woodland
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Post by woodland on Dec 12, 2017 10:37:42 GMT
I'm sorry if I'm missing something about how the SM works but where is your profit if you do not hold for the interest? Most of the loans for sale are sold at close to par, so no capital gain either? Am I being silly? Apologies if so, just never explored the SM.  |
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oldgrumpy
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Post by oldgrumpy on Dec 12, 2017 10:38:45 GMT
I'm sorry if I'm missing something about how the SM works but where is your profit if you do not hold for the interest? Most of the loans for sale are sold at close to par, so no capital gain either? Am I being silly? Apologies if so, just never explored the SM. See my last post.  ... edit: ...and yes, it's a daft system.
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woodland
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Post by woodland on Dec 12, 2017 10:51:31 GMT
Ahh, thank you old grumpy.
That makes sense! But I guess the tax issues do not apply in an ISA.
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number5
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Post by number5 on Dec 12, 2017 10:52:29 GMT
I'm sorry if I'm missing something about how the SM works but where is your profit if you do not hold for the interest? Most of the loans for sale are sold at close to par, so no capital gain either? Am I being silly? Apologies if so, just never explored the SM. As oldgrumpy said, you still receive the interest you have earned in the period you have held it. In addition, the instances where I can sell at a premium this also adds to the profit. Compounding interest also, allows me to invest these amounts straignt back again within a day or two. Of course I am talking about larger sums, so it all adds up quite quickly.
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number5
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Post by number5 on Dec 12, 2017 10:53:16 GMT
Ahh, thank you old grumpy. That makes sense! But I guess the tax issues do not apply in an ISA. That is correct, ISA are exempt from tax including from the SM.
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rogerthat
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Post by rogerthat on Dec 12, 2017 11:03:49 GMT
wowee...200K...someones confident  |
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woodland
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Post by woodland on Dec 12, 2017 11:17:11 GMT
Filled very quickly. Another big one @ £46K to close.
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rogerthat
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Post by rogerthat on Dec 12, 2017 11:24:33 GMT
46K ....chickenfeed  ...maybe not...I do hope you haven't thrown the basket and all your eggs into it |
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woodland
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Post by woodland on Dec 12, 2017 11:38:24 GMT
No, rogerthat, I was able to resist!
My limit for any one investment is £10K usually.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Feb 16, 2018 11:48:10 GMT
RENEWING @ 12 Midday (FOURTH Renewal and the previous Loans were £500K. This is costing the Borrower an awful lot?!!)
Birmingham Commercial Building ( Currently 1911039640)
Interest Rate 13.00%
Loan Amount £715,000.00
Term 6 months
LTV 65.00%
Loan bonuses
Investment range: £5,000.00 - £9,999.000.50% Bonus
Investment range: £10,000.00 - £24,999.001.00% Bonus
Investment range: £25,000.00 - £49,999.002.00% Bonus
Investment range: £50,000.00 - £99,999.003.00% Bonus
Investment range: £100,000.00 - £715,000.004.00% Bonus
This is a standard 6-month loan secured by a first legal charge against property in Birmingham - a former t*** d****.
The borrower previously had a loan on this property (8718997380) In addition to repaying the earlier loan, this new loan is to complete the renovations.
With more than £250,000 having already been spent on the refurbishments the property has now been valued, at £1,100,000
Once the works have been completed the property will be let to a tenant and refinanced onto a longer term commercial mortgage
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rogerthat
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Post by rogerthat on Feb 16, 2018 11:51:22 GMT
RENEWING @ 12 Midday Birmingham Commercial Building ( Currently 1911039640) Interest Rate 13.00% Loan Amount £715,000.00 Term 6 months LTV 65.00% Loan bonuses Investment range: £5,000.00 - £9,999.000.50% Bonus Investment range: £10,000.00 - £24,999.001.00% Bonus Investment range: £25,000.00 - £49,999.002.00% Bonus Investment range: £50,000.00 - £99,999.003.00% Bonus Investment range: £100,000.00 - £715,000.004.00% Bonus This is a standard 6-month loan secured by a first legal charge against property in Birmingham - a former t*** d****. The borrower previously had a loan on this property (8718997380) In addition to repaying the earlier loan, this new loan is to complete the renovations. With more than £250,000 having already been spent on the refurbishments the property has now been valued, at £1,100,000 Once the works have been completed the property will be let to a tenant and refinanced onto a longer term commercial mortgage has the space bar on ur puter gone awol ?...had a small investment in the 1st...but not sure I'm renewing...VR doesn't exactly praise the state of the building . Also the price the borrower originally paid for it and the reputed amount spent on the roof etc..doesn't seem to be borne out in the VR
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rogerthat
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Post by rogerthat on Feb 16, 2018 12:05:52 GMT
1 x BH with a £1/4 mill...good luck to you squire
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adrian77
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Post by adrian77 on Feb 16, 2018 12:07:46 GMT
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adrian77
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Post by adrian77 on Feb 16, 2018 12:17:55 GMT
wow - that is what I call a nibble!
Looking at the photos there seems to be a lot of water on the floor etc and a huge amount of work to do... if this was my 1/4 mill I would not sleep at night but good luck to him or her...
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rogerthat
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Post by rogerthat on Feb 16, 2018 12:19:06 GMT
17% for 6months ...1st listing..well if you've got that sort of bread to lend..worth a punt spose..I only bid on the old one for the same reason..
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...maybe not...I do hope you haven't thrown the basket and all your eggs into it 