justme
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Post by justme on Jan 14, 2018 11:26:53 GMT
Almost a year since property loans started on here - how did they go ? I have not participated in any of them but that was more from a position of annoyance that as soon as I found collateral jewlerry disappeared , not because I have any particular knowledge of property loans being bad for one. So what is the feedback on property loans and collateral?
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GeorgeT
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Post by GeorgeT on Jan 14, 2018 12:14:25 GMT
10 out of 10. If boffins in white coats with plastic eye protector glasses had gone into a laboratory and invented the perfect peer to peer property platform as regards the interest rates payable and the quality of the loans and the diversity of property types and the communication standard and the speed of deposits and withdrawals excetera excetera excetera ....... They would have invented Col.
It is in a perfect place as regards the time graph of platforms and I get an average of close to 14% interest from them every month.
COL is the only platform I am really using now. I would urge all non investors to start using the platform because otherwise they will miss the boat - you have to be up with the lark in this P2P game and get onto the platforms when they are fresh new and dynamic and before the loan book gets too old.
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Post by df on Jan 14, 2018 14:02:16 GMT
Almost a year since property loans started on here - how did they go ? I have not participated in any of them but that was more from a position of annoyance that as soon as I found collateral jewlerry disappeared , not because I have any particular knowledge of property loans being bad for one. So what is the feedback on property loans and collateral? Nobody has lost any money yet, so in that sense it is going fine. However, the fact that recent loans are not getting filled up is alarming.
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elliotn
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Post by elliotn on Jan 14, 2018 14:30:24 GMT
10 out of 10. If boffins in white coats with plastic eye protector glasses had gone into a laboratory and invented the perfect peer to peer property platform as regards the interest rates payable and the quality of the loans and the diversity of property types and the communication standard and the speed of deposits and withdrawals excetera excetera excetera ....... They would have invented Col. It is in a perfect place as regards the time graph of platforms and I get an average of close to 14% interest from them every month. COL is the only platform I am really using now. I would urge all non investors to start using the platform because otherwise they will miss the boat - you have to be up with the lark in this P2P game and get onto the platforms when they are fresh new and dynamic and before the loan book gets too old. My goodness. How were your holidays. Do you deserve a bit more time off?
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Jan 14, 2018 14:36:03 GMT
I have not lost any money on this platform but I did lose all trust in it over the shenanigans about the first property loan and the film loan. But I am restricted on what I can say on a public forum.
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awk
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Post by awk on Jan 14, 2018 14:38:29 GMT
10 out of 10. If boffins in white coats with plastic eye protector glasses had gone into a laboratory and invented the perfect peer to peer property platform as regards the interest rates payable and the quality of the loans and the diversity of property types and the communication standard and the speed of deposits and withdrawals excetera excetera excetera ....... They would have invented Col. It is in a perfect place as regards the time graph of platforms and I get an average of close to 14% interest from them every month. COL is the only platform I am really using now. I would urge all non investors to start using the platform because otherwise they will miss the boat - you have to be up with the lark in this P2P game and get onto the platforms when they are fresh new and dynamic and before the loan book gets too old. GeorgeT , the men in white coats should be carrying you away and locking you up for such a ridiculous post
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sirius
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Post by sirius on Jan 14, 2018 19:04:42 GMT
10 out of 10. If boffins in white coats with plastic eye protector glasses had gone into a laboratory and invented the perfect peer to peer property platform as regards the interest rates payable and the quality of the loans and the diversity of property types and the communication standard and the speed of deposits and withdrawals excetera excetera excetera ....... They would have invented Col. It is in a perfect place as regards the time graph of platforms and I get an average of close to 14% interest from them every month. COL is the only platform I am really using now. I would urge all non investors to start using the platform because otherwise they will miss the boat - you have to be up with the lark in this P2P game and get onto the platforms when they are fresh new and dynamic and before the loan book gets too old. georget Beware those boffins in white coats who may carry a straitjacket!
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GeorgeT
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Post by GeorgeT on Jan 14, 2018 23:19:44 GMT
10 out of 10. If boffins in white coats with plastic eye protector glasses had gone into a laboratory and invented the perfect peer to peer property platform as regards the interest rates payable and the quality of the loans and the diversity of property types and the communication standard and the speed of deposits and withdrawals excetera excetera excetera ....... They would have invented Col. It is in a perfect place as regards the time graph of platforms and I get an average of close to 14% interest from them every month. COL is the only platform I am really using now. I would urge all non investors to start using the platform because otherwise they will miss the boat - you have to be up with the lark in this P2P game and get onto the platforms when they are fresh new and dynamic and before the loan book gets too old. My goodness. How were your holidays. Do you deserve a bit more time off? I took a break from the forum over the festive season.Then lost the habit of checking it daily. Probably to the relief of some other readers. Now I have a new 'phablet' and couldn't resist the temptation to try it out on the P2P forum. It's a mighty beast from China called the M-Horse Power 2 if anyone is interested in a phone with a 6,000maH battery that lasts for days. A bargain of a device. I can see my post won't win the Post of the Week award - should the moderators decide to introduce such an award. However I have all but withdrawn from LY - apart from a smallish amount stuck in 2 defaults. I am downsizing in MT as I have a few defaults there as well. The platform where I have my most funds and no defaults and my biggest rate of return is COL. I am way oversized in COL in % terms but it feels a bit like LY in the good old days and I'm making hay while the sun shines. Therefore my recommendation, based on my experience, stands. I think when you factor in the rate of return, the standard of service/communication and the variety of loans available, it is curretly the best property P2P platform. I was reassured to note a few posts above that C_D feels the same way and also has more in COL than elsewhere. We could almost be brothers. I share the views expressed by others - and the slow take up of newer tranches of the DFLs is a concern, as is the number of connected party loans. However if you are happy with 12% there is some very tasty availability in resi "PBL" loans in places such as Blackpool and Newcastle. As with most platforms, I guess the skill comes in knowing when is the prudent time to exit the platform. I detect that a few left it a bit late with LY when the writing had been on the wall for several months. I was a couple of months behind the curve on that as well but fortunately was able to make a 95% exit. I don't think the writing is on the wall with COL although a few of the recent offerings didn't excite me and I fear they are starting to go down the common route of trying to grow the business at a fast rate at the expense of loan quality.
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ingwer
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Post by ingwer on Jan 15, 2018 11:23:52 GMT
I am a fan too of COL but I wonder why the market is seemingly clogged in COL ? Is it a hangover from Christmas and/or January tax bills or a sign of a trend away from P2P ?
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GeorgeT
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Post by GeorgeT on Jan 15, 2018 11:31:57 GMT
I am a fan too of COL but I wonder why the market is seemingly clogged in COL ? Is it a hangover from Christmas and/or January tax bills or a sign of a trend away from P2P ? All part of a general trend away from P2P I think because it's no longer the shiny new thing on the block and defaults are rising and there are newer bigger returning opportunities out there. P2P relies on a strong and stable economy and Economic and political background and of course at the moment what we have is far from that. Quite a few people have moved into crypto currencies and out of P2P because cryptos is where you make the big money at the moment. I moved into bitcoin and ether in early December and in just one month the value of my Ethereum has tripled and BTC is up about 20 percent. Others worth investing in include litecoin and Ripple.
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IFISAcava
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Post by IFISAcava on Jan 15, 2018 12:23:44 GMT
I am a fan too of COL but I wonder why the market is seemingly clogged in COL ? Is it a hangover from Christmas and/or January tax bills or a sign of a trend away from P2P ? All part of a general trend away from P2P I think because it's no longer the shiny new thing on the block and defaults are rising and there are newer bigger returning opportunities out there. P2P relies on a strong and stable economy and Economic and political background and of course at the moment what we have is far from that. Quite a few people have moved into crypto currencies and out of P2P because cryptos is where you make the big money at the moment. I moved into bitcoin and ether in early December and in just one month the value of my Ethereum has tripled and BTC is up about 20 percent. Others worth investing in include litecoin and Ripple. you had better not be out with your timing on this one.
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Post by df on Jan 15, 2018 12:48:20 GMT
I am a fan too of COL but I wonder why the market is seemingly clogged in COL ? Is it a hangover from Christmas and/or January tax bills or a sign of a trend away from P2P ? I don't believe this is a seasonal problem. I think the main issue is lack of investors for this type of loans.
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ingwer
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Post by ingwer on Jan 15, 2018 12:50:54 GMT
I am a fan too of COL but I wonder why the market is seemingly clogged in COL ? Is it a hangover from Christmas and/or January tax bills or a sign of a trend away from P2P ? All part of a general trend away from P2P I think because it's no longer the shiny new thing on the block and defaults are rising and there are newer bigger returning opportunities out there. P2P relies on a strong and stable economy and Economic and political background and of course at the moment what we have is far from that. Quite a few people have moved into crypto currencies and out of P2P because cryptos is where you make the big money at the moment. I moved into bitcoin and ether in early December and in just one month the value of my Ethereum has tripled and BTC is up about 20 percent. Others worth investing in include litecoin and Ripple. I would invest in a Galaxy Ripple bar right now :-) Thanks for sharing tips too. Too much of a roller coaster for me. For instance FS seem to fill all their property loans - COL is lagging for some reason despite a similar type of loan and better in clarity and communication IMHO.
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Post by Collateral Rep on Jan 15, 2018 13:01:42 GMT
Hi ingwer, Currently we rely solely on investor funding whereas other platforms may have institutional/wholesale funding lines. This may be something we have to look at ourselves in the future. Many thanks, Gordon
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IFISAcava
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Post by IFISAcava on Jan 15, 2018 13:10:46 GMT
I am a fan too of COL but I wonder why the market is seemingly clogged in COL ? Is it a hangover from Christmas and/or January tax bills or a sign of a trend away from P2P ? I don't believe this is a seasonal problem. I think the main issue is lack of investors for this type of loans. Speaking from personal standpoint the tax bill end of Jan is a big factor reducing current p2p exposure. I suspect it does make a bit of a difference - though won't be the main or biggest factor.
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