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Post by MrHappyGoLucky on Sept 19, 2017 15:13:17 GMT
Does anyone know how is the interest calculation for late repayment loans? I have 2 loans that are currently overdue for repayment but still not fall under 'Out of term / in breach' loan status yet.
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MoneyThing (MT) in Administration
Supercars ...
Sept 19, 2017 15:00:52 GMT
Post by MrHappyGoLucky on Sept 19, 2017 15:00:52 GMT
OK it's bad news. I think it's bad luck for MT recently, I now have few loans defaulted (or partially-defaulted) in MT but none in other platforms.
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Post by MrHappyGoLucky on Sept 8, 2017 19:43:04 GMT
Update on this loan has just been posted on the MT platform.
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Post by MrHappyGoLucky on Aug 20, 2017 19:28:26 GMT
Disappeared pretty fast, a change of mind or an eager buyer? Should be change of mind, didn't see the purchases in the history.
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Post by MrHappyGoLucky on Aug 20, 2017 19:00:41 GMT
10k of Bollington.
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Post by MrHappyGoLucky on Aug 18, 2017 19:49:39 GMT
I think the 12% loan is one of the safest DFL currently available, and will be more rock solid as the project is progressing and future tranches released, albeit its SM liquidity is another problem due its large loan size. So it's up to the investors to choose between liquidity (14%+) or security (12%) when investing in this loan.
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Post by MrHappyGoLucky on Aug 2, 2017 9:20:42 GMT
1) Property Development Loan Interest P/A - 12% Loan value of £735,000 (value £1,050,000) LTV - 70%. Loan Term - 6 months Bid Limit - None
For Investments of £0.00 - £4,999.99 – 0.25% Cashback For Investments of £5,000.00 - £9,999.99 – 0.5% Cashback For Investments of £10,000.00 - £24,999.99 – 1.0% Cashback For Investments of £25,000.00 - £49,999.99 – 2.0% Cashback For Investments of £50,000.00 - £99,999.99 – 3.0% Cashback For Investments of £100,000.00 + – 4.0% Cashback
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Post by MrHappyGoLucky on May 12, 2017 23:10:15 GMT
There are two big investments of £75k and £25k made into the loan. Now it's close to 50% to complete.
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Post by MrHappyGoLucky on Nov 17, 2016 9:16:07 GMT
There are few previous loans still in pipepline since last week. I think there was one loan (Lewin Road) has been cancelled after been in the pipepline for more than 3 weeks.
I guess those investors deposited money into these pipeline loans will get no interest until the loan is completed, so a lost of 3 weeks interests (for the minimum £5k investment) for that one.
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Post by MrHappyGoLucky on Nov 4, 2016 10:40:21 GMT
Mark, Andrew, Steve
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Post by MrHappyGoLucky on Oct 28, 2016 17:28:01 GMT
Anyone know what happen to the two pipeline loans currently sitting there idle? One of the loan suppose to be completed on 20/10/2016 but still no changes after more than a week.
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Post by MrHappyGoLucky on Oct 24, 2016 13:04:29 GMT
.... and well over 500k (!?) has been bought since launch last night - that represents some big buying to say the least. Someone seems to like it Did someone buy it or was it removed from sale? Pretty sure it was sold. Just saw 300k has been taken by a BH. Just saw another BH taken 350k a minute ago!! Now the loan is down to £1mil only.
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Post by MrHappyGoLucky on Oct 2, 2016 12:25:57 GMT
In my own view, I think the big 3 players (Z, RS, FC) will gain the most because investor like myself will be looking to move to bigger platform to reduce risks but still want to continue invest in P2X market. Smaller players, probably those with loan size less than £50mil, will have less tolerance againsts volatility in the market should the default rate start increasing and investors pull out due to the fear factor. www.altfi.com/data/indices/UKvolume
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Post by MrHappyGoLucky on Oct 2, 2016 11:24:18 GMT
Hey guys, what is your view on this affecting the P2P market? Do you think is it a good opportunities in P2P since the lending from bank will be more difficult, or should we save more bullets by keeping cash in bank for the coming uncertainty?
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