j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Jan 8, 2016 14:51:47 GMT
Do propertymoose still provide the 3% pa payment once you invest until the property purchase & full funds are raised? I've had one peyment whihc does not equate to the time length involved & another with zero payment as well. I thought that rule was still applicable! |
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ben
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Post by ben on Jan 8, 2016 19:04:19 GMT
They pay the 3% until the funds are raised so if you invest now on PV32 for example they pay the 3% until it reaches 100% then they stop so if it then takes a further month or so to acquire it you get nothing for that bit
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Jan 8, 2016 19:29:40 GMT
They pay the 3% until the funds are raised so if you invest now on PV32 for example they pay the 3% until it reaches 100% then they stop so if it then takes a further month or so to acquire it you get nothing for that bit Ah! Thanks for clarifying ben. I was under the impression the 3% was paid until the property is purchased, not till it reaches 100%
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adrianc
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Post by adrianc on Jan 9, 2016 11:03:40 GMT
It's a good way to counter the "Oooh, I fancy that, but I'll wait until it gets nearer to filling rather than leave my money waiting for weeks" problem.
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ben
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Post by ben on Jan 9, 2016 11:11:27 GMT
Yes seems a very good idea wish a few other sites would do similar with the bigger loans that take awhile to fund
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ben
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Post by ben on May 15, 2016 19:48:33 GMT
I would have thought PM would have been better buying them like PP does then they do not need to pay out the interest on the balance hold and will probably get people to invest a bit quicker even at the moment some start slow and then speed up pretty quick towards the end, the interest is nice but I guess a lot of people rather leave it elsewhere then move it accross when nearly full
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on May 18, 2016 18:01:06 GMT
AIUI they don't actually pay any interest. A nominal sum is supposed to be deducted from set up costs but I have not been able to confirm it has been done.
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ben
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Post by ben on May 18, 2016 19:24:16 GMT
its either 3% or 3.5% they deduct it from the fees they charge
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