BondMason Avis 54

Hands-off type of investment, good return rate and my deposited cash was invested in the advertised timeframe.

Good early impressions

Everything to date has been exactly as advertised. Opening the account was easy, adding funds straight forward and I received prompt confirmation from BondMason that the funds had been received. I have yet to liquidate any investments with BondMason so cannot comment on that area yet.

Communication is both prompt and jargon free, giving me a high level of confidence in Stephen Findlay and his team.

Only been a member for 2 months. But so far so good. Easy to invest and the returns look good. Unlike some other investment sites the money seems to be invested very quickly.

all working well, BondMason are doing a good job and are responsive to my questions. I like it so far, no reservations and have recommended BondMason to others

I like their approach and attitude to investing. The customer service has been exemplary.

One of the easiest ways to a good return with very low hassle. It really is far more transfer-and-forget than any other P2P site, with good returns and low fees. It would be nice to see a bit more detail on the individual investments, and to have a bit more control on asset classes, though.

I have just read BondMason's reply to a one star reviewer and am impressed by the tone of the reply and the detailed information in it.

I have tried a few P2P platforms. I won't stay with all of them for various reasons. But, in my opinion, BondMason is worth staying with. I am very risk averse so wouldn't give 5 stars to a P2P platform. Keep up the good work!

Currently invested in four p2p sites, BondMason has impressed me by the speed of response to my enquiry, early days for me with BM but given my experience to date I will be investing more with them.

Twelve months on, still impressed, site being wound down most of moneys returned and all done in a very professional way, I wish that other p2p sites had conducted themselves in a similar way

Easy to use and the platform clearly shows where my money is and how the interest grows on a daily basis.

I've just finished my quarter as an investor and have been pleased by all aspects of the BM service to date.

Steve, and several other team members have always been quick to respond to the questions and the few concenrns that I have had. Their support has given me the confidence to invest a mid-five figure sum on the platform and the interest has rolled in steadily. I am not aware of any defaults nor issues with my current 150+ loans that are spread across different borrower types.

In contrast to some of the larger and largely automated P2P platforms at BM you do perceive close ties between lenders and those in the office putting your capital to work. However, being human, they do in fact take weekends off, and deposits that don't make the cutoff of a Friday may not appear in your account until the next working day, i.e the following week (note to self!). Similarly, I am aware that a small percantage of my investment has not been continuously allocated, and therefore, has not been earning interest.

Overall, I'm happy with the service and have recommended it to friends/family. I look forward to increasing my investment in line with my desired asset allocation. Thanks!

This is not P2P.

You actually loan money to Bondmason, which then uses that to buy an IOU from a separate, but associated, company called Bondmason Client Ltd.
As per the T&Cs...
“Lenders have no recourse against either the seller or the borrower under the loan related to the receivables in the event that the receivables are not paid to the BondMason Customer Funds Account.”

There are large, professional, Investments Trusts listed on the London Stock Exchange already doing this, ie. P2P Global, VPC Specialty Lending and Funding Circle SME Income Fund. None of which are returning above 7%.
How a brand new (very small) platform can outperform the professionals is highly questionable, and extremely risky - especially when they have no FCA accreditation!

The signing up process was prompt and I appreciated the personal response to the initial queries that I had about investing polices. I look forward to being updated with BondMason news.

For time poor capital rich this site does the work of choosing and managing the investments for you. A conservative target rate is better than many in the same type of market.
A way in to the invoice financing exposure with less than the usual minimum investments per loan.
Better qualified people assessing loans should help avoid some of the bad debts we see on p2p sites.
Slow, but within company stated time, to fully invest your funds.
Very rapid and candid responses to e mailed questions.
Negative is that an investor does not know which loans on which platforms they are exposed too. This makes the balancing of ones portfolio impossible.

I've been very pleased at the way in which the system works, investment is automatically spread over a large number of loans with varying risk/interest rates with up to now over 8% return net

Not everyone is comfortable with taking risks. But by investing in a large number of individual loans the risk is greatly reduced. Doing this yourself may bring higher returns but time and care is needed. BondMason offers to do the hard work by spreading your investment into 50 or 100 loan parts. You can opt for automatic reinvestment of both capital and interest. BondMason subtracts a 1% fee for the work but a return of 7.0%pa or more can be expected. The website is updated daily to show the detail of each loan together with accumulated interest. A minimum opening deposit of £1,000 is required though. I opened an account a few months ago to see how it all works and my wife has joined in because she likes the "invest and forget" formula.

I have used many peer to peer lending sites over the last 5 years and this is the best by far, they manage my account for me only investing in carefully selected loans, they have diversified my account and after fees and currently no bad debt to date (6 months) I am still archiving 8.3% after fees.

The customer service is brilliant, replying to emails in minutes answering all questions, really can't fault bondmason, earning great rates of return without the need to monitor my account 24/7 well done Bondnason

Good customer service. Investment diversified quickly. Time will tell but good start.

See below for update:
I am still a little unsure of Bondmason, it took ages for my money to become invested and Bondmason takes charges from the word go. Having been invested for 2 months the income is more accrued than paid and some investments seem to be invested and returned without interest and I can't work out whether interest is accrued or the investment didn't pay anything. Not as transparent as I would hope. I will give it a while longer but still sitting on the fence...

Update - Having conversed with Bondmason and obtained clarification of my concerns, I am happy to say that my issues have been cleared up and I am happy to remain invested and watch the performance over time. Bondmason have been receptive and communicative and have cleared up any issues I had... Thank you....

As EIS investor and investor in the concept this is innovative concept that is worth considering.

Management and staff helpful and service orientated.