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Post by sannytwist on Apr 3, 2017 18:12:27 GMT
Hi all, am l missing something? but why is there so much AE loans on the SM. End date isn't even until July, at least another 3 months.
Is there a reason why people are flogging their AE loans already?
Any opinions would be appreciated,
SannyTwist.
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gt94sss2
Member of DD Central
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Post by gt94sss2 on Apr 3, 2017 18:48:28 GMT
Personally, I think a lot of the selling across a number of platforms - not just MT - is currently driven by end of tax year/ISA reshuffling
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SteveT
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Post by SteveT on Apr 3, 2017 18:58:01 GMT
Presumably many people have a large AE holding and, rather than have it all repay at the same point, when it might prove tricky to lend again quickly, prefer to redeploy some of it into new loans as they appear.
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Post by spareafewcoppersguv on Apr 3, 2017 19:54:13 GMT
Presumably many people have a large AE holding and, rather than have it all repay at the same point, when it might prove tricky to lend again quickly, prefer to redeploy some of it into new loans as they appear. Exactly!
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Post by sannytwist on Apr 3, 2017 21:46:02 GMT
Thanks for the posts, l agree on the points made. I bought some AE parts so just thought why so much was out all of a sudden.
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archie
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Post by archie on Apr 4, 2017 6:28:23 GMT
AE loans are some of my favourites on the platform. I have far too much invested already but not selling yet, bought a little bit more though.  |
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jonbvn
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Post by jonbvn on Apr 4, 2017 10:31:58 GMT
AE loans are some of my favourites on the platform. I have far too much invested already but not selling yet, bought a little bit more though. The AE and CS loans are my bread and butter loans on this platform. They are ideal low maintenance investments - long may they continue!
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Post by savgeax on Apr 4, 2017 10:35:40 GMT
I have just taken some. I thought it one person clearing out the closet. Its a rare find nowadays. Im happy  |
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greatmarko
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Post by greatmarko on Apr 4, 2017 12:37:45 GMT
Hi all, am l missing something? but why is there so much AE loans on the SM. End date isn't even until July, at least another 3 months. Is there a reason why people are flogging their AE loans already? Any opinions would be appreciated, SannyTwist. I suspect it's because MT have confirmed that after July AE loans will no longer be offered through the platform. From MT's email to investors on 31st Jan: " AE are now seeking cheaper long-term finance to support their growth plans and they are in discussions with an alternative provider" It's likely that if AE have their alternative finance in place before the end of July, that all these loans will be repaid sooner. So I suspect that's why some lenders would prefer long-term investments on MT rather than those what will only last 3 months MAX.
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