shuff27
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Post by shuff27 on Jan 3, 2018 14:10:53 GMT
I joined for the bling after CO stopped doing it & moved into property. I still have about £6k in CO bling, most of which keeps renewing which is fine with me. Would like to get my UB investments up to a similar level but have also noticed a slow down lately.
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agent69
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Post by agent69 on Jan 3, 2018 17:45:01 GMT
I'm old enough to have tried Double Diamond and it was cr*p
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Post by df on Jan 3, 2018 18:07:02 GMT
I've been drip feeding £150 at a time, but wondering if I should put more in right now? Are they're going to come back to work and blam! large number of renewals on day 1, so I need more cash to grab more loans? Is there any way to see all active loans to spot which should be renewing while they've been closed?I don't think you can, but you can see your own portfolio. If you were investing for 6+ months you should probably have most of them. But this isn't very useful for making top up decisions because you never know if your loans are gong to be renewed, delayed, repaid or put on auction until the due date.
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Post by bracknellboy on Jan 3, 2018 19:18:25 GMT
I'm old enough to have tried Double Diamond and it was cr*p whereas although I am old enough, I am also wise enough to have not done so...
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jan 3, 2018 20:24:40 GMT
I'm old enough to have tried Double Diamond and it was cr*p DD is K9P as the saying went!😁
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agent69
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Post by agent69 on Jan 3, 2018 21:05:24 GMT
Getting back on message, I've done better than normal today with 6 loans, including one at £50
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jan 3, 2018 21:16:07 GMT
Getting back on message, I've done better than normal today with 6 loans, including one at £50 Good day with recoveries as well.
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p2pmark
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Post by p2pmark on Jan 4, 2018 20:48:16 GMT
I joined a couple of weeks before they stopped fastest finger first I've a feeling that under the current system everybody will end up with approx £2000, unless they grow loan volume. I hope they don't go the property route for growth. I'm not sure I would be overly heartbroken at a platform recycling £2000 ish in fairly well secured loans and giving a modest income over a year with minimal maintenance. Getting 'big' seems to be when P2P sites become problematical, and usually starts with ill-advised expansion away from their core business. Personally I am just looking for the 'next unbolted', and more opportunity to spread money around. I agree from a lender perspective. Regrettably, I doubt Unbolted staying at this size is financially sustainable for them.
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applets
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Post by applets on Jan 6, 2018 10:04:41 GMT
I wonder whether this is something UB are working on or is just the case that as UB gets more popular then investor balances will inevitably fall? I think it going to be the latter. I have noticed an on going % decrease of each loan from the autobid. So it would appear new lenders joining have out paced loans. Unfortunately, the demand for loans clearly exceeds supply at present. While new lenders may well be pleased with the allocations they are currently receiving, for longer term lenders I doubt this is the case. Further, without a roll over facility, existing lenders are faced with either receiving a smaller loan part at renewal than they had previously or, if the total loan is less than around £1500, no allocation whatsoever if they are unsuccessful in the "random" allocation.
Less than a year ago the threshold for auto allocation was around £1000. It is now around £1500. Presumably the threshold will increase further as new lenders join the platform and/ or the success rate for random allocations will fall further (I am currently at about 1 in 3 success).
Like others, I don't wish to see a move to property loans and the growing number of business loans is probably a reasonable way for Unbolted to grow their business. However, when I am currently moving towards an ever larger portfolio of sub £10 loan parts, the ability to lend £100s or £1000s on a small number of unprotected loan parts does not offer great diversification.
While it would be unpopular with some, I would like to see rollovers for existing lenders introduced and a halt to new joiners until the supply of loans increases.
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michaelc
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Post by michaelc on Feb 7, 2018 15:09:24 GMT
While it would be unpopular with some, I would like to see rollovers for existing lenders introduced and a halt to new joiners until the supply of loans increases.
Probably more unpopular, the natural thing to do would be to reduce rates until demand matches supply. I've never bought the arguments about the rate should match risk because we don't know what the risk is - the market would determine that by deciding whether and how much to invest.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Feb 7, 2018 15:47:03 GMT
While it would be unpopular with some, I would like to see rollovers for existing lenders introduced and a halt to new joiners until the supply of loans increases.
Probably more unpopular, the natural thing to do would be to reduce rates until demand matches supply. I've never bought the arguments about the rate should match risk because we don't know what the risk is - the market would determine that by deciding whether and how much to invest. Or increase the origination by marketing in order to balance both sides. If they could bring a pure capital gain none property offering then I could see it being popular. It would help investors use up their cgt allowance. Anyone know of such a product?
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applets
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Post by applets on Feb 10, 2018 6:29:10 GMT
The threshold for £5 allocations now appears to have reached over £1900 as the number of new investors presumably continues to increase.
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Post by investor1925 on Mar 2, 2018 11:56:08 GMT
I'm not sure I would be overly heartbroken at a platform recycling £2000 ish in fairly well secured loans and giving a modest income over a year with minimal maintenance. Getting 'big' seems to be when P2P sites become problematical, and usually starts with ill-advised expansion away from their core business. Personally I am just looking for the 'next unbolted', and more opportunity to spread money around. £2000 would be a nice figure for me (and perhaps hubs as well). I am not and never will be a BH, on any platform, and like what I see so far on UB, its simplicity and its hands off (in the main) way of working. Now that C********L has closed down, there will be a few bling loans (some of which I have cash in) at the said site which will come up for renewal over the next few months. Unless the borrower has the cash to pay the loan off, they'll be looking for another platform to borrow from. I hope the said borrowers are reading this forum
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Post by Badly Drawn Stickman on Mar 2, 2018 12:14:40 GMT
£2000 would be a nice figure for me (and perhaps hubs as well). I am not and never will be a BH, on any platform, and like what I see so far on UB, its simplicity and its hands off (in the main) way of working. Now that C********L has closed down, there will be a few bling loans (some of which I have cash in) at the said site which will come up for renewal over the next few months. Unless the borrower has the cash to pay the loan off, they'll be looking for another platform to borrow from. I hope the said borrowers are reading this forum I suspect a few platforms are seeing an opportunity to gain a bit of business from C********L. Arguably the 'bling' part would be very attractive to a few. My money would be on Moneything given the way the model worked, but if Unbolted made a play it would be a very good addition.
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archie
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Post by archie on Mar 2, 2018 12:25:27 GMT
Now that C********L has closed down, there will be a few bling loans (some of which I have cash in) at the said site which will come up for renewal over the next few months. Unless the borrower has the cash to pay the loan off, they'll be looking for another platform to borrow from. I hope the said borrowers are reading this forum I suspect a few platforms are seeing an opportunity to gain a bit of business from C********L. Arguably the 'bling' part would be very attractive to a few. My money would be on Moneything given the way the model worked, but if Unbolted made a play it would be a very good addition. Which reminded me of this post.
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