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Post by Deleted on Jan 18, 2018 10:59:41 GMT
I think MT continue to respond very well on this site and their new policy of putting the answers of many questions inside their own website is a fair and reasonable action for all punters lenders.
MT have to be factual, while I like the recent write up in these threads some of the elements included "views". I don't think MT can offer views.
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bugs4me
Member of DD Central
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Post by bugs4me on Jan 18, 2018 11:07:35 GMT
I think MT continue to respond very well on this site and their new policy of putting the answers of many questions inside their own website is a fair and reasonable action for all punters lenders. MT have to be factual, while I like the recent write up in these threads some of the elements included "views". I don't think MT can offer views. @bobo - agree with the updates but only announcing them on this forum where a minority of investors are involved is a huge shortcoming IMO. They should be sending a bulk e-mail to obtain the attention of as many folks as possible. Bulk e-mailing is not rocket science.
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Post by MoneyThing on Jan 18, 2018 11:31:05 GMT
Hi All,
We read most if not all the comments posted on this forum and lender comments are often the subject of discussion at MT HQ.
I personally appreciated JJC’s comments above. I think that is a good example of the forum working at its best. JJC expressed a well thought out argument and his opinion on the loan. As Bobo says, we can’t offer our opinion on loan descriptions as that could be considered as investment advice and we are not regulated to provide advice. Our platform is an execution-only platform and lenders need to make their own decisions.
We have written our loan descriptions in a format that can be replicated across all loans so that information we provide is consistent. We have a remit to make sure the information is clear and easy to understand and we have to try and cater for lenders that have different levels of engagement with the material provided.
That said, I see the benefit of drafting information as per JJC’s post and this has given us cause to reconsider how we present loans.
Kind regards,
Ed
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Gruff
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Post by Gruff on Jan 18, 2018 12:51:35 GMT
Good news I managed to sell almost all my AC loans with the same melange of companies. As did I. Have noticed that loans on AC have now had trading suspended pending lender vote
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
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Post by stub8535 on Jan 18, 2018 13:26:47 GMT
Hi All, We read most if not all the comments posted on this forum and lender comments are often the subject of discussion at MT HQ. I personally appreciated JJC’s comments above. I think that is a good example of the forum working at its best. JJC expressed a well thought out argument and his opinion on the loan. As Bobo says, we can’t offer our opinion on loan descriptions as that could be considered as investment advice and we are not regulated to provide advice. Our platform is an execution-only platform and lenders need to make their own decisions. We have written our loan descriptions in a format that can be replicated across all loans so that information we provide is consistent. We have a remit to make sure the information is clear and easy to understand and we have to try and cater for lenders that have different levels of engagement with the material provided. That said, I see the benefit of drafting information as per JJC’s post and this has given us cause to reconsider how we present loans. Kind regards, Ed I do hope jjc will get his consultancy fee in chocolate Ed by way of thanks for a brilliant post. As a reminder there is a vote going on at present for best post iirc. Maybe we have a clear winner. Not canvassing, just reminding.
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Post by mrclondon on Jan 18, 2018 14:02:58 GMT
Good news I managed to sell almost all my AC loans with the same melange of companies. As did I. Have noticed that loans on AC have now had trading suspended pending lender vote Both overdue AC loans (#388/389) are currently subject to a lender vote to extend the term by 9 months (to 19th Sep) with increased interest of 11.2% (vs 10% previously). Given that I'm at my per borrower limit with this group, and that there is to be no imminent redemption of the AC loans, I will not be contributing to the MT loan. My preference is to continue to hold the AC loans which I perceive to be better quality security.
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elliotn
Member of DD Central
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Post by elliotn on Jan 18, 2018 14:44:37 GMT
Hi All, We read most if not all the comments posted on this forum and lender comments are often the subject of discussion at MT HQ. I personally appreciated JJC’s comments above. I think that is a good example of the forum working at its best. JJC expressed a well thought out argument and his opinion on the loan. As Bobo says, we can’t offer our opinion on loan descriptions as that could be considered as investment advice and we are not regulated to provide advice. Our platform is an execution-only platform and lenders need to make their own decisions. We have written our loan descriptions in a format that can be replicated across all loans so that information we provide is consistent. We have a remit to make sure the information is clear and easy to understand and we have to try and cater for lenders that have different levels of engagement with the material provided. That said, I see the benefit of drafting information as per JJC’s post and this has given us cause to reconsider how we present loans. Kind regards, Ed I do hope jjc will get his consultancy fee in chocolate Ed by way of thanks for a brilliant post. As a reminder there is a vote going on at present for best post iirc. Maybe we have a clear winner. Not canvassing, just reminding. You may need to diarise a forum reminder for the best post of 2018. An aggressive play by jjc .
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dermot
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Post by dermot on Jan 18, 2018 15:10:22 GMT
Only 41% filled so far. Unfortunately mid January is the worst time to launch a p2p loan with people paying Christmas credit card bills and perhaps diverting their income for tax bills. I wonder if this one is going to need some cashback to tempt people into bringing out their cash reserves. It is a slow mover but maybe if they (MT) and other platforms presented their loan opportunities as laid out by jjc here they would come across far more professional IMO. Maybe jjc is looking at a new job opportunity here - I certainly found his post clear and informative.
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jsmill
Member of DD Central
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Post by jsmill on Jan 18, 2018 15:14:46 GMT
Excellent post JJC. I am also invested in this one for many of the reasons you outlined and it is a timely reminder to look at each loan on its merits. I do think Moneything have questions to answer over L***** St A**** both in terms of whether they actually requested the correct valuations given the tenant situation, and indeed the quality of the valuations they did actually receive. However, the reason I stayed away from this loan was that there neither seemed to be stable revenue streams behind it or a wide potential market of buyers if enforcement was ever required. There are obviously no guarantees with P2P but I agree entirely with JJC that the face LTV is only part of the picture (albeit obviously an important one) with any loan.
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registerme
Member of DD Central
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Post by registerme on Jan 19, 2018 8:52:54 GMT
In the end I decided to give this one a miss, but I still appreciate the posts that made me think about it again .
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Post by sannytwist on Jan 20, 2018 17:29:01 GMT
l'm really surprised this is going so slow tho, still 46% avaliable.
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Post by sirkillalot on Jan 22, 2018 15:31:19 GMT
No surprise that a 1% cashback is being applied given the slow take up
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drgonzo
Member of DD Central
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Post by drgonzo on Jan 22, 2018 15:34:50 GMT
No surprise that a 1% cashback is being applied given the slow take up I'll be watching with interest to see what impact this has - currently 43.36% available.
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Post by sannytwist on Jan 22, 2018 15:35:42 GMT
How does the cashback thing work. So if l invest £100 , l get £1 returned to my account as soon as the loan is 100% occupied?
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archie
Posts: 1,838
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Post by archie on Jan 22, 2018 15:36:26 GMT
How does the cashback thing work. So if l invest £100 , l get £1 returned to my account as soon as the loan is 100% occupied? Yes. Once it's drawn down.
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