Latest statement follows:
The interest payment for October was £69.59 which is almost identical to last month. A couple of loans were paid back and the cash invested in a number of other properties via the “auto invest” function to bring the number properties to 50. I also added extra funds of just under £600.
Income September 2017: £69.59
Total Income to Date: £409.80
There are still 3 loans in the self select account (i.e. outside the ISA) now worth a total of £149.26. Two of these are in arrears and one is live. I can’t sell the two loans in arrears since LendingCrowd don’t allow that (and no-one would buy it in any case!) The live loan was previously in arrears and has recently been made good by the borrower, so this might become available to sell if it remains in good standing. So far it remains in good standing.
Total Income: £53.63 (consisting of £177.81 less loan losses of £66.71 and fees of £57.47)
Self-Select ISA Account
Total Income: £119.17 (consisting of £143.74 less £24.57 in fees)
I’m now invested in 11 loans, all of them types of property or land. Interest payments to date are £95.45 and a couple of the original loans have been repaid. . I’ve also taken the opportunity to open an account for Mrs J with a spare £125 I had. Interest payments so far are £4.96 on two loans.
Total invested so far is £3762.09, on 14 different investments and dividends of £56.44 have been received to date.
Total Holdings as at November 1st 2017
LendingCrowd ISA: £4624.39
This represents 12.76% of the mortgage outstanding of £183,364.09.
At the current point in time repayment of the mortgage would therefore be by using:
£23398.11 from my P2P Investment Portfolio (12.76%)
£160,695.96 from my SIPP (87.24%)
Of course, I have another 9 years to alter the balance here which means increasing the value of the P2P portfolio and therefore reduce the amount needed from my SIPP.
It’s important to note that, since I am over the age of 55 then I can choose to take money from my SIPP at any time. The first 25% of this, at the date of writing, can be taken tax free. Obviously the ideal would be to take the required money (in this case £160,695.96) tax free which implies a SIPP value of £642,783.84.