Interest Rate Increase

Collateral Rep
Representative of Collateral

Posts: 1,209

Likes: 1,915

Interest Rate Increase May 25, 2017 15:22:54 GMT star dust, elliotn, and 9 more like this

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Post by Collateral Rep on May 25, 2017 15:22:54 GMT

Afternoon,

We’ve been evaluating the seven shorter term loans we have available at Barrowford;

BL00028
BL00029
BL00030
BL00031
BL00032
BL00033
BL00034

The feedback we have received is that the 3 month term isn’t as appealing as longer term loans, we’ve spoken to our borrowers and decided to offer these loans and any future shorter term loans and the upcoming development finance loans at a higher interest rate.

All loan parts already funded and loan parts funded going forward will receive 14% interest, paid on the 1st of the month as usual.

The rate has been updated on all seven loans to reflect the above.

Many thanks,

The Collateral Team

greatmarko Member of DD Central Posts: 343 Likes: 373	Interest Rate Increase May 25, 2017 15:27:22 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by greatmarko on May 25, 2017 15:27:22 GMT May 25, 2017 15:22:54 GMT Collateral Rep said: ...The rate has been updated on all seven loans to reflect the above. Rates in "Loan Detail" description sections also need updating as they're still showing 12%

Collateral Rep Representative of Collateral Posts: 1,209 Likes: 1,915	Interest Rate Increase May 25, 2017 15:33:28 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by Collateral Rep on May 25, 2017 15:33:28 GMT Thanks greatmarko... Updated now!

elliotn
Member of DD Central

Posts: 3,063
Likes: 2,681

Interest Rate Increase May 25, 2017 15:58:58 GMT via Tapatalk

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Post by elliotn on May 25, 2017 15:58:58 GMT

Redeployed my Bolton sales, just waiting on additional, notified deposit - does this follow the same procedure as before or has it been automated at Santander ie regular intervals?

Edit - am in, took a slither of Birhkenhead while I was at it.

ganymede
Member of DD Central

Posts: 299

Likes: 207

Interest Rate Increase May 25, 2017 16:11:26 GMT

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Post by ganymede on May 25, 2017 16:11:26 GMT

I already have invested across all these. Just can't add more it's already quite a large amount of each.

I do keep track of interest, so will need to change my spreadsheet calculations for multiple rates. These are based on the transactions download, which doesn't include the % rates, nor when viewing my loans. Will % rates be added to various pages and downloads.

star dust
Member of DD Central

Posts: 2,998
Likes: 3,531

Interest Rate Increase May 25, 2017 17:40:58 GMT elliotn likes this

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Post by star dust on May 25, 2017 17:40:58 GMT

A slow trickle rather than flying off the shelf, I think everyone’s suffering from back-of the sofa and grindingly slow SM fatigue, but they’re filling. To help them along I’ve just upped my original investment in all of them by some 50%

.

gt94sss2 Member of DD Central Posts: 281 Likes: 137	Interest Rate Increase May 26, 2017 13:48:15 GMT elliotn and GeorgeT like this Quote Select Post Deselect Post Link to Post Back to Top Post by gt94sss2 on May 26, 2017 13:48:15 GMT These look like PBL174 with Lendy has listed at 9%..

micky Member of DD Central Posts: 651 Likes: 536	Interest Rate Increase May 26, 2017 14:18:04 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by micky on May 26, 2017 14:18:04 GMT Yes, I think the situation is that Collaterals borrower is buying them from Lendys borrower.

Post by Collateral Rep on May 25, 2017 15:22:54 GMT

Post by greatmarko on May 25, 2017 15:27:22 GMT

Post by Collateral Rep on May 25, 2017 15:33:28 GMT

Post by elliotn on May 25, 2017 15:58:58 GMT

Post by ganymede on May 25, 2017 16:11:26 GMT

Post by star dust on May 25, 2017 17:40:58 GMT

Post by gt94sss2 on May 26, 2017 13:48:15 GMT

Post by micky on May 26, 2017 14:18:04 GMT