r00lish67
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Post by r00lish67 on Sept 26, 2017 7:32:00 GMT
With the absence of new loans and possible loans dropping out of the picture, the pipeline appears to be flowing in the wrong direction.
New loans should not be at the expense of quality, but with redemptions and defaults the opportunities to invest new money with diversification on MT is becoming extremely difficult. Would suggest focusing on diversifying cross-platform as there's never really enough on one to be diversified, and you'll then be mitigating platform failure risk too. But, yes, would definitely like to see some more good loans as well.
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applets
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Post by applets on Sept 26, 2017 8:05:57 GMT
With the absence of new loans and possible loans dropping out of the picture, the pipeline appears to be flowing in the wrong direction.
New loans should not be at the expense of quality, but with redemptions and defaults the opportunities to invest new money with diversification on MT is becoming extremely difficult. Would suggest focusing on diversifying cross-platform as there's never really enough on one to be diversified, and you'll then be mitigating platform failure risk too. But, yes, would definitely like to see some more good loans as well. Thanks. I am already spread across a number of platforms for the reasons you suggest. Unfortunately, MoneyThing is not alone in sourcing good quality new loans at present, but they seem to be going through a particularly slow period at present which is exacerbated by the recent defaults and repayments.
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oldgrumpy
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Post by oldgrumpy on Sept 26, 2017 11:16:02 GMT
It looks like cash will have to come out of MT now unless some new loans appear this week, and the pipeline is now (apparently) inactive. Those prospective restaurants have dragged on too long for me, and Broadoak has totally withdrawn (it seems) from being the source of new loans.
OK.
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Post by eascogo on Sept 26, 2017 18:11:08 GMT
It looks like cash will have to come out of MT now unless some new loans appear this week, and the pipeline is now (apparently) inactive. Those prospective restaurants have dragged on too long for me, and Broadoak has totally withdrawn (it seems) from being the source of new loans. OK. Yes diversification is very difficult. A very patient investor willing to F5 repeated for hours on end might have some success. But I rate the platform highly and am not willing to come out so I end up piling heavily in the same loans. A risky strategy but neither FS nor Lendy appeal.
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hazellend
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Post by hazellend on Sept 26, 2017 20:40:15 GMT
It looks like cash will have to come out of MT now unless some new loans appear this week, and the pipeline is now (apparently) inactive. Those prospective restaurants have dragged on too long for me, and Broadoak has totally withdrawn (it seems) from being the source of new loans.OK. (My bold) Not all bad news then... It would be bad news if Broadoak withdrew. They are a quality team in my opinion, even with the BKH loan issue. Please more loans Broadoak!
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archie
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Post by archie on Sept 27, 2017 5:56:05 GMT
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m2btj
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Post by m2btj on Sept 27, 2017 6:15:53 GMT
With too much money chasing too few loans many P2P platforms are struggling to bring new loans to market. Major banks are also stepping up their business loan offerings with attractive rates from 2.5%. However, banks remain shy of property loans & developers are finding it easier to secure P2P finance. Just one of the reasons we are only seeing property loans coming through. Ed will need all the help he can get to keep the pipeline flowing....it's a tough market place right now!
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hazellend
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Post by hazellend on Sept 27, 2017 7:52:58 GMT
With too much money chasing too few loans many P2P platforms are struggling to bring new loans to market. Major banks are also stepping up their business loan offerings with attractive rates from 2.5%. However, banks remain shy of property loans & developers are finding it easier to secure P2P finance. Just one of the reasons we are only seeing property loans coming through. Ed will need all the help he can get to keep the pipeline flowing....it's a tough market place right now! Doesn't feel like "too much money chasing too few loans" Secondary markets slow, even for some good loans. Even primary loans occasionally slow Cashback being offered Rates 12% + commonplace
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m2btj
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Post by m2btj on Sept 27, 2017 10:36:38 GMT
With too much money chasing too few loans many P2P platforms are struggling to bring new loans to market. Major banks are also stepping up their business loan offerings with attractive rates from 2.5%. However, banks remain shy of property loans & developers are finding it easier to secure P2P finance. Just one of the reasons we are only seeing property loans coming through. Ed will need all the help he can get to keep the pipeline flowing....it's a tough market place right now! Doesn't feel like "too much money chasing too few loans" Secondary markets slow, even for some good loans. Even primary loans occasionally slow Cashback being offered Rates 12% + commonplace I find that anything decent on the SM is snapped up within minutes. Take away B'head, P****bury & M Hall & the numerous loans being sold within weeks/days of repayment & the SM looks fairly lean. Investors are feeling cautious & platform incentives are being used to part us from our cash. Not a lot out there to tempt me just now & certainly not interested in multiple tranches (or new loans) to the same old borrowers or long running loan renewals.
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Post by MoneyThing on Sept 29, 2017 17:32:40 GMT
Evening,
The Pipeline has now been updated (at the top of the thread).
Kind regards,
Ed
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registerme
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Post by registerme on Sept 29, 2017 17:33:31 GMT
"Update 29/09/2017 – We made the decision to engage with a different valuer as we lost confidence with the previous one. Expect to be able to launch within the next fortnight". (My emphasis). Seeing things like this does very good things for my confidence. Thank you MoneyThing .
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pom
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Post by pom on Sept 29, 2017 17:42:06 GMT
"Update 29/09/2017 – We made the decision to engage with a different valuer as we lost confidence with the previous one. Expect to be able to launch within the next fortnight". (My emphasis). Seeing things like this does very good things for my confidence. Thank you MoneyThing . Seconded!
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fasty
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Post by fasty on Sept 29, 2017 17:54:55 GMT
"Update 29/09/2017 – We made the decision to engage with a different valuer as we lost confidence with the previous one. Expect to be able to launch within the next fortnight". (My emphasis). Seeing things like this does very good things for my confidence. Thank you MoneyThing . Absolutely - Especially as concerns are being expressed about several other platforms, this kind of transparency is refreshing.
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Post by marcusponds on Sept 29, 2017 18:00:29 GMT
"Update 29/09/2017 – We made the decision to engage with a different valuer as we lost confidence with the previous one. Expect to be able to launch within the next fortnight". (My emphasis). Seeing things like this does very good things for my confidence. Thank you MoneyThing . Absolutely - Especially as concerns are being expressed about several other platforms, this kind of transparency is refreshing. Thirded - and I do like the candour as too why the previous valuer was fired. Pipeline reawakening...
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applets
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Post by applets on Oct 2, 2017 19:32:35 GMT
With regards new student residential development (113), it would be helpful if MT address in the loan particulars the significance of all units being pre-sold. The administrators report on Birkenhead revealed that a number of those who reserved flats ranked above Broadoak/ MT in the list of creditors. If such a situation prevails with the new loan, then this could be problematic for MT lenders.
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