ben
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Post by ben on Oct 7, 2017 12:50:44 GMT
Not a loan I invested in but I would not be overly concerned, loans over run fairly often, the main issue is how they are dealt with and if the borrower carries on paying interest. On a properly valuated property an over run is not a great issue. Yes thanks you are correct. It comes after several unsavoury defaults at ThinCats and MS. I don't bother with TC but to be fair to the MT on the recent defaults it is unclear how much they actually knew Obviously not looked into every loan on LI but on all the ones I have looked into the borrowers have been average people, rather then the Lendy/FS models of standing outside the prison gates waving loan application forms.
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ben
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Post by ben on Oct 6, 2017 17:22:48 GMT
if updating the website a pipeline would be nice so we can see what may be coming
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ben
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Post by ben on Oct 5, 2017 18:08:13 GMT
The point of the newspaper article seemed to be that some designs of student developments were not liked by students. They decide where they will live, not the planners. Purchasers of these 'investment properties' may take note also. I believe the large student flats loan currently on COL is of a 'favoured' design. Bit of a pointless article, the person interviewed was hardly going to give an independent opinion he was obviously going to say it is rubbish as it could hurt his business.
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ben
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Post by ben on Oct 4, 2017 20:43:39 GMT
So its safe to assume the 1st Development loans are as good as covered and will be repaid and are totally separate to these? I Would not assume the 1st part, though indicators are looking good that it will repay but it has already over run and the borrower has issues with minor details like if the roof is complete or not. Probably will repay but certain. It is a completely separate site. I have no idea what the demand for student accommodation is in Plymouth so have to hope that the current development has not filled the need but is probably unlikely to have done.
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ben
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Post by ben on Oct 2, 2017 18:41:17 GMT
Early warning given of two loans last week so popped some cash across. Missed both of them. Any chance of restrictions in future for a few hours? Hi daveb4. Sorry to hear that you missed out. We have few more loans potentially going live shortly, some of them bigger than the last two so will take longer to fill - details to follow in the next few days. Regards, Think a limit of a £1000 for first few hours will be good to good everyone time to have a look and get money across.
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ben
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Post by ben on Oct 2, 2017 15:56:32 GMT
That went quicker then I thought it would.
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ben
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Post by ben on Oct 2, 2017 12:20:58 GMT
If it was not a second charge I would have invested quite happily. I can only think with the risk band being C the borrowers have pretty poor credit history.
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ben
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Post by ben on Oct 2, 2017 8:07:55 GMT
FS does if you are willing to sell at a discount. As for some it works out better tax wise.
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ben
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Post by ben on Sept 30, 2017 20:20:41 GMT
Not a loan I invested in but I would not be overly concerned, loans over run fairly often, the main issue is how they are dealt with and if the borrower carries on paying interest. On a properly valuated property an over run is not a great issue.
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ben
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Post by ben on Sept 30, 2017 9:05:25 GMT
There's no reason for anybody to buy other than the best loans on offer of course. What we need here is repayment of some hefty loans. I thought we might be in line for a very big one soon, but the tone seems to have changed in the update. Oh, new update and Lendy are reassured. That's good then, probably. PBL143. I never understood why somebody would buy a 3 month old loan at par, you arr taking all the risk for half the original reward, so doubling the risk/reward ratio on an already high risk investment.
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ben
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Post by ben on Sept 28, 2017 0:49:07 GMT
I have a decent sum invested in 8 platforms and it is interesting to see this sector evolve. Over the coming months it is in for a big shake up and we can see some major changes beginning to take place. Wisealpha seems to fit somewhere between the two but traditional p2p (choosing who you invest in) is becoming less common with the reforms at FC, others may follow. I thought I would share my actual returns to date and state of affairs with each lender: Traditional p2p: Assetz - 7-8%- 5% default- however longer term loans Lendy- 10-12%- 15% default and rising Moneything- 11% - 10% default and rising Lendinvest- 5% no default Crowdfunding p2p: Ratesetter- 4.5%- default unknown Zopa- 5% and falling- default unknown FC- 5.6%- - big changes future returns uncertain Wisealpha - 4.8% averaged out - no default. My feeling is that Wisealpha has emerged as a safer proposition over time- Lack of DD, exposure to dodgy borrowers, risky business and low asset quality is exposing the sector to some obvious challenges . For this reason Wisealpha remains my favourite platform in the sector and the only one I am adding to. Loans are based on highly regulated bonds in the financial sector and the initial fruits being offered in the emerging p2p sector are clearly going to come under pressure in the coming months as rising bad loans have to be resolved. Diversification remains key Sensible diversification is the key but wise alpha have had very few bonds mature so a bit early yet. Plus defaults in themselfs do not always mean a capital loss although the Lendy ones probably will. Also if your looking for something different then the P2P loans have a look at something like Property Partner, Brick owner or one or two similar sites.
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ben
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Post by ben on Sept 27, 2017 22:45:22 GMT
PBLxxx - K****** Mains Development Site,*******, Lanark, Scotland Security Value: £6,430,000 Loan Value: £2,423,384 Loan to value: 38% Remaining Time: 180 days Annual Rate: 12% Maybe Lendy should just be honest and put Loan Value: £2,423,384 Security Value: £1,430,000
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ben
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Post by ben on Sept 27, 2017 12:24:11 GMT
As I have stated, my investment balance is not increasing over time. In fact I can't shift my remaining 250 quid so I don't think throwing another thousand at it will be very helpful. Thanks anyway for the suggestion. How much have you get set as the maximum for each loan? and are you investing in all loan types or just the one
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ben
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Post by ben on Sept 26, 2017 21:09:49 GMT
I have never understood why some investors think they have a right to invest whatever they want and if they can't the company must do something about it.
Unbolted is pretty different to the others sites on here and although it has probably my smallest investment due to being unable to invest large amounts it is probably my favorite site. The risk/reward ratio works nicely for investors and there is a decent deal flow so I can steadly increase my investments over time.
We have seen it time and again that sites have grown to meet the demands of investors and just look how well they have worked out, the only one at the moment making a decent effort of it is MT. Greed from investors and companies have caused the majority of the issues that we see in P2P.
Just throw the odd thousand at it now and again and your balance will steadily increase over time. Surely its better for a company to have less loans but less losses then trying to find borrowers for funds, as we have all seen how that works out.
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ben
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Post by ben on Sept 25, 2017 18:07:58 GMT
Looks like a good example of why a secondary markets are not always a good thing. Buying loans as they are discounted without understand the reasons why someone is selling at a discount. With the way a lot of secondary market are set up this is going to happen more and more.
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