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Post by emoney on Jul 21, 2014 14:35:23 GMT
Will the crowd be looking to deploy their NISA capital on Peer to Peer unsecured loan platforms or secured loan platforms, or both?
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Post by emoney on Jul 22, 2014 7:27:04 GMT
Looks like secured loans are popular!
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spyrogyra
Member of DD Central
Posts: 386 
Likes: 148
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Post by spyrogyra on Jul 24, 2014 15:13:11 GMT
I am aware of the privacy issues when lending to individuals but I wonder whether you would be able to show at least the first part of the postcodes for the mortgage loans.
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Post by emoney on Aug 4, 2014 13:15:22 GMT
Good afternoon, sorry for the delay in replying I have been away. We feel regional areas are sufficient for now, as this transparency is a first I believe in the Peer to Peer space for consumer lending. We will continually look at this data disclosure but we certainly don't want to exclude people from borrowing, after all we are one big crowd..
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Post by emoney on Aug 5, 2014 15:59:21 GMT
We have approved a further 2 secured loans today, it's interesting that the borrowers seem very happy to get a lower rate loan by offering their property as security for the loans.
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Post by emoney on Aug 14, 2014 13:57:58 GMT
Any further voters ?
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Post by emoney on Aug 27, 2014 13:42:19 GMT
Well I think we can safely say, especially considering we have funded a 1st Charge secured Loan to 70% within 24 hours paying a 10% yield (not surprising at only 11% Loan To Value) that we are on the money with the personal secured loan offering. You only have to read the telegraph online site/story here www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/11050573/The-borrowers-with-an-85pc-deposit-denied-a-mortgage.html & the uproar from the over 60's applicants, who own their properties outright and who are being financially excluded as result of the Banks computer says no approach, instead of a common sense underwriting approach. |
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Oct 13, 2014 18:38:37 GMT
There is currently a C1 secured loan (not e-provision) available in the marketplace. Should be a popular choice, but should it be a new category? The security is a vehicle 55% LTV. I liked this one, and bid manually, exceeding my ebid setting. Then found that my manual bids were rejected. Rebid without changing my C1 settings and my manual bids have been accepted. Can emoney please clarify the priority of manual and automatic ebids ?
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Post by emoney on Oct 21, 2014 10:39:34 GMT
Good morning and sorry for the delay, I didn't receive an email notification from the forum. When a loan is approved, the eBidPal bids get applied first before going live on the eMarketPlace. I hope this answers your question?  |
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