benaj
Member of DD Central
Posts: 4,855 
Likes: 1,591
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Post by benaj on May 14, 2019 9:18:54 GMT
The security consists of two freehold semi-detached properties. The area nearby has a few hotels and schools.
The 2 of the 3 comparables used in the VR are purposed built offices instead of converted buildings.
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Post by kuflink on May 14, 2019 14:08:33 GMT
Hi all,
Just spoken with our Underwriting team and I can confirm the LTV is correct, and the £2.2m valuation for the security is provided by an independent valuer (as ever). All valuations are then further scrutinised by our two credit committees, with all information taken into account, and opportunities are only ever added to the platform if we're in agreement with the valuer.
Hope this helps.
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Post by gravitykillz on May 15, 2019 15:50:52 GMT
They have reclassified this from b1 to a3
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Post by Ace on May 15, 2019 19:25:50 GMT
They have reclassified this from b1 to a3 As their loan rating system is calculated via an algorithm, have they said which factor has changed to cause the re-rating?
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Post by gravitykillz on May 15, 2019 19:41:42 GMT
I don't recall seeing anything. I may be wrong.
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Post by gravitykillz on May 15, 2019 19:44:37 GMT
It says b1 now. Lol I'm sure it said a3 earlier!
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Post by pmjenkins on May 15, 2019 19:53:08 GMT
It says b1 now. Lol I'm sure it said a3 earlier! It did - I've got a screen shot to prove it!!
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Post by Ace on May 15, 2019 20:00:03 GMT
It says b1 now. Lol I'm sure it said a3 earlier! It did - I've got a screen shot to prove it!! Still shows A3 for me.
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benaj
Member of DD Central
Posts: 4,855
Likes: 1,591
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Post by benaj on May 15, 2019 20:26:47 GMT
To be honest, I haven't seen any loans rated A1 or C3 on kuflink yet. Kuflink does provided the following info:
-Borrower Repayment History
-LTV
-Location of security
-legal charge
-Past Performance indicator
-VR
which are used to determine risk rating on Kuflink. These info are more important to lenders than just a rating.
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