stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447 
Likes: 945
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Post by stub8535 on Feb 27, 2018 12:43:39 GMT
No brightspark dealing in crxp loans brought to platform with wrong valuations will not solve the problem of bad valuations. It would, to a limit, give unfortunate holders the chance to sell to less well informed "investors" and these people take the hit. Far better to solve the problem than fudge a solution. If well researched and correctly valued properties are put to lenders then, over time, and to a limit we should see defaults reduce. S Inappropriate valuations is one issue that needs to be addressed but there are many other reasons why investors may not want to stay in loans for their duration. Currently investors can become trapped once the secondary market overloads which is very easy as without variable pricing it has no flexibiliity. The fear factor then comes into play to over-ride other rational arguments. So several platforms have variable pricing. Can't see much movement going on even with the general panic being shown on the coll forum spreading outwards. I am neither for nor against variable pricing. There are positive, and negative, aspects to both. My answers were to your arguement about bad loans and valuations. Accurate and believable valuations will lead to less defaults over time. This will improve sentiment and confidence in the offering thus removing your cited reason for variable pricing. Another way of improving confidence in dfl is to, as mrclondon suggested yesterday, provide detailed costed updates for investors when more money is asked for. The alternative for dfl is to have a couple of pools of capital in platforms semi control to fill later tranches.
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elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
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Post by elliotn on Mar 2, 2018 16:27:55 GMT
No mention of interim permission a noticeable omission, even if they can't give specific comment on progress with their case officer, some words of reassurance welcome as the last large platform still using this permission.
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7d7
Member of DD Central
Posts: 134
Likes: 205
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Post by 7d7 on Mar 3, 2018 11:19:26 GMT
There's a line in the report that says they're continuing with the process of achieving FCA Authorisation this year. I guess this is the make or break year.
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p2p2p
Member of DD Central
Posts: 123
Likes: 114
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Post by p2p2p on Mar 9, 2018 17:43:02 GMT
I see they asked themselves a question about LTVs this week, and didn't answer it. I'd have been a lot happier if they'd quoted their aggregate LTV calculation method rather than waffle
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dovap
Member of DD Central
Posts: 467
Likes: 410
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Post by dovap on Mar 9, 2018 18:12:01 GMT
44% av LTV
I have full faith that is indeed accurate
wibble
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dandy
Posts: 427
Likes: 341
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Post by dandy on Mar 15, 2018 11:49:50 GMT
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Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
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Post by Liz on Mar 15, 2018 13:39:34 GMT
And how many of those 20,000 participate in new loans?
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Mousey
Member of DD Central
Posts: 1,598
Likes: 6,768
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Post by Mousey on Mar 16, 2018 17:57:59 GMT
“The next Investor Round-up will be out on Friday March 16th 2018.”
Good to see they are paying good attention to the numbers.
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johnfleet
Member of DD Central
Posts: 170
Likes: 85
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Post by johnfleet on Mar 16, 2018 18:00:28 GMT
“The next Investor Round-up will be out on Friday March 16th 2018.” Good to see they are paying good attention to the numbers. Hardly inspires confidence does it? Bunch of complete amateurs...
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rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
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Post by rocky1 on Mar 16, 2018 19:36:36 GMT
very dissapointed again with LENDY fortnightly BS. no mention of cowes week.i am also officially an old codger with most new investors being under 40 [good luck to them] i dont think most of them know about the forum yet.so not surprising most of the new loans are not getting funded but they have got youth on their side where as i have just give up on LENDY and will take my funds back inbits and drabs for as long as it takes .i have voted on the latest total b***s up they have made and there are plenty more of these to come.bits and drabs might get there in a few years time.[apologise for rambling] just very dissapointed.
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Post by GSV3MIaC on Mar 16, 2018 20:40:35 GMT
/moderator hat off
I particularly like the bit about what to do if you don't like the new T&Cs .. just 'sell your loan parts, and support will help you close your account' .. I think I'll save that one for the next Edinburgh Fringe ..
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Post by hazellend on Mar 16, 2018 20:57:56 GMT
/moderator hat off I particularly like the bit about what to do if you don't like the new T&Cs .. just 'sell your loan parts, and support will help you close your account' .. I think I'll save that one for the next Edinburgh Fringe .. I think it sounds very passive aggressive from Lendy. Is it just me or do they deliberately always seem to have subtle undertones of antagonism in their communications. Do they are happy if some big hitters just close their accounts are they?
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johnfleet
Member of DD Central
Posts: 170
Likes: 85
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Post by johnfleet on Mar 16, 2018 21:30:04 GMT
/moderator hat off I particularly like the bit about what to do if you don't like the new T&Cs .. just 'sell your loan parts, and support will help you close your account' .. I think I'll save that one for the next Edinburgh Fringe .. ‘Sell your loan parts’ ..... if only
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Jeepers
Member of DD Central
Posts: 818
Likes: 721
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Post by Jeepers on Mar 16, 2018 21:48:33 GMT
/moderator hat off I particularly like the bit about what to do if you don't like the new T&Cs .. just 'sell your loan parts, and support will help you close your account' .. I think I'll save that one for the next Edinburgh Fringe .. ‘Sell your loan parts’ ..... if only What they mean to say is: Put your loan parts up for sale even though you have no chance of selling because everyone's lost confidence due to our demeaning updates and We'll just pocket your interest whilst they remain on the SM !
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MarkT
Member of DD Central
Posts: 190
Likes: 159
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Post by MarkT on Mar 18, 2018 8:51:26 GMT
Priceless humour indeed.
Of my six remaining loans Lendy have blocked the selling option on four and the other two have loan queues approaching infinity.
Lendy are clearly having a laugh at our expense.
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