Ablrate Account Information
Updated May 2019
Detailed Account Information & Screen Shots
First Investment – February 2019
Initial Investment – £500
Total Invested – £1,600
Total Return – £34.46
ROI% (per lender) – 12.00%
XIRR – 15.95%
Each month I send out an update on all of my Peer to Peer lending accounts. Below are the excerpts specific to Assetz Capital. Click here for all lender updates
I’m learning that Ablrate seems to be a decent lender with some good loans to invest in. However there are not so many loans (only saw 1 new loan in April). This makes is difficult to diversify as I would like. The answer of course is to put more capital in to each loan as I do with Kuflink on the low LTV loans.
I’m not quite there with Ablrate yet though. I’ll watch them for a little longer with my small investment and see how things progress.
You can see below a list of the loans I’ve picked up so far. All pay very decent returns.
As of today (April 30th 2019) there are only 2 loans available on the primary market (see below). I did send in another £100 to get into the Industrial Land Purchase loan when that come up at 14%.
I increased my investment in Ablrate to £1500 in March. The interest rates are great, however there are not so many loans (I think only 2 new loans in March) so diversification is difficult. I picked up a few on the secondary market but I’m still only into a total of 12 loans so far. One new loan is pending so that makes 13 and I have one bid in the secondary market.
There are many more loans available on Ablrate (I count a total of 49 available for sale on the secondary market), however many of them are with the same company. I only want to be in 1 loan with 1 company at the moment. Maybe I’ll change my mind more later but for now, I figure if a company goes out of business, ALL the loans would likely go with it. Even though they might be asset secured, it could take ages to get them all sorted out.
Ablrate is a lender that has been around for a few years. They have historically mostly offered loans on airplanes, however now they have several different loans available. They are not like some of the bigger players with hundreds or thousands of loans available, so I consider them much higher risk than most of my other Peer to Peer investments. The interest rates they offer tend to reflect this though. Their loans are all secured and they have a very good reputation in the industry for due diligence on loans so have a very low default rate. They also have a very good track record for recovery of defaulted loans.
This is my first month with Ablrate so I won’t go in to a lot of detail here. Let’s see how they go moving forward and give me a bit of time to understand their lending model better.
Here are a couple of the loans currently available with Ablrate
This is the kind of detail available on each loan.