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Post by overthehill on Aug 18, 2022 13:31:41 GMT
18aug2022 - The Woo* 2. New bridging loan, senior and junior tranches, £1000 limit until 11am tomorrow.
Loan amount: £330,000 Rate: 7.5% Term: 12 months LTV: 55.0% Risk rating: B Security: First charge
Loan amount: £123,255 Rate: 10.5% Term: 12 months LTV: 75.5% Risk rating: C Security: First charge
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,001
Likes: 570
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Post by dave4 on Oct 8, 2022 18:02:33 GMT
#Newsp@per House Loan amount: £196,203
Rate: 15.0%
Term: 12 months
LTV: 80.0%
Risk rating: D
Security: Second charge
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,848
Likes: 11,076
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Post by ilmoro on Nov 14, 2022 19:22:21 GMT
New loan, literally secured on air 😆
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Post by gramsky on Apr 12, 2023 13:52:24 GMT
With a few loans coming up for repayment soon and T** W******** being repaid 6 months early I will soon have nearly 50% of my total investment in LLI loans in cash. With a restriction of £1000 being placed on any new loans I can't see myself getting my money reinvested very soon. Unless the is going to suddenly be an influx of new loans soon. What is in the pipeline?
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markyg61
Member of DD Central
Posts: 339
Likes: 237
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Post by markyg61 on Apr 13, 2023 13:30:55 GMT
The £1000 restriction is sometimes only for 2 hours, sometime 24 hours I believe. Each loan will have a countdown timer until you can pledge more funds if any is available.
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Post by overthehill on Apr 30, 2023 14:03:59 GMT
A new development loan is available now.
I'm surprised that there is still only 90 active investors for every loan given their ever-expanding record bar one unresolved loan. Every element of the offering compares favourably to any other P2P lender that I've invested in.
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Post by gramsky on May 25, 2023 12:10:31 GMT
The £1000 restriction is sometimes only for 2 hours, sometime 24 hours I believe. Each loan will have a countdown timer until you can pledge more funds if any is available. "if any is available" is the operative phrase here, but is unlikely. With another two loans coming up for repayment in 2 months time and when the overdue loans get repaid I will then have 75% of my money in cash. I can't see this getting reinvested into new loans, if so it will take at least a year at the present rate. I am seriously thinking I will need to transfer my money elsewhere soon. Plus if LLI do not increase the number of loans available somehow it will be the end of LLI.
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Post by filip1 on May 25, 2023 15:02:56 GMT
Our demise has been predicted for as long as we have been around, but it is those platforms that have focused on quantity instead of quality that have failed.
Further, current outstanding loan book is bigger than ever.
We have a strong sense of duty to our customers and not prepared to comprise on it for sake of short-term gains or vanity. We will only originate as many loans as we believe we are able to manage to the same high standards as always. The alternative is well known with many precedents set.
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baldpate
Member of DD Central
Posts: 548
Likes: 406
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Post by baldpate on Jun 12, 2023 13:31:50 GMT
Hi Filip,
could you give some indication howthe pipline is looking, please.
I would be particularly interested to know if there is any lielyhood you might offer a new loan later this week. I ask because I will probably be travelling later this, and if there might be a loan, I will carry my laptop - something I don't normally do ... but for a Landlord Invest loan, I'll make the exception ).
Thanks for any information you feel able to share.
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Post by filip1 on Jun 12, 2023 13:47:34 GMT
Hi baldpate,
We have few loans in legals but things are generally moving quite slowly (and have been this whole year for natural reasons) and we do not expect any of them to come through this week.
Enjoy your travels!
Filip
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Post by filip on Jun 14, 2023 8:25:22 GMT
A new development loan is available now.
I'm surprised that there is still only 90 active investors for every loan given their ever-expanding record bar one unresolved loan. Every element of the offering compares favourably to any other P2P lender that I've invested in.
On the question of platform popularity, it is something that has been on my mind for as long as I have been running LandlordInvest. Being in the industry for many years, and watching other platforms coming and going, my view is that popularity is not achieved by the platform that offers the highest returns, has the best or the most experienced management team, or the best customer service/communications, or even access to the best borrowers and/or projects, but mainly how quickly (and frequently) lenders can deploy their funds. Indeed, frequency of new loans/ability to deploy funds quickly appears to trump every other aspect of a platform's offering and is what attracts lenders most. Countless posts on this forum have reinforced my belief of the same. The ability to deploy funds, coupled with referral schemes/bonuses, appears to have been the winning combination of achieving platform popularity on this forum and generally. When these things are what appeals lenders most, things like competence of the platform’s management team, returns, risk, customer service/communication, tech or transparency take a back seat. Further, there has unfortunately been a disconnect between platform popularity and platform sustainability, where many of the popular platforms knew very welhow to attract and deploy funds, but were sadly unable to build a sustainable infrastructure to deal with the popularity, eventually leading to their collapse. Some of these platforms, often those with relatively inexperienced management teams, felt and could not resist the pressure of the increased popularity (they’re humans after all and want to keep their customers happy) and need to quickly deploy funds, therefore often deployed funds to poor borrowers/projects (due to their lack of risk and underwriting experience), leading to high default rates and losses (and eventually collapse). However, I do believe that is possible to both achieve popularity and build a sustainable platform, that is able to manage increased popularity and activity, and it has been done previously. Filip
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elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
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Post by elliotn on Jun 20, 2023 9:23:16 GMT
A new development loan is available now.
I'm surprised that there is still only 90 active investors for every loan given their ever-expanding record bar one unresolved loan. Every element of the offering compares favourably to any other P2P lender that I've invested in.
On the question of platform popularity, it is something that has been on my mind for as long as I have been running LandlordInvest. Being in the industry for many years, and watching other platforms coming and going, my view is that popularity is not achieved by the platform that offers the highest returns, has the best or the most experienced management team, or the best customer service/communications, or even access to the best borrowers and/or projects, but mainly how quickly (and frequently) lenders can deploy their funds. Indeed, frequency of new loans/ability to deploy funds quickly appears to trump every other aspect of a platform's offering and is what attracts lenders most. Countless posts on this forum have reinforced my belief of the same. The ability to deploy funds, coupled with referral schemes/bonuses, appears to have been the winning combination of achieving platform popularity on this forum and generally. When these things are what appeals lenders most, things like competence of the platform’s management team, returns, risk, customer service/communication, tech or transparency take a back seat. Further, there has unfortunately been a disconnect between platform popularity and platform sustainability, where many of the popular platforms knew very welhow to attract and deploy funds, but were sadly unable to build a sustainable infrastructure to deal with the popularity, eventually leading to their collapse. Some of these platforms, often those with relatively inexperienced management teams, felt and could not resist the pressure of the increased popularity (they’re humans after all and want to keep their customers happy) and need to quickly deploy funds, therefore often deployed funds to poor borrowers/projects (due to their lack of risk and underwriting experience), leading to high default rates and losses (and eventually collapse). However, I do believe that is possible to both achieve popularity and build a sustainable platform, that is able to manage increased popularity and activity, and it has been done previously. Filip Excellent first post. Thank you, flip.
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Post by filip1 on Jun 20, 2023 9:26:06 GMT
Thank you, elliotn.
I’ll do my best to increase knowledge and awareness of P2P lending/investing.
Filip
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Post by overthehill on Jun 29, 2023 7:57:34 GMT
New bridging loan for Essex seaside town available today at 11am.
Senior loan information
Loan amount: £200,000 Rate: 8.0% Term: 18 months LTV: 51.3% Risk rating: B Security: First charge
Junior loan information
Loan amount: £80,830 Rate: 10.0% Term: 18 months LTV: 72.0% Risk rating: C Security: First charge
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Post by filip1 on Jul 4, 2023 10:02:24 GMT
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