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Post by spareafewcoppersguv on Mar 1, 2016 10:29:39 GMT
Dare we bring this back on topic please!SS hinted in the update of several loans this week. If we are to remain to have two days notice (and do please stick to this) then that means no new activity until at least Thursday. Can we have realistic updates from now on. Thanks LW They have already replied somewhere a few days ago that they can't promise to give 48 hours notice and the reasons. If you search for SS recent posts you should find it...
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Post by spareafewcoppersguv on Feb 29, 2016 15:52:23 GMT
If you are concerned and are looking for a response from the "horses mouth", it's probably best to email them. You can always then post any response here for all to see....
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Post by spareafewcoppersguv on Feb 28, 2016 8:20:41 GMT
Now there's only the same old same old overdue stuff there, but quite a choice in those. Think I'll pass...
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Post by spareafewcoppersguv on Feb 26, 2016 13:32:26 GMT
Thanks for your responses guys. All is clear then. It's pretty much an arbitrary random process!
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Post by spareafewcoppersguv on Feb 26, 2016 11:49:09 GMT
Can someone explain the basis for the rates on short term secured property loans? Some A rated loans get 10% on a 12 month interest only loan, some only get 8%. Anyone know why? Thanks...
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Post by spareafewcoppersguv on Feb 26, 2016 11:37:36 GMT
I'm another who doesn't want the current system changed!!!!
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Post by spareafewcoppersguv on Feb 25, 2016 15:19:14 GMT
The new updates state that the Hackney loans (which still have theoretical 217 days to run) are in legals for re-finance. Does this mean we are going to be taken out early???
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Post by spareafewcoppersguv on Feb 24, 2016 17:03:02 GMT
And PBL061 has now been fully purchased. There's still some big money out there... £155k in one bite!!And the same buyer snapped up £54k in PBL057.....
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Post by spareafewcoppersguv on Feb 24, 2016 17:00:14 GMT
There is an article in todays i newspaper (30 second briefing page 38) about the need for more student accom in the UK. The article supports the need for this type of development - whilst of course not validating the fundamentals of any specific project - and as a number of SS loans are for this very thing, I was pleased to read it!
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Post by spareafewcoppersguv on Feb 24, 2016 13:01:11 GMT
On this topic I would vote to leave things as they are!
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Post by spareafewcoppersguv on Feb 24, 2016 9:40:01 GMT
It won't last (SM liquidity) unless more new loans launch soon. In a weeks time there will be £700k of interest payments looking for a home...
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Post by spareafewcoppersguv on Feb 23, 2016 22:37:56 GMT
My God... it's started. The masses have stopped moaning about the SM, and now we're going to start moaning about how there is too much on the pre-funding......... First & foremost, as mentioned, it is unlikely that all these loans are going to develop into live loans. There is also £6,661,500 live that is due to be repaid (some may be renewed, but we can't be sure...) I think it would be nieve to think that the 2500 investors (that's how many users I think there roughly is, and I'm sticking with it!) have no money left to invest. We know that they do simply from the liquidity of the SM, and the PM being at least 2x oversubscribed. Furthermore, there are other investors that I'm sure would have 'held back' from investing due to the difficulty putting thier money into the SS platform; some less liquidity on the SM (which would happen if all these loans go live) a good cashback offer from SS on the largest of the PM loans, and 100% allocation on the PM would attract the masses. Perhaps I see it differently from you. As an investment where I want to know my "fund manager" has a correct investment strategy. In that they are not just trying to cram in a load of loans to get their commission but maintain quality over quantity. £56m is a huge amount where the average was only recently £5-10m in the pipeline. The current total loan book is circa £70m. PBL 82 was £845,000, everyone got £730 so 1160 investors in at first. 1160 investors who could be bothered to prefund I would consider more as an "active investor". Oh and lots of these big hitters who invested £730 have already sold their loan parts through out the day. Perhaps they would would like to have £730 in a £5m loan instead as it is just not "cool" to be in smaller loans? There is money left to come from investors but not £56M, much less. I would prefer about 10mil a month to keep the flow steady and allow loans to be paid back. However much of the pipeline comes through to fruition, it ain't going to be all at once. It could well be in the order of £10M per month for all any of us know. I'm cool with the way things are looking. I'm sure many potential deals don't pass the SS DD and am pleased they have an increasingly healthy pipeline of potential loans going through their DD process.
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Post by spareafewcoppersguv on Feb 23, 2016 21:17:36 GMT
Looking at the rapid increase in the average size of prospective loans, unless something changes it looks like the era of the sub-£1M loan bottom up equal shares for all days are all but done..... I think this is something that SS will have to look at. It does seem that their intention is to aim for these larger loans, and most members have expressed they would like a change in the PM allocation. I think it would be fair if SS allocated equal amount up to £1,000,000 on all value loans, and after £1,000,000 SS provide a % of your allocation. Add into this a system to deter gaming, and the PM would be pretty sound. That would do it for me!
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Post by spareafewcoppersguv on Feb 23, 2016 20:59:06 GMT
Looking at the rapid increase in the average size of prospective loans, unless something changes it looks like the era of the sub-£1M loan bottom up equal shares for all days are all but done.....
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Post by spareafewcoppersguv on Feb 23, 2016 18:46:30 GMT
So, the pipeline now has loans worth £56,000,000. Most loans seem to have around 1600 investors. Lets say that grows to 1750 - 2000. That equates to £28,000 - £32,000 additional investment each!!! Obviously that's an average, and some BHs may well have considerably more ££££s available, but even so, it seems a stretch.....
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