Thanksfully not kicked down the road
Have seen a number of loans, extended, the repayment today, ends any kicking the repayment can down the road. Little option but to withdraw the capital and interest. P2P is a dead end a few platforms are worthy and Kuflink amongst them but there is one issue the rates are basically unchanged since the BoE Base Rate was at 0.1% now it's at 4.5%, rates are not enough relative to the risks. Risks are even higher, with higher rates, easy to see 30% drop in house prices wiping out the LTV. Not giving up on P2P, just reducing my exposure, and looking at the risk reward which has shifted considerably.
Date of experience: May 16, 2023