carolus
Member of DD Central
Posts: 204
Likes: 191
|
Post by carolus on Sept 7, 2017 11:52:46 GMT
I've been watching this thread with interest. Lucky you. It seems as if most of the rest of us have been watching it *without* much interest!
|
|
carolus
Member of DD Central
Posts: 204
Likes: 191
|
Post by carolus on Sept 3, 2017 22:06:38 GMT
It doesn't matter what Brexit proponents want. Without a deal we revert to WTO which means Europe has to offer trade which is as favourable as with its most favourable trading partner. Still not as good as what we have now but eurizone would likely want a better trading deal anyway. Most favoured nation status has exceptions though - in particular you are allowed to set up free trade area and then discriminate against countries from outside the bloc. Since Norway is part of a free trade area with the EU (via the EEA), were the UK to drop out of the EU without a deal and attempt to trade under WTO rules, the EU would be under no obligation to treat us in the same way as Norway. It's true the EU would probably *like* a better deal than WTO rules with us, but we need it more than they do, and I am not filled with confidence that the current approach is going to lead anywhere at all.
|
|
carolus
Member of DD Central
Posts: 204
Likes: 191
|
Post by carolus on Aug 22, 2017 15:11:20 GMT
They have had all of 1 sale, SPV1. 1 sale that didn't materialise, and 1 potential sale currently under a vote. All the others have been sold back onto the platform. It's hard to make a judgement based on that. FWIW I think there are two sales currently under vote (both notifications having come through today via email).
|
|
carolus
Member of DD Central
Posts: 204
Likes: 191
|
Post by carolus on Aug 14, 2017 17:35:00 GMT
I now have orders that have been waiting since June 22nd for reinvestment. It is worth checking the outstanding orders tab regularly, even if you have the priority rate set for reinvestment. It looks like if you have orders waiting (e.g. they were placed at 6.1% priority rate on day 1) and the priority rate moves before they are filled (e.g. on day 2 the priority rate becomes 6.0%), they get left high and dry, while others being placed at the newer, lower rate get filled first instead. This means even more cash drag if you are unfortunate to enter the queue just before the rate drops again, and don't stay on top of it, by manually reviewing, manually cancelling orders that are out of the money and replacing them at the new lower priority rate. Not exactly fire and forget! Quite! Those ones were at the market rate, I've since cancelled and redone them at the priority rate and they seem to have shifted today (after only 5 days!).
|
|
carolus
Member of DD Central
Posts: 204
Likes: 191
|
Post by carolus on Aug 12, 2017 20:50:38 GMT
Today I completed my MT loan audit and the findings were staggering. I found that I have 10.7% of my total MT investment in M. Hall and 10.5% in Wigan. I have already done some BPF selling down and more is to come. My risk reduction / diversification programme is now in full swing. I guess others are doing the same as me. Yes, I'm in very much the same position. Significantly overinvested in those two (~10% each) and now selling off much of the excess. I expect I'll be testing out MT's withdrawal feature soon!
|
|
carolus
Member of DD Central
Posts: 204
Likes: 191
|
Post by carolus on Aug 9, 2017 16:00:59 GMT
... With GS I haven't had more than 2 days cash drag yet.... I currently have money that's been sat waiting 4 days (and counting) now to be invested at "Priority Rate" Who knows what the queue length is like for market rate if "Priority" rate itself is over four days!! Having not checked GS for a few months (and foolishly having left it set to market rate reinvestement), I now have orders that have been waiting since June 22nd for reinvestment.
|
|
carolus
Member of DD Central
Posts: 204
Likes: 191
|
Post by carolus on Apr 5, 2017 23:35:25 GMT
Jnm21 - I'm actually pretty disappointed about SPV84 and the uptake. We saw this property as a great opportunity to grab a property in a high growth area with more professional tenants (less likely to skip out and worth chasing if they do!). I'm surprised to see the property wasn't popular considering one of our competitors push out similar yields in other cities that haven't seen the previous capital growth rates that Cambridgeshire have seen. It would be good to hear what put people off on this investment for future if anyone can help? I hope this comes across as helpful rather than harsh, as I think you generally have interesting properties and PM's receptiveness to feedback is good to see. My concern with this property was linked to the points you mention above - specifically the background information about the region. The information in the "About Cambridgeshire" section refers specifically to the city of Cambridge and isn't very applicable to the county as a whole or the St Neots region. As examples, Fig. 1 here makes clear that house price growth in Cambridge has massively outstripped that of surrounding Cambridgeshire (and text elsewhere states that Cambridgeshire is in line with national figures) whilst Tab. 3 in the same document states that the proportion of people living in the private rented sector as a whole in Cambridgeshire is 17.5%, which is completely in line with the national figure stated, rather than the 27.8% given for Cambridge. The whole thing is then made more confusing by the line at the end stating that the figures are for Cambridgeshire as a whole rather than St Neots, which isn't the case (they're figures for Cambridge!). I'm also a little concerned at the idea of using the Daily Mail as a source in this section. Since the figures given don't seem to have much relevance for the property and other factors that are mentioned, such as students, don't seem to apply, from my end it's hard to see whether or not this *is* a good opportunity (although it may well be, if you can see the correct figures). [To expand on my point about students - it's not clear to me that any significant numbers of students would choose to live in St Neots specifically given its distance and the number of other surrounding towns and villages, and University of Cambridge students are forbidden from living there anyway] That's pretty much the reason I haven't felt comfortable investing so far, but I'm certainly not ruling it out if this section is rewritten to accurately reflect St Neots or at least Cambridgeshire as a whole.
|
|
carolus
Member of DD Central
Posts: 204
Likes: 191
|
Post by carolus on Oct 21, 2016 15:06:21 GMT
What email is everyone referring to? Has MT sent an email about this HMRC notice? I haven't received any email from MT, is it only being sent to lenders because that could tempt some investors who do not know into buying on the SM without the full facts. I'm not invested in this loan and I received an email at about 14:30 with the title "Football Club Loan - POSTPONEMENT", which described the reasons for the postponement of further tranches. I notice the loan page has also been updated with the same information.
|
|