nick
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Post by nick on May 2, 2017 13:29:44 GMT
I think there is a good chance of filling £3.3 @ 12% with a 55% LTV and no red flags. I think it will be a good test and may wet the appetite of larger lenders who have been put off by bid restrictions on more recent loans. I haven't been very active on your site for a while because most recently loan have been offered at <12% (12% is my own hurdle rate) and the bid restrictions. I for one would be looking to make a sizeable investment and I'm sure there are many others of a similar view.
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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 13:35:56 GMT
I think there is a good chance of filling £3.3 @ 12% with a 55% LTV and no red flags. I think it will be a good test and may wet the appetite of larger lenders who have been put off by bid restrictions on more recent loans. I haven't been very active on your site for a while because most recently loan have been offered at <12% (12% is my own hurdle rate) and the bid restrictions. I for one would be looking to make a sizeable investment and I'm sure there are many others of a similar view. Why not find a tame Valuer Ed, concoct a Dodgy VR, with an even dodgier LOW LTV, omit any contentious issues, and *decuple your Profits! ( * That's 10 x , had to look it up myself before using it )
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Post by MoneyThing on May 2, 2017 14:20:49 GMT
Thank you all for your comments - I have just gone back to progress this loan to the next stage. All the best, Ed.
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ozboy
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Post by ozboy on May 2, 2017 14:32:49 GMT
And that's a Thumbs Up from OzBoy
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elliotn
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Post by elliotn on May 2, 2017 15:22:17 GMT
It will fill. I don't even need to see the specifics, I'm in big time!!!! DD is everything.
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ozboy
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Post by ozboy on May 2, 2017 15:49:14 GMT
It will fill. I don't even need to see the specifics, I'm in big time!!!! DD is everything. Yes, unless you're a *Dolphin. ( * "Flipper" )
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elliotn
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Post by elliotn on May 2, 2017 16:09:21 GMT
Yes, unless you're a *Dolphin. ( * "Flipper" ) 09dolphin, 1st thoughts?
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littonowl
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Post by littonowl on May 2, 2017 18:46:00 GMT
Seems I've arrived a little late to the thread, and I'm not a BH, but I'd be another one willing to chuck more than my usual amount into the loan if it was available as an MT IFISA, but would rather not add too much more non-ISA money.
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blink
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Post by blink on May 2, 2017 19:43:52 GMT
I would definitely be interested and would put in new money...got some funds coming from elsewhere....
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Post by marcusponds on May 2, 2017 19:59:50 GMT
MoneyThing Ed, bear in mind you successfully launched Putney and Lancashire close together with total value around £2.2 m, so has been a large appetite out there for the right opportunities. I've been a subscriber for about 6 months only, have moved mid 5 figures from other P2P platforms to MT, and would certainly have added another 50% if the opportunities had arisen. I have pent up demand!
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jonah
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Post by jonah on May 2, 2017 20:01:58 GMT
As a relatively minor investor, I have recently increased my 'maximum target level' for MT passed on news from the platform. So, if the loans are good, I do have some cash for them.
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boundah
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Post by boundah on May 3, 2017 8:59:59 GMT
I'm by no means a BH but would certainly be interested in moving a decent chunk of my funds from other platforms (one in particular) if the rate on offer were 12%, with first charge, confidence in the DD and a decent LTV.
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adrianc
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Post by adrianc on May 3, 2017 9:32:10 GMT
I'm by no means a BH but would certainly be interested in moving a decent chunk of my funds from other platforms (one in particular) if the rate on offer were 12%, with first charge, confidence in the DD and a decent LTV. You might not be alone in that...
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am
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Post by am on May 3, 2017 10:48:13 GMT
Okay hands up! Is anyone planning to do some of their own due diligence before firing cash into this new loan offer? Obviously. I'd want to take a view on planning risk, as any valuation would likely include some hope value from the prospect of obtaining full planning permission. I advise MoneyThing to make sure that the VR is transparent (assuming that it's a good loan, as pushing the limit on a poorer loan is a bad idea). I didn't put much into the last BPF loan because I didn't understand how the valuation was obtained, and I wouldn't be surprised if I was not the only one.
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Post by bonfemme on May 3, 2017 15:56:26 GMT
I am also mindful that we have a had a bit of a drought recently which would have skewed the rate of uptake of the recent loan. Although we seem to be attracting 150 to 200 new lenders per month of which typically two-thirds go on to invest. Ed, it's good to hear 150 to 200 new lenders are signing up with MT every month. However, I'm a bit surprised that many manage to get through the ID verification checks. I talked my daughter into registering this morning. Not only has she been asked to upload copies of her passport and bank statements etc, which is fair enough, she has been asked for them to be certified by a solicitor or accountant. With two kids under 4, she simple hasn't got time or the inclination to arrange to do this or pay the certifiable fee required. A pity as she had transferred savings ready to make her first deposit. She can't be bothered with it all now.
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