My P2P investment allocation is outlined below:

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How it all started

My initial investments (made 20 January 2019) totalled £9,000; split across the following six different P2P lending platforms:

I made sure that each investment was sufficient to take advantage of the cashback offers available at the time. Provided the platforms experience no issues, I will receive £530 cashback (5.9% of my investment) which partially offsets the associated investment risk and provides an excellent opportunity to earn boosted first year returns.

I have curated a full list of current P2P cashback offers – if you are going to invest, it is definitely worth taking advantage. Generally, most providers will credit this cashback to your account after a period of one year, though some offer earlier payment terms (e.g. Kuflink cashback is paid within 21 working days).

Investment updates

Growth Street

Growth Street is one of my favourite peer-to-peer investments. Funds are automatically diversified across the various working capital loans on the platform (and thus no substantial legwork is required) and has delivered consistent returns of 5.3% with no issues to note. I have added to my initial investment and am choosing to reinvest all interest. In normal conditions, cash should be accessible within 30 days. Sign-up link.

Kuflink

I am also very happy with the performance of my Kuflink investment. I initially invested in individual bridging loans – each of these have since been fully repaid. I have now invested my funds in Kuflink’s 3-year innovative finance ISA account. Returns of 6.0 to 7.0% consistently achieved with no issues to note so far. Sign-up link.

Property Partner

I originally invested in an opportunistic fund launched by Property Partner, and then made a further investment in a singular development loan. After a few months, Property Partner changed its terms and introduced a tiered account management fee. I opted to resell my investment at this point, making a tidy profit. Development loan bonds cannot be resold on the platform, so I intend to hold this to maturity. Once repaid, I may reinvest a small portion of the funds back onto the platform. Sign-up link.

RateSetter

I’ve been very happy with the performance of my RateSetter investment thus far. It has delivered the returns promised whilst reselling investments to others appears to be quick and easy (remember, not guaranteed). RateSetter is one of the largest platforms and has reported profitability in periods where marketing expenditure to secure new customers has been scaled back. For this reason, I’m happy to leave this investment untouched. Sign-up link.

Lending Works

Since investing in Lending Works, I have consistently received the advertised interest with no issues. I prefer investing in the ‘Flexible’ plan, which features no resale fee. Higher rates are available if you are happy to accept a resale fee. Sign-up link.

Funding Circle

My Funding Circle investment has performed strongly to date (7.8% returns) though I have reduced my exposure due to significantly increased selling time-frames. I am still winding down my investment at the moment but will likely retain a small investment balance. Sign-up link.

New P2P investments

Loanpad

Loanpad is a relatively new peer-to-peer lending platform but definitely one of my personal favourites. I’m a big fan of the concept – the platform offers investors exposure to the lower risk portion of bridging/development loans, with a lending partner taking on the higher risk position. I am currently reinvesting all interest within the ‘Premium’ account offering which pays 5.0% and offers access to cash within 60 days in normal market conditions. Sign-up link.

Assetz Capital

My largest P2P investment is currently held with Assetz Capital in their 90 Day Access Account. I am invested via both standard and IFISA accounts and have been very pleased with the investment performance to date. I am reinvesting all interest at the moment, but will most likely withdraw the non-ISA funds once cashback has been received to reduce my exposure a little bit. Sign-up link.

Unbolted

I’ve been happy with the performance of Unbolted as it has achieved strong interest rate to date with no issues. My only qualm is that there’s no ability to resell investments but this is understandable as the loans tend to be short term. I retain a small investment balance here. Sign-up link.

Easy Money

I have dipped my toes in the water with a small balance at Easy Money. Unfortunately, Easy Money has a tiered interest rate structure whereby to get access to higher rates you need to invest significantly more money in the platform. As I prefer other property investment platforms like Loanpad and Kuflink, I only maintain a small investment holding. Sign-up link.