|
Post by ohjames on Nov 17, 2015 21:03:45 GMT
The chart is missing a 2K - 5K category - that's where I'm at..
|
|
webwiz
Posts: 1,133
Likes: 210
|
Post by webwiz on Nov 17, 2015 22:15:31 GMT
After 57 votes I have to hope that the big hitters are not users of this forum, or anyway have not voted. If this poll is representative MT are not going to reach the target which will be very disappointing.
|
|
stevio
Member of DD Central
Posts: 2,065
Likes: 894
|
Post by stevio on Nov 18, 2015 7:47:37 GMT
After 57 votes I have to hope that the big hitters are not users of this forum, or anyway have not voted. If this poll is representative MT are not going to reach the target which will be very disappointing. Unless the one vote for >100k is 2 mill
|
|
webwiz
Posts: 1,133
Likes: 210
|
Post by webwiz on Nov 18, 2015 8:20:22 GMT
After 57 votes I have to hope that the big hitters are not users of this forum, or anyway have not voted. If this poll is representative MT are not going to reach the target which will be very disappointing. Unless the one vote for >100k is 2 mill That was the 58th or 59th so was not there when I posted. I wonder if my post prompted it?
|
|
merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
Likes: 302
|
Post by merlin on Nov 18, 2015 9:52:49 GMT
There is another reason why some bigger lenders may be hanging back and that is the lack of a secondary market. My experience with SS and other lenders with a secondary market is the relative ease with which you can sell-up and move on. With this loan you are stuck for the whole journey. Not always a comfortable situation to be in!
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on Nov 18, 2015 10:05:49 GMT
A secondary market is coming in a couple of weeks.
What I would like to see with MT as they make the move to larger loans etc. is some form of provision fund.
|
|
arbster
Member of DD Central
Posts: 810
Likes: 426
|
Post by arbster on Nov 18, 2015 10:28:20 GMT
There is another reason why some bigger lenders may be hanging back and that is the lack of a secondary market. My experience with SS and other lenders with a secondary market is the relative ease with which you can sell-up and move on. With this loan you are stuck for the whole journey. Not always a comfortable situation to be in! I think it's important to quote this post in responding because casual browsers might believe your statement (my bold) - we have been assured by MoneyThing that the SM is coming at the end of this month. Admit that making a significant investment without an SM actually in place might be uncomfortable, but we do have to give Ed the benefit of the doubt here - there's no incentive for him not to fulfil this commitment, and his track record in terms of site upgrades is significantly better than others...
|
|
Monetus
Member of DD Central
Posts: 1,179
Likes: 2,961
|
Post by Monetus on Nov 18, 2015 11:07:36 GMT
There is another reason why some bigger lenders may be hanging back and that is the lack of a secondary market. My experience with SS and other lenders with a secondary market is the relative ease with which you can sell-up and move on. With this loan you are stuck for the whole journey. Not always a comfortable situation to be in! I think it's important to quote this post in responding because casual browsers might believe your statement (my bold) - we have been assured by MoneyThing that the SM is coming at the end of this month. Admit that making a significant investment without an SM actually in place might be uncomfortable, but we do have to give Ed the benefit of the doubt here - there's no incentive for him not to fulfil this commitment, and his track record in terms of site upgrades is significantly better than others... I also have full faith that the secondary market is coming at the end of this month but also in the grand scheme of things, I don't consider 12 months to be a subtantial period for an investment returning 12% considering that many other institutions require you to lock your funds in for 3-5 years and return a much lower rate. 12 months seems like a relatively short-term commitment to me, especially given the potential rewards on offer.
|
|
ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
|
Post by ramblin rose on Nov 18, 2015 11:34:14 GMT
I think it's important to quote this post in responding because casual browsers might believe your statement (my bold) - we have been assured by MoneyThing that the SM is coming at the end of this month. Admit that making a significant investment without an SM actually in place might be uncomfortable, but we do have to give Ed the benefit of the doubt here - there's no incentive for him not to fulfil this commitment, and his track record in terms of site upgrades is significantly better than others... I also have full faith that the secondary market is coming at the end of this month but also in the grand scheme of things, I don't consider 12 months to be a subtantial period for an investment returning 12% considering that many other institutions require you to lock your funds in for 3-5 years and return a much lower rate. 12 months seems like a relatively short-term commitment to me, especially given the potential rewards on offer. You are, of course quite right there. It's just that we've all got used to be able to get those returns and better on platforms that do enable us to sell on in the meantime if the need / whim arises. And that's what the competition is here. I have gone on record before to say that I will only invest in property on platforms where there is either a proven record of how they handle the messy and long-winded process that arises at the end of many property backed loans when they default or a secondary market. So, I've not particiated in previous property loans at MT, but I have in this one on the strength of the fact that I have faith that the SM is round the corner here. Had we not been used to having an SM available for similar loans elsewhere, we'd have to all agree with you, but that is where the p2p world is currently at today.
|
|
|
Post by Deleted on Nov 18, 2015 11:36:17 GMT
A secondary market is coming in a couple of weeks. What I would like to see with MT as they make the move to larger loans etc. is some form of provision fund. Have you noticed that provision funds come with a cost and could move us from a 12% to a ~7% rate. I for one am happy that Ed is keeping his website as simple as possible. We've already seen a fair bunch of examples of portals that have gone for complexity and they end up as an IT business with a loans company attached. I very much want MT to stay as a loans company that lets you access it on the web.
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on Nov 18, 2015 12:28:34 GMT
A secondary market is coming in a couple of weeks. What I would like to see with MT as they make the move to larger loans etc. is some form of provision fund. Have you noticed that provision funds come with a cost and could move us from a 12% to a ~7% rate. I for one am happy that Ed is keeping his website as simple as possible. We've already seen a fair bunch of examples of portals that have gone for complexity and they end up as an IT business with a loans company attached. I very much want MT to stay as a loans company that lets you access it on the web. Other platforms manage 12% and a PF - and a PF has very little to do with the website complexity. I also prefer a KISS approach. A PF wasn't a big concern with relatively small loans and a 50% LTV - but as MT moves to larger loans and 70% LTV I think one would help attract more funds to the platform..
|
|
|
Post by Deleted on Nov 18, 2015 12:51:35 GMT
"Other platforms manage 12% and a PF"
just to help me, which?
|
|
SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
|
Post by SteveT on Nov 18, 2015 12:52:48 GMT
"Other platforms manage 12% and a PF" just to help me, which? Saving Stream
|
|
merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
Likes: 302
|
Post by merlin on Nov 18, 2015 18:47:02 GMT
"Other platforms manage 12% and a PF" just to help me, which? Saving Stream and a secondary market!
|
|
|
Post by Financial Thing on Nov 20, 2015 1:18:35 GMT
Yep but SS has all its eggs piled into the property market (which is ultra frothy). I would take MT's spread of different types of loans any day.
|
|