stevio
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Post by stevio on Aug 20, 2019 8:54:13 GMT
ablrate and anyone else in 97 Last Capital and Interest payment on the above loan appears to be 07/06/19 which corresponds to the 02/12/19 payment Interest is due to be capitalised, but there appears to be 8 payments of interest due after this – this would appear to be more than the XXX payment made currently for Capitalised Interest Has anyone else found this discrepancy or have I worked things out wrong
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stevio
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Post by stevio on Aug 19, 2019 20:35:44 GMT
AHH my bad, didn't read to end
Know I received email somewhere about changes 67, is that update on the loan info for 67?
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stevio
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Post by stevio on Aug 19, 2019 20:04:42 GMT
... As a holder of #67 do I have any say in having a £460k charge placed ahead of me? Doesn't look like it because the new loan launches on Weds... Borrower Sector: Leisure & Entertainment Amount: £470,000. Term: 48 months (12 months minimum term). Rate: 13% - Interest and Capital. Security: First Ranking Legal Charge over Property & Company Debenture. Instant Returns: Enabled. Loan Launch: 11am – 21st August 2019 (READ ONLY). Loan Live: 2pm – 21st August 2019. Had email but can't find any information on the platform on the new loan? Also 67 doesn't seem to be updated with the latest information? Not really able to find any of the above, am I just blind?
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stevio
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Post by stevio on Aug 9, 2019 9:18:31 GMT
ablrate My queries are: - Would anything happen with the unpaid interest so far on these loans, would that also be capitalised? - The new loan will be paid quarterly, but the 67 and 68 will pay back monthly? - When will the work be completed, you mention to capture the Xmas trade, so I imagine in the first quarter?
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stevio
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Post by stevio on Aug 7, 2019 11:30:07 GMT
With previous Beaufort Securities and now SVS failing, is anyone re-evaluating their platforms?
If so, is there anything anybody would like to share about their platform for or against it's level of stability?
What factors are worth considering and where would you find that information?
How does SVS and Beaufort Securities size compare to other more well known and not quite so well known platforms (Eg. H&L, Interactive Investor, iWeb, X-O, Interactive Brokers)?
Would Brexit likely have an effect on any of the platforms or are they internationally based that it wouldn't be an issue?
Should you keep all investments with one platform below the FSCS £85k limit or if you have more, should you consider splitting between platforms in £85k chunks?
What would the likely outcome be if your platform was to fail?
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stevio
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Post by stevio on Jul 13, 2019 6:58:03 GMT
I'm selling off a small holding in these this morning if anyone wants them - no other reason than needing the money elsewhere, I am happy with the loans themselves still
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stevio
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Post by stevio on Jul 12, 2019 7:51:24 GMT
I note this thread is about 6 separate loans, I understand they are to a related borrower, but it is really difficult with all the requests for updates and general chat to 1) see updates 2) identify which of the 6 loans the update relates too Some people are in just some or 1 or 2 of the loans. Discerning an update is difficult How would people feel about a separate thread per loan? The rationale being updates on your specific loans would be easier to see and track, you wouldn't have to wade through pages to see what is happening It may stop the constant questioning for ablrate if it were easier to see if any updates occurred Each loan seems to be at a different stage now, rather than all 6 being sell-able on the SM, interest brought uptodate, new terms agreed etc
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stevio
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Post by stevio on Jul 4, 2019 11:11:25 GMT
Does anyone know if there is a timeframe for when UK investors will be able to resume lending? Or have an alternative platform that isn't a total gamble? I can only think of Twino and perhaps the EUR version of Wisealpha that are reasonably well thought of. Not that I know of, been meaning to phone Mintos but not had the time, maybe someone could and report back
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stevio
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Post by stevio on Jul 2, 2019 12:14:22 GMT
I note you said you are withdrawing everyday. Having never withdrawn from Mintos I don’t know what happens with the currency exchange, ie whether there is a minimum charge or a straight percentage, and I have just 250 Euro uninvested. Do you find it worth withdrawing amounts this small? If you are able to let me know how the transfer costs are calculated that would be much appreciated. I am withdrawing Euros to a Transferwise Euro bank account with a Germen Iban No. then can convert to pounds and send to a UK bank for a reasonable cost, so I don't know how Mintos deals with sterling withdrawals. When I opened the Transferwise bank account I made a small deposit to Mintos which means I can withdraw to that account or my French bank account. Revolut is effectively no cost in exchange, but 5k limit per month
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stevio
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Post by stevio on Jun 30, 2019 11:04:09 GMT
Question for other forumites: I would like to keep a lot of investments in Euros as I fear for the future of the pound and I need a currency hedge. What is the next best option after Mintos in people's experience? I am currently investing with Swaper Iuvo and Peerberry but have had to withdraw funds from Swaper for lack of reinvestment. I have also been with Robocash Twino Bondora Dofinance and Omaraha but have run those down for various reasons, often for lack of available loans at decent interest rates. Mintos was my favourite but I told them I moved to the UK so no longer available for me. Having been with Mintos since they began an explanation would have been appreciated but now I am withdrawing every day. May I ask why you are withdrawing now from Mintos? Do you not want to wait to see what might be proposed? There really has been no explanation for this sudden block to UK investors
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stevio
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Post by stevio on Jun 23, 2019 14:49:29 GMT
For those who are interested in regular savers. Virgin is regularly releasing new issues. It is worth checking at the end of each month. I wasn't really on the ball with this. I had issue 12 (matures next month) then noticed that there is issue 16, went to the branch to open it and had an informal advice to check Virgin website monthly as they are releasing new issues from time to time but they don't send any notifications to existing customers. So I've checked at he end of May and now also have issue 17. It's 3% and the usual £250 per month allowance. The downside is that you have to go to the branch to open it (ancient building society style with pass book). Works for me as I live only 2 miles away from Virgin branch, but no good for those who hasn't. A couple of years ago I had five of the (online) Virgin regular savers on the go at once, new issues would appear every two months or so IIRC. It's worth pointing out that those with a Club Lloyds monthly saver @ 2.5% can also open a monthly saver @ 2%, every little helps. Also Halifax and BOS under Lloyds Banking Group also allow 1x 2%RS each BOS have Vantage 1.5%, but requires 2xDD, so can get that with Marcus (or the like) without DDs TSB 2% RS The Virgin RSs seem to only be open in branch (which is not convenient unless nearby). But noted that it seems you can have several ongoing with each issue Lloyds Club allow two accounts, if one is in joint names, with 2xDDs (which is a bit of a faff, any easy DD now after Tesco?), which allows the free 6x cinema tickets per year Yorkshire Building Society has 2.5% RS, but annoyingly only postal application Any others worthwhile (without DDs, unless someone has a good solution for these)?
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stevio
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Post by stevio on Jun 19, 2019 20:49:47 GMT
If not them, what other bank accounts are you both using to place cash at the highest rates? Just the usual MSE source: www.moneysavingexpert.com/savings/savings-accounts-best-interest/#fixedsavingsHappy to go direct with any of the challenger banks that appear at the top, usually for 1-year/2-year fixes at about 2-2.3%. Edit: obvs these are savings accounts rather than bank accounts. With the downgrading of Tesco the other day, i think there are hardly any high-rate bank accounts left Yeah I'm doing every RS I can find, but still only around 2% average
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stevio
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Post by stevio on Jun 19, 2019 19:11:13 GMT
I guess I wasn't alone in taking advantage of this offer just over a year ago. I invested £1k in a 1 year fixed term at 2.00% to gain the £50 cashback. Anyway, the anniversary of my deposit was on 12th June but the fixed term only began on 15th yet it matured on 17th and I've just been told it can take up to 4 business days to hit my Raisin account, i.e. 21st June. Assuming the transfer back to my current account is done by faster payments my cash will have been earning no interest for 9 days in this age of digital banking and faster payments. If the transfer is done by BACS then that 9 days will probably turn into 13/14 days! They won't be seeing anymore of my cash, unless there's more cashback Yep same here. I complained about it and they came back with a rather petulant (almost literal) " ..and we won't be changing our position". They did however acknowledge eventually that just perhaps they should be explaining more clearly that in their special 'totally fine' case a maturity date is not really a maturity date, rather than burying the information in their T's and C's. ..and yes, I totally agree, they won't be seeing more of my cash either. I still also have doubts as to potential difficulties with FSCS because of all the intermediation in the event of real problems. If not them, what other bank accounts are you both using to place cash at the highest rates?
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stevio
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Post by stevio on Jun 17, 2019 16:10:43 GMT
Opinions on these still? Sell or hold?
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stevio
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Post by stevio on Jun 17, 2019 16:07:34 GMT
I take all the HL 50+ the Fidelity 150 and the ii "special groupings". I spent a good bit of time to study their selection and then tracked their success rates against my own fund selection. I find that they tend to have a low cost to investor figures as the portal has negotiated a good deal with them and that is about the only positive thing that can be said. Using their selected group appears to behave as "nothing special" and are very similar to any other randomly selected group of funds. Woodford.....hmmmm
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