michaelc
Member of DD Central
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Post by michaelc on Mar 4, 2018 20:45:57 GMT
I have a feeling I got involved with BC a little late given many/most of the older loans seem to be closer to 1%.
Interesting that they don't seem to have filled on Friday. I get the feeling much of the loanbook is operated manually but either way there was a change to fill rates today or yesterday which I think means all 4 of those loans are still not fully filled.
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phil
Posts: 190
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Post by phil on Mar 5, 2018 5:19:46 GMT
Yes, rates have dropped, they sent an email about a year back to inform us that to continue to attract borrowers and presumably remain competitive with other bridging lenders they would be reducing from the 1% norm.
I'm wondering if the slow uptake last Friday, whilst due to the lack lustre 0.6%, also has something to do with investors being mindful of the recent problems at Collateral.
The secondary market also has more availability than usual, perhaps another indication of caution after the Collateral FCA problems.
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