Investors in the United Kingdom Can Try These P2P Lending Sites
Brexit notwithstanding, citizens of the United Kingdom have access to a world of peer-to-peer investment platforms throughout the European Union and European Economic Area. Whether you're interested in real-estate, loan notes, or platforms with savings accounts, there are plenty of options from which to choose. With so many options available, it helps to know what the experts think, and that's where we come in. P2PIncome's financial talent has taken the time to survey the landscape report back on the 5 best p2p platforms for investors in the UK.
Reinvest24
While many p2p platforms focus on selling notes from personal loans, Reinvest24 is devoted to the European real-estate market. The platform allows users to purchase percentages of real-estate development projects, many of which provide long-term passive income from rental dividends. Furthermore, many projects yield capital growth upon exit, making Reinvest24 a highly profitable framework. Reinvest24 has a robust primary market, as well as a secondary market, and the average annualized return near 15%, when including capital growth. This one reason P2PIncome considers Reinvest24 one of the best low-risk platforms.
The Reinvest24 marketplace is beautifully designed, with each property receiving its own listing with a high-definition picture (or rendition) of the property, as well as the Loan Amount, the Internal Rate of Return (IRR), and the address. Select View Project to enter the project page. There you'll find a gallery of pictures, including street-views, before-and-after shots, architectural schematics, and renditions of the final product. An Object Overview provides important details, such as the Category (Development Project / Rental Project / Real-Estate Loan), the Total Yield, the Rental Yield (when relevant), the Collateral, and so on. The overview concludes with a report on the Area and its Facilities, the Property, and other project details.
Reinvest24's statistics are quite impressive. The platform has nearly 20,000 investors, and the average portfolio is around 4500 euro. The platform has funded ten-of-millions of euro in projects throughout Europe, including Moldova, Estonian, Spain, Latvia, Switzerland, and Germany. The average yield stands at 15%, and the effective return stands at 17%, making Reinvest24 an attractive option for any investor. Investors interested in learning more can turn to the Reinvest24 blog page, which covers topics such as recent success stories, updates on current projects, and overviews of regional markets.
PeerBerry
PeerBerry has a long-standing reputation as a top-tier platform for the purchase and resale of consumer-loan notes. PeerBerry works with numerous loan originators throughout the EEA, and offers everything from short-term loans and personal loans, to leasing loans and real-estate loans. PeerBerry has a large marketplace where you'll find dozens of investment opportunities on any given days. PeerBerry's world-class p2p mobile app makes it easy to invest on the go, and the auto-invest tool allows you to put aside any need for constant monitoring.
PeerBeery's marketplace is efficiently designed for quick study. All the details you need to make an informed decision are listed in quick succession. Each listing begins with the flag of the country in which the loan was originated, followed by the name of the originator and the date on which the loan was issued. The Loan Type column indicates the purpose of the loan, such as Real-Estate, Short-Term, Long-Term, Business, etc. Next come the financial details: the Interest Rate, which is usually between 10 and 12%, the Term, which can be a little as a day, and as much as several years, and the Available Amount. Alternatively, you can set up the Auto-Invest and let the algorithm do all the work for you.
PeerBerry is a very successful platform, with well over a billion euro in investments and an average annual investment-return over 11%. Generally, around 80% of the loans are listed as Current, meaning the borrowers' payments have arrived on schedule, while the other 20% are 1 to 15 days late. Rarely if ever does a payment pass the 15-days-late mark. In addition to its financial activities, PeerBerry is active in environmentalism, via its PeerBerry Trees program, which is run in conjunction with Treenex and SayTrees. PeerBerry has planted over 5000 trees in India, using environmentally friendly non-chemical agents.
RoboCash
While many platforms offer manual and automated-investing options, Robocash is entirely automated. You don't have to spend any time at all selecting your investments. All you do is determine the amount of money you want to invest, and the general investment strategy. The proprietary algorithm does the rest. That's not to say you'll have no idea what's happening to your money. The Available Loans section lists all the loans currently open for investment, and the platform notifies you whenever changes have occurred to your portfolio.
On any given day, you'll find well over 10,000 loans lists on the Robocash marketplace. Each listing begins with the flag of the country in which it was originated, as well as the loan's unique ID number. Next, the listing indicates the date of issue, and the status of the loan. The Type column indicates the purpose of the loan: Commercial, Consumer, or Secondary Market. The financials come last: Creditor, Amount, Term, and Interest Rate. The loans are all for relatively small amounts, and they tend to be short-term. You'll see many 30-day loans for under 100 euro. The interest rates range from 8% to 14%. The minimum investment on the site is only 10 euro, so you need to fear testing the waters.
Robocash has a good track record going back to 2017. The platform has seen consistent growth-per-quarter, breaking 100,000,000 euro in investments by Q3 of 2019, and 250,000,000 euro by Q2 of 2021. The loans are issued a several countries, included Spain, the Philippines, Kazakhstan, and Sri Lanka, but the main body of activity is in Singapore, where the parent company is headquartered. Robocash advertises yields of up to 14.3% per annum, which is quite high, and P2PIncome suggests investors lower their expectations down to something closer to 8% or 9%. Regardless, the platform has a lot to offer, especially for those just getting started.
Iuvo Group
If you're looking for a peer-to-peer investment site that offers more, Iuvo might be the site for you. In addition to the investment opportunities, this award-winning platform operates a high-yield savings account where users can earn as much as 7% over the course of a 12-month savings program. Iuvo also operates loyalty programs with attractive benefits for investors ready to put up 10,000 euro of more. Iuvo is a licensed and regulated credit intermediary, and complies with the EU's SSM regulations. With financial backing from Management Financial Group (MFG), Iuvo is well-positioned to grow for years to come.
Iuvo works with over a dozen loan originators throughout Europe, including VivaCredit in Bulgaria, Ibancar in Spain, and SN Finance in North Macedonia. It lists loans in several currency, using its own currency converter to ease the burden on investors. Each listing includes a flag of the country in which it was issued, followed by a unique ID number, and the Issue Date. The next columns indicate the Loan Type (mostly personal loans), followed by the Score Class, which indicates the creditworthiness of the borrower on an A-through-E scale, plus a High-Risk (HR) class. The financials come last: Loan Amount, Interest Rate, Term, Installment Type, Status, and amount Available for Investment.
Iuvo works with several currencies, but investors need not worry about conversion, which Iuvo handles itself. Over 50% of Iuvo's investments are in euro, while the Bulgarian lev accounts for another 40%. Over 30,000 investors have committed a combined 250,000,000 euro to the Iuvo platform, and have enjoyed an average per-annum of around 11%. With a minimum investment of only 10 euro, Iuvo is a great platform for small-time investors. The IuvoSave program adds another layer of value, allowing investors to earn between 5% and 7% annually on their savings.
Our Recommended P2P Lending Sites for Investors in the United Kingdom
Market Type
Mortgage Loans
Average Returns
12 - 17%
Minimum Investment
EUR 100
Signup Bonus
EUR 10
Registered users
25,000
Total funds invested
EUR 40 Million
Default rate
0%
Regulating entity
Self-Regulated/EU Compliant
Buyback guarantee
Secondary market
Payment methods
Bank Transfer, Bank Card, TransferWise
Withdrawal methods
Bank Transfer, Bank Card, TransferWise
Reinvest24 is an equity backed real estate rental P2P lender. Though they are a much smaller P2P lending platform in comparison to the top P2P lenders. They deserve a high place on the list because of their attention to detail and successful execution of business goals.
Market Type
Consumer Loans
Average Returns
9 - 12%
Minimum Investment
EUR 10
Signup Bonus
0.5%
Registered users
70,000
Total funds invested
EUR 1.8 Billion
Default rate
7%
Regulating entity
Self-Regulated/EU Compliant
Buyback guarantee
Secondary market
Payment methods
Bank Transfer, Bank Card, TransferWise
Withdrawal methods
Bank Transfer, Bank Card, TransferWise
PeerBerry is an excellent P2P platform to its 100 percent successful fund recovery track record. They offer slightly below market interest rates in exchange for a guarantee users will never lose their funds.
Market Type
Consumer Loans
Average Returns
9 - 12%
Minimum Investment
EUR 10
Signup Bonus
1%
Registered users
500,000
Total funds invested
EUR 8.9 Billion
Default rate
16%
Regulating entity
Financial & Capital Market Comission (Latvia)
Buyback guarantee
Secondary market
Payment methods
PayPal, Bank Transfer, Credit Card, TransferWise
Withdrawal methods
Wire transfer, Credit Card
Mintos is P2P loan originator aggregator whom after years of slow growth exploded and became the number one P2P lending platform in Europe. Find out why in this review. Is Mintos an investment worth considering?
Market Type
Consumer Loans
Average Returns
8 - 10%
Minimum Investment
EUR 10
Signup Bonus
None
Registered users
36,000
Total funds invested
EUR 370 Million
Default rate
8%
Regulating entity
Estonian Financial Supervision Authority
Buyback guarantee
Secondary market
Payment methods
Bank Transfer, Trustly, Paysera, Revolut, TransferWise, ePay
Withdrawal methods
Bank Transfer
Iuvo is an award-winning P2P and personal-savings platform based in the Republic of Estonia and regulated by the Estonian Financial Supervision and Resolution Authority. The platform is well-funded, and works with several loan originators to market personal loans ranging from 1000 to 2500 EUR.
Verdict
Each of the platforms on this list offers special features that make it unique, and worth using, but if you must choose one, our top recommendation is Revinest24. The main reason is that the additional passive income generated from rental dividends and capital growth yield profits higher than most platforms can offer. Also, the marketplace is highly informative, and provides a greater sense of "hands-on" investment than the simpler listings found on other sites. Add to that the site's long history of success, and Reinvest24 stands atop the real-estate p2p mountain.