jcb208
Member of DD Central
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Post by jcb208 on Oct 26, 2017 7:20:57 GMT
Depends on the loan just look at the sale queue and investor activity, the newer 12% ones sell straight away but older ones can take weeks or in some cases they will just sit and not sell
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elliotn
Member of DD Central
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Post by elliotn on Oct 26, 2017 8:59:21 GMT
Have you tried FS @dllive ?
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parisingoc
Member of DD Central
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Post by parisingoc on Oct 26, 2017 9:11:29 GMT
Hi, I have quite a lot of loans with Lendy and I *might* need to get my hands back on that money. I know it depends on a few factors, but how long does it usually take to sell a loan part? 1 week? 3 months? Thanks You don't give a timescale on the *need* for the cash, but I Definitely Need the cash in August next year and started moving out into cash this August just gone and at the same time changed my investing strategy to exclude development loans, not just on Lendy, but across the sector as a whole.
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cwah
Member of DD Central
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Post by cwah on Oct 26, 2017 10:14:21 GMT
I have loans that've been on the sm market and not selling (eg. Woltherhampton)
I have loans that defaulted so its not going away anytime soon.
I have loans that have been suspended and it looks like it will be stuck forever.
Expect to sell about 60% of your loan within 2 months. The rest will belong to lendy. Not sure if you'll get it back even a year later as default recovery takes years... then legal cost eat any money left.
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Post by robberbaron on Oct 26, 2017 16:22:10 GMT
Depends on the loan just look at the sale queue and investor activity, the newer 12% ones sell straight away but older ones can take weeks or in some cases they will just sit and not sell Depends on the flow too. If a big loan is repaid then 150k which have been sitting there for weeks can go down in seconds. Conversely if a new big loan goes live then the queue will likely grind to a halt.
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