Anybody invested in Zopa?

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Hi folks

Just wondering if anybody has invested in Zopa and, if so, how much of your portfolio you put in and how it's performed. I've got some investments in BTL and in shares but (a) BTL returns are 4% net with occasional hassle and (b) I think Shares are going to fall when interest rates go up so I don't really want any more exposure.

As usual, thanks in advance

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Yes - looking at their website they seem to have very low default rates and these seem to be covered by their "own" reserves.

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Thanks Phate - will bear it mind.

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budgie smuggler said:

I think next year you can invest in Zopa and similar p2p lending schemes via an ISA saving the tax as well.

Any linkys? That would be really helpful. I've got a First Direct S&S ISA which I've been paying into so, if this could be incorporated into that, it would make things easier. Would rather not have to set up a separate one.

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budgie smuggler said:

http://www.moneysavingexpert.com/savings/peer-to-p...

then ctrl-F for "April 2016"

Excellent - much appreciated

That links got me looking at "Ratesetter" now It seems to be offering 3% with monthly access? Am i misreading something? To clarify - Zopa are offering 3.8% for 3 year fixed term - whereas RS seem to be offering nearly as much but with much quicker access.

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Decided to go with Ratesetters in the end. They were offering 2.9% for a monthly investment - the extra flexibility outweighs the higher rates offered by Zopa for tying funds up for longer periods.

It was surprisingly easy to get started though