spyrogyra
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Post by spyrogyra on Mar 30, 2016 18:08:14 GMT
It' been discussed that SS is more attractive mainly because they pay the interest monthly and it is held by SS for the whole duration of the loan. It is obvious that FS should have their own edge to attract lenders. So far the bonus incentive may fill the big loans, but for how long? I made some calculations on the Plymouth hotel loan. 200k will receive 16% interest, 207k - 15%, 10k - 13%, 58k - 12%. Using an online calculator I've worked out that if the loan was offered at 15%, it will pay roughly the same amount of interest as currently. It might be worth if FS try to fill a similar loan by offering 14% to all investors. Even if they do not fill it very quickly, they may announce an incentive of 1%interest to an investor who will put the missing funds in one chunk. I don't think anyone will moan about this tactic, on the contrary, FS will gain more popularity, will be able to rely less on underwriters and probably fill the loans quicker. I don't have any database to make a guess whether this would work but it might be worth considering.
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stevio
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Post by stevio on Mar 30, 2016 18:29:09 GMT
The ratio of rates is just an estimate by you, with different ratios the average rate could be less
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spyrogyra
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Post by spyrogyra on Mar 30, 2016 18:37:30 GMT
The ratio of rates is just an estimate by you, with different ratios the average rate could be less Of course,stevio, you are right. It's down to FS using the full database to make judgments if they wish to liven the market.
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stevio
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Post by stevio on Mar 30, 2016 19:38:41 GMT
They could do with restructuring there cash back, particularly to attract smaller investors
Also there interest payments not to be just at the end of the loan
Also their SM......
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Investboy
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Post by Investboy on Mar 31, 2016 9:25:53 GMT
Even if they offer 20% cashback I:
a) ran out of money
b) have used my allowance for FS
c) can't sell surplus on SM
d) am over-weighted in property
e) ran out of money
But the idea of the higher interests rates "me likes". I'd probably scrape some more money from somewhere...
I've just invested my last £100 in the C****s Quarry luxury house but it is rounding error when I've seen few BH dropping £100k there.
I think it is just too much too fast. Not only on FS but everywhere else. PM is clogged, SM is clogged, everybody (almost) offers CB, bonuses or higher rates.
And especially last 2 loans on FS that had to be filled today? If they do I'll dye my hair pink...
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Mar 31, 2016 11:41:56 GMT
Even if they offer 20% cashback I: a) ran out of money b) have used my allowance for FS c) can't sell surplus on SM d) am over-weighted in property e) ran out of money But the idea of the higher interests rates "me likes". I'd probably scrape some more money from somewhere... I've just invested my last £100 in the C****s Quarry luxury house but it is rounding error when I've seen few BH dropping £100k there. I think it is just too much too fast. Not only on FS but everywhere else. PM is clogged, SM is clogged, everybody (almost) offers CB, bonuses or higher rates. And especially last 2 loans on FS that had to be filled today? If they do I'll dye my hair pink... .....and could you stick a flower in your hair for good measure. 
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 31, 2016 11:59:01 GMT
Even if they offer 20% cashback I: a) ran out of money b) have used my allowance for FS c) can't sell surplus on SM d) am over-weighted in property e) ran out of money But the idea of the higher interests rates "me likes". I'd probably scrape some more money from somewhere... I've just invested my last £100 in the C****s Quarry luxury house but it is rounding error when I've seen few BH dropping £100k there. I think it is just too much too fast. Not only on FS but everywhere else. PM is clogged, SM is clogged, everybody (almost) offers CB, bonuses or higher rates. And especially last 2 loans on FS that had to be filled today? If they do I'll dye my hair pink... Youll be needing this then. All 3 CB loans filled.  
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Investboy
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Post by Investboy on Mar 31, 2016 14:17:10 GMT
That took me by surprise  I can see 3BH-ers dropping 55k or in one case even 160k in each of those. Not sure but I saw those names before, maybe underwriters? I now rest assured that my £100 lies in good company of such investments. Anyway, promise is a promise and now I (my avatar) have pink hair. Unfortunately there is no flower option but as repentance I shaved most of my head. |
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brin
I am trying to stay calm.
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Post by brin on Mar 31, 2016 15:15:47 GMT
very fetching.   |
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Investboy
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Post by Investboy on Apr 1, 2016 11:23:20 GMT
very fetching. , thanks for the artwork, now I have a flower too
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Investboy
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Post by Investboy on Apr 4, 2016 15:01:56 GMT
brin as the loans have been cancelled I think it is fair for me to grow my hair back and turn them to my natural green color?
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brin
I am trying to stay calm.
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Post by brin on Apr 4, 2016 15:05:25 GMT
brin as the loans have been cancelled I think it is fair for me to grow my hair back and turn them to my natural green color? Absolutely agree, looking forward to seeing your new haircut.
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I can see 3BH-ers dropping 55k or in one case even 160k in each of those. Not sure but I saw those names before, maybe underwriters?
