Quite a few Peer to Peer Lending sites have cropped up in the UK in the past couple of years examples being: The Funding Circle, Rate Setter, Crowd Cube etc. The yield of return from investing ones money in such sites seems to be advertised at around the 8 % figure. Has anyone used such sites in the UK & have you found the rate of return to be on par with what was advertised. I would assume this is becoming a popular route of borrowing (and lending) money in the UK, as it is becoming increasingly difficult to do so with banks.
Would you use such sites in the future, or invest your money elsewhere ?