littleoldlady
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Post by littleoldlady on Aug 31, 2019 21:22:08 GMT
All working well plenty of action on the secondary market A lot more sellers than buyers, and buyers want a large discount.
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littleoldlady
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General P2x Discussion
Propio.com
Aug 28, 2019 18:34:28 GMT
Post by littleoldlady on Aug 28, 2019 18:34:28 GMT
They have taken the site down and stopped taking new investments. What's going on?
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littleoldlady
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Post by littleoldlady on Aug 23, 2019 7:06:17 GMT
P*********m have now taken down the offending item, but it is still available by other routes. It is almost impossible to completely erase something once uploaded.
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littleoldlady
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Post by littleoldlady on Aug 20, 2019 17:12:07 GMT
There is nothing to report as yet ... As soon as we have something to report we will update lenders.
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littleoldlady
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Post by littleoldlady on Aug 18, 2019 7:50:51 GMT
IMO he paints an over rosy view of commercial property. The value of these depends very largely on the rental stream from long term leases. But many leases have break clauses and many leaseholders go bust. Just look at the high street of your local town. How many charity shops? Each of these represents a building where a lease was terminated one way or another. Banks are closing branches as and when leases end or come to a break point. The future of retail is bleak.
Completed, preferably occupied, residential is the safest IMO although some loss is possible.
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littleoldlady
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Post by littleoldlady on Aug 17, 2019 22:14:25 GMT
Don't forget that PB prizes are tax free, so the 1.2% that 99+% of holders with a reasonable holding will get over a reasonable period of time equates to 1.5% or 2% or 2.18% or 4% depending on your tax rate and so beats any other government or FSCS backed investment held outside an ISA.
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littleoldlady
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Post by littleoldlady on Aug 16, 2019 18:57:27 GMT
Capitalised interest just credited to accounts for loans 97/104/105 And something that I don't understand on #85. 3 lots of interest and 3 capital repayments amounting to about 4%.
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littleoldlady
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Post by littleoldlady on Aug 16, 2019 8:51:15 GMT
I received an unsolicited email from them, so some other platform has leaked my details.
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littleoldlady
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Post by littleoldlady on Aug 15, 2019 15:37:51 GMT
Looked like all of tranche A was eaten by auto-invest. In that case I'm glad I turned it off. I would want no part of this loan myself. Best of luck to those with more courage than me.
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littleoldlady
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Post by littleoldlady on Aug 13, 2019 15:40:26 GMT
When will trading resume on the SM? What discount rate will be needed to tempt any buyers?
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littleoldlady
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Post by littleoldlady on Aug 13, 2019 15:37:59 GMT
I am no financial genius but I just don't understand negative yields. If a Bond will pay back less that it costs, why would anyone buy it? Surely straight cash is a better and just as safe option? My understanding is that in reality it probably wouldn't be applied to retail investors. However, institutions with hundreds of millions of Euros cannot easily just withdraw cash and stuff it under the bed, so may actually have to accept negative rates to keep their cash safe esp. in German bonds. What we meagre retail investors have seen though is ongoing cuts to any form of bonus interest rates (remember the glory days of Santander 1,2,3 allowing £20k at 3% p.a? Sigh). If the trend continues, we could see small account fees for holding a current account perhaps. Although the competition is such that I struggle to see that happening at the moment. Or is it just banks who are forced to hold reserves with the central bank (at negative interest)?
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littleoldlady
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Post by littleoldlady on Aug 13, 2019 15:35:24 GMT
Is the buyer (effectively) the borrower? In other words have we been shafted again?
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Post by littleoldlady on Aug 13, 2019 11:29:46 GMT
13.8 update:
We should by now have received the July payment but it has not yet been received. Our solicitor is chasing the buyer's solicitor for the funds. As soon as they are received they will be paid to all investors and the loan updated.
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littleoldlady
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Post by littleoldlady on Aug 13, 2019 7:24:48 GMT
Interesting article - I see that lenders in ordinary accounts are prioritised to get their money lent first. I wondered why my latest ISA transfer has been sat there for several days. Yet at the same time they are offering investment and referral bonuses. Are you relying on autolend? See 4 posts up. Otherwise I don't understand what you mean by "sat there". You don't see anything more for an ISA investment unlike the Classic a/c.
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Loanpad (LP)
Loanpad
Aug 13, 2019 6:55:01 GMT
Post by littleoldlady on Aug 13, 2019 6:55:01 GMT
My impressions are: Mainly or exclusively residential We seem to be taking part of an existing loan already made by a LP partner, at a lower rate of interest but with senior status. The senior lender is effectively gearing up his operation by increasing his liquidity. The risk he runs is that in the event of a partial return me may take the full amount of the loss. This gives me confidence that he will not take any risks with his lending
Example:senior lender has 100 capital which he can lend at 8% making 8 profit. He hives off 40 to LP at 4% and lends that 40 at 8% making 3.2 profit, less 1.6 to LP so a total of 9.6, ie a 20% uplift. However anything less than a full repayment will soon wipe out that gain. Assuming that the partners are competent this would seem to be one of the safest platforms for p2p lenders, if not very exciting.
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