Just to respond to Blends reply below. I have now had £4k on the platform waiting to invest in a project. I have been in the lending queue for 6 months and have missed I think 5 or 6 opportunities. All the while it's earning me zero interest. I'm moving my cash onto another platform as this is a waste of time. They shouldn't accept your money if they have virtually no chance of investing it. Think this is a decent company but there are issues you need to be aware of before investing. First is that your money can sit in this platform for months while you wait in a queue to invest. All that time it isn't earning you any interest. The second is that when you get to finally invest the borrower can repay early meaning your money is back at the end of the lending queue. If you factor this in and the risks then your money might actually be better off in a high interest bond or even a savings account. the average interest on Blend is 8% you can now get 6% on a bond. The actual returns you get with Blend factoring the loan queue and early repayment is very poor. I’m now moving my money to alternative investment platforms
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BLEND is an investment platform for institutional investors and family offices to co-invest in real estate debt backing mid-market schemes underserved by traditional lenders.
