withnell
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Post by withnell on Mar 28, 2017 20:08:56 GMT
Per the description for DFL020, it won't be drawn down until 085 is repaid, so who knows...
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jamesc
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Post by jamesc on Mar 28, 2017 21:26:33 GMT
I think SS are intentioned to flood the market. Releasing £6m tomorrow. But given PBL122 will repay tomorrow and they have told us PBL085 will repay before DLF020 draws down that's nearly £5.5mln plus this months interest due in a couple of day that actually more than the new loans. However the point is well made SS appear to want to flood us with new loans with no regard to the SM which by their own admission is meant to be there to facilitate sellers.
Plus given the demise of INPL is it not about time that SS paid interest on selling loan parts (every other site I use does) we are still on risk when selling plus SS have our money, and some selling queues are days long, so why don't they pay us interest. Or like everything they have done recently SS first, second and third and the lenders a very second best last !
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elliotn
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Post by elliotn on Mar 29, 2017 2:11:57 GMT
I think SS are intentioned to flood the market. Releasing £6m tomorrow. But given PBL122 will repay tomorrow and they have told us PBL085 will repay before DLF020 draws down that's nearly £5.5mln plus this months interest due in a couple of day that actually more than the new loans. However the point is well made SS appear to want to flood us with new loans with no regard to the SM which by their own admission is meant to be there to facilitate sellers.
Plus given the demise of INPL is it not about time that SS paid interest on selling loan parts (every other site I use does) we are still on risk when selling plus SS have our money, and some selling queues are days long, so why don't they pay us interest. Or like everything they have done recently SS first, second and third and the lenders a very second best last !
Agreed. Although I think the pipeline should be managed around business rather than our sales' requirements ie a dfl or new opportunity should get the funds when necessary rather than wait for the SM to drop and sales' interest may execerbate the queues (but we paid for the loan part so should earn the interest until sold). Lendy's objective is to be the largest property p2p - I believe aiming for 350M this year - so investors may have to be prepared for a more active pipeline; I don't think it's done to hurt us but to offer a wider investment choice (I'm only prefunding one loan, with cash on the new faster deposits if necessary). Also, the full repayment on pbl020, whilst serving a business interest, put lenders at least as equally as Lendy imo (to an expected cost of over 7 figures).
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twoheads
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Programming
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Post by twoheads on Mar 29, 2017 9:13:12 GMT
New 7% pipeline loan for a measly £206k and 6 month term.
"D PBL - J****** H****, ... Tenby".
EDIT - First added at 09:12. SS typo corrected at 09:15. Now reads: "PBL - J****** H****, ... Tenby".
EDIT - Times above are GMT; times in BST are 10:12 and 10:15.
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boundah
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Post by boundah on Mar 29, 2017 9:14:24 GMT
New 7% pipeline loan for £206k. a new record low?
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twoheads
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Post by twoheads on Mar 29, 2017 9:16:25 GMT
New 7% pipeline loan for £206k. a new record low? Not quite... PBL165 was 7% and only £151k.
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Post by scerbera on Mar 29, 2017 9:51:56 GMT
New 7% pipeline loan for £206k. a new record low? Link to property <-- link removed --> I live in Pembrokeshire and I'd say that although this is a relatively poor interest rate, I would be shocked if it wasn't worth the value of the loan, and so this is one of v few I'd hold to term.
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twoheads
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Post by twoheads on Mar 29, 2017 22:17:00 GMT
It may have been a little over enthusiastic to send five loans live in a day.
However, they (SS) did manage three out of five... nearly as good as two out of three... which ain't bad - apparently.
Although it's only 23:15 so I may be counting the proverbial chickens a tad early.
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freddy
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Post by freddy on Mar 30, 2017 4:40:47 GMT
a new record low? Link to property <-- link removed --> I live in Pembrokeshire and I'd say that although this is a relatively poor interest rate, I would be shocked if it wasn't worth the value of the loan, and so this is one of v few I'd hold to term. I think I'd feel a little better if the LTV was very much lower. But, 7% for any loan with a 70% LTV accurate or not just isn't good enough.
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twoheads
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Post by twoheads on Mar 30, 2017 13:19:34 GMT
PBL166 just gone live (14:16). 1310 investors, allocation £3150 I think.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 30, 2017 16:58:52 GMT
PBL just appeared (12%!)
SECURITY VALUE £12,000,000
LOAN VALUE £4,763,528
LOAN TO VALUE 40%
TERM 365 days
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Post by dan1 on Mar 30, 2017 17:25:38 GMT
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sqh
Member of DD Central
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 30, 2017 17:39:15 GMT
This is well known eyesore with big plans.
<link redacted as it names an asset that will be security for a loan>
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Liz
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Post by Liz on Mar 30, 2017 18:44:31 GMT
They must be close to launching an ISA, otherwise I don't see how they are going to fill all of these loans + all of the extra tranches on the DFL's.
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averageguy
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Post by averageguy on Mar 30, 2017 19:40:31 GMT
Or I could as I live ...erm close by
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