stevio
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Post by stevio on Dec 31, 2016 12:31:11 GMT
Here's my plan, I have a credit card with 2 years of 0% on new purchases, what platforms allow me to fund my account using a credit card? I will invest my limit in a peer to peer paying it off so the balance is cleared in 2 years, I usually do it on my mortgage but this time I am going to do it in p2p providing I find a suitable platform. Thanks What mortgage allows CC payments? I would also say check statement to see if comes out as cash advance or normal payment
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stevio
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Post by stevio on Dec 30, 2016 18:35:02 GMT
ps. I think the addition of the "Earnings to date" summary is excellent. How can this be used though? It still doesn't differentiate accrued interest paid and discount/premium paid and also doesn't cover a specific period, only to date - it would be better if the secondary market history had these separated out from price paid, then a specific period could be looked at Can I also ask, my Tax Statement is only showing 1/40th of the interest that is showing in the Investment History page? Is anyone else's working this way? Why such a discrepancy?
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stevio
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Post by stevio on Dec 29, 2016 17:39:05 GMT
ablrate , what is the value of the rest of the SIPP portfolio? I'm guessing they won't tell us, but will say that there is more than enough to cover the loan (this is what they did with the last SIPP loan) As your SIPP can borrow up to 50% of the value of the SIPP to buy commercial property, I'm guessing 50% is coming from a loan from the SIPP and the other 50% from Ablrate Which would mean there is at least 50% retained within the SIPP, so 50% LTV at least Its unclear whether this is a pooled investment with the other SIPP loan/ other SIPPs/ other people The pub is likely to be quite profitable, as there would be no benefit to doing it else, as would need to cover the costs of buying, loan interest, SIPP admin etc
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stevio
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Post by stevio on Dec 27, 2016 17:35:16 GMT
We all have different factors and their level of importance. Wondering what others feel important and not so important?
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stevio
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Post by stevio on Dec 23, 2016 8:55:00 GMT
If its not obvious, then its a bit rubbish, I can still not find it, now only by following above link Also SM used to allow you to link to loan to read details and also displayed how much you have invested - fundingsecure thank you for making things TEN TIMES HARDER to use your website !!!!!!!!!!!!
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stevio
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Post by stevio on Dec 23, 2016 8:49:50 GMT
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stevio
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Post by stevio on Dec 15, 2016 22:22:48 GMT
FS newsletters give the weekly SM volumes; latest one is here: p2pindependentforum.com/post/156864Personally I wouldn't treat FS as a short term play. You should probably be able to find a buyer but you may find you have to discount your holding by more than you'd want in order to sell. Is it possible to work out what % of active loans are sold to get a ballpark idea of what proportion are selling?
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stevio
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Post by stevio on Dec 15, 2016 22:17:49 GMT
I've only ever not managed to sell a sum total of two loans, everything else i've had has sold at a figure favourable to me Whats your secret?
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stevio
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MoneyThing (MT) in Administration
MTAI 582/3
Dec 13, 2016 22:09:43 GMT
via mobile
Post by stevio on Dec 13, 2016 22:09:43 GMT
Acknowledged. I appreciate that this has gone on far too long (and I have probably run out of any further language to be able to legitimately extend this any further anyway). Thank you for your patience, both myself & the borrower are both frustrated & embarrassed that is has gone on this long and I hope that the 18% interest has gone some way to alleviate this. I am absolutely confident that the refinance is about to happen and although the latest is that it will be within 72hrs, I wouldn't expect lenders to believe this after all this time. As such, if the loan is not refinanced by close of business on Friday (16th), MoneyThing will commit to repay lenders back on the 17th and we will hold the loan until it repays in order to give lenders some certainty. Kind regards, Ed My worry would be that if for any reason it drags on even longer than expected, if MoneyThing were to buy back the loans, this might tie up MT's float, and put a crimp in floating new loans. A possible compromise would be to commit to buy any parts present on the secondary market a particular time of day (and hold them on a first loss basis?) (Buying at a fixed time, rather than continuously, allows other people to pick up parts on the SM, and reduces the pressure on MT's float.) In this case I'd also prefer to see an update explaining why the continuing delays are occurring, to give me data on which to base a decision to sell or hold. But I recognise that commercial confidentiality might preclude this. Ditto.......in fact couldn't put any better
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stevio
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Ablrate (ABL) in Administration
Lease company
Dec 13, 2016 20:07:33 GMT
Post by stevio on Dec 13, 2016 20:07:33 GMT
ablrate - Few questions: - I presume the leases would be in the name of the SPV? - What happens if the lease defaults? (ie would they be replaced) - What happens if the SPV defaults? (ie would there be step in rights for Ablrate on the leases) - Should the leases need to be taken over, would they be seen to term as the main income from the leases appear to come at the end of term, if not, what value do the leases have if NOT kept till term? ablrate its a shame that loan queries don't seem to get responses anymore or take weeks for a reply........
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stevio
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Post by stevio on Dec 10, 2016 5:23:59 GMT
MoneyThing will all tranches rank equally and is the plan to eventually release the full 2.4m? The LTV is obviously going to decrease, if this is the case, over time and later tranches are going to be much harder to fill and some people will exit as more as lent and the risk increases. Maybe a higher rate or CB is needed for later tranches?
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stevio
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Post by stevio on Dec 6, 2016 11:40:35 GMT
ablrate could there be a pipeline section to your website please - this would not only give people chance to move money, but also opportunity to ask questions prior to launch (there seems to be slow down in responses from you, so small loans are virtually filled before any queries can be clarified)
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stevio
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Ablrate (ABL) in Administration
Tax 2015/2016
Dec 6, 2016 11:36:38 GMT
Post by stevio on Dec 6, 2016 11:36:38 GMT
I believe it's simply the interest earned whilst you owned the loans. Any accrued interest that you pay a seller for is netted off that loan's next scheduled payment of interest, so you're credited with just the period you own it. Thanks SteveT, that is helpful and you may be right. However, my point is that it needs an on-site authoritative statement of what it is from Ablrate before we can know if it is appropriate for our individual tax returns. My view is that number should be the interest received in the last 12 months and chargeable to income tax. Else what is the point of the 12 month figure? Of course there is the problem that you have to capture it at the right time, and clearly a facility to enter start and finish dates to provide a calculation for any period would be a better part of a proper report. For myself, a simple income tax payer, I have used the last 12 months figure for 2015-16, done and dusted, and I will have to make any corrections if I need to. But that will only happen if Ablrate report a different number to HMRC. Life's too short to be going through emails and creating spreadsheets.
Good luck then should you get inspected by HMRC.....
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stevio
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Post by stevio on Dec 5, 2016 17:19:32 GMT
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stevio
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Post by stevio on Dec 5, 2016 17:14:42 GMT
Well that was worthwhile..................
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