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Jennifer

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Review of the Trading 212, Online Share Dealing:

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Ridiculous KYC and AML processes!

Ridiculous KYC and AML processes! Trading 212 subjected me to months of questions about my source of funds etc. I had to send them documents from years ago. Then they would request more and more. My funds were frozen with them. Not a single other firm in my life has subjected me to such absurd due diligence. No telephone customer service. Online support is a JOKE. Avoid these numpties. Reviewed on: 21st January 2025

Review of the Assetz Capital, Investments:

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Assetz Capital in wind-down with HUGE lender losses!

As a long term lender via Assetz Capital, I witnessed this platform go down the pan over the years. The interest rates have been slashed. The default rates have gone up. Assetz Capital generally demonstrate a very blase and carefree attitude towards overdue loans. If a borrower does not pay, they let them get away scott free. They will not actively and frequently chase up the loan and take requisite measures. AC will let loans overrun for literally years. Cynically and deviously, they will not write them off because that affects their statistics, so they just let them run and run. The due diligence on loans is substandard and they therefore have many extremely risky projects. For instance, the L.T.V. ratios provided are often highly misleading and AC plus their borrowers calculate these in ways that are not standard to make loans seem much less riskier than they are. Platform now in wind-down with HUGE INVESTOR LOSSES OF TENS OF MILLIONS OF POUNDS! Reviewed on: 21st January 2025

Review of the Proplend, Peer to Business Lending:

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Proplend is to be avoided!

Proplend is to be avoided! Their AutoLend mechanism is deeply flawed and annoying to use! Can't just make an investment pledge like any other property lending platform. Can only lend £1K max. which means it is a waste of time. Reviewed on: 21st January 2025

Review of the CrowdProperty, Peer to Business Lending:

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Concerning lending experiences with Crowdproperty UK

I have had a deeply concerning lending experience with CrowdProperty. This property investment platform currently shows an alarming 83% default rate across my loan portfolio, with many of these defaults being over TWO YEARS OVERDUE! The company's approach to managing defaults is notably negligent. Their communication with investors is highly inadequate, with updates being infrequent and lacking substance compared to other platforms. The rare updates provided, typically quarterly, offer very little meaningful information about recovery efforts. CrowdProperty's operational focus seems to heavily favour borrowers over lenders. This is evident in the company's management presentations and social media presence, where there is frequent emphasis on satisfying borrowers. Lenders are hardly ever even mentioned. This bias is reflected in CrowdProperty's lenient approach to pursuing defaulting borrowers, compromising lenders' interests. They keep extending loans, often for years, with little regard for lenders' money not being returned. The platform's statistics page shows concerning trends. Lending amounts to each individual borrower, loan-to-value ratios, and default rates have consistently increased year on year. Very worrying. The statistics page reveals that an alarming 45 projects are now in default, and this number continues to rise. In December 2024, investors suffered multi-million-pound losses on two loans, which returned only about a quarter of the capital invested! Currently, a significant portion of my life savings remains inaccessible in defaulted loans on CrowdProperty. The company's indifference to this situation is deeply troubling. Based on my experience and the numerous similar complaints from lenders on Trustpilot and other platforms, I strongly advise potential investors to exercise extreme caution. CrowdProperty's commitment to recovering funds from borrowers and repaying lenders in a timely manner seems highly questionable at best! Reviewed on: 21st January 2025

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