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Bagpuss
7th April 2008, 15:29
Anyone making good money on Zopa now the banks are withdrawing the cheap deals. Surely now there is the potential for > 10% returns on loans?

AtW
7th April 2008, 15:31
Would you really want to load to people who won't get loan elsewhere and have to pay 10% for that? Might as well invested into retirement property on Lake Chicamocomico.

Bagpuss
7th April 2008, 15:33
Just had a look on Zopa and this made me laugh....

Looking to consolidate my current credit so I can save for a deposit on my first house!
Borrower: Remis
Amount requested: £5,030.00
Preferred rate: 11.00%

DimPrawn
7th April 2008, 17:19
Anyone making good money on Zopa now the banks are withdrawing the cheap deals. Surely now there is the potential for > 10% returns on loans?

I'm looking into it. I reckon there is money to be made.

However, of course, easy money can be had with another BTL, which guarantees 10% return forever, at no risk or effort.

:wink