fogey
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Post by fogey on Apr 26, 2017 21:55:27 GMT
The local plan had a "minded to approve" 27 houses on this site. Presumably the borrowers prefer the proposed scheme as it's less capital intensive and possibly more profitable.
A new park home can be transported to the intended site and connected to all the main services in a matter of days, so it is far quicker and cost effective than building a house. The foundations are much simpler too, so there is also a major cost saving there.
The basic infrastructure (roads, utilities etc.) will be very similar for a park home and a conventional home. So once this cost is absorbed then the new park homes can be quickly sited according to demand. Possibly a few will be used as promotional material for the sales office and in this case the new homes can be quickly supplied and installed according to the orders placed.
So the profit potential would seem to be intuitively much higher than building houses.
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GeorgeT
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Post by GeorgeT on Apr 26, 2017 23:32:18 GMT
tbh I am simply not bright enough nor good enough with figures to run the numbers, probabilities, possibilities, permutations and computations, on this one.  Is it fair to reason that if " Broadoak will be investing 5% of the loan amount on a first loss basis." then it's also reasonable to dip a three figure toe in the water? I think so and I will be dipping a low four-figure sum in this investment. I have already done a money transfer in readiness. While nobody should make investment decisions based on my personal opinions, I am happy enough to be having a dabble. To me, being protected from the first 5% of any loss justifies the rate of 11%.
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theshape
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Post by theshape on Apr 26, 2017 23:47:06 GMT
tbh I am simply not bright enough nor good enough with figures to run the numbers, probabilities, possibilities, permutations and computations, on this one. Is it fair to reason that if " Broadoak will be investing 5% of the loan amount on a first loss basis." then it's also reasonable to dip a three figure toe in the water? I think so and I will be dipping a low four-figure sum in this investment. I have already done a money transfer in readiness. While nobody should make investment decisions based on my personal opinions, I am happy enough to be having a dabble. To me, being protected from the first 5% of any loss justifies the rate of 11%. This loan has really got the secondary market moving today which has got me invested in a good number of loans that I didn't hold previously. I've had to deposit the figure I plan to invest in this loan a total of five times today as each time I've invested the lot (not that it's a huge amount) in the SM.
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fogey
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Post by fogey on Apr 27, 2017 2:42:16 GMT
Should be some more cash coming in from Warrington later today so even more to play with  But I suspect everyone is thinking like you at the moment so a 24 hour sell out is on the cards !
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freddy
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Post by freddy on Apr 27, 2017 3:09:08 GMT
i agree. I too have already transferred in the current bid limit in readiness. I will shortly transfer a further sum on the off chance I can pick up a bit more once the restriction is lifted. 18 months is a good term, 11% is a good rate, 5% initial loss protection adds that additional comfort factor.
What I really like is that I can hold for a year at 11% and then review. If I decide to sell then a 4/5/6 month loan at 11% should sell easily, especially as it is quite possible that by that time, there will have been a a downturn in average % rates being paid.
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oldgrumpy
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Post by oldgrumpy on Apr 27, 2017 8:20:04 GMT
MoneyThing Do we have to change our bank transfer details from Capital Mortgages to Moneything, or does the Capital Mortgages recipient still work? All the account numbers are unchanged.
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Post by MoneyThing on Apr 27, 2017 8:23:17 GMT
MoneyThing Do we have to change our bank transfer details from Capital Mortgages to Moneything, or does the Capital Mortgages recipient still work? All the account numbers are unchanged. Morning, I am fairly sure that it is not critical, however probably best to change them at some point. Bank account details remain the same and to be fair I am not sure if our bank has yet amended our company name on their system as yet as it still shows CMD when I login (although I have been issued a new debit card with the new name). Regards, Ed
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oldgrumpy
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Post by oldgrumpy on Apr 27, 2017 8:25:48 GMT
OK. I'll try it as cap mortgages for today. Expect my ninepence ha'penny!
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Post by MoneyThing on Apr 27, 2017 8:40:20 GMT
OK. I'll try it as cap mortgages for today. Expect my ninepence ha'penny! ...don't know what that means but thanks anyway! 
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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
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Post by ilmoro on Apr 27, 2017 8:41:06 GMT
OK. I'll try it as cap mortgages for today. Expect my ninepence ha'penny! Ive still got Cap Mort as the recipient and the ones Ive sent in the last few days have gone through fine.
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star dust
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Post by star dust on Apr 27, 2017 8:42:34 GMT
I didn't change any details and the deposit worked fine for me earlier this morning. As I actually managed to buy some things on the SM for almost the first time ever I ended up transfering more in. MTAH531 is selling well too despite it's promised repayment today, I've now sold all bar a small amount of my holding. Think some with ahem... flying fingers have woken up though the SM has large amounts flashing through I can barely load the (now sold out) loan page on.
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oldgrumpy
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Post by oldgrumpy on Apr 27, 2017 8:43:28 GMT
OK. I'll try it as cap mortgages for today. Expect my ninepence ha'penny! ...don't know what that means but thanks anyway! 79.17% of my pocket money when I was ten! Oh, and the transfer was successful
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amphoria
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Post by amphoria on Apr 27, 2017 8:49:11 GMT
The recipient name doesn't matter. I have always had it set to MoneyThing.
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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
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Post by ilmoro on Apr 27, 2017 10:16:51 GMT
MoneyThing Once youre through customs and safely esconced in the limo/suite. Could you clarify the reference in the particulars to planning for 5 houses? I cant find any mention of this in the valuation or the planning applications; only two houses mentioned there.
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am
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Post by am on Apr 27, 2017 13:43:19 GMT
MoneyThing Once youre through customs and safely esconced in the limo/suite. Could you clarify the reference in the particulars to planning for 5 houses? I cant find any mention of this in the valuation or the planning applications; only two houses mentioned there. I've been digging further, and the result is that it's not clear to me that the planning permission for two detached homes is current. The extension granted 1/8/12 would have run out 1/8/15, unless crystallised by commencing development. So that's another point for MoneyThing to clarify.
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