littonowl
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Post by littonowl on Oct 30, 2017 15:20:58 GMT
Ah, damn. Only just seen it! At an LTV of 26% though, and with 3% cashback though, I'm not surprised.
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littonowl
Member of DD Central
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uOwn
Uown
Oct 16, 2017 13:23:44 GMT
Post by littonowl on Oct 16, 2017 13:23:44 GMT
Email this morning highlighting increased net rental yields for this year, which are now quite impressive, see below:
8 Eden Gardens - 6.5% Net Yield
57 Beechwood Mount - 7% Net Yield
33 Stanmore Street - 6.4% Net Yield
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littonowl
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Post by littonowl on Oct 12, 2017 16:50:37 GMT
Thanks for your speedy responses, kuflink I've registered via topcashback and have initiated my bank deposit ('can take up to 5 working days'!? gulp!), but hopefully it'll be through in time for me to spread it across both loans.
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littonowl
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Post by littonowl on Oct 12, 2017 15:52:17 GMT
Thanks, kuflink, so if I spread my deposit of say a notional £1k, with £500 in each of the 2 investments, I’d get cashback against the full £1k?
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littonowl
Member of DD Central
Posts: 398
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Post by littonowl on Oct 12, 2017 15:21:07 GMT
Hi kuflink Just wonder if you could confirm if your 5% cashback offer on topcashback is still a live deal? Also please can you advise if you still have the 3 recently listed loans still open for investment? (might be an idea to give guests access to details of 'investments open for funding', might encourage potential new customers to invest?). If the answer is yes to the above queries, am I also correct in thinking that I can spread my initial deposit across all 3 investments and receive cashback against all 3 (as long as my investment is done within 24 hours of a deposit?). Many thanks in advance LittonOwl
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littonowl
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Post by littonowl on Oct 11, 2017 14:51:31 GMT
Same here, presumably there was no bid limit on it?
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littonowl
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Post by littonowl on Oct 11, 2017 10:40:55 GMT
I've taken a couple of bites of one of the original long-dated (2020) govt-owned aircraft, at 103p (the rest of these tranches are at 105p+). Doesn't seem like there's going to be any more of these in the pipeline, and offering a nice, and hopefully relatively safe 9.2% for the next 3 years is good enough for me. Still c.£1300 available if anyone else is interested.
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littonowl
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Post by littonowl on Oct 7, 2017 19:30:02 GMT
The above 2 posts sum up quite nicely why I also invest in Abu.
In addition they offer a flexible IFISA too, so you can counter cash drag somewhat and invest your money outside the wrapper while you wait for good investments to come along, without losing your ISA status.
As regards inflation, most economists/commentators seem to believe that its not a great threat and that any rate rises will be relatively small (‘lower for longer’). However, if there are signs of inflationary pressures, there’s always the SM, if you wish to exit early.
I like this latest offering, I supported the 12%, 1year MVB (is this likely to close early now?) and have taken some of this one to replace it when it does redeem.
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littonowl
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Post by littonowl on Sept 26, 2017 15:45:44 GMT
Pretty sure you'll get a really wide range of answers. But, bear in mind, P2P as a retail investment has hugely grown in popularity recently as as such, many of the troubles have not even come to light. Some are starting to now. Many of the troubled investments are not yet to term, or may be 'rolled' and simply pushed further down the road. Unless you get someone who has been fully invested for at least a couple years and gone through a few investment and repayment cycles, I would not consider the answers that they provide that illuminating. There is a massive quality range in terms of loans across the providers (and sometimes even the same providers). Losses in p2p are I think inevitable. It's a game of averages. For completely hands off and diversified investments, it may well be more prudent to look at the aggregators such as Assetz, Bond Mason, etc. I can't really see 'unsophisticated' investors making the sort of investments that are discussed on these boards safely (in general). If I were looking to suggest someone get involved in P2p without them wanting to directly perform due diligence and management of their investments, that's likely where I'd push them. In addition to BondMason & Assetz, I'd check out Octopus Choice, who I believe set up initially solely to deal with IFA's though they now allow retail investors too: octopuschoice.com/adviser/welcome
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littonowl
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Post by littonowl on Sept 8, 2017 22:46:54 GMT
So the student block was supposedly fully funded within a few hours but is being left open till next week, surely just encourages people overbid. Any predictions? Slightly at a loss with PP of recent, frustrating to only end up with a few % of something. I don't want to use auto-invest and nor do I have tens of £thousands. Sadly PP seem to have put measures in place now to court the BH's /Institutional Investors at the expense of their small/original investors.
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littonowl
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Post by littonowl on Sept 8, 2017 14:21:48 GMT
All done and dusted here too! Also got the 1.61% rate and cashback tracked within an hour of my 'received funds' email from Octopus. Thanks again to djpix99 for alerting to this little opportunity.
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littonowl
Member of DD Central
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Post by littonowl on Sept 7, 2017 14:20:17 GMT
Edit. keyboardworrier answered my own question re octopus Choice. Anyone know how the cash payment is made and by whom? Is it paid into Topcashback and then you have to withdraw from them? TIA I should have said that I had to use a different email address than the one I used to register with Octopus Choice as it was recognised. If the cashback pays out it will go into your Topcashback account then you can withdraw it to paypal or your bank account Ah, right, thanks for the that, had just tried their site and they recognised my email too!
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littonowl
Member of DD Central
Posts: 398
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Post by littonowl on Sept 7, 2017 14:09:05 GMT
Edit. keyboardworrier answered my own question re octopus Choice. Anyone know how the cash payment is made and by whom? Is it paid into Topcashback and then you have to withdraw from them? TIA
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littonowl
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Posts: 398
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Post by littonowl on Sept 6, 2017 9:36:23 GMT
...and yet their new referral scheme is looking to attract people who invest a minimum of £10K ! Hardly going to improve the scale-back situation in future...
Maybe they need to start looking at offering properties on a first-come first served basis, with bid limits in place, at least those that do get their stakes will feel they're worthwhile, as no one is going to be happy with just 4%!
Would also remove the problem of cash drag, because I now have to hold a far bigger cash balance (earning nothing) than I really want, just to try and make the allocation after the inevitable scaleback worthwhile.
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littonowl
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Property Partner
Referral
Sept 5, 2017 15:01:38 GMT
Post by littonowl on Sept 5, 2017 15:01:38 GMT
Just upped the referral terms again, to £250 each, once £10k is invested. Needless to say, if anyone is thinking of dipping a £10k toe, I'll be happy to oblige... Wish I'd waited now! Are relatives excluded from this offer? Yeah, I know what you mean! Yep, think relatives will still allowed (I've referred my parents when it was the original deal) but you'd need to check current t & c's. Be nice if they'd incentivise those who took up earlier offers but haven't yet hit the £10k mark with the remaining £200...
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