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Post by valuehunter on Jun 20, 2017 14:12:51 GMT
huddlecapital Thanks for the updates I asked this earlier but looks like you missed it....do loan parts up for sale on the SM keep accruing interest for the seller until sold? Looks like me and greenwood will be in competition to offload some
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Post by valuehunter on Jun 19, 2017 10:21:14 GMT
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uOwn
Uown
Jun 18, 2017 15:59:50 GMT
Post by valuehunter on Jun 18, 2017 15:59:50 GMT
No movement for 5 days as far as I can tell...may need some more promos to get this off the ground
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Post by valuehunter on Jun 17, 2017 16:51:14 GMT
I'd have thought this would push more people into p2p. The BoE have just voted to keep base rate at 0.25% and they've said that when rates do rise it will be gradual. Money in the bank is depreciating in value so I can see a lot of people desperately looking for other places to put it. Agree with that but I think they voted by a narrow margin. To me, that implies the rates will go up soon and faster than perhaps we hope for. In turn wouldn't that mean some folk who are financially stretched having to sell meaning more houses of the market leading to lower prices. That would result in our security and LTV being affected wouldn't it? At the same time if more lenders pile in to p2p, then p2p rates will go down leading to lower reward at higher risk. Perhaps all a bit pessimistic, but I guess like many I'm really wondering where to put cash right now. As interest rates rise I would think it's more likely the demand for P2P would decrease as the risk adverse segment of the market go back to bank accounts... I think you're right and a raise will come sooner than previously thought by most, though one of the members who voted in favour of raising leaves the MPC next month taking it down to 4-2.
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Post by valuehunter on Jun 15, 2017 17:04:41 GMT
I've been stoozing for a few years now. I use credit cards for everyday spending, once the 0% on purchases intro offer is up I do a balance transfer which in the current climate are 0% for 2+ years with some companies. I've made low four figures from interest on borrowed money...well worth looking in to if you're not currently doing it!
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Post by valuehunter on Jun 15, 2017 10:27:36 GMT
Thanks for sharing leopardcat huddlecapital assuming there is demand on the SM, were we to sell pieces of the original loan to diversify would that have any impact on the 20% credit? Do loans on the SM still accure interest while waiting to be sold? Thanks
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uOwn
Uown
Jun 10, 2017 14:54:38 GMT
Post by valuehunter on Jun 10, 2017 14:54:38 GMT
Thanks guys. Just wanted to let the people who have recently invested and claimed our offer know that we are starting part two of the offer today. There is a chance to increase the top up from 20% to 30%. If you have invested you will be receiving an email, all you have to do is forward on the email to 5 friends and anything@uown.co and then have one of your friends or family invest £200 or more. Just to break it down, if you have invested 1,000 there is potentially another £100 of free shares available. All the best, When will the extra 100 shares be credited? Thanks
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Post by valuehunter on Jun 8, 2017 13:28:42 GMT
Round here, ISTM is usually "It Seems To Me". Unfortunately the Internet generation have started speaking a different language. Ah that makes sense, thank you! Could have been on google a long time with a search of "ISTM in reference to loans"
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Post by valuehunter on Jun 8, 2017 11:40:29 GMT
Indeed, page 11 of the credit proposal: "the fact that there may be more than one claim on the company’s assets could impact on the realisable value for each lender". Seems the LTV of 41% isn't as attractive as it first may appear. The LTV relates to the specific project and doesnt include any allowance for the corporate guarentee. The passage quoted relates to a floating charge held by another platform but it would be subordinate to HC's fixed charge over the specific asset so only of relevance if there was a shortfall in the proceeds for the asset. p12 "Lenders benefit from a first legal charge over the Property and should note that this position is not impacted by the third party debenture (i.e. a debenture pledged to a separate lender(s) will not capture assets already subject to separate security such as the first legal charge over the Property)." The issue of the LTV is how much it is reliant on the successful refurb and trading of the bar ... that determines the level of attractiveness or not ISTM BK have one general loan as referred to and several other premise specific loans (through subsiduaries) backed by a CG. Total borrowing with CG in the region of £7m (Principal connected to further loans but BN not involved - need to check that) Wow thanks for the insight ilmoro, very new to this as I'm sure you noticed edit: what does ISTM mean?
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Post by valuehunter on Jun 8, 2017 10:57:56 GMT
Now back to basics... what about the actual loan quality? BK group are borrowing & expanding through a lot of multiple loans, apparently. Indeed, page 11 of the credit proposal: "the fact that there may be more than one claim on the company’s assets could impact on the realisable value for each lender". Seems the LTV of 41% isn't as attractive as it first may appear.
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Post by valuehunter on Jun 7, 2017 10:23:29 GMT
So will you roll the dice? I'm 1113 so certainly won't be taking a gamble unless I get a guarantee
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Post by valuehunter on Jun 6, 2017 11:04:39 GMT
Thanks for the heads up Steve! Will report back if I make the top 100 Edit: Over 1,000 accounts too late
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