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Estate Agents in Southsea
Lendy Limited - Portsmouth

Lendy Limited - Portsmouth

34 reviews

Opens tomorrow at 9:00am

Brankesmere Queens Crescent,Southsea, PO5 3HT

Lendy Limited - Portsmouth hasn't listed any properties for sale in the last 6 months. This could be because the agent specialises in lettings, or the branch may be closed. Lendy Limited - Portsmouth does have 34 reviews, with an average score of 1/5 If you're looking to sell in Southsea, you may want to choose an agent with more experience. Covering this area are other estate agents, such as Jeffries Estate Agents - Southsea and Martin & Co - Portsmouth. However to see who will objectively do the best job selling your home, make sure you use our comparison tool.

Opening hours

Monday 9:00am - 5:00pm
Tuesday 9:00am - 5:00pm
Wednesday 9:00am - 5:00pm
Thursday 9:00am - 5:00pm
Friday 9:00am - 5:00pm
Saturday Closed
Sunday Closed

View all details

Lendy Limited - Portsmouth Reviews (34)

Have you used this agent?

E Halil

I invested with Lendy in 2018. The company is in administration and it's investors have still not been payed back despite the fact that Lendy was misleading investors by claiming all loans are backed by the property that the loan is taken against. Will investors ever see their money? probably not as its a Ltd company and the directors are not held responsible.... Read more

3rd Feb 2022 (2 years ago)

I Holt

Dodgy outfit... Read more

5th Aug 2019 (5 years ago)

M MT

Most of the loans are default.... Read more

19th Jul 2019 (5 years ago)

A Wilkie

The problem with Lendy is that they lent investors money on many assets which have subsequently failed to repay interest or capital. As of April 2019 there were over £88m of non-performing loans. It is unknown how much of this will ever be recovered for the lenders. Meanwhile their funds are stuck. However good the website and communication was (and however enjoyable to get 12% returns - if you do) the apparently poor appraisal of the underlying quality of many loans is deeply disappointing for many lenders. (Since originally writing this, Lendy has gone into administration and further lending halted, bearing out my previous assessment. For lenders, this may not be as unfortunate as it appears, as there will be an organised wind-down. Although this will take time, the administrators have to protect their interests and attempt to recover as much as possible of the outstanding capital. In practice actual returns will vary and the poorer loans may have little value, particularly after allowing for the administrators' fees .) Lenders may want to assess whether there could be similar risks on other platforms offering high returns (or even some with lower returns).... Read more

18th Jul 2019 (5 years ago)

B juice

Lendy Action Group Scam Lendy action group is a scam. It is run by former lendy employees and the woman Lisa Taylor is posting ugly messages about politicians on her main facebook page. Just google her name and the messages she posted in lendy action group urging investors not to take any action against the scammers and if you do say something she will have you banned from the group. Beware if you join the group that it is gathering info you have and they will use the info in potential cases against lendy and its scammers.... Read more

12th Jul 2019 (5 years ago)

L Brooke

Dear Investor As an investor on the Lendy platform, I am writing to you to apologise yet again, that the repayment process has been significantly behind expectation on some of the loans you have invested in. I know we promised some updates...….so sorry. But I've been a bit busy sorting out my gear for Cowes week. We are well aware that some investors have expressed their concern, both in the media and on public forums, about the slow pace of repayments on some loans that they have made through the Lendy platform. We really accept that there have been very long delays on repayments and we want you to know what actions we have taken to resolve those loans affected by deferred repayment.Sorry we haven't been very effective....maybe things will get better next month..maybe not? Who knows? We have undertaken a thorough review of our recovery process to improve the speed at which recoveries are undertaken and ensure that we are using all the right tools to maximise recoveries. We have identified areas where we can make substantial improvements to our recoveries process which is why I am writing to you now. The core areas that have been addressed are: Governance Financial Controls Liquidity Collections Compliance Whilst improving the performance of recoveries is a priority for Lendy, we are also looking to enhance the quality the communications we provide to investors, following the concerns you have raised. If you have questions, please do email them to ask@lendy. We will collate the themes and answer them in the coming days. I hope this will bring assurance that we are absolutely committed to making improvements in our service and faster and better recovery rates are at the core of that process. Yours sincerely, Liam Brooke, CEO & Founder... Read more

24th May 2019 (5 years ago)

S R

This is what I have put on Trustpilot but they have a habit of removing criticism of this company. Okay I wrote a positive review two years ago for Lendy. Since then I have like all the others been totally disappointed and let down by this company. I first began becoming concerned when all of a sudden the company name changed from Saving Stream to Lendy with no announcement. An email I sent to the support site was abrupt and not friendly. I carried on "investing" very small amounts into August 2017 when alarm bells began to ring. Since then I have received some of the funds and interest back but there is no movement on majority of my defaulted loans (three of which are now nearly 1000 days overdue). I am now no longer "investing" in P2P and relying purely on Index investing with Vanguard. At least I know the reason for losing money in these. It is very poor on loans to companies and the story of Lendy will be a warning I believe for other investors wanting to get into P2P lending. Just don't do it.... Read more

14th May 2019 (5 years ago)

D Stevens

Stay well away from putting any money in with this company.... Read more

30th Apr 2019 (5 years ago)

M quest

Most of the loans are default. Even worse: you get involved in a law suit with the borrowers. NEVER EVER would I invest money again in this company. There are so many good alternatives out there....... Read more

6th Apr 2019 (5 years ago)

M Buraz

Do not invest with them as you are 99% likely to lose everything you invest. They have been lending the money carelessly to the borrowers{loan to (GDV) gross development value)} and money is not spent to finish the work because they are better off not finishing it and they declare themselves bankrupt and they can’t claim all the money even after they sell all the borrowers assets as their current value is up to 50-70% less than the GDV. Loan should have been loan to the current value of the assets not GDV nobody has see the future or can trust anybody. Those borrowers are the people who couldn’t get a loan from bank and they come to lendy and easily get it and vanish.... Read more

25th Mar 2019 (5 years ago)

T Cha

Terrible company - it's all lies. All my loans are under "default" and unsellable in the secondary market. Customer service is a joke and there's zero protection despite what they say... do not go with them at all. If you don't believe me just google them - the FT did a good piece about how their investors are being sued by their borrowers which sounds ridiculous!!... Read more

12th Mar 2019 (5 years ago)

J Reece

I made the decision over 3 years ago to invest with Lendy in P2P lending as I was looking for alternative ways to save to buy my first home. I've been patient as to hold back on the negative review as I wanted to see if somehow Lendy could turn around the utter disaster they call a lending platform, and that's without including how diabolical their customer service is! Almost 900 days one of my investments has been in default for, and all you get in the updates list is the same generic update that 'they are progressing with the matter'. When what it's really saying is that we know there's a problem and we will get around to it, but as it's the new investments that make us more money, not the existing ones, it's not on the top of our priority list. Some investors who were there in Lendy's early days may remember that on their website, they advertised that a margin of the profits made went in to a recovery pot which would be used as a resource should the worst outcome happen to investors. I would like to know why this promise to investors has magically dissappeared from the website? Where is that pot of money now sitting? The same promise and money which was what persuaded me to take the risk and invest with Lendy originally. I have made the decision myself to give Lendy till the end of the year to repay my loans, by any means necessary. If not, I will take legal action against them and use their magically disappeared investor promise as my case! To anyone considering investing with Lendy, take head to my experience to base your decision. It sounds great, but in reality you'll be left worse off 3 years down the line than when you started!... Read more

8th Mar 2019 (5 years ago)

N Bailey

Terrible company, most loans in default.... Read more

6th Feb 2019 (5 years ago)

Peter

The loans will default and they will keep on producing excuses until you forget about the money you lost. For instance I've got 10 loans that are 600+ days late and "updates" have been generated every two months for the past four years to simulate activity, just so that they don't proclaim the loan as defaulted. Not a recommended service.... Read more

1st Feb 2019 (5 years ago)

N 15111978

I seem to be losing money compared to others P2P Lending platforms which are making money... Read more

21st Jan 2019 (5 years ago)

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