easyMoney Reviews 322

TrustScore 5 out of 5

4.9

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Rated 5 out of 5 stars

This is my 2nd positive review as I'm relieved and happy this is a genuine platform. I've been scammed before so super cautious. I've invested a little more since last year and now get 6.53% interes... See more

Company replied

Rated 5 out of 5 stars

Over 2 years investing with EasyMoney & they have been true to their name.... Monthly paid interest compounding. Withdrawn substantial amounts and the withdrawal process took less than 12 hours fr... See more

Rated 5 out of 5 stars

I used to own 10 HMO'S I've now sold 8 of them and put all the funds into Easymoney, as a professional lender I'm currently getting 9.5% return, I'm getting around the same return that I did with the... See more

Company replied

Rated 5 out of 5 stars

Wow I’ve never been more happy with something it feels like nowadays everything is a scam!! But this was not and I don’t even have the words other than YES DO IT!!

Company details

  1. Property Investment
  2. Investment company
  3. Investment service

Written by the company

easyMoney, an investment platform supported by a highly recognised brand in Europe. Experience the opportunity to invest in loans that are backed by UK property, offering an impressive target rate ranging from 5.28% to 9.5%. With easyMoney you can enjoy the convenience of receiving monthly interest payments while retaining the flexibility to request to withdraw at any time. * Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong.


Contact info

4.9

Excellent

TrustScore 5 out of 5

322 reviews

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No history of asking for reviews

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Rated 5 out of 5 stars

Easy by name and easy in practice

Very straightforward to invest in, and the interest rates are pretty reasonable. Haven't tried to take money out yet but am assuming that is also as straightforward as described.

7 August 2022
easyMoney logo

Reply from easyMoney

Dear Bob,

Many thanks for the positive review. Withdrawal is indeed straightforward and we are on hand to give any assistance should you need it. We really appreciate you taking the time to leave some feedback for the team as we read all the reviews. Thank you for being a great customer.

The easyMoney Team

Rated 1 out of 5 stars

Funds remain uninvested after 2 weeks, appalling

An update on the appalling service from Easymoney which keeps 4k of my funds uninvested after 14 days they have been deposited! Stay away

11 July 2022
Unprompted review
easyMoney logo

Reply from easyMoney

Dear investor,

The final portion of your investment is allocated to a loan which is currently going through our due diligence. This has taken a bit longer than we hoped to complete.

We are doing our best to get this loan cleared as soon as possible at which point you should be fully invested.

Thank you for your patience.

The easyMoney Team

Rated 5 out of 5 stars

Simple interface and easy to see…

Simple interface and easy to see investing options. Be aware that your money will have to be allocated to a loan before you get interest but otherwise no problems.

11 July 2022
easyMoney logo

Reply from easyMoney

Dear Marc,

Many thanks for leaving us 5 starts and for the extra note for new investors as this is a point which sometimes causes confusion. We really appreciate you taking the time to leave some feedback. Thank you for being a great customer.

The easyMoney Team

Rated 5 out of 5 stars
easyMoney logo

Reply from easyMoney

Dear Colin, We are very glad to hear you are finding our service easy to use. Thank you for the great review and for being a great customer. The easyMoney Team.

Rated 4 out of 5 stars

First 6 months (early days).

First 6 months (early days).
Multiple deposits and a transfer from standard account to IFISA went without a hitch.
It can take up to 14 days for a deposit to be invested, but this is in line with other platforms.
How easy it is to get my money back... to be seen!

9 July 2022
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Reply from easyMoney

Dear Mr. Martin,

Many thanks for the positive review. We hope to earn the full five stars over the next 6 months! In the meantime, thank you for being a great customer. The easyMoney Team.

Rated 3 out of 5 stars

Few issues connecting to my bank…

Few issues connecting to my bank bucompleted pleted

9 July 2022
easyMoney logo

Reply from easyMoney

Dear David,

Many thanks for the feedback.

We trust the issues you experienced connecting your bank are now resolved.

Please do not hesitate to contact us on support@easymoney.com if you have any questions or queries.

Kind regards,

The easyMoney Team

Rated 2 out of 5 stars

Other alternatives

Interest rate low compared to other options

3 July 2022
easyMoney logo

Reply from easyMoney

Dear Trevor,

Thank you for the feedback on our rates.

It is something we are constantly reviewing and need to take into account both the rates we can offer both borrowers and investors to ensure we remain competitive.

Please note we also adjust our rates based on the risk rating assigned to each loan.

Nonetheless your feedback will be passed on to the wider team.

Many thanks,

Jamie at easyMoney

Rated 3 out of 5 stars

I have deposited £2k to evaluate the…

I have deposited £2k to evaluate the site. I have neither positive or negative comments as yet other than my money is less spread than other sites that may give rise to higher risk.

2 July 2022
easyMoney logo

Reply from easyMoney

Dear Ron,

Many thanks for the feedback.

We will continue to diversify your investment as time goes on.

Initially you may be in a just a few loans but as new loans are added to the platform, once they are funded, we find opportunities where investors can trade positions to both benefits from further diversification.

Please keep an eye on your portfolio as time goes on to see this in action.

Kind regards,
The easyMoney Team

Rated 5 out of 5 stars

Im just starting small so but very…

Im just starting small so but very promising, I like most of all is the fact i can withdraw anytime just merely a month wait, not that I want to, but it the main reason why I pick this to invest in and build up in many months years to come!
I can see easily how profits will be very good, like I said it small and just beginning but in the end with build up!

2 July 2022
Rated 1 out of 5 stars

Very disappointed with Easymoney bad…

Very disappointed with Easymoney bad practises. My wife invested 20k attracted by the rates and the 20k are still uninvested after few days. What the point to invest in this IFISA if there is no return, especially in this inflation context. Such a shame to see companies like that using the cashflow from their customers instead of investing them as promised

30 June 2022
Unprompted review
easyMoney logo

Reply from easyMoney

Dear Guillaume,

We are very saddened to read this review.

Waiting a short while for funds to be invested is a fairly normal part of peer-to-peer investing as we need to match funds to loans and are not a cash savings account.

This is accounted for in our advertised target rate as best we can and you will find that the loans are allocated across a range of rates with our advertised target rate being a weighted average of these.

The time taken to have your funds invested where it is not earning interest is known as "cash drag". Although we are calculating this into our target rate, this is still highlighted as the very first risk on our understanding the risks page here: https://easymoney.com/understanding-the-risks

The actual results of our advertised rates vs the rate investors are achieving on our platform is published in our "Outcomes Statement" on our statistics page here: https://easymoney.com/statistics

You will find that some of the loans your wife will be allocated will be at a higher rate than the advertised rate depending on the risk rating of the loan which feeds into this calculation.

We believe a majority of our investors would prefer we take the time needed to ensure they are allocated high quality loans rather than rush loans through to get their funds invested.

We understand this can sometimes be frustrating and we will continue to find ways to minimise this wait time.

Your wife's funds should be invested shortly and we hope we can turn this review around into a positive one.

Kind regards,

Jamie at easyMoney

Rated 5 out of 5 stars

EasyMoney, really easy.

Using EasyMoney for more than 2 years

Less than 24 hours to answer my questions when needed .

Quick to withdraw money if necessary.
Simple and quick to invest. Profits paid always on time.

15 May 2022
Unprompted review
Rated 5 out of 5 stars

Straightforward savings vehicle

Straightforward savings vehicle which provides higher percentage rate than the high street banks. Yes, there is a risk but in my (cautious) opinion, the risk is worth it due to the type of investment being made.
On occasions when I had to telephone the office (in the early days), staff have been most helpful and friendly.
Would recommend them to anyone looking to get a half decent return on their money.

15 May 2022
Unprompted review
Rated 5 out of 5 stars

Easy to invest

Easy to invest and understand loans made and interest accrued. Feel very comfortable with this investment

15 May 2022
Unprompted review
Rated 5 out of 5 stars

So far so good

So far so good. Interest rolls in every month. No problems so far.

29 April 2022
easyMoney logo

Reply from easyMoney

Hi Mary

Thank you for taking the time to leave your review, it is great to hear you are pleased with our service.

Kind regards,
easyMoney

Rated 4 out of 5 stars

All good so far

All good so far.
It took a little while for my money to fund a loan but the interest is rolling in now.
Interest falls a bit short of the advertised rate but then I am only trialling a smallish loan at this stage.
Will update once this set of loans is completed.

28 April 2022
easyMoney logo

Reply from easyMoney

Hi Alan,

Thank you for taking the time to leave your review, it is great to hear you are pleased with our service.

Looking forward to the update.

Kind regards,
easyMoney

Rated 5 out of 5 stars

Easy to use and a good way to save in…

Easy to use and a good way to save in difficult times

28 April 2022
easyMoney logo

Reply from easyMoney

Hi Joanna,

Thank you for taking the time to leave your review, it is great to hear you are pleased with our service given the current economic climate.

Kind regards,
easyMoney

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