littleoldlady
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Post by littleoldlady on Apr 13, 2024 11:26:18 GMT
I have not made any new investments in CP for years and have a rump portfolio, all years overdue, but when I used to they did a video presentation for each loan. Do they still do that? I recently replayed one in a masochistic moment and after all the optimistic bull***t he said words to the effect "The next step is for you to do your own due diligence". However the absence of transparency makes that imposible. If I had known then what CP knew then and have subsequently revealed I would not have invested. If they still do these videos do they still include that?
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littleoldlady
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Post by littleoldlady on Apr 13, 2024 11:14:50 GMT
AIUI in the LP model the lending partner effectively turns part of an existing loan into a mezzanine loan, offering the senior part to p2p lenders. So defaults that repay in full to LP lenders do not neccessarily mean that nobody has lost money - the lending partner may have. It is not obvious how this might affect LP lenders in the medium term but it is perhaps something to bear in mind. Things that work well in good times are often proved fallible when there's a crash.
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littleoldlady
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Post by littleoldlady on Apr 13, 2024 10:59:09 GMT
IMO p2p has now settled into a faily [Edit: Freudian slip, I meant fairly but you might say faulty] linear risk/reward picture with the platforms with the lowest risk eg Loanpad only a smidgen above FSCS levels then options at higher rates with corresponding higher risks. This clarity was not there in the early "wild west" days of p2p. So the choice of platform is dependant on your attitude to risk which in turn is dependant mainly on your age, career status and the degree to which you could afford to lose. Each to their own and beware of taking advice from others whose factors may be different to yours.
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littleoldlady
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Post by littleoldlady on Apr 12, 2024 20:17:52 GMT
Is there a p2p platform offering these? On the face of it they are solid collateral and banks charge 1.5% per month and upwards so an obvious opportunity for p2p.
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littleoldlady
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Post by littleoldlady on Apr 10, 2024 22:31:55 GMT
Eventually you can see all 372 running loans. All mine are at 360+ several years overdue.
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littleoldlady
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Post by littleoldlady on Apr 8, 2024 9:08:07 GMT
Thanks ilmoro Do you have a portfolio total performance figure that you could share?
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littleoldlady
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Post by littleoldlady on Apr 7, 2024 16:28:35 GMT
These units were supposed to be finished many months ago. I can't see any up for sale. i hope they haven't been left to deteriorate.
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littleoldlady
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Post by littleoldlady on Apr 7, 2024 10:54:55 GMT
Well having read the latest Admins report I think I can safely write this one off one line from them did make me laugh …they will continue to progress the sale ….theyve made f*** all progress over two years from what I can see. 🤦♂️ Where did you read that? The last update I can see was last November.
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littleoldlady
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Post by littleoldlady on Apr 5, 2024 15:06:46 GMT
Do primary lenders get their interest before mezzanine lenders get their capital? Usually yes, but will depend on Deed of Priority which can cap the amount due to first charge lender (or intercreditor deed) Thanks. I guess that " The Senior Loan ranks above the Mezzanine Loan in all respects." is bad news. The loan in question is years overdue and the senior lender will have accrued a huge amount of interest, probably taking all the proceeds from the sale.
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littleoldlady
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Post by littleoldlady on Apr 4, 2024 19:50:53 GMT
Do primary lenders get their interest before mezzanine lenders get their capital?
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littleoldlady
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Post by littleoldlady on Mar 22, 2024 20:27:09 GMT
I wouldn't write off any CP loans for tax purposes until the platform declared them, If you live that long
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littleoldlady
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Post by littleoldlady on Mar 21, 2024 8:45:37 GMT
A partial redemption. I make it about 40%. You got some money off PC….Wow! just to be accurate, I have not actually got the cash yet, it is sitting in my account ready for withdrawal. As it's in an ISA I am undecided whether to withdraw it out of tax shelter or to attempt an ISA transfer. It's not a huge amount but big enough to be worth kept in ISA form but are PC's admin up to the task? Edit: Decided to withdraw rather than risk an ISA transfer.
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littleoldlady
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Post by littleoldlady on Mar 19, 2024 21:40:17 GMT
A partial redemption. I make it about 40%.
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littleoldlady
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Post by littleoldlady on Mar 1, 2024 8:26:55 GMT
😅 I only maxed out £15 reward on February, but barely earning more £7 per month in rest of the promotion year. Mostly spending on postages. Wow that must be a lot of parcels.
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littleoldlady
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Post by littleoldlady on Mar 1, 2024 8:22:33 GMT
Much improved and often avaiability on SM.
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