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:

  • Growth Street – £2,000 (£200 cashback claimed)
  • Kuflink – £500 (£100 cashback claimed)
  • Property Partner – £2,000 (£30 cashback claimed)
  • RateSetter – £1,500 (£100 cashback claimed)
  • Lending Works – £1,000 (£50 cashback claimed)
  • Funding Circle – £2,000 (£50 cashback claimed)
  • Growth Street (platform winding up operations) – £2,000 (£200 cashback claimed)

I made sure that each investment was sufficient to take advantage of the cashback offers available at the time. I received £530 cashback (5.9% of my investment) which provided excellent 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


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. I continue to like the type of loans offered by the platform. 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 is currently experiencing investor liquidity issues (withdrawal levels exceeding new deposits) and has temporarily reduced interest rates to bolster its provision fund. This means that there is a large queue to withdraw funds from the platform. I hope that over time, normal conditions will return. However, for now, I would not recommend this account to new investors as the interest premium is not sufficient in my view to justify the lack of liquidity. Sign-up link.

Lending Works

Similar to RateSetter, Lending Works is currently experiencing investor liquidity issues and has stopped investors from depositing further funds onto the platform. Whilst existing loans continue to operate in line with terms, cash is not readily available to withdraw. I am winding down my investment here as I do not believe the interest premium to be sufficient given the lack of liquidity.

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 to lower levels at the moment. Sign-up link.

New P2P investments


Loanpad is my favourite P2P platform – it 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

Assetz Capital remain one of my favourite P2P platforms. 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.


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.