p2pmark
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Post by p2pmark on Nov 11, 2017 22:24:49 GMT
Note that according to the valuation report: "it is clear that the site will receive Planning Consent for Residential Re-development Use.... albeit a detailed Planning Appreciation with appropriate drawings is not currently before the Local planning Authority".
So it seems that getting planning permission of some kind shouldn't be an issue. The bigger risk probably relates to cost overruns as, and is usual for developments, the valuation is very sensitive to costs.
The first ranked loan is coming up for renewal and looks much better than the later loans to me - the much lower LTV more than compensates for the slightly lower return IMO.
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p2pmark
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Post by p2pmark on Nov 11, 2017 19:16:56 GMT
A very pedantic one from me.
On the main "Available Loans" page, the text right says that loans are fully funded when the only parts for sale are through the secondary market. But when you select a loan, it says "Funded 81.983%" or whatever. This isn't accurate as it is fully funded. It would be more accurate to say "Available 18.017%" or something like that.
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p2pmark
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Post by p2pmark on Nov 11, 2017 13:06:52 GMT
Seemed pretty good to me. Excellent Saturday service too, deposits still very zippy! I reckon 100 investors is enough for smallish renewals ie £50 for this loan although there seemed no obvious cheating ie 1 investor bagging the remainder or multiple bids from same borrower. Mostly, thank you to Collateral Rep for today’s service 😊 I'd expected to see the bid limit change to £50 at some point before renewal. At £25 a rather large amount remained for FFF. I would have preferred to have seen a £50 limit which would have just about guaranteed anyone who logged in during the 3 hour window an equal slice. I managed to get an extra £51 (the balance in my account) at FFF but there were a few takers of around £400 which some others could have shared. I agree, £50 would probably have been about right for a renewal of this size, but I don't blame COL for experimenting.
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p2pmark
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Post by p2pmark on Nov 11, 2017 8:26:49 GMT
I know its a little romantic, but still looking for a plane to land sometime soon... Me too.
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p2pmark
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Post by p2pmark on Nov 11, 2017 8:22:46 GMT
Nothing to worry about - just the usual: some are looking to sell Manchester and Plymouth near the end of term. (Plus the already-existing Home Farm cottage nervousness.)
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p2pmark
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Post by p2pmark on Nov 11, 2017 8:06:57 GMT
The loans renew at 9am on the relevant day. You can see the loans that are due to renew in the next 24 hours by going to the renewal loans tab.
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p2pmark
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Post by p2pmark on Nov 10, 2017 19:15:01 GMT
hello, thanks much for your prompt response and including the link to the blog. Just trying to diversify since US p2p market is blocked for non residents. Meanwhile is this the same for Linked Finance (Ireland) ...that you need not file Irish tax return. Thanks again, Korak .... What could happen on some platforms is that a withholding tax will be applied and then you would need to fill in some forms to offset these taxes (if even possible). But I don't think you'd require to file a tax return at all in that country. I asked Mintos chat and they said they have no plans to withhold any tax.
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p2pmark
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Post by p2pmark on Nov 10, 2017 19:08:15 GMT
Maybe you could give a brief summary, can t seem to find on Google Investing with Montis might leave you sitting pretty, but I suspect the OP meant Mintos Ooops! Sorry, yes meant Mintos.
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p2pmark
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Collateral (COL) in Liquidation
Any more bling?
Nov 10, 2017 16:41:48 GMT
via mobile
Post by p2pmark on Nov 10, 2017 16:41:48 GMT
In for the bling I notice - even though I am trying to diversify across different platforms I am trapped in a world of property investment. FundingSecure also do some non property stuff, but it's hard to get much in. Another option is to look further afield at Mintos, who seem a very professional outfit based on my experience so far. *Now corrected from Montis to Mintos.
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p2pmark
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Post by p2pmark on Nov 10, 2017 15:46:28 GMT
I'm sure they'll change that if / when they need to (and ideally before). It wouldn't be difficult in principle.
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p2pmark
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Post by p2pmark on Nov 10, 2017 13:24:35 GMT
Yes, one or two other platforms could learn something from COL
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p2pmark
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Post by p2pmark on Nov 10, 2017 13:19:12 GMT
Have the recent business loans come under the 'bespoke' auto lend? I don't have auto lend on for those, but I've manually allocated on 2/3 recent ones (missed out on today's). I think UB would be crazy to stop new investors coming in to give bigger allocations to current lenders. It's not like Growth Street where the returns have dropped. GS did crazy thing. Bless them. Very generous offer to attract new investors, but it will backfire next year when people get their bonuses and withdraw because of fallen returns and increasing cash drag. But then rates will go back up again, attracting new investors. GS should be fine if they're lending in an intelligent way.
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p2pmark
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Post by p2pmark on Nov 10, 2017 13:16:38 GMT
Wow. How is crypto looking from your perspective so far? I bought £250 of bitcoin ~4 years ago, now worth ~£40,000. Hard to cash in when it could continue to go up! Bought ethereum in June, it's been fairly flat since then (compared to bitcoin), but currently up 10%. What made you decide to buy crypto? What analytical framework can be used to determine their worth going forward? Or is it pure (educated?) guesswork?
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p2pmark
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Post by p2pmark on Nov 10, 2017 10:46:54 GMT
I wouldn't be surprised to see it on the SM soon.
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p2pmark
Member of DD Central
Posts: 217
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Post by p2pmark on Nov 10, 2017 8:58:15 GMT
Sale Queue as a sortable column in Selling Loans to make a very important aid even more usable Yes, this would be really useful.
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