4th Way names top six P2P platforms of 2022
Peer-to-peer lending review site 4th Way has named its top six platforms of 2022, based on a range of factors including integrity, returns and risk profiling.
The top six platforms are: CapitalStackers, Loanpad, Proplend, CrowdProperty, Kuflink and CapitalRise.
Neil Faulkner (pictured), chief executive and head of research at 4th Way, said that CapitalStackers was chosen due to its “talented, honest management team” which has enabled investors to consistently earn high interest rates of up to 12.91 per cent per annum.
Read more: Neil Faulkner completes Peer2Peer Finance Awards judging panel
Loanpad was described as “the lowest-risk P2P lending company in the UK, and probably one of the safest investments anywhere, in any asset class”. Faulkner added that Loanpad’s investors have praised the platform’s ability to facilitate relending.
4th Way praised Proplend for being “extremely active – and successful – at keeping its borrowers and lenders in healthy shape”. It also noted that Proplend had “an unusually excellent level of protection” with “very attractive” rates.
Meanwhile, CrowdProperty was described as having a “perfect record”, with all loans repaid in full and all outstanding loans in good standing.
Kuflink was also highlighted for its great record, while 4th Way praised the property lender for continuing to lend during the pandemic.
Read more: P2P well placed for a recession
And CapitalRise was singled out for its “professionalism” and ability to deliver investor returns of between eight and 10 per cent.
“The industry itself makes it relatively easy to find enough quality opportunities,” said Faulkner.
“With today’s report into the best of the best, you’ll see that the top standards in P2P lending remain very high and the risk-reward balance excellent.
“Investors who spread their money across some of what I consider to be the best P2P lending accounts in the UK today can strongly expect to enjoy extremely attractive and stable results.
“The most likely overall return is between five per cent and eight per cent per year.”
Read more: How to read P2P platform data