seeingred
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Post by seeingred on May 2, 2017 11:33:43 GMT
This isn't a hint (honestly) but you would get more money in if there was an isa on the go. I know this isn't a high priority but this is what I need personally if I was to invest more. So I presume that there are others like me. Agreed.
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seeingred
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Post by seeingred on May 2, 2017 11:36:13 GMT
" the higher the rate the more likely people will sell other P2P investments and move the money to this loan. "
Assuming they can sell them that is !!! And on what timescale.?
Seen the L(SS) SM recently?
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hazellend
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Post by hazellend on May 2, 2017 11:38:21 GMT
It will fill.
I don't even need to see the specifics, I'm in big time!!!!
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dovap
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Post by dovap on May 2, 2017 11:40:11 GMT
apologies if already asked & answered-
is the prospective borrower linked to (or hold) other loans on MT ? (or other P2P platforms as far as you know)
fwiw - reckon it would shift just fine if the security stacks up and lenders aren't already exposed to the borrower
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on May 2, 2017 11:45:36 GMT
Oh, no problem with suggesting, I'm naive alright! Forgetting Lender interest rates, my point is that another P2P could offer better Borrower rates for a "good" Loan? Sorry what is the point of this line of enquiry? Of course, another platform could offer better rates, free chocolate, a chilli plant and some dancing girls. So what? Ed has put up a vague proposal to see general appetite and you are immediately asking why MT has 'won' the business thereby implying, based on nothing, that there is something wrong with the loan or the borrower or they would have got a lower rate elsewhere. Whoa! I wasn't implying anything, I was just asking the simple question that everyone was thinking. That's all. This is business, you're supposed to ask questions that might be considered awkward? I doubt Ed took offence. Sheeeesh.
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fp
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Post by fp on May 2, 2017 11:46:38 GMT
This isn't a hint (honestly) but you would get more money in if there was an isa on the go. I know this isn't a high priority but this is what I need personally if I was to invest more. So I presume that there are others like me. I have to agree with this, i've a tidy sum sat doing nothing presently, patiently waiting for the right platform to jump on board, and I know i'm not alone. That aside, I think a decent quality loan at 12% would fill ok, there are a lot of BH's out there who are probably a bit disappointed at the currently small allocations available on most loans, maybe a pre-discussed allocation with those people beforehand would be a big help on larger loans.
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Post by MoneyThing on May 2, 2017 11:55:41 GMT
apologies if already asked & answered- is the prospective borrower linked to (or hold) other loans on MT ? (or other P2P platforms as far as you know) fwiw - reckon it would shift just fine if the security stacks up and lenders aren't already exposed to the borrower (New borrower)
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SteveT
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Post by SteveT on May 2, 2017 12:15:29 GMT
Amongst all the optimism I would like to add a note of caution. Firstly, you could replace the figure of £3.3m with £30m and you would still get posters saying go for it. A few maybe, but not the long-term MT lenders I suspect. My earlier response would have been different had the potential loan been £4-5m, let alone £30m
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stevio
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Post by stevio on May 2, 2017 12:18:02 GMT
MoneyThingResponses here are very subjective - "Yes, I would put a bit more than my normal investment in" means nothing if you can't quantify this with figures. I suggest adding a poll with graduations of level of investment. It is still subjective, but should give you a better idea. An ISA launch around this time would help immensely. Yes, people can't currently get much invested, but if an ISA was launched just before a big chunky loan was available, I think you find people fill it as a short term investment to get funds onto MT and into an ISA. As an investor, I wouldn't mind this as you could just leave it on the SM and slowly sell off, whilst still earning interest.
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Post by penguin on May 2, 2017 12:19:17 GMT
Set it up so that the BHs can get a big chunk straight off the bat - wasn't there some plan to introduce pre-funding or whatever its called?
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Post by twoseat on May 2, 2017 12:21:40 GMT
I'm very new on MT, and so far have invested a few hundred just to understand how MT works. With large deals like this I'm more interested in the selling it's likely to cause than the deal itself (though I would take part). I'm very interested in diversification within a platform, which is tricky when you're pretty new. So I'd say a big deal like this, that's likely to cause some turnover in the secondary market, would be very welcome.
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johni
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Post by johni on May 2, 2017 12:52:17 GMT
Yes I would be willing to add new money to help this along. ISA wouldo definitely help make it fly.
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oldtimer
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Post by oldtimer on May 2, 2017 12:54:46 GMT
Me too. My past years ISA money is looking for a good home.
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dermot
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Post by dermot on May 2, 2017 13:15:08 GMT
Depends partly on timing - every 1st of the month, I usually have ~ £2K returned from other platforms - and £2K is generally my limit in any one load for diversity reasons.
In general, I would probably go up a bit in investment size for longer loans.
If the valuation and credit report are comparable to other 12% loans on the MT books, I would certainly go in.
So are there another another 1649 people like me at the moment?
On the other hand, I have a big chunk that I'm considering pulling out of BM after the recent changes to the Ts&Cs there ...
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dermot
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Post by dermot on May 2, 2017 13:16:52 GMT
Yes I would be willing to add new money to help this along. ISA wouldo definitely help make it fly. Yeah - offer 12% tax free and you'd get swamped ...
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