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Post by elephantrosie on Nov 10, 2017 18:11:04 GMT
looking great. i will be buying some of them if everything else is fine.
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elliotn
Member of DD Central
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Post by elliotn on Nov 10, 2017 18:13:52 GMT
ablrate 8pm will be an interesting test of the bid limits for those unavailable at go live in different time zones.
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rgog
Member of DD Central
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Post by rgog on Nov 10, 2017 18:25:02 GMT
On the limited information available I agree it looks good. Like everyone else will have a deeper nose through the details on Monday. Very glad to see this initiative as I have missed quite a few; can't be watching the computer all the time!
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justsaying
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Post by justsaying on Nov 10, 2017 18:26:01 GMT
I would assume that the bid limit is per loan ie £1000 for each of the Amortising and interest only loans, but is it also the case of per account or per investor? £1000 for ISA account and £1000 for non ISA?
Have I missed the answer somewhere or is it not apparent?
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Post by investorman on Nov 10, 2017 18:35:35 GMT
Looks good, think Ablrate have got this spot on.
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ptr120
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Post by ptr120 on Nov 10, 2017 18:50:32 GMT
It would have been good to have a brief intro of who the borrower are in the email as we were told we'd get in the future as per this post from@ablrate : p2pindependentforum.com/post/224900It will also be interesting to see how the two loans will rank against each other in the event of a default. |
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ianj
Member of DD Central
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Post by ianj on Nov 10, 2017 18:54:45 GMT
It would have been good to have a brief intro of who the borrower are in the email as we were told we'd get in the future as per this post from@ablrate : p2pindependentforum.com/post/224900It will also be interesting to see how the two loans will rank against each other in the event of a default. Amortising loan security is "Second Mortgage & Charge over property (behind interest only loan charge)"
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Post by investorman on Nov 10, 2017 19:20:38 GMT
I think the extra risk for extra return will become clear when we see the LTV.
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blender
Member of DD Central
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Post by blender on Nov 10, 2017 19:34:38 GMT
I imagine the model will be similar to the Welsh pub. And the testing of the bid limit facility might have the side effect of helping to fill the lower rate loan.
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Post by df on Nov 10, 2017 19:38:12 GMT
Implementing £1000 limit for a period of 24 hours for 280k loan is an improvement. I also like the choice of higher return 'amortised' and lower 'interest only'.
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toast
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Post by toast on Nov 10, 2017 20:37:01 GMT
Who are the "ProClub members" referenced in the proposal? Just curious  |
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bazoftsrevenge
My glass is neither half full or half empty it is simply twice the size it needs to be.
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Post by bazoftsrevenge on Nov 10, 2017 21:00:16 GMT
Hi, I normally just lurk as a guest on here but made an account to ask the same as 'Toast'
Who are the "ProClub members?
Have they had failed fundraising elsewhere?
As much as I love beer and pubs this would have to be something special to get my Money. Too many great pubs have closed down recently.
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Post by Badly Drawn Stickman on Nov 10, 2017 21:19:25 GMT
Hi, I normally just lurk as a guest on here but made an account to ask the same as 'Toast' Who are the "ProClub members? Have they had failed fundraising elsewhere? As much as I love beer and pubs this would have to be something special to get my Money. Too many great pubs have closed down recently. At a guess, as it was only mentioned in the email, I would think it is a group of Ablrate investors who have been asked to preview offerings and make comments. Or alternatively it could be something totally different.
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macq
Member of DD Central
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Post by macq on Nov 10, 2017 22:04:42 GMT
Hi, I normally just lurk as a guest on here but made an account to ask the same as 'Toast' Who are the "ProClub members? Have they had failed fundraising elsewhere? As much as I love beer and pubs this would have to be something special to get my Money. Too many great pubs have closed down recently. At a guess, as it was only mentioned in the email, I would think it is a group of Ablrate investors who have been asked to preview offerings and make comments. Or alternatively it could be something totally different. Hopefully they didn't meet in the pub 
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blender
Member of DD Central
Posts: 5,719
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Post by blender on Nov 10, 2017 22:11:21 GMT
Hi, I normally just lurk as a guest on here but made an account to ask the same as 'Toast' Who are the "ProClub members? Have they had failed fundraising elsewhere? As much as I love beer and pubs this would have to be something special to get my Money. Too many great pubs have closed down recently. At a guess, as it was only mentioned in the email, I would think it is a group of Ablrate investors who have been asked to preview offerings and make comments. Or alternatively it could be something totally different. I hope not. You would think that part of treating customers fairly would be treating lenders equally. Who are '"ProClub members"?
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