p2pmark
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Post by p2pmark on May 9, 2019 6:37:19 GMT
Why not just sell the plane? I guess the market for aircraft isn't very liquid.
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p2pmark
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Post by p2pmark on May 8, 2019 17:04:25 GMT
Another update on the site, which I find slightly reassuring.
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p2pmark
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Post by p2pmark on May 8, 2019 9:56:18 GMT
It's about half way down them home page for me.
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p2pmark
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Post by p2pmark on May 3, 2019 19:58:47 GMT
Hi all,
I'd be very grateful if anybody could give me an indication of:
- How long it takes to sell loans in the Property Secured Account? - How long it takes to sell loans in the GBBA (series 2)?
- Roughly what proportion of loans can typically be sold, if you haven't made any sales yet?
Many thanks.
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p2pmark
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Post by p2pmark on May 2, 2019 21:31:01 GMT
End date is set for about two weeks' time (18/5). MoneyThing, is the plan for this loan to be extended, or it will be repaid? Thanks
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p2pmark
Member of DD Central
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Post by p2pmark on May 2, 2019 21:02:12 GMT
I, like many others I suspect, navigate this site through the "Recent-T" link, taking me to recent threads. Is it possible to see Board each thread relates to on there? Currently, I sometimes click on a thread I wouldn't if I'd known the Board it relates to; and sometimes I assume it relates to a Board I'm not interested in, when I actually am.
Thanks.
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p2pmark
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Post by p2pmark on May 2, 2019 20:58:33 GMT
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on May 2, 2019 11:49:35 GMT
I get the impression they're looking at leasing out the aircraft to another airline to fly on a different route.
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p2pmark
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Post by p2pmark on Apr 29, 2019 10:37:40 GMT
Yes, they're the same in the LW document I copied it from.
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p2pmark
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Post by p2pmark on Apr 28, 2019 17:09:21 GMT
According to Lending Works: How are cashback/promotion credits treated for tax purposes?
We’re often asked this, and the answer depends on both the nature of the payment and your personal circumstances (for example if you are investing through a company or in the course of your business), but we’ve provided a general summary below: “Refer a Friend” bonuses
Any payments received by an existing customer “referring” a friend or relative could be liable to income tax and should be declared as income to HMRC. However, any payments received by a new customer as an inducement to join Lending Works would generally not be liable to income tax and therefore wouldn’t need to be declared as income to HMRC. Further guidance from HMRC on miscellaneous income can be found here. Promotion/incentive and “other” account credits
Promotion/incentive and “other” account credits generally relate to one-off cashback promotions or adjustments to your account and are generally not liable to income tax. Therefore, these payments wouldn’t need to be declared as income to HMRC. Further guidance from HMRC on “cash-backs” can be found here. Who can I contact for additional help?
If you need further help with declaring your income please contact either an independent financial or tax advisor or HMRC, whose details are set out on their website at hmrc.gov.uk. Hope this is helpful.
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p2pmark
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Post by p2pmark on Apr 26, 2019 18:18:32 GMT
There's now an update on the site. I'm feeling nervous.....
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p2pmark
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Post by p2pmark on Apr 14, 2019 18:09:55 GMT
Here's how it's been for me:
Date Selling time 08-Jan 1 day 21-Jan 11 days 13-Feb 23 days 08-Mar 37 days
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p2pmark
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Post by p2pmark on Mar 12, 2019 20:04:22 GMT
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p2pmark
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Post by p2pmark on Mar 12, 2019 19:32:51 GMT
Hi lexo , that's interesting comparison. But I am confused about the definition of your representation. I've just logged in Lendy, The total loan amount (live+repaid+NPL+claims underway) issued exceeds 350+ Mil GBP I don't take into account any repaid loans on any platforms. So for L it's live+NPL+claims underway Interesting, thanks for this. So when a loan is repaid the % bad goes up? Why not include repaid? As it is, unless a platform grows quickly, the % bad will inevitably increase over time, as the absolute £ default increases.
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p2pmark
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Post by p2pmark on Mar 10, 2019 19:03:46 GMT
I'm thinking of investing a few thousand of next years ISA. What puts me off however is that the interest would have to be withdrawn to be re-used. Is there any way I can keep it in Proplend to be re-used? It would take a long time to amount up to the minimum investment. Not AFAIK. This is one of the drawbacks of the platform (which does have a lot going for it.) If you withdraw the interest you will lose the tax shelter. You could transfer it out as there is no charge but that's a lot of hassle for a small amount. One idea is that you initially put a sum into a cash ISA alongside the PL ISA. Then periodically transfer enough from the cash ISA to the PL ISA to top up the interest to the minimum investment level. However the interest rate differential between the two ISA types means that you would likely get even less interest, although safer.As the As the ISA is flexible, I understand that it retains its tax shelter if you put it back in before the end of the tax year. So you can accumulate interest over a few years to try to get up to the minimum. Littleoldlady's point still stands though - it's difficult to accumulate enough interest to meet the minimum.
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