Not sure, Dave. But sic code is not legally binding and you can always modify it I believe.

Hi Andrew, Zopa is in no way similar to the bond market when it comes to capital safety. I find Zopa much riskier (and speculative) compared to a long-term government bond.

What I meant is that selling Zopa loans before their expiry date behaves similarly to how selling another type of loan (e.g. a bond) would behave if you try to sell before their expiry date. But when it comes to capital preservation, there is a higher risk of Zopa defaulting until maturity, compared to a gov bond.

Another crucial difference I see has to do with selling at a higher price. You can usually sell a bond at a higher price when interest rates plummet, but you cannot sell a Zopa loan higher.

Glad you’re enjoying the blog articles, Andrew. Zopa’s adjustment fee is not a catch per se. Similar to how bonds work, if a new bond paying a higher interest is on sale for the same risk/category, then your current bond should sell for a lower price if you try to sell it. Makes sense. I never use the sell function, but let the loans complete. This way you take your money back without extra fees.

This period of time, Ratesetter pays a higher interest and they also cover losses using a provision fund. I quite like this.

Hi Alex and thanks for your comment!

You can open a company account with Zopa. Although it’s not mentioned on the website, give them a call and they’ll let you know what company documents they need. I’ve done it before and found the process easy to follow.

I really enjoyed your articles, particularily the one about investing your LTD company’s money. I wanted to ask you if you opened the Zopa account in your or your company’s name (the equivalent of a personal or a business account if zopa were a bank)? I’m asking since it would make sense if you’re investing the company’s money to create the account in your company’s name, but I couldn’t find how to do it for Zopa (and you mentioned passports, which sound like a personal identification and not a business one).

Could you please ellaborate?

Hi Dave,

Thanks for your insights! Being such an early p2p investor in Zopa, you probably know it more than anyone. I don’t mind the current automatic selection of loans but what I do mind is the drop in rates from 6.5% to 5.4% recently. Have you tried any other p2p platforms since then?