hendragon
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Post by hendragon on Mar 9, 2018 17:13:08 GMT
and the confidence of the platform in the willinginess of investors to fund loans?
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keystone
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Post by keystone on Mar 9, 2018 17:53:13 GMT
Well, my cupboards, pockets and back of the sofa is bear. So the withdrawal of these loans make no difference to me i wouldn't have been investing anyhow. Hopefully, it allows Moneything more time to dedicate to recovery.
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Post by GSV3MIaC on Mar 9, 2018 17:54:58 GMT
The withdrawn loans were all, iirc, large(ish) property deals. Folks on the forum have indicated, by word and deed, that getting multi £m, multi-tranche, property loans, over the line is not going to be easy .. hence maybe the sudden appearance of some more cars and pawn. I think many of us are willing to sink £x into the first tranche of a property loan, but we are mostly not interested in sinking another (n-1)*£x into the subsequent tranches (nor interested in scaling £x back by a factor of 'n', and waiting for the other tranches .. but maybe if we did that even tranche 1 would fail to fill).
Plus the damn things typically run for Z years, and then over-run by another Z years while the borrower hunts around for the exit that he forgot to build in .. the other exits (platform/introducer buy-back, rollover-with exit-option, and SM sale) have also evaporated, and 'flog at a discount to someone with a longer lifespan' was never there in the first place.
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oldgrumpy
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Post by oldgrumpy on Mar 9, 2018 17:58:11 GMT
Money will flow in again when MT resolve the Lytham, Prestbury, Birkenhead, Bollington and Plymouth defaults. It behoves them to avoid tardiness in dealing with them. I live in hope.
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averageguy
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Post by averageguy on Mar 9, 2018 18:03:52 GMT
Well, my cupboards, pockets and back of the sofa is bear. So the withdrawal of these loans make no difference to me i wouldn't have been investing anyhow. Hopefully, it allows Moneything more time to dedicate to recovery. Shouldn't keep bears down the back of the sofa anyway
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keystone
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Post by keystone on Mar 9, 2018 18:16:23 GMT
Bare with me whilst I correct my spelling.
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andy1
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Post by andy1 on Mar 9, 2018 18:23:55 GMT
Well, my cupboards, pockets and back of the sofa is bear. So the withdrawal of these loans make no difference to me i wouldn't have been investing anyhow. Hopefully, it allows Moneything more time to dedicate to recovery. Shouldn't keep bears down the back of the sofa anyway Agreed but I think I'd rather have one behind the sofa than in my pockets!!!
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oldgrumpy
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Post by oldgrumpy on Mar 9, 2018 18:32:53 GMT
Prefer beers myself.
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woodie
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Post by woodie on Mar 9, 2018 18:44:32 GMT
Don't give up the day job.
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johni
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Post by johni on Mar 9, 2018 20:54:41 GMT
Money will flow in again when MT resolve the Lytham, Prestbury, Birkenhead, Bollington and Plymouth defaults. It behoves them to avoid tardiness in dealing with them. I live in hope. Agreed but I do believe we have to be realistic on time scales. When solicitors are involved it will always be slow. They take 3 months plus on a straight forward house purchase. For me I want the recovery to be carried out thoroughly recovering the maximum amount for investors. Not a quick job resulting a loss because it hasn't been done right.
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Post by dan1 on Mar 9, 2018 21:38:53 GMT
Interesting ... major surgery performed on the pipeline this week, with five opportunities marked as "Withdrawn". Feels like the ripples caused by the default rates across p2p and the Collateral UK situation have just had some real consequences for some prospective p2p borrowers. I'd like to think they're making way for a few loans being transferred from a certain platform in administration... ever the optimist Seriously though, I wouldn't expect offers to be withdrawn with the new IFISA offering on the horizon not to mention a new tax year (all those flexible cash ISAs being emptied on Apr 6).
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Post by spareafewcoppersguv on Apr 26, 2018 20:56:09 GMT
Has the pipeline completely dried up? No way to fund an IFISA in this environment. Anything on the horizon SophieThing??
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Post by SophieThing on Apr 27, 2018 7:02:41 GMT
Has the pipeline completely dried up? No way to fund an IFISA in this environment. Anything on the horizon SophieThing ?? Hi spareafewcoppersguv, Yes there are a few new loans coming up and Ed will be putting them on the pipeline as they firm up. It does take a little time to change focus and we're obviously doing less development now that there is less appetite from lenders for that type of loan. Just in case you missed it, there is some availability on the secondary market. Confidence might be generally low at the moment, but the availability is an opportunity for someone. MoneyThing is a well-run platform. The secondary market is full of performing loans. They are managed closely and updates are provided each month. The fundamentals are there and I believe it's only a matter of time before lenders regain their confidence in us and in the market in general and we'll be back to complaints over lack of availability. Kind regards, Sophie
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Post by spareafewcoppersguv on May 3, 2018 6:24:27 GMT
I have a look at the secondary market most days SophieThing, but it's just the same old same old, and I'm not tempted to put more into any of those. I have been bitten by some of your defaulted loans and am likely to be only putting smaller amounts into a wider spread of loans going forward, and if those don't exist......
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hazellend
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Post by hazellend on May 3, 2018 6:47:13 GMT
I have a look at the secondary market most days SophieThing, but it's just the same old same old, and I'm not tempted to put more into any of those. I have been bitten by some of your defaulted loans and am likely to be only putting smaller amounts into a wider spread of loans going forward, and if those don't exist...... I’m happy with more of the same personally. But new borrowers obviously!
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