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General P2x Discussion
investUP
Aug 5, 2015 17:00:31 GMT
Post by Ton ⓉⓞⓃ on Aug 5, 2015 17:00:31 GMT
Can I ask domUP which p2p sites have given their express permission for you to sell their loans?
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Post by Ton ⓉⓞⓃ on Aug 3, 2015 18:09:34 GMT
Anyone know which loans are now trade-able which weren't previously? (I know there's ilmoro's list inthe Pink place)
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Post by Ton ⓉⓞⓃ on Aug 3, 2015 17:24:28 GMT
I'm getting the down for maintenance sign @18.24 Monday
In Edit. I'm in now.
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Post by Ton ⓉⓞⓃ on Aug 2, 2015 10:33:13 GMT
If the 'service is unavailable' then it should just say so before allowing you to type in your email and password and then directing you to an error page. This must happen to me 10 times a day. Why is there so much 'essential maintenance' going on all the time anyway? I log in most days and sometimes I'm on AC for several hours I've not had that message in months I say. In Edit. I've just logged in without problem.
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Post by Ton ⓉⓞⓃ on Aug 1, 2015 12:51:14 GMT
...in terms of the coming soon banner, I think chris suggested that there would be two new accounts coming. August was also mentioned, which for me at least qualifies as soon. any hints as to what these accounts may offer though? One must be Invoices with or without PF? The other I'm guessing; house building/L2L
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Post by Ton ⓉⓞⓃ on Jul 28, 2015 0:39:05 GMT
It's called being tired
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Post by Ton ⓉⓞⓃ on Jul 28, 2015 0:00:05 GMT
It's up to the admin team to determine which order due or overdue payments are made and they have the ability to pay capital and interest independently for each payment as well as make part payments. I'm sure they'll be able to advise as to their policy via the Q&A. It's good that admin already have so much control. Well designed, chris! The payment made today shows as being in partial settlement of the interest due 27/May, which now is just over half paid. If that policy is continued, then the next half-payment would settle the rest of the 27/May obligation. If parts were saleable now, and someone bought a part today, then the next payment would go to the seller, and the buyer wouldn't see any interest until after the next four half-payments, since those would cover the interest due on 27/Jun and 27/Jul. That would seem to be a long wait but, I suppose, no longer than on a development loan, and buyers should know what they're getting into when they decide to buy parts of this 'distressed' loan, so it shouldn't be a problem. I'll await the official reply. I thought the fourth payment was a typo being just £66.67 (two others being £0.00), as I was expecting £2566.67 this would make May's payments complete. But I just don't know as I got an interest payment of 7p from it. Perhaps chris could confirm the figures?
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Post by Ton ⓉⓞⓃ on Jul 27, 2015 23:13:46 GMT
Again who knows if it will. I'm expecting an internal refinance/extension and that's why we have been getting lump sum partial repayments to keep us sweet. And to be honest it's worked for me, I'm quite open to any suggestions from the Borrower as to how to move forward. But I'm not expecting full repayment I thought I remembered reading somewhere that AC had promised an update on this loan today, but now I can't find it. Perhaps I've had a senior moment! No you are right... this is at the very end of the 25th June Activity update. Just after where it says AC is expecting full repayment soon.
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Post by Ton ⓉⓞⓃ on Jul 27, 2015 16:37:20 GMT
I seem to have lost thousands of femtopennies on many loans. I lost 50% of my holding of #153 for about an hour. I sold the other half and loans list reported £0 for my holding. Just about to email when it reappeared Ton ⓉⓞⓃ I have the same issue with #133 and have had for a while. I sold some but it never actually hit my target and went into 1p recycle mode. Ive since topped it up but its still short by .07p Its not currently doing the 1p recycle. pepperpot might be interested to know that too.
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Post by Ton ⓉⓞⓃ on Jul 27, 2015 15:12:35 GMT
#63 Green Deal is supposed to repay this week. Again who knows if it will. I'm expecting an internal refinance/extension and that's why we have been getting lump sum partial repayments to keep us sweet. And to be honest it's worked for me, I'm quite open to any suggestions from the Borrower as to how to move forward. But I'm not expecting full repayment I guess I'm looking for a degree of certainty before it's worth including in the list aboveIn Edit. I probably shouldn't have included Dorset as it's not certain.
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Post by Ton ⓉⓞⓃ on Jul 27, 2015 14:56:31 GMT
Update from AC 23rd July 2015 for Loan #68 ** L****** C******* Limited states "refinance is now expected to complete on Friday 31 July 2015". Oops that a business name baronwomble, So for safety I've just edited it away. Thanks for the info. I'm not sure how certain that will be to complete though. Perhaps once AC have seen the letter and confirm it I'll add it, hopefully it's just a formality.
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Post by Ton ⓉⓞⓃ on Jul 27, 2015 14:47:23 GMT
Not sure if it's because of the change just announced but some of my 'your holding' amounts have dropped to £0, anyone else with holes in their pockets? Currently #181, #153, #90, are showing as £0 holding. #133 did the same about 20mins ago but has come back now. They all seem to be ok with me but on 133 I'm 0.8pence short of my target. Units seems to be available and I have spare cash, but it's still short.
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Post by Ton ⓉⓞⓃ on Jul 27, 2015 13:46:21 GMT
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Post by Ton ⓉⓞⓃ on Jul 24, 2015 20:40:48 GMT
I'm inexplicably drawn to #179. Edit; Just bought a little piece and it shows as 10% in the statement, a bit of house keeping required. (I'm hoping the CR which has it at 11.75% is correct) When the loan first appeared there was an error in the cr, I believe, which was then corrected. If you go to the Q&A the second or third question is about it I think.
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Post by Ton ⓉⓞⓃ on Jul 24, 2015 17:18:39 GMT
As a potential newbie on Assetz, I am reading some of the commentary on the activities section on their website. There is a bridging loan that defaulted back in November. At the time Assetz wrote something to the degree of its only been 3 weeks since the default give the borrower time please lenders and don't be so insistent. Now nearly 9 months later (July) a LPA receiver has finally been asked to take appointment of the property. This is far far far too long in my opinion. Forget the issue of whether interest will be earned, the issue is that the capital is tied up for so long. (never mind that now valuers are saying the property is worth less then before...) Anyhow, if this is how Assetz operates on 'gently' 'gently' approach then perhaps I can't be investing here. Is this the norm? I think it's worth reading through some of the defaulted loans that have been paid off. So go to the AC site and sort all loans by "Repaid" I thinking of South Manchester (several tranches, extensions and similar names but all the same loan) also Bolton BL, & Furniture Retailer (also called FF on this forum). Two of these are completely paid back and one the default int. is still being pursued, but normal int & capital were repaid. These three case might be the "easy" ones to sort with the other taking longer and being more problematic. I'm not commenting on the possibility of loss.
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