ben
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Post by ben on May 12, 2016 17:40:31 GMT
At the moment all the loans on MT are prefunded by either MT or there partners, so when they go on the system they are live, you get interest from the day you invest. The 120K still waiting to be funded on the 3 tranches has already been lent by MT
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ben
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Post by ben on May 12, 2016 13:28:03 GMT
I do not class PM/PP as the same as the p2p. I look at it a bit more long term so look more at the rental yield rather then then amount of value they state it might increase by. I used to have a BTL and find this far easier with PM I am avereging at about 5% at moment, that includes one of two that have just be acquired so should go up to about 6% in next month or two which to me is probably more then would get in a BTL. With PP I am only avering around 3.5% so a lot less.
I now have a lot less in PP/PM then I had when had a BTL so will be looking to incresae that over time. Unless PP/PM are pretty poor landlords I expect to do better then would do with a BTL as a lot of the rental yields are higher then they would be in my area to.
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ben
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Post by ben on May 12, 2016 13:04:57 GMT
I think if MT want the decks clearing they are going to have to it been a few weeks now and no real take up of it lately, at least they should only have to offer cashback n the last few tranches
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ben
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Post by ben on May 12, 2016 13:02:50 GMT
if that your biggest issue that interest is sometimes paid a few days then its not to bad a site, might be more of a problem if was not paid but as of yet has not been what actual difference has it made to you?
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ben
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Ablrate (ABL) in Administration
Pubs
May 11, 2016 20:03:48 GMT
Post by ben on May 11, 2016 20:03:48 GMT
ablrate ablrateandy Is the ATR72-200 on course to repay tomorrow?t Some investors may be holding off on the new loan as 200k is due back and can be recycled guess a lot of people did not know this was coming either so if out or whatever not able to bid yet either
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ben
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Ablrate (ABL) in Administration
Pubs
May 11, 2016 19:53:35 GMT
Post by ben on May 11, 2016 19:53:35 GMT
Well I suppose all is fair in love & P2P but for the record ablrate appear to have nicked this loan from MT A trifle disappointing that they appear unable to deliver on their own unique USP ie planes/capital equipment, have joined the general stampede into property and that Ed's hard work in securing new partners seems to be in vain this case. Is this the first case of P2P gazundering? Not that it will stop me investing of course It's good to have the diversity over platforms, I certainly have a lot less Albrate loans vs MT due to the lack of diversity on Ablrate this is actually my first Albrate loan took me about 7 months to add passport information not that I am lazy or anything
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ben
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Ablrate (ABL) in Administration
Pubs
May 11, 2016 19:45:54 GMT
Post by ben on May 11, 2016 19:45:54 GMT
it will note it might not be on your balance sheet if you look at pending transactions it is usally there
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ben
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Ablrate (ABL) in Administration
Pubs
May 11, 2016 19:36:11 GMT
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Post by ben on May 11, 2016 19:36:11 GMT
Debit card is instant - you don't send it - ABL pull it from your bank Debit card authroises payment so it goes automatically unless the card gets declined you can't not send it once you have put the details in unless you try to cancel it throught he bank afterwards
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ben
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Ablrate (ABL) in Administration
Pubs
May 11, 2016 19:31:33 GMT
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Post by ben on May 11, 2016 19:31:33 GMT
if i send cash by debit card how long does it usually take to appear in my account, this would be my first loan on ablrate debit card should be instant
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ben
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Ablrate (ABL) in Administration
Pubs
May 11, 2016 19:17:41 GMT
Post by ben on May 11, 2016 19:17:41 GMT
Same had about 20 mins notification so far but still no details, guessing it is the same as the other one and that sounded ok so will look at documents and see
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ben
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Ablrate (ABL) in Administration
Pubs
May 11, 2016 19:06:48 GMT
Post by ben on May 11, 2016 19:06:48 GMT
Looks like the loan on the pipeline has apperead here hopefully the documents but up soon rather strange time for launch but anyway, althoug I am sure plenty of money floating around at moment
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ben
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Post by ben on May 11, 2016 18:11:21 GMT
Some loans have renewed ie they borrorower has paid another 6 months interest or whatever then in those cases the loans would not be a default , I am not quite sure which ones have paid extra interest and which ones have not as some say and others do not
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ben
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Post by ben on May 11, 2016 18:02:39 GMT
I don't seem to be able to sell the small amount I put into these (the longest one) so guess it hadn't been fully funded yet no only the first two tranches have fully sold then last 3 still need funding although I would have thought the longest one would have been most popular as if it was going to faill it will most likely be before the 1st one pays back anyway and if the 1st one pays back and it defaults afterwards the security would be better
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ben
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The House Crowd in Administration
Opinions
May 11, 2016 16:02:59 GMT
Post by ben on May 11, 2016 16:02:59 GMT
There's a new BTL out now it seems. Thing to watch out for tho is that THC's headline figures are gross whereas PMs are net, and it can make a big difference (eg this new one is headlining as 9.5% gross, but when you download all the docs that's based on the property price not full costs, and by the time everything else is accounted for they're only predicting 5.7% net) which is one of the reasons I'm not so keen on them. I think I may skip that one two although might dangle my toe into one of the loans one and see how that goes
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ben
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Post by ben on May 11, 2016 16:01:51 GMT
I think three of the five tranches got fully funded - at the time of writing a fourth tranche has about £100 available on the SM. As I mentioned before I think this loan was, to be glib, a bit of a turkey, delivering neither the short-term period or 12% return MT investors are accustomed to, and being of a dubious valuation to boot. At the moment I imagine people are waiting to jump on board the two 12% loans going live at 4pm tomorrow. (I won't be missing these ones!) 3 of the 5 tranches still to fund aobut £120,000 in total. With the tommorow ones I think I have enough cars and already have plenty in the other tranches, that being said I have some funds from a certain SS loan that needs a new home
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