noh
Posts: 34
Likes: 15
|
Post by noh on Jun 16, 2016 17:26:47 GMT
It now says that it is drawn down.
|
|
noh
Posts: 34
Likes: 15
|
Lendy (L) in Administration
Interest
May 2, 2016 9:09:57 GMT
via mobile
Post by noh on May 2, 2016 9:09:57 GMT
Just had the withdrawal of my interest, that I requested earlier today, paid into my bank account. So it looks like they are at work today.
|
|
noh
Posts: 34
Likes: 15
|
Lendy (L) in Administration
Pipeline Loans
Apr 21, 2016 13:31:19 GMT
via mobile
Post by noh on Apr 21, 2016 13:31:19 GMT
I wonder why PBL087 paid back but not PBL088. I thought the two came as a package. For those who were repaid, was any reason given? No email yet. PBL 87 was not drawndown but 88 was. So for some reasonthe borrowers have decided to not go ahead with the loan.
|
|
noh
Posts: 34
Likes: 15
|
Post by noh on Feb 27, 2016 22:11:24 GMT
Just a thought; does that mean I'm ethical because I want to live in ethics???
I already do so I must be!
|
|
noh
Posts: 34
Likes: 15
|
Post by noh on Feb 27, 2016 21:36:04 GMT
It's the county just south of Suffolk. There is a TV program that explains it all
|
|
noh
Posts: 34
Likes: 15
|
Post by noh on Feb 19, 2016 23:28:40 GMT
As long as you are aware that in going this you have just broken the law. I've signed the dog up Has your dog got a Monaco bank account?
|
|
noh
Posts: 34
Likes: 15
|
Post by noh on Feb 19, 2016 23:12:32 GMT
I think 6461 is the current number of registered investors ie the number of open accounts. This page has a graph of registered investors against time. The T+Cs state that accounts may be terminated by Saving Stream if there has been no activity in a 12 month period. If that condition has been enforced then the 6461 doesn't include too many dormant accounts.
|
|
noh
Posts: 34
Likes: 15
|
Post by noh on Feb 8, 2016 0:01:39 GMT
OK, I get that they are bridging loans, but I've just looked at one in the pipeline, for development of farmland, where the "Exit Strategy" is as follows; Gain planning; development finance; sale
Why would you invest in a loan with such a complex exit strategy when one can earn identical rates on a straightforward bridging loan for the purchase of a residential property, where the exit strategy is clear and straightforward? In the case of Bookham, the exit strategy is not that clear. We don't know why the borrower needs a bridging loan (I thought that residential mortgages at this sort of LTV were easy to get), so we can't estimate the likelihood of them obtaining a mortgage in the next 6 months. (A typical residential bridging loan is for a purchase and refurb, followed by resale, or refinance onto a BTL mortgage at a much lower rate. Another reason is to finance a purchase with the intent of selling ones current residence to repay the loan. Neither seems to be the case here, so I don't understand what's going on.) Also, I dug around Zoopla this afternoon, and I'm not convinced by the valuation - Great Bookham house prices are high, with many 3 bedroom houses more expensive than this, but this street seems to be the cheaper bit of Great Bookham, even if one house did sell for £410,000. For Biggleswade, the following might be useful reading www.centralbedfordshire.gov.uk/Images/Land%20East%20of%20Biggleswade%20Development%20Brief_tcm6-13667.pdfWe need to know where the security is - I suspect that it's east of the site described above, as some development has already taken place on that site (see aerial photographs of area). Building on 800 acres is a big increase in size for Biggleswade - it double the population of the town. There is a similar house to the Great Bookham one just round the corner, in Newenham Road KT23 4NH, on Rightmove shown as sold STC with an asking price of £450K and appears to have had an offer accepted within one week of coming to market.
|
|
noh
Posts: 34
Likes: 15
|
Post by noh on Feb 5, 2016 22:42:13 GMT
I too had an "instant" sale yesterday, of around £250 in PBL025. The proceeds appeared as Available Funds literally the same moment that I clicked Sell. I often have a similar experience if I try to buy anything. The Available Loans page updates from "All loans are funded" to show something for sale. I immediately click on the loan name, and by the time the loan page appears a second or two later there's often nothing left to buy. On most of the occasions where there actually is something remaining for sale, I then have to wait for the 'Please tick the box' message to appear, and by the time it does the amount available has gone to zero, so there's no point in ticking the box. On those rare occasions when something's still available after the box appears, I can try to tick the box. The first time I managed to get that far this morning I was presented with ReCaptcha pictures, and the last bit of the loan disappeared while the photos were loading. Have savingstream ever tried buying something on the SM? If so, what was their experience like? It is possible that it was me that bought your £250 of PBL025. I saw the Available Loans page had an amount of PBL025 for sale so I clicked on the loan name ticked the box filled in the amount to buy but by the time I had done that the amount available had gone to zero. I left that page open and then saw more become available so pressed the buy button and was successful.
|
|
noh
Posts: 34
Likes: 15
|
Post by noh on Feb 4, 2016 17:38:23 GMT
It's really good to see some activity on the Pipeline Loans today; all the Bedfordshire loans have now moved to stage 2, and now have a decent overview page. Great. Only c30 miles out with the original picture (near Ivinghoe) still attached. Good game though, while it lasted. Here's a proper picture by David Kemp: creativecommons.org/licenses/by-sa/2.0/ Plenty more pictures and info on Rigtmove where the farm is listed for sale
|
|
noh
Posts: 34
Likes: 15
|
Post by noh on Jan 29, 2016 0:18:13 GMT
Someone will gain an advantage by using one of these.
|
|
noh
Posts: 34
Likes: 15
|
Post by noh on Jan 18, 2016 11:36:04 GMT
Someone else could refer your wife and you refer his if you both wanted to gain the referral.
|
|
noh
Posts: 34
Likes: 15
|
Post by noh on Jan 15, 2016 13:54:47 GMT
Google image search is your friend.
|
|
noh
Posts: 34
Likes: 15
|
Post by noh on Jan 4, 2016 13:06:07 GMT
So you were quite happy to put £5k into a £320k loan, you can't quite understand why that wouldn't scale, and you feel singled out and hard done by? Sorry, but... This really does strike me as the fairest way so far. You've got a bunch of people sat around your kitchen table, and a lovely freshly-baked cake. The cake isn't big enough to give everybody the size of slice they want. So what do you do? You give all those who only want a small slice that, then you give everybody else the same. You don't give half the cake to the fat b'std in the corner who wants the whole thing to himself, do you? A company should keep happy the investors. If I have availability for 20k immediately and want to put 5k on this loan, I am not happy to get exactly the same as another investor asking for 300. I was happier with the previous system, even when I got 15% of my requests because that was what everyone was getting. I am totally unhappy to receive 6% of my request when someone is getting 100%. I am also very unhappy to see someone 'lucky' getting 8000k I am also very unhappy to see the SM literally bombarded by very fast bots... and SS doing absolutely nothing about it... (if they don't care, the only solution is to put down mine....tonight will prepare it!) The majority of investors are happy with this arrangement. A small minority of one so far are not.
|
|
noh
Posts: 34
Likes: 15
|
Post by noh on Dec 18, 2015 16:33:55 GMT
Yep twice here too.
|
|