jmde
New Member
Posts: 4
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Post by jmde on Jan 5, 2017 10:12:19 GMT
Hi, do you have any update on when you will be able to offer the IFISA please? thanks
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Post by Deleted on Jan 5, 2017 17:39:28 GMT
Hi, do you have any update on when you will be able to offer the IFISA please? thanks Hi jmde, We will be releasing details about our IFISA next week. You can pre-register here: www.landlordinvest.com/ifisa to stay updated.
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Jeepers
Member of DD Central
Posts: 818
Likes: 721
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Post by Jeepers on Jan 5, 2017 18:27:03 GMT
Will you be offering the LISA or is that not available in P2P?
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Post by Deleted on Jan 5, 2017 18:46:19 GMT
Will you be offering the LISA or is that not available in P2P? Hi jeepers. P2P platforms, operating under Article 36H of the RAO (including LandlordInvest) may currently only offer the Innovative Finance ISA (IFISA).
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Post by webbski9 on Jan 5, 2017 20:48:57 GMT
And when will we see some lending opportunities?
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Post by Deleted on Jan 6, 2017 13:25:38 GMT
And when will we see some lending opportunities? Hi webbski9. We hope that we will make the first loan(s) available on the platform next week, but can't make any promises as some of this is outside our control (borrower acceptance etc.).
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Post by webbski9 on Jan 6, 2017 16:21:17 GMT
Thank you Filip
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,848
Likes: 11,077
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Post by ilmoro on Jan 11, 2017 8:01:07 GMT
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Post by Deleted on Jan 11, 2017 9:00:32 GMT
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Post by webbski9 on Jan 11, 2017 16:41:45 GMT
Filip. Great to see your first offering .Do investors receive the full 11% or do LandlordInvest deduct 1% ?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,848
Likes: 11,077
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Post by ilmoro on Jan 11, 2017 17:03:04 GMT
Oh... 11% 2nd charge, LTV 65-68% 290k Retained interest
However, no valuation on secured property until loan filled (though Rightmove listing price used as indicator) Lots of blanks in property details. Property has been on market for 4.5 months. No details of borrower, no details of project funds are being used for and thus viability of exit plan. What existing charges are there on the site? Secured property is occupied but not clear if this is the borrower and whether it is therefore covered by a mortgage regulations making recovery difficult.
Doesnt seem to be any form of Q&A to secure answers.
Bit disappointing really. .
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ben
Posts: 2,020
Likes: 589
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Post by ben on Jan 11, 2017 17:40:22 GMT
Oh... 11% 2nd charge, LTV 65-68% 290k Retained interest However, no valuation on secured property until loan filled (though Rightmove listing price used as indicator) Lots of blanks in property details. Property has been on market for 4.5 months. No details of borrower, no details of project funds are being used for and thus viability of exit plan. What existing charges are there on the site? Secured property is occupied but not clear if this is the borrower and whether it is therefore covered by a mortgage regulations making recovery difficult. Doesnt seem to be any form of Q&A to secure answers. Bit disappointing really. . Compared to some offers on other sites at similar amounts it is not to bad, granted needs a question and answer section and a little more information.
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Post by Deleted on Jan 11, 2017 17:41:06 GMT
Oh... 11% 2nd charge, LTV 65-68% 290k Retained interest However, no valuation on secured property until loan filled (though Rightmove listing price used as indicator) Lots of blanks in property details. Property has been on market for 4.5 months. No details of borrower, no details of project funds are being used for and thus viability of exit plan. What existing charges are there on the site? Secured property is occupied but not clear if this is the borrower and whether it is therefore covered by a mortgage regulations making recovery difficult. Doesnt seem to be any form of Q&A to secure answers. Bit disappointing really. . Thank you for your feedback, ilmoro. Much appreciated. We will consider the feedback and look into how we can improve the information that we disclose about a borrower and loan going forward, keeping data protection and other considerations in mind.
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Post by webbski9 on Jan 11, 2017 17:47:39 GMT
Good news Filip...but do you deduct 1% off the 11% ?
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Post by Deleted on Jan 11, 2017 17:48:35 GMT
Oh... 11% 2nd charge, LTV 65-68% 290k Retained interest However, no valuation on secured property until loan filled (though Rightmove listing price used as indicator) Lots of blanks in property details. Property has been on market for 4.5 months. No details of borrower, no details of project funds are being used for and thus viability of exit plan. What existing charges are there on the site? Secured property is occupied but not clear if this is the borrower and whether it is therefore covered by a mortgage regulations making recovery difficult. Doesnt seem to be any form of Q&A to secure answers. Bit disappointing really. . Compared to some offers on other sites at similar amounts it is not to bad, granted needs a question and answer section and a little more information. Thank you, ben. We might add an Q&A section, and have originally planned to do so, but there might be lack a of interaction from borrowers, especially those that come through brokers. This might change going forward once we receive more direct applicants that meet the platform's criteria.
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