Jeepers
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Post by Jeepers on Apr 7, 2018 9:01:33 GMT
I know the general feeling for P2P isn't great at the moment but we haven't seen any new loans for a while on MT, which is a shame because it's the best platform IMO.
Whilst there may be difficulty filling big Loans, surely there's still a market for small ones, particularly cars ?
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Post by marcusponds on Apr 8, 2018 10:20:11 GMT
The update last night has to be the most meagre ever. Didn’t MT recruit someone new around 4 months ago specially to generate more loans? Goodness knows what will happen when Wigan repays.
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Liz
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Post by Liz on Apr 8, 2018 18:54:59 GMT
With a possible shrinking loan book, then how are the "things" ever going to make a profit?
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Post by GSV3MIaC on Apr 8, 2018 19:48:39 GMT
They'll have to survive on their cut of current interest payments. Chocolate reduction forecast!
MT clearly cut a lot of property development (large-ish) loans from the pipeline, which was probably smart based on what we lenders were not prepared to invest in Now they need to find some more small/non property/new borrower offerings &/or some more lenders.
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Post by eascogo on Apr 8, 2018 20:50:33 GMT
With a possible shrinking loan book, then how are the "things" ever going to make a profit? Up to now I valued MT's self-control in not firing loans at machine-gun rate but lately the lack of new loans worries me. The latest pipeline is not bountiful either. I hope that whatever comes up next will be attractive enough to fill without cashback.
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hazellend
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Post by hazellend on Apr 8, 2018 21:01:15 GMT
Where are all the borrowers actually going? Have banks started lending again?
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Liz
Member of DD Central
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Post by Liz on Apr 8, 2018 21:20:28 GMT
Where are all the borrowers actually going? Have banks started lending again? Maybe they aren't borrowing money, with worries of a recession and housing market slow down. Or maybe another bridging company is undercutting p2p. Overall I bet it's RS and AC nicking all of the property by offering better rates.
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justme
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Post by justme on Apr 9, 2018 12:37:44 GMT
The reality is probably that there are no borrowers of the risk acceptable to lenders at these or even close rates.
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