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Post by beeje13 on Dec 23, 2017 13:27:40 GMT
What I do really like about Ablrate is alot of the loans (including these two today) are amortising. In a way, this effectively reduces the LTV with every repayment doesn't it?
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Assetz Capital (AC)
GBBA2 Activity?
Dec 23, 2017 9:40:32 GMT
via mobile
df likes this
Post by beeje13 on Dec 23, 2017 9:40:32 GMT
Not that I'm in a rush to invest in it, but if I was, GBBA2 hasn't yet appeared on my dashboard It hasn't on mine either.
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Post by beeje13 on Dec 22, 2017 14:16:36 GMT
Pretty much all cryptocurrencies have crashed 30% over the last 24 hours or so...
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Post by beeje13 on Dec 21, 2017 8:11:58 GMT
Same here, hopefully the same today as I've topped up again.
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Post by beeje13 on Dec 20, 2017 21:23:05 GMT
Kuflink are fully FCA authorised but fund the first 20% afaik. Yes and no From the website: " We are so confident of our deals that our sister company Kuflink Bridging lends 20% in every deal along with you." They then go on to say: "Earn between 5-7.20% gross annual equivalent" - which is somewhat different to COLs historical returns. Kufflink have to pay for that 20% skin-in-the-game somehow... (even if it is their sister's) Haha good point! But of course that is assuming that the risk and loan quality are the same for both platforms... Hard to say at this early stage.
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Post by beeje13 on Dec 20, 2017 16:50:53 GMT
FCA rules prevent Col from investing its own money. The 5% in many MT loans involved a third party and had its own problems! Kuflink are fully FCA authorised but fund the first 20% afaik.
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Post by beeje13 on Dec 14, 2017 17:37:24 GMT
I think this will turn out ok, but it is an odd loan - I would be interested to know how it came to Moneything?
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Post by beeje13 on Dec 13, 2017 18:28:45 GMT
Interesting! I was allocated only 10% of my target on 'gold' loans. I wonder if anyone knows how exactly the loan parts are distributed? I've set my targets for 'Gold' and 'Trust' at much higher than I really want, but I never get any near to these targets. Here's my guess... Some prerequisites first: Lenders Maximum = minimum of AutoLend setting and available cash balance - calculated for each lender Total Lender Funds = sum of Lenders Maximum Initial Allocation = number of investors x £5 If Loan Value < Initial Allocation then operate random allocation system, otherwise.... Lender Allocation = £5 + (Lenders Maximum - £5) * (Loan Value - Initial Allocation) / (Total Lender Funds - Initial Allocation) hastily put together so no doubt inaccurate. no error checking (e.g. if Loan Value > Total Lender Funds) and all that, sorry for the pseudo-code. It's actually a beautifully simple formula in my eyes. Also, good for UB as they have the data from Autolend settings and cash balances to know how a big loan would be taken up.
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Post by beeje13 on Dec 11, 2017 18:39:10 GMT
I started investing a week ago and took advice from this forum to start with £100 as it is slow to get the money invested. I set my bid limit at £25 and I still have £46 left. No investment has been more than £6.50, most at or very near £5. Time to increase my max bid a smidge, maybe get to the dizzy heights of £10 investment on some of the larger loans My tip: Make sure your account is topped up before Friday as I have found that tends to be the busiest day of the week. Last week was slow/low volume by recent levels. Also keep an eye out for emails on manual loans, they are rare now but they do happen.
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Post by beeje13 on Dec 8, 2017 9:40:03 GMT
You think right. With ISAS it's all about the cash you 'subscribe' in. It doesn't matter what you do with it inside the ISA after that.
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Post by beeje13 on Dec 3, 2017 16:27:27 GMT
You can open an unlimited amount of IFISAS in a tax year.
You can only subscribe new money to one.
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Post by beeje13 on Dec 2, 2017 19:52:18 GMT
Matthew thanks for that info, I didn't know. I guess there's no negatives for LW then!
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Post by beeje13 on Dec 1, 2017 17:16:18 GMT
In a remarkable turnaround, they are now offering a bonus if you increase your investment amount this week by 20% and keep maintain it for a year.
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Post by beeje13 on Dec 1, 2017 17:08:24 GMT
And 5 year rates have just increased to 5.5% from 5.3%.
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Post by beeje13 on Dec 1, 2017 14:05:16 GMT
I was going to open an ISA with Zopa, but after the changes to no PF and the stories of losses reported by users on here, I went with LW.
Return is good for the risk: Prime borrowers Provision fund Additional insurance
Downside for me would be the high sale fee, of £20 minimum, although I chose this for the long term so it shouldn't be an issue.
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