused to provide copies of loan terms and agreements to investors upon multiple direct request, so it would appear that Lendy have something to hide. In the mean time the borrower has obtained the details of all 5000 investors and intends on suing them for £10m + costs.
Lendy’s management has been shambolic at best, which would seem to largely be due to grave inexperience of it’s Director, which has led to over 60% of their active loan book now being in default, or to put it another way, £120m out of the £180m lent out has failed to be repaid. Many loans are 1-2 years past the 6 month point that they should have been repaid.

In short, Lendy is at the end of the road. No new investments on development tranches because of grave mismanagement, appalling communication skills and abysmal PR have collectively pushed the final few loans over the edge as projects stall mid-way through. When the security is half built and worth a fraction of what Lendy advertised, there really is only one way things can go – massive capital losses. Losses are all part of the game, but to this day lendy claims that no investor has ever lost any capital. Not really surprising when a 6 month loan is three years into default and Lendy still refuse to accept it as a loss.

15th November 2018

Defaults

The platform works well and the rates are inticing, however over 50% of my portfolio is late or...

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The platform works well and the rates are inticing, however over 50% of my portfolio is late or delayed.

This means that rather than receiving the 11/12% I would like to achieve it is more like 6% or 7% if the defaults aren't resolved. It is difficult to contact the team as well.

I like Lendy and was introduced by a friend, but they need to improve if they want to keep me using them.

25th August 2018

Big early returns but increasing number of defaulted loans have put the brakes on the returns

I joined up with saving stream as lendy was first known it must have been 5 years ago and they were offering a fantastic 12% interest across the board paid every month . The customer service was Top Class and I got stuck in and sat back and enjoyed a...

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I joined up with saving stream as lendy was first known it must have been 5 years ago and they were offering a fantastic 12% interest across the board paid every month . The customer service was Top Class and I got stuck in and sat back and enjoyed a massive boost to my monthly income in the form of my interest payments. I was invested in a wide range of loans in order to spread my risk. Inevitably as the loan book matured and increasing number of loans defaulted and then of course there comes a point when you don't get any interest and you can't sell a defaulted loan part so you are then stuck with your money in the defaults and earning no interest until the very bitter end when lendy finally have sold the at set or the legal action to recover the Loss is complete. Lendy seem to have really upped their game in the last few months as regards coming down harder on Borrowers and taking early action to protect lenders money. However my advice would be that if you do need or may need access to your money in a hurry then this is the not is not the right investment scheme for you because if you do end up in defaulted loans you may find your money is staying elsewhere for what could be 1 2 or 3 years.

8th June 2018

Contrasting Reviews

I am extremely surprised by the reviews of Lendy Ltd on this review site, if you compare it with Trustpilot it shows a different picture, I would give Lendy Ltd. only 2-stars as they have deteriorated significantly over the last two years for...

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I am extremely surprised by the reviews of Lendy Ltd on this review site, if you compare it with Trustpilot it shows a different picture, I would give Lendy Ltd. only 2-stars as they have deteriorated significantly over the last two years for lenders....so it is very hard to understand the 4-star ratings on this site ! very strange.

30th January 2018

High returns for seasoned investors

Lendy is still a relatively young company, which is evolving its relationship with both investors and developer clients. The returns are substantial and so is the risk, the key to continuing success will be careful selection of projects. Lendy is...

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Lendy is still a relatively young company, which is evolving its relationship with both investors and developer clients. The returns are substantial and so is the risk, the key to continuing success will be careful selection of projects. Lendy is meeting an important economic need and I wish them every success.

25th January 2018

Definitely recommend Lendy

I can definitely recommand Lendy. I have been a happy investers for just over two years and have had a great experience. Lendy is very transparant about their processes and are very diligent before approving any loans for borrowers. Their web...

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I can definitely recommand Lendy. I have been a happy investers for just over two years and have had a great experience. Lendy is very transparant about their processes and are very diligent before approving any loans for borrowers. Their web interface is easy to use.

22nd January 2018

Open and Transparent

As an investor I find Lendy open and transparent, however their due diligence procedures may need to be tighter possibly. However, I have not lost any funds as yet just had to wait a little longer for returns while foreclosure procedures are implemented.

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As an investor I find Lendy open and transparent, however their due diligence procedures may need to be tighter possibly. However, I have not lost any funds as yet just had to wait a little longer for returns while foreclosure procedures are implemented.

20th January 2018

Great returns and they keep you informed.

Lendy give you up to 12% returns and you can spread your investments over different properties. They keep you informed and appear to listen to customers as they are evolving all the time to improve services.

19th January 2018

Interesting Interest!

With mainline banks and other savings vehicles offering such poor rates of interest my own interest was immediately peaked by by SavingsStream (as Lendy was known back when I began investing). With their website being straightforward to navigate,...

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With mainline banks and other savings vehicles offering such poor rates of interest my own interest was immediately peaked by by SavingsStream (as Lendy was known back when I began investing). With their website being straightforward to navigate, loans being secured against development properties, and interest paid monthly I was immediately attracted. I have placed substantial investments and my wife, who I’ve since introduced to Lendy, has done likewaise.

19th January 2018

Diversified P2P property investment with transparent management

Satisfied investor, with a well -diversified portfolio. Appreciate the explanatory emails and good communication. Effective chasing of overdue loans. very good P2p Interest rates.

18th January 2018

Brilliant company

I have been investing with Lendy for four years and found the company to be excellent in every way. Their website is easy to use and the returns excellent - receiving the interest every month is lovely. Thank you Lendy. You deserve some...

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I have been investing with Lendy for four years and found the company to be excellent in every way. Their website is easy to use and the returns excellent - receiving the interest every month is lovely. Thank you Lendy. You deserve some recognition for your hard work - your weekly newsletter is so helpful and informative.

18th January 2018

Reliable and Consistently High Rates

Bank busting interest rates consistently around 12% on Asset backed loans. I have been a client for nearly 2 years and not once lost on an investment. Choose who to loan to and watch your investments grow. A Class Platform!

17th January 2018

Impressive flow of investment opportunities

More than any other crowd-funding investment site I've encountered, Lendy produces a steady stream of high-yield property-backed loans in which to invest. They seem to be running a very tight ship in Southsea!

17th January 2018

Lendy are perfect

I have been investing through Lendy/Saving Stream platform for the past 2 years. The platform is easy to use, transparent and informative. The loans are good quality with enough due diligence data to enable me to make investment decisions