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Lendy: Investments reviews

4.47
Based on 96 reviews, last reviewed 3rd Feb 2020
No new 5 star reviews
in the past 90 days
No new 1 star reviews
in the past 90 days
See only 5 star reviews
72%
See only 4 star reviews
18%
See only 3 star reviews
3%
See only 2 star reviews
3%
See only 1 star reviews
4%

Latest highest rating:

5

Lendy has been rewarding When all goes well, lendy gives me good money rewards, although your capital might be at risk if you join them, they do warn this out & have always he... Read more Reviewed on: 3rd February 2018
Heather Mcneil 's avatar
Heather Mcneil

Latest lowest rating:

1

Lendy Action Group If you have lost money with Lendy please join the Lendy Action Group and help us fight for our rights and to get our hard earned money back! The Faceb... Read more Reviewed on: 3rd February 2020
Chantal Elgie-Peters's avatar
Chantal Elgie-Peters

About this product

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.

Lendy Investments reviews (96)

Review of the Lendy, Investments:

Contrasting Reviews

2
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. Reviewed on: 8th June 2018

Lendy Action Group

1
If you have lost money with Lendy please join the Lendy Action Group and help us fight for our rights and to get our hard earned money back! The Facebook page is here: https://www.facebook.com/groups/lendyactiongroup Reviewed on: 3rd February 2020

Poor

1
Was ok at first but then clearly went to pot. Hard to know which peer lending sites to trust or where to turn to for decent AND safe returns. Reviewed on: 25th May 2019

Do not put any money in with this company

1
I have many, many loans which are from 350-800 days overdue. I cannot sell them. There has been no response from support. There is no phone number to contact support. Yet, they are very quick to call you to urge you on, if you have money sitting in your account not invested into a loan part. I would definitely avoid this company and I will be looking to see what legal action can be taken either solely or as a collective. Reviewed on: 30th April 2019

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

1
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 lit... Reviewed on: 17th January 2019

Defaults

2
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. Reviewed on: 15th November 2018

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

3
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 cou... Reviewed on: 25th August 2018

Lendy has been rewarding

5
When all goes well, lendy gives me good money rewards, although your capital might be at risk if you join them, they do warn this out & have always helped me the best they can Reviewed on: 3rd February 2018

High returns for seasoned investors

4
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. Reviewed on: 30th January 2018

Definitely recommend Lendy

5
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. Reviewed on: 25th January 2018

No nonsense upfront

5
Easy to Manage no nonsense upfront platform with all the information you need to make an informed decision Reviewed on: 22nd January 2018

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