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Review of the LandlordInvest, Peer to Peer Lending:

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Not enough good quality loans, or even bad quality ones

There are not really enough loans offered vs the number of investors - demand is too high. This means as an investor it's diifficult to spread your risk, and so when loans default (which has happened a few times to me) it takes some time for the money to be recovered. One of my loans defaulted Jun 2022 and at March 2023 LL invest still haven't taken enforcement action or recovered the capital and the borrower seems to be being given a lot of leeway. I will get the money in the end, but having it do nothing for 9 months is not what I signed up for. The software platform itself is fine, although it once said I had successfully invested in a secondary market loan and then decided I hadn't - again probably too much demand. The admin team are quite responsive. The returns are ok when people don't default on loans. But I am pulling out, too much hassle for too little return. Reviewed on: 7th March 2023

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