ben
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Post by ben on Feb 26, 2016 12:23:15 GMT
looks like they have offered a bonus
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webwiz
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Post by webwiz on Feb 26, 2016 12:32:59 GMT
looks like they have offered a bonus Up to 4%, but I'm afraid the desperation just puts me off even more.
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Feb 26, 2016 14:05:53 GMT
The minimum threshold for bonus is 100x my maximum loan allocation  In my ideal world there would be bonus for speed of investing not only for size... |
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ben
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Post by ben on Feb 26, 2016 15:43:24 GMT
The minimum threshold for bonus is 100x my maximum loan allocation In my ideal world there would be bonus for speed of investing not only for size... True guess they want to bring the ones with big money out to play although so far has only been about four that qualify for the bonus and two of them were first to bid
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goopy
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Post by goopy on Feb 26, 2016 15:57:28 GMT
If interest was paid monthly I might have a cheeky 25k on it.  |
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Post by eascogo on Feb 29, 2016 17:38:49 GMT
The minimum threshold for bonus is 100x my maximum loan allocation In my ideal world there would be bonus for speed of investing not only for size... True guess they want to bring the ones with big money out to play although so far has only been about four that qualify for the bonus and two of them were first to bid Rishton £1m loan now fully funded. The bonus must have helped. Ten investors received bonus (2@4%, 4@2%, 4@1%). Sadly I'm not one of them. And the Golders Green is also fully funded. FS must feel relieved. I thought it would take longer for these loans to fill up.
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mikes1531
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Post by mikes1531 on Feb 29, 2016 18:29:44 GMT
True guess they want to bring the ones with big money out to play although so far has only been about four that qualify for the bonus and two of them were first to bid Rishton £1m loan now fully funded. The bonus must have helped. Ten investors received bonus (2@4%, 4@2%, 4@1%). Sadly I'm not one of them. And the Golders Green is also fully funded. FS must feel relieved. I thought it would take longer for these loans to fill up. It's been a rather expensive business for someone. 45% of the money raised will be earning 16%, and over 71% of the money raised will be earning a bonus. Collectively, the bonuses will raise the average interest rate on the loan by 2.2%, to 14.2%. I expect we can look forward to seeing a lot of this loan hit the SM as soon as it is activated.
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SteveT
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Post by SteveT on Feb 29, 2016 18:39:18 GMT
Rishton £1m loan now fully funded. The bonus must have helped. Ten investors received bonus (2@4%, 4@2%, 4@1%). Sadly I'm not one of them. And the Golders Green is also fully funded. FS must feel relieved. I thought it would take longer for these loans to fill up. It's been a rather expensive business for someone. 45% of the money raised will be earning 16%, and over 71% of the money raised will be earning a bonus. Collectively, the bonuses will raise the average interest rate on the loan by 2.2%, to 14.2%. I expect we can look forward to seeing a lot of this loan hit the SM as soon as it is activated. Perhaps, but unlikely any of the 71% bonus rate money. That must be kept to completion to qualify for the bonuses.
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mikes1531
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Post by mikes1531 on Feb 29, 2016 18:56:12 GMT
I expect we can look forward to seeing a lot of this loan hit the SM as soon as it is activated. Perhaps, but unlikely any of the 71% bonus rate money. That must be kept to completion to qualify for the bonuses. Yes and no. If someone puts in £100k and then sells off £60k they still earn the 4% bonus on the £40k they retain until maturity.
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ben
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Post by ben on Feb 29, 2016 19:07:20 GMT
Perhaps, but unlikely any of the 71% bonus rate money. That must be kept to completion to qualify for the bonuses. Yes and no. If someone puts in £100k and then sells off £60k they still earn the 4% bonus on the £40k they retain until maturity. Unless they sell it at a discount it will not sell as nobody wanted it when it was available
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mikes1531
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Post by mikes1531 on Feb 29, 2016 21:17:15 GMT
Yes and no. If someone puts in £100k and then sells off £60k they still earn the 4% bonus on the £40k they retain until maturity. Unless they sell it at a discount it will not sell as nobody wanted it when it was available New investors sign up and will be on the lookout for parts to pick up on the SM so they can build up a diversified portfolio. But I agree a discount is likely to be required to sell anything. (There are 30 discounted parts on the SM right now.) Some of the recent wind turbine loan hit the SM as soon as that loan was activated. There's a bit available at a discount, but nearly £50k available now at par, though I haven't a clue whether any of the par parts are being sold. At 12%, they don't show up until Page 9 when the list is sorted by Effective Rate, so sales would seem unlikely. Not that I understand why anyone would invest in a loan and then try to sell it immediately at par. Or, even more puzzling, why anyone would invest in a loan and then try to sell it immediately at a discount. Maybe they're underwriters' parts and the underwriters were paid a cashback fee for their service?
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mikes1531
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Post by mikes1531 on Mar 1, 2016 19:08:33 GMT
It looks like FS may have been disappointed by one/some of their BHs/underwriters inasmuch as they've just made £15k of this loan available again.
This presents an opportunity for a slightly enhanced return for anyone wanting to hold this loan inasmuchas the interest payment will be backdated to start on 26/Feb, so an investment made today will earn an extra four days' worth of interest. If held to term, and if the loan was activated tomorrow, that would make the return 12.26% [(188/184)x12%]. The enhanced return would be even greater if the loan wasn't held to term -- (94/90)x12%=12.53% -- but I really don't know how easy it would be to sell parts of this loan. (It's so big that most investors will have had a chance to buy a part already, and there could be an awful lot of others to compete with when trying to sell.)
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Post by eascogo on Mar 1, 2016 20:36:42 GMT
It looks like FS may have been disappointed by one/some of their BHs/underwriters inasmuch as they've just made £15k of this loan available again. This presents an opportunity for a slightly enhanced return for anyone wanting to hold this loan inasmuchas the interest payment will be backdated to start on 26/Feb, so an investment made today will earn an extra four days' worth of interest. If held to term, and if the loan was activated tomorrow, that would make the return 12.26% [(188/184)x12%]. The enhanced return would be even greater if the loan wasn't held to term -- (94/90)x12%=12.53% -- but I really don't know how easy it would be to sell parts of this loan. (It's so big that most investors will have had a chance to buy a part already, and there could be an awful lot of others to compete with when trying to sell.) Yes just noticed Rushton is back with about 15k to go. I might add an extra contribution. Also saw that 2nd investor, presumably an underwriter, had 200k initially but now shows 250k. Some shifting going on it seems.
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mikes1531
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Post by mikes1531 on Mar 1, 2016 20:45:44 GMT
Yes just noticed Rushton is back with about 15k to go. I might add an extra contribution. Also saw that 2nd investor, presumably an underwriter, had 200k initially but now shows 250k. Some shifting going on it seems. That investor must be one of FS's biggest BHs. They seem to put substantial sums into most of the unrestricted FS loans. The last time I checked the list of bidders (at about 1800 yesterday) they already had increased their investment to £250k. The extra £15k made available has shrunk to £13k now. If I had more money to invest, and could put it into this loan at 16%, I'd be happy to do it.
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SteveT
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Post by SteveT on Aug 26, 2016 13:22:56 GMT
6 months down the line and the renewal is still only 16% full currently. Looks like none of the big hitters who originally bid for the 4% bonus opted to renew (now offering 17% for £100k !!). The valuation still looks pretty optimistic to me...
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