johni
Member of DD Central
Posts: 366
Likes: 327
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Post by johni on Nov 16, 2017 16:45:56 GMT
Looks like BPF loans will be ending sooner rather than later. They must be getting funds from elsewhere.would be nice to know what has made the change.
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Post by bracknellboy on Nov 16, 2017 16:47:25 GMT
The amount I have on MT is ever decreasing.....Once this one goes, I'm going to be at about half what I had at peak.
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m2btj
Member of DD Central
Posts: 626
Likes: 749
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Post by m2btj on Nov 16, 2017 17:11:30 GMT
This was a good loan, a highly visible prestige development with lots of good quality marketing. I'm sure it will be a great asset to Manchester.
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hazellend
Member of DD Central
Posts: 2,361
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Post by hazellend on Nov 16, 2017 17:30:10 GMT
Sad to see it go. Glad to have been able to help get it built
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Post by Badly Drawn Stickman on Nov 16, 2017 17:40:24 GMT
Well it's the safest loan on MT for one more night, so just bought some more. I won't be sorry if they change their mind about extending though. Probably some of mine. I just sold down enough to give me the option of 'building a theme park in hell tomorrow' in case the repayment is later in the day.
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blink
Member of DD Central
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Likes: 119
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Post by blink on Nov 16, 2017 19:11:26 GMT
Well it's the safest loan on MT for one more night, so just bought some more. I won't be sorry if they change their mind about extending though. Me to....was going to buy additional hoping for the extension...logged on to find repaying tomorrow.. Bought some anyway...as it is getting ever more precarious finding good quality loans...
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elliotn
Member of DD Central
Posts: 3,063
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Post by elliotn on Nov 17, 2017 5:46:08 GMT
I'm also happy for this one to renew - and would probally increase my current holding. Not sure why the decision to renew (or the comms around it) has not appeared. If it does renew at least we can consilidate the multiple tranches into one loan Presumably our borrower has secured cheaper funding to refi and complete Phase 2. Shame but well done and at 7 months overdue we mustn't grumble .
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oik
Member of DD Central
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Post by oik on Nov 17, 2017 8:46:01 GMT
Presumably our borrower has secured cheaper funding to refi and complete Phase 2. Shame but well done and at 7 months overdue we mustn't grumble . A lot of peeps here not happy with some ofthe very high risk loans coming through so would have been interesting to know the terms the borrowers got and how many here would have been willing to match them. Seems to be bit of a mismatch of expectations.
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johni
Member of DD Central
Posts: 366
Likes: 327
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Post by johni on Nov 17, 2017 11:10:40 GMT
Ok with loans rapidly repaying and not being replaced time to look for another platform or 2. Which would you recommend please.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Nov 17, 2017 12:52:59 GMT
It might be that the best days of this type of p2p are over. All the low hanging fruit has been picked. Loans get scarier and scarier. More platforms are chasing fewer opportunities.
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johni
Member of DD Central
Posts: 366
Likes: 327
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Post by johni on Nov 17, 2017 14:45:03 GMT
Ok with loans rapidly repaying and not being replaced time to look for another platform or 2. Which would you recommend please. Are you with any others? Might help to state who, if you are. Would certainly save wasted effort with others suggesting those platforms. There's also a poll running which closes in two weeks. If you can hold out that long, you'll get the most comprehensive answer possible, I should think. Thanks I am with Zopa, Assetz, Rate Setter and LandBay.
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GeorgeT
Member of DD Central
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Post by GeorgeT on Nov 17, 2017 16:13:57 GMT
REPAID!
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Doc
Member of DD Central
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Post by Doc on Nov 17, 2017 16:23:27 GMT
Will the accrued interest also be paid today ? ... If so I will wait ... before making a withdrawal.
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Post by MoneyThing on Nov 17, 2017 16:24:46 GMT
Will the accrued interest also be paid today ? ... If so I will wait ... before making a withdrawal. Yes. Regards, Ed.
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GeorgeT
Member of DD Central
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Post by GeorgeT on Nov 17, 2017 16:27:00 GMT
Interest is being added with the repayment of each drawdown. It's all happening at MT Towers.
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