michaelc
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Post by michaelc on May 24, 2018 20:59:59 GMT
I see that for the past month or two there are now a few loans there. Has anyone be monitoring the sm more closely? I'm wondering if its the same loans I'm seeing when I check or if they are actually selling? Or maybe a few less than ideal loans are sitting there but most other loans are being bought as soon as they pop up?
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phil
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Post by phil on May 25, 2018 3:13:52 GMT
Some are definitely selling as I put two on last week and both went within 24 hours, one was a 65% LTV 2nd charge, the other 1st charge 50% LTV. I didn't sell the loans with a discount. I did count the loans on the SM a couple of weeks ago and there were 21 at that time.
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aj
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Post by aj on May 25, 2018 9:29:30 GMT
A lot of the secondary market is the usual P2P thing of people trying to offload loans 1-2 months before they become due. A logical strategy as all risk is sold on with only a fraction of the reward remaining.
Personally, i'm glad to see a bit more availability on loans at the moment.
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bababill
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Post by bababill on May 25, 2018 12:52:54 GMT
I had been trying to sell a loan with no luck for the last week. I put a 1% discount and the loan has now sold. Basically, I had bought too much of the loan and wanted to lower my exposure. I know other loans have been put on the market and subsequently been withdrawn.
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michaelc
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Post by michaelc on May 26, 2018 13:37:06 GMT
I had been trying to sell a loan with no luck for the last week. I put a 1% discount and the loan has now sold. Basically, I had bought too much of the loan and wanted to lower my exposure. I know other loans have been put on the market and subsequently been withdrawn. Care to share which loan it was bababill ?
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bababill
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Post by bababill on May 26, 2018 15:39:57 GMT
Churt News Tranche B.
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snowmobile
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Post by snowmobile on Jul 11, 2018 9:27:22 GMT
On their statistics page it states: That can't be right can it? I would have thought most investors don't have £5k sitting on their account just in case something appears on the secondary market. In another thread BC have stated that they process deposits three times a day.
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Greenwood2
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Post by Greenwood2 on Jul 11, 2018 10:03:56 GMT
On their statistics page it states: That can't be right can it? I would have thought most investors don't have £5k sitting on their account just in case something appears on the secondary market. In another thread BC have stated that they process deposits three times a day. SM loans used to get snapped up very quickly when there were infrequent new loans on the platform. Now there are a lot more new loans and more loans on the SM so I suspect that the 45 mins is a bit out of date.
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