I think the platform is good with a nice secondary market and lots of info on each loan.
I had some concerns over the LTV calculations. Relendex have explained to me how it works in practice however there are still gaps in my understanding. Saying that, as long as the LTV is kept to the stated figure throughout the duration of the development in case things go wrong then I am happy to invest on the platform.
Review by Reich1 year ago
Extremely user-friendly platform, great lenders' rates, helpful support. Will recommend
Review by GESJr Koksal1 year ago
From my experience of investing with P2Ps for the past six years I feel Relendex suits me well, semi retired but with younger kids still going through uni that I am. I rely on regular income from my investment portfolio and would not have stomach to experience a major capital loss. It's my retirement money after all. Sure, there are bridging deals out there offering way more yield, but I am not prepared to risk my money on these. The flip side, Relendex's underwriting style means deals sometimes take time to close. From speaking to management I understand they are not prepared to release funds even with a minor wrinkle. As the return OF capital is more important than the return ON capital I am ok with this for as long as their underwriting standards remain solid and the coupons keep rolling.
Review by Umaarah1 year ago
Night mare to sign in far to much information requested which in the wrong hands could be highly dangerous to your I D and financial standing.
Would advise do not register
Stay well clear
Review by Chinibaba1 year ago
An intuitive and easy to use platform and lots of great properties to loan on with great rates offered. Been lending on Relendex for a few months now and have been very happy. Would definitely recommend.
Review by Fmac1 year ago
For those that follow theses things Relendex has been through a few changes. And these have worked. Relendex now has one of the easiest property based P2P sites around, and thanks to the "no-fee" Auctions marketplace there is the opportunity to both exit ones investment early, or buy investments diversifying risk- you are not stuck with just the investments where you participated in the original auction- also investments bought in this way start earning interest immediately, .you haven't got to wait for the deal to close. They also look to have some meaningful institutional investors participating in the auctions which gives further confidence. As far as I can see all the investments they have are paying out, interest being earned as expected.
I was an original fan of Relendex and was sad when they didn't live up to their initial promise- however, a few years on, they seem to have got the offering right. I would willingly recommend them to anyone looking at property backed P2P that has relatively low to middling risk.
Review by Dharmrajsinh Lds1 year ago
Well managed P2P with a solid secondary market.
Review by Mohanikumari1 year ago
The platform is straightforward to use. I have one concern, the LTV being based upon the gross developed value and not necessarily the realisable value in the case of borrower default prior to completion of a development project. This greatly increases risk when compared with other competitive sites, and lenders should be made aware of this on the platform.
Also, one criticism of the Relendex team is that they are poor at responding to queries.
Review by Johnjon1 year ago
Well managed FCA authorised company giving us excellent returns. Up to now we had our cash in the bank earning nothing, this will make a real improvement to our bottom line
Review by Vedasree2 years ago
Relendex provides an excellent P2P investment service for the more experienced P2P lender, and for larger amounts.(The minimum bid is £500). Opening an ISA was very straightforward. Bidding is simple. I have only seen one auction open at a time, and there are a few loans on the resale market, but purchase is straightforward. The loans are bridging and development.
Review by Uanderson Cherpanath2 years ago
Simple and easy way to invest. Good communication of changes.
Review by Majatalo2 years ago
Fantastic experience of investing in Relendex.
Review by Thoralor2 years ago
keeps me from obtaining info
would never invest with them again
Review by Johnustomer Munyawiri2 years ago
I opened my account within 24 hours. When I transfer money in, it is credited almost immediately. It is easy to lend money. There is as much information as I need to decide if I like a particular loan. Interest is credited upon receipt. The returns are excellent.
Review by Lynzie2 years ago
Good P2P but availability of investments is not very frequent
Review by Bafford Pertell2 years ago
Would recommend Relendex' ISA, yes. Did not even need a printer and given how temperamental my phone's scanning app is opening an ISA last year drove me up a wall.... So pleasantly surprised that Relendex keeps everything online - docusign is a major improvement on my bank's old school ways :) 30 min start to finish, could have been faster but there is a bit of small print to read here and there, Cheers for a great Q&A section, guys!
Review by MageddonOFcars2 years ago
Informative and good rated of interest
Review by NigelMachin2 years ago
I am happy to stay with Relendex for my 'peer to peer' lending. On the odd occasion I have had to call the helpline I've always found the people pleasant, helpful and informative. I will recommend to others.
Review by DavidBowtell2 years ago
I have been investing with Relendex for over 6 months now. Compared to other P2P platforms the company offers deals with good collateral. Interest rates are competitive plus they allow lenders from overseas which is not always the case for UK-based P2P platforms.
Review by Wrinckley2 years ago
If you are looking for diversification of your P2P lending portfolio, Relendex is definitely a good choice. Interest rates are competitive, the platform is easy to sign up and use. Pipeline of loans, that once's been short, is now rapidly growing.
Review by TradeWInds Hinchcliff2 years ago
I have now made about five loans on Relendex. The interest rates received have been excellent and interest and capital has been paid on time. The fact that Relendex takes a first charge over the property and has conservative lending criteria means lenders have a lot of security and protection. In some cases PGs are also in place. I think Relendex is a bit of an uncovered gem, if you are thinking of making P2P loans on line why not do it with the added advantage and comfort of strong security.
Review by DuPhuong Great3 years ago
This company is run by trustworthy people. Like others I would prefer there to be more opportunities to lend but the number of deals seems to be picking up. The returns are very good for the risks involved.
Review by Rishad Silz3 years ago
We have invested in a number of opportunities and found the process easy to follow and it has given us good returns for the risk we are willing to take. All amounts invested have generated great returns and our capital has been repaid as promised. The Relendex team have also been very helpful in preparing documentation about the opportunity in advance as well as supporting us if we have had any questions or queries. We would like to see an increase in the volumes of deals / opportunities
Review by Goatboy3 years ago
High interest rates on secured loans. Where else will you find such high returns? Relendex has been super helpful - always contactable via phone or email. I cannot recommend Relendex highly enough.
Review by Chaturika3 years ago
I became interested in P2P lending some time ago but it was a newspaper article that alerted me to Relendex. The appeal was obvious but I adopted a cautious stance in the beginning as the administration and payment history were untried, After many successful loans, I can say that everything has been conducted in a very professional manner and I think Relendex is building an enviable track record. I continue to recommend them