theshape
Member of DD Central
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Post by theshape on Jun 25, 2017 16:53:32 GMT
There hasn't been a new Jewellery Loan since 19th May. Are we likely to see any more?
The SM rarely has any Jewellery loans available and with the tiny amounts available for Jewellery Loan renewals lately I'm considering withdrawing funds as loans repay rather than leaving funds sitting in my account waiting for Jewellery loans to become available. I'm less interested in Property loans (although I do invest in a few).
I joined the platform in late February. I didn't invest much in those loans early on as there appeared to be a steady stream of them for regular investments. Have I simply 'missed the boat' for Jewellery loans?
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tomp
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Post by tomp on Jun 26, 2017 7:13:33 GMT
Great question  . If you don't mind I would add to it. I am wondering what is the Collateral's plan for the future. Recently I can only see new property loans is that what you are concentrating your efforts on at the moment? Any comments Collateral Rep ? |
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Post by Collateral Rep on Jun 26, 2017 8:04:36 GMT
Morning,
We haven't had any loan applications in for other asset classes recently that are suitable to lend against. We have had applications for art and antiques that are too large for our platform and have refereed them onto other lenders.
We have exhibited at a number of finance exhibitions recently and due to this the deal flow currently is mainly property loans. We do reject more loans than we accept as they fail our strict Due Diligence procedures.
We will list other asset class loans as and when we receive them but also believe that our property loans are good investment opportunities with excellent rates of return.
Thank you for your support to date and hopefully you will continue to support us.
Gordon
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Kyrios
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Post by Kyrios on Jun 26, 2017 9:14:03 GMT
Morning, We haven't had any loan applications in for other asset classes recently that are suitable to lend against. We have had applications for art and antiques that are too large for our platform and have refereed them onto other lenders. We have exhibited at a number of finance exhibitions recently and due to this the deal flow currently is mainly property loans. We do reject more loans than we accept as they fail our strict Due Diligence procedures. We will list other asset class loans as and when we receive them but also believe that our property loans are good investment opportunities with excellent rates of return. Thank you for your support to date and hopefully you will continue to support us. Gordon Out of curiosity, what do you deem "too large" for your platform ?
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Post by Collateral Rep on Jun 26, 2017 10:28:07 GMT
Hi @ Kyrios, In excess of 2 million. Many thanks, Gordon |
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Kyrios
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Post by Kyrios on Jun 26, 2017 10:40:31 GMT
Hi @ Kyrios , In excess of 2 million. Many thanks, Gordon Pity, because that's the kind of loan I might be very interested in... Hope to see it resurface on one of the other platforms I am working with.
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Post by lendinglawyer on Jun 26, 2017 13:27:27 GMT
Hi @ Kyrios , In excess of 2 million. Many thanks, Gordon Again just out of curiosity, is that a non-property limit? Because obviously now, with the development tranches which are currently on the PM, Bolton is already >£2m... PS I wish some of the "art" and/or "antiques" kicking around my house was this valuable...
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Post by akihisafumihiro on Jun 26, 2017 19:56:56 GMT
Not large if you offer 25% cashback.
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binkle
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Post by binkle on Jul 11, 2017 20:46:59 GMT
I too agree with the many comments regarding jewellery loans. They may not be the biggest profit area, but they do give me and others a reason for including collateral among my lending. I would probably increase holding 3 fold over time if a steady stream of small interesting loans came on, whereas property takes me elsewhere...
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dermot
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Post by dermot on Jul 12, 2017 6:33:23 GMT
I too agree with the many comments regarding jewellery loans. They may not be the biggest profit area, but they do give me and others a reason for including collateral among my lending. I would probably increase holding 3 fold over time if a steady stream of small interesting loans came on, whereas property takes me elsewhere... I feel much the same, CO is close to being my largest P2P platform, but I have about as much in property overall as I care to invest, so more bling would certainly make me increase my holdings here.
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Post by angrykittens on Jul 12, 2017 9:06:39 GMT
Also echo the comments about wanting more Bling, COL is my largest platform just barely because I've maxed out any limits on bling loans that have come along. I'm a small fry though, have less than 10k across all my platforms...
I'm not adverse to property loans, it's just, who doesn't do property loans?!
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ben
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Post by ben on Jul 12, 2017 10:05:31 GMT
Also echo the comments about wanting more Bling, COL is my largest platform just barely because I've maxed out any limits on bling loans that have come along. I'm a small fry though, have less than 10k across all my platforms... I'm not adverse to property loans, it's just, who doesn't do property loans?! Unfortunately if you want to expand then bling will not cover it, unbolted which is probably my biggest bling investment has had to find other ways to issue large loans on bling to get the money in, advancing money to buy at auction so could be interesting to see how this works out in the long run.
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dermot
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Post by dermot on Jul 12, 2017 13:53:37 GMT
I'm reducing my holdings in one or two other P2P platforms for various reasons, but I'd still put some more into CO property loans, so long as there is also some bling to leaven the mix.
With potentially dark times ahead for investors and the economy in general, a mix of bling with property means that I'm pretty much guaranteed decent liquidity - should I need it - on the non-property part of my loan book, whereas I always assume that property will generally need to be held to the end (or later, on certain other platforms...).
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. If you don't mind I would add to it. I am wondering what is the Collateral's plan for the future. Recently I can only see new property loans is that what you are concentrating your efforts on at the moment? 
