woodland
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Post by woodland on Dec 11, 2017 21:52:56 GMT
I’m not sure that stacks up rogerthat. You would have to take the £300k off any valuation as an expense.
If we accept the office valuation from the surveyor @ 10% yield = £270k
plus the industrial site land value = £200k (it makes up most of the site)
plus a nominal value of the structures up on the industrial site (roof etc), say £80-120k (I think the roof can’t be worth £200k).
Total valuation around £500-550k.
Gets you to around 100% LTV 😳
Is this methodology flawed? I’m pretty new to this!!
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number5
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Post by number5 on Dec 11, 2017 21:55:19 GMT
I’m not sure that stacks up rogerthat. You would have to take the £300k off any valuation as an expense. If we accept the office valuation from the surveyor @ 10% yield = £270k plus the industrial site land value = £200k (it makes up most of the site) plus a nominal value of the structures up on the industrial site (roof etc), say £80-120k (I think the roof can’t be worth £200k). Total valuation around £500-550k. Gets you to around 100% LTV 😳 Is this methodology flawed? I’m pretty new to this!! Wow woodland....you are new to this and your standard loan amout is 10k!??
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woodland
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Post by woodland on Dec 11, 2017 21:56:28 GMT
Yup. Luckily have the cash, just need to know where to place it!
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woodland
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Post by woodland on Dec 11, 2017 21:59:18 GMT
I meant new to doing public DD. Currently have around 25 x £10k bets with FS, just the A**bury loan gone sour. I’m suspect a few more to come though!🤔
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woodland
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Post by woodland on Dec 11, 2017 22:09:26 GMT
You can tell I’m new - can’t event add up! Earlier valuation should have totalled £550-590k! Still makes quite a high LTV!
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ozboy
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Post by ozboy on Dec 11, 2017 22:20:42 GMT
I meant new to doing public DD. Currently have around 25 x £10k bets with FS, just the A**bury loan gone sour. I’m suspect a few more to come though!🤔 Blimey, £10K bets on FS! Thou Hast Largeish Cojones methinks! 
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number5
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Post by number5 on Dec 11, 2017 22:32:24 GMT
I meant new to doing public DD. Currently have around 25 x £10k bets with FS, just the A**bury loan gone sour. I’m suspect a few more to come though!🤔 Wowzerr....do you keep these loans to term or sell them on the SM?
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woodland
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Post by woodland on Dec 11, 2017 22:41:03 GMT
So far kept investments to term number5.
Moved part of my ISA monies across to FS as the stock market was getting so difficult to read (though that has done me well over the years).
The more I look at P2P then the more conservative I am trying to be. Nothing more than 60% stated LTV, 1st charges only, no loans to companies. Now trying to spread my eggs, taking a look at MT (no ISA yet) and ABLrate.
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ozboy
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Post by ozboy on Dec 11, 2017 22:58:00 GMT
You trust a stated 60% LTV?
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woodland
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Post by woodland on Dec 11, 2017 23:07:39 GMT
No, but it’s a rough guide (though I’m beginning to realise how far wrong the stated LTV’s can be).
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number5
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Post by number5 on Dec 12, 2017 5:57:28 GMT
So far kept investments to term number5. Moved part of my ISA monies across to FS as the stock market was getting so difficult to read (though that has done me well over the years). The more I look at P2P then the more conservative I am trying to be. Nothing more than 60% stated LTV, 1st charges only, no loans to companies. Now trying to spread my eggs, taking a look at MT (no ISA yet) and ABLrate. I'm still relatively very new to FS myself, only a couple of months, moving my funds slowly from FC to here. However I am an active seller on the SM. I generally have my eggs in one basket...try to find the platform that works best for me. FC was still the best, I like a platform that has a liquid SM and good loan flow. Any good recommendations?
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woodland
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Post by woodland on Dec 12, 2017 9:53:49 GMT
Sorry number5, not enough experience to give you an answer. I have been with FS for nearly a year & very happy with them. The interest I get is superior & tax free in an ISA. The senior management have been excellent - I have met with them 1-to-1 and they respond quickly to any questions that I have (not that I abuse this with a bombardment of questions). The only reason to look elsewhere is to cover the hassle that platform failure would give (having to deal with the borrower direct etc). Lots of people mention MT (MoneyThing) & Ablrate, hence I have opened accounts there to examine their offerings - no money invested yet.
Can I ask what you see the advantages of selling on the SM are? You get no interest payment, right?
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bg
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Post by bg on Dec 12, 2017 10:07:47 GMT
Can I ask what you see the advantages of selling on the SM are? You get no interest payment, right? There is no tax to pay if you sell before the interest payment is made.
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number5
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Post by number5 on Dec 12, 2017 10:25:46 GMT
Sorry number5, not enough experience to give you an answer. I have been with FS for nearly a year & very happy with them. The interest I get is superior & tax free in an ISA. The senior management have been excellent - I have met with them 1-to-1 and they respond quickly to any questions that I have (not that I abuse this with a bombardment of questions). The only reason to look elsewhere is to cover the hassle that platform failure would give (having to deal with the borrower direct etc). Lots of people mention MT (MoneyThing) & Ablrate, hence I have opened accounts there to examine their offerings - no money invested yet. Can I ask what you see the advantages of selling on the SM are? You get no interest payment, right? Thanks for your reply woodland. I have seen a lot of people mention MT as well, signed up a while back but didn't quite pull me in. May have another look. I have seen Collateral mentioned quite a few times too. With regards to the SM, more so that I don't really want to large sums tied up. So I just sell then re-invest in another loan and repeat.
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oldgrumpy
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Post by oldgrumpy on Dec 12, 2017 10:35:43 GMT
Sorry number5, not enough experience to give you an answer. I have been with FS for nearly a year & very happy with them. The interest I get is superior & tax free in an ISA. The senior management have been excellent - I have met with them 1-to-1 and they respond quickly to any questions that I have (not that I abuse this with a bombardment of questions). The only reason to look elsewhere is to cover the hassle that platform failure would give (having to deal with the borrower direct etc). Lots of people mention MT (MoneyThing) & Ablrate, hence I have opened accounts there to examine their offerings - no money invested yet.
Can I ask what you see the advantages of selling on the SM are? You get no interest payment, right?Not quite sure what you actually meant here. The buyer pays you all the interest you are already owed, and because you don't personally actually receive the interest when it is paid, as bg says, you are not taxed on it; the buyer pays it all. Edit: for similar reasons, don't buy on the SM or you will have to pay tax on all the interest, even the bit you pay over to the SM seller. It is different for business accounts.
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