pom
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Post by pom on Nov 26, 2016 19:22:46 GMT
In fairness I think LI have always had some loans at rates this low....there just now seems to be a bit of a dearth of those with higher rates I did miss one since the website change that I would normally have gone for given a chance, however that is the ONLY one I recall that would have tempted me, don't think I've actually managed any new investments since the change and my overall amount invested is now on a downward trend whereas previously there were more I might have fancied than I needed. Hey ho...
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pom
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Lending Works (LW)
Poor rate
Nov 24, 2016 12:32:11 GMT
Post by pom on Nov 24, 2016 12:32:11 GMT
The problem with the likes of LW, Ratesetter and Zopa is that they make their money on the margin between lending and borrowing rates. It is in their interest to drive down lender rates. I don't buy this market competitive rates argument as a complete explanation for the recent sharp falls in LW rate. It is possible, if you are patient and ignore their current rate to lend at, to get around 5.8% on RS (not that they seem to publish this of course). RS takes the money at that rate when they have exhausted loan offers at a lower rate; it just reduces their margin. The advantage with RS is that you can set the rate to lend at; with LW you have no control and have to take it or leave it on the rate they set. If enough of us leave it, then let's see where the rate goes...... I'd be surprised if you get 5.8% again at RS in a hurry, it's been weeks since anythings been lent out that high. (not that I'm particularly happy about the LW rate either)
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pom
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Post by pom on Nov 23, 2016 17:45:25 GMT
I like the new lower interest rates. Their effect is that most people have set their default pre-funding back to zero to avoid getting stuck with them. So when a decent new 12% loan appears, many forget to set a specific target and there's more for the rest of us. And yet there was a very decent number of investors at go live, possibly suggesting a more complex reason...
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pom
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Post by pom on Nov 23, 2016 16:18:49 GMT
Thanks for the responses. So it looks like currently about ~ 5% on rental return (if spread across a number of properties + held for some time). Which may well be boosted by capital return from sales - but figures on these are limited (to one at the moment) but expect to get a better idea over coming months. Obviously there's no guarantee on capital return and even the possibility of a loss.. More to ponder Cheers Mark Some of us have also had some capital gain on SM sales (I've made between 3-14% on SM sales)... but yeah can't be relied upon
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pom
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Post by pom on Nov 22, 2016 11:22:02 GMT
Me too but as negative can't sell it yet. You don't have any of the earlier tranches?
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pom
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Post by pom on Nov 22, 2016 11:05:11 GMT
Oops bit more than I was expecting - didn't bother changing my prefund as didn't think I'd get that much Might sell a bit of my existing.. Edit I guess the demand for it from smaller investors may be dropping with these later tranches to get allocated so much, but my excess sold in the usual seconds, so still plenty of demand from the bigger hitters
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pom
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Post by pom on Nov 21, 2016 12:18:22 GMT
The excitement must have been too much...going live at last, 2 for tomorrow. Site just disappeared about 5 mind ago. Fine here
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pom
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Post by pom on Nov 21, 2016 8:54:27 GMT
Hurrah - I have now withdrawn £1000.76 !! Next goal... enough to pay the tax....
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pom
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Post by pom on Nov 19, 2016 9:42:41 GMT
I think that the first email is when it leaves their account, the second when they get conf that it has been cleared by your bank, so if you have both emails and it's not in your account then I think that means your bank hasn't credited it to your account yet. There are so many links in the chain that can get snarled up, we get used to FPS but it's still not infallible
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pom
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Post by pom on Nov 18, 2016 9:44:30 GMT
Apologies. It was just activated for a test. Our representatives are at a container show this week and we will provide an update next week. That sounds like a really fun trade show Apparently breakfast sessions include: - 20ft vs 40ft: does size matter? - colour trends for Spring: is pink the new blue? - 101 things to do with your excess containers [crossed with pom , clearly great minds think alike!] Indeed... funny you mentioned pink/blue... I've had an image stuck in my mind of clueless Apprentice candidates trying to flog pink ones !!! ("I don't know/care how big it is or what the specs are, I'm best to sell it cos I'm a nice person" )
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pom
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Post by pom on Nov 18, 2016 9:00:13 GMT
Apologies. It was just activated for a test. Our representatives are at a container show this week and we will provide an update next week. A trade show just for containers? The mind boggles...
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pom
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Post by pom on Nov 16, 2016 13:55:24 GMT
Can't think why I'm suddenly wanting to re-read "Animal Farm".... All platforms are equal but some are more equal than others. I was thinking about legs specifically....and wondering if they'll end up telling us 4% good, 2% better
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pom
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Post by pom on Nov 16, 2016 12:47:31 GMT
Can't think why I'm suddenly wanting to re-read "Animal Farm"....
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pom
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Post by pom on Nov 16, 2016 10:32:01 GMT
There were some earlier Co Durham ones too - am particularly fond of SPV23 that has probably been my best performer so far (and earned me some tasty gains when I listed excess shares)
I did ask a while back why so many there recently and the answer was that basically it's where they're currently able to get the best deals. The order they've all been released in recently would rather suggest they were in fact originally sourced in a very narrow time scale (same auction perhaps?) and that other factors in acquiring them messed up the release order. I'm sure we'll see something else before too long tho - wasn't that long ago that everything seemed to be in Nottingham.
As for discounts, projected values etc - well it all eventually depends on how much someone is prepared to pay on the day - who knows what might happen with the housing market? My philosophy has been to look for the rental income and treat any future capital gains as a welcome bonus without counting on them too much.
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pom
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Property Moose
PM fee
Nov 16, 2016 10:20:54 GMT
Post by pom on Nov 16, 2016 10:20:54 GMT
While properties are funding there is a financials section, however, I can't see this section on properties in which I have invested or on the SM. I can't see why this information should be removed after funding. For example, does anyone remember when the provision fund was introduced? I see that SPV42 has a deduction for fencing work in October, but I thought that would have been covered by the provision fund. I wonder what happens to any unused portion of the provision fund when the loan terminates. I'd say the provision fund came in a year or so ago but can't remember exactly other than I have some that pre-date it. From memory they did say that anything left at the end gets distributed
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