ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,789
Likes: 11,010
|
Post by ilmoro on Jun 9, 2017 12:15:14 GMT
Afternoon, We have five new loans going live now with a £1,000 bid limit on each loan. The 5 loans are individual apartments in the same block. 5 x Property Loan Interest P/A - 12% Loan value of £45.00 (value £65,000) LTV 69.23% Loan Term - 6 months Bid Limit - £1,000 You can see these loans in Available Loans now - the loan is offering interest at a rate of 12% per annum.Many thanks, Gordon 45? Mods, Collateral Rep pls edit accordingly Error in the email but I think we can work out what they mean
|
|
elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
|
Post by elliotn on Jun 9, 2017 12:38:51 GMT
Error in the email but I think we can work out what they mean I reported my own post, the meaning was obvious (it was merely for Coll housekeeping ilmoro ). BL00038 rejected me over 100 GBP which I more meaningfully reported, now accepted.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,789
Likes: 11,010
|
Post by ilmoro on Jun 9, 2017 12:41:46 GMT
Collateral Rep think there is an error in the loan details for these as the all say they are secured against 10 O***** V*** when presumably they are each secured against themselves (Below the address)
|
|
|
Post by Collateral Rep on Jun 9, 2017 12:45:20 GMT
Thanks ilmoro, I've corrected the details. Gordon
|
|
ianj
Member of DD Central
Posts: 654
Likes: 519
|
Post by ianj on Jun 9, 2017 12:48:59 GMT
Correction email now showing Loan Value to three decimal places (£45.000) but I think we'll work that one out as well!
|
|
mrflush
Member of DD Central
This is not me
Posts: 98
Likes: 40
|
Post by mrflush on Jun 9, 2017 13:10:23 GMT
Always good to get greater precision from a platform but in this instance...?
|
|
littonowl
Member of DD Central
Posts: 398
Likes: 355
|
Post by littonowl on Jun 9, 2017 13:39:04 GMT
Appreciate Coll probably needed to bring property into the equation for their LT business model, but I really wished they hadn't shelved the individual pawn & car loans that they used to have everyday. Surely these could have been kept too, with reasonable (albeit, small in some cases) bid limits put in place?
I'm already up to the gills in property loans elsewhere, and if I'm honest on sites that I feel have more experience in this area, and that bring better quality loans to market.
For me Coll have given away their USP, which is a real shame.
|
|
mrflush
Member of DD Central
This is not me
Posts: 98
Likes: 40
|
Post by mrflush on Jun 9, 2017 14:03:17 GMT
In case I was misunderstood, I was referring to the additional decimal place
|
|
elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
|
Post by elliotn on Jun 27, 2017 14:59:46 GMT
Some eyebrows raised at the tenant for BL27 - singularly constituting nearly my whole FS barge-pole - which allied to the dotting of i's on Bolton I think we can take some reassurance at the robustness of Coll's / Collateral Rep 's move into property.
|
|
stevio
Member of DD Central
Posts: 2,065
Likes: 894
|
Post by stevio on Jun 27, 2017 19:08:33 GMT
Some eyebrows raised at the tenant for BL27 - singularly constituting nearly my whole FS barge-pole - which allied to the dotting of i's on Bolton I think we can take some reassurance at the robustness of Coll's / Collateral Rep 's move into property. What happened here?
|
|
stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
Likes: 945
|
Post by stub8535 on Jun 27, 2017 20:05:38 GMT
Some eyebrows raised at the tenant for BL27 - singularly constituting nearly my whole FS barge-pole - which allied to the dotting of i's on Bolton I think we can take some reassurance at the robustness of Coll's / Collateral Rep 's move into property. What happened here? stevio email to investors earlier today saying loan had been withdrawn after further dd. No details given.
|
|
|
Post by elephantrosie on Jun 28, 2017 6:51:08 GMT
i also wonder what happened to this loan. but anyhow, i am pleased with colateral's DD. well done.
|
|
|
Post by Collateral Rep on Sept 19, 2017 13:47:50 GMT
Hi @new2p2p ,
We introduced loan extensions following discussions with borrowers who request the loan to be extended for a shorter period than the original loan length.
I'll get an update re the status of this project for you.
Interest is paid on or before the beginning of the extension date.
Many thanks,
|
|
|
Post by Collateral Rep on Sept 19, 2017 15:07:29 GMT
Hi @new2p2p,
I will ask for this to be amended.
Many thanks,
Gordon
|
|