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Post by justusmike on Apr 30, 2018 14:38:13 GMT
Good afternoon We have listed a new lending opportunity on the JustUs platform this afternoon. Loan Ref: 69520. The overview is currently displayed in the JustUs Marketplace. Due to the nature of Peer to Peer financial promotions, the full information, including the survey report for this loan, is viewable within the Secure JustUs Platform. We would encourage as many P2P Independent forum members to register with the JustUs crowd. Investment available from as little as £10 and it only takes a few minutes to register. Kindest regards Mike **Capital at risk** |
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puddleduck
Member of DD Central
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Post by puddleduck on May 1, 2018 9:49:54 GMT
Hello
I had a look at your site - I can see you have 3 bridging loans running - 1 has an LTV of 75% and the other 2 as you've included GDV are property development loans. All are only 6.5%
While I'm sure you'd love to encourage us to sign up, the rates you are offering are simply too low, unless you get a lot of 'dumb money' in, my feeling is you'll have a job on your hands to fill the property development loans.
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Post by justuslee on May 3, 2018 8:13:30 GMT
Good morning puddleduck - I wouldn't call lending ISA money at 6.5% on mortgage free properties with modest conversion/improvements as dumb money, quite the opposite. I am sure the forum would love to know what you deem to be smart money? |
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puddleduck
Member of DD Central
Posts: 537
Likes: 489
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Post by puddleduck on May 3, 2018 8:29:20 GMT
Good morning puddleduck - I wouldn't call lending ISA money at 6.5% on mortgage free properties with modest conversion/improvements as dumb money, quite the opposite. I am sure the forum would love to know what you deem to be smart money? Most opportunities on P2P are 'mortgage free' - if borrowers could get mortgages or loans from mainstream lenders, they would not be borrowing via P2P! I think 'dumb money' is self explanatory - I think most of the forum would agree using Ratesetter as an example, lending at the 'market rate' on Rolling is 'dumb money'. I suppose I mean investment without much thought - ie failing to shop around, failure to get better rates elsewhere - the same reason why the majority of people are still on standard energy tariffs with their energy companies. All examples of 'dumb money', 6.5% might sound good, but it's not good in context with other offerings in the same sphere.
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pom
Member of DD Central
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Post by pom on May 3, 2018 12:11:53 GMT
I think I'd be cautious about using the term "dumb" in relation to investment choices - there's room for all sorts of different rates in a diversified portfolio or to match different risk appetites and rates and LTVs only tell the beginnings of the story. Besides it could also be argued that all the money currently stuck in Collateral was rather dumb (and I include myself in that).
Having said that I haven't yet decided whether to invest here (signed up only very recently) but that's more because I've not yet had time to have a thorough look around and already have over 20 accounts to track until I finish getting out of some of them.
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Post by justuslee on May 3, 2018 12:38:47 GMT
I think I'd be cautious about using the term "dumb" in relation to investment choices - there's room for all sorts of different rates in a diversified portfolio or to match different risk appetites and rates and LTVs only tell the beginnings of the story. Besides it could also be argued that all the money currently stuck in Collateral was rather dumb (and I include myself in that). Having said that I haven't yet decided whether to invest here (signed up only very recently) but that's more because I've not yet had time to have a thorough look around and already have over 20 accounts to track until I finish getting out of some of them. Agreed Pom with the inappropriate use of the term "dumb" - I do find some of the language difficult to respond to on this forum. Feel free to reach out to the team with any questions.
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