rogerthat
Member of DD Central
Posts: 2,048 
Likes: 1,994
|
Post by rogerthat on Apr 23, 2018 13:21:30 GMT
New Loan 2485563193
4pm 23/04/18
£107K @ 12%
LTV 53.5%
|
|
lobster
Member of DD Central
Posts: 636
Likes: 467
|
Post by lobster on Apr 23, 2018 14:43:57 GMT
Looks good enough on paper , but the age old question - can we trust the valuation ?
|
|
rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
|
Post by rogerthat on Apr 23, 2018 14:51:39 GMT
Looks good enough on paper , but the age old question - can we trust the valuation ? Quite so..but even if you take the 180 day sale VR figure of £180K it's still a gnats under 60% LTV..short straw perhaps p.s..Is the borrower intending to buy the leasehold ?
|
|
|
|
Post by mrclondon on Apr 23, 2018 14:54:26 GMT
Looks good enough on paper , but the age old question - can we trust the valuation ? I think the way to approach it is consider the investment yield generated by the rent. If it is indeed to be opposite a new tourist attraction, then void periods should be relatively low. If we say that we would like to achieve a sale price of at least £125k in a default situation (to cover accrued interest, fees etc), a market rent of £12,500 pa would be needed to achieve a 10% investment yield, or £10,000 pa for an 8% investment yield. The VR values a 15 year lease at £15,000 pa. In other words I'm basing my calculation of the firesale auction value on the price needed to achieve an investment yield of around 10%, so the remaining variable is to consider the plausibility of achieving a lease at £12,500 pa.
|
|
ding
Member of DD Central
Posts: 238
Likes: 132
|
Post by ding on Apr 23, 2018 14:56:05 GMT
Looks good enough on paper , but the age old question - can we trust the valuation ? Quite so..but even if you take the 180 day sale VR figure of £180K is still a gnats under 60% LTV..short straw perhaps p.s..Is the borrower intending to buy the leasehold ? 90 day VR is even better at £190k! I think it looks ok. I noted: "There are damp stains toceilings, particularly at the rear of the property along with damp sections to lower walls, suggesting rising damp or leaking internal water bearing pipes"
|
|
pier2pier
Member of DD Central
Posts: 73
Likes: 49
|
Post by pier2pier on Apr 23, 2018 15:02:21 GMT
Going quickly enough  |
|
|
|
Post by davee39 on Apr 23, 2018 16:22:51 GMT
When it comes to playing 'hide the borrower' this thread title is one of the less successful attempts.
|
|
rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
|
Post by rogerthat on Apr 23, 2018 16:37:01 GMT
When it comes to playing 'hide the borrower' this thread title is one of the less successful attempts. Thanks..youd be most welcome to contribute..as opposed to criticise I mean
|
|
mullet
Member of DD Central
Posts: 126
Likes: 137
|
Post by mullet on Apr 23, 2018 18:23:40 GMT
When it comes to playing 'hide the borrower' this thread title is one of the less successful attempts. Thanks..youd be most welcome to contribute..as opposed to criticise I mean Roger - maybe just put the full name of the town/city along with the loan id. This makes it easier to search the forum without giving away the name of the street. Other examples which are a bit easy to guess are: Y*rk P**ce B*th Pa*k R*ad Bla**pool Sw*n H*ll..Shr***bury Surprised the mods haven't picked up on this in the past [This is genuinely me trying to be helpful ...not criticising ]
|
|
|
|
Post by mrclondon on Apr 23, 2018 18:52:27 GMT
Thanks..youd be most welcome to contribute..as opposed to criticise I mean Roger - maybe just put the full name of the town/city along with the loan id. This makes it easier to search the forum without giving away the name of the street. Other examples which are a bit easy to guess are: Y*rk P**ce B*th Pa*k R*ad Bla**pool Sw*n H*ll..Shr***bury Surprised the mods haven't picked up on this in the past[This is genuinely me trying to be helpful ...not criticising ] The primary objective is to thwart google/bing crawlers from making the connection, and hence any partial obscurring of street names is adequate providing the building number or name is omitted in its entirity so you are not referring indirectly to the specific asset owned by the borrower.
|
|
mullet
Member of DD Central
Posts: 126
Likes: 137
|
Post by mullet on Apr 23, 2018 19:29:21 GMT
Thanks - I stand corrected!
|
|
rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
|
Post by rogerthat on Apr 23, 2018 22:38:46 GMT
Roger - maybe just put the full name of the town/city along with the loan id. This makes it easier to search the forum without giving away the name of the street. Other examples which are a bit easy to guess are: Y*rk P**ce B*th Pa*k R*ad Bla**pool Sw*n H*ll..Shr***bury Surprised the mods haven't picked up on this in the past[This is genuinely me trying to be helpful ...not criticising ] The primary objective is to thwart google/bing crawlers from making the connection, and hence any partial obscurring of street names is adequate providing the building number or name is omitted in its entirity so you are not referring indirectly to the specific asset owned by the borrower. ...I was already aware that I was correct despite the snipe above that i'd 'potentially revealed the borrowers identity' but in the current climate decided not to respond, which was immensely difficult..thanks The other suggestion of putting the loan ID in the title bar I find is unhelpful and prefer to put it in the body of the text, as when subsequent tranches come to the platform, as in the majority of loans, anyone who's first off the rank can update with the new loan number, time date etc should they wish.
|
|
lexo
Posts: 52
Likes: 30
|
Post by lexo on Jul 19, 2018 14:12:16 GMT
Does anyone have any idea why there are so many offers of this loan with 1% discount? Any recent updates that affected the market? Anyone with DD Central access?
|
|
IFISAcava
Member of DD Central
Posts: 3,665
Likes: 2,989
|
Post by IFISAcava on Jul 19, 2018 14:28:06 GMT
Does anyone have any idea why there are so many offers of this loan with 1% discount? Any recent updates that affected the market? Anyone with DD Central access? lots of loans with steep discounts - liquidity on SM lower than usual.
|
|
number5
Member of DD Central
Posts: 449
Likes: 98
|
Post by number5 on Jul 19, 2018 16:07:57 GMT
Does anyone have any idea why there are so many offers of this loan with 1% discount? Any recent updates that affected the market? Anyone with DD Central access? lots of loans with steep discounts - liquidity on SM lower than usual. What is causing this big dip in liquidity on the SM? It's been going for a couple of months now...and getting worse!
|
|
