acky
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Post by acky on Dec 5, 2017 16:45:09 GMT
Do I detect a slight softening of interest rates? The pipeline seems to have a preponderance of 12% loans whereas 13% has been more the norm over the last few months. L********** farm, for example, was 13% and is being renewed tomorrow at an increased principal (so lower LTV) but at 12%.
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Liz
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Post by Liz on Dec 5, 2017 17:11:50 GMT
Do I detect a slight softening of interest rates? The pipeline seems to have a preponderance of 12% loans whereas 13% has been more the norm over the last few months. L********** farm, for example, was 13% and is being renewed tomorrow at an increased principal (so lower LTV) but at 12%. yes, the smaller and low LTV loans have seen a dip in the interest rates. The large loan still pay 13% and bonuses.
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adrian77
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Post by adrian77 on Dec 5, 2017 17:44:17 GMT
true unless they default....
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r00lish67
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Post by r00lish67 on Dec 5, 2017 17:48:32 GMT
true unless they default.... Not sure it is true anyway actually, the two London's up currently are pretty chunky and only 12%. Mind you, FS seem to have learnt their lesson with tomorrow's Somerset loan that's just popped up, that's back at 13% - 70.26% LTV though (and that's before we work out that it's actually <insert number above 100% upon loan launch>)
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7d7
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Post by 7d7 on Dec 5, 2017 18:21:18 GMT
How many renewals with increased borrowing, higher LTVs and lower rates have I seen recently? Such a combination is meant to entice investors I guess. Sounds riveting!
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