debaura
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Post by debaura on May 4, 2018 19:15:23 GMT
I for one am pleased with the outcome (Prestbury). MT has done a good job. Thank you.
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Post by queenvictoria on May 5, 2018 6:15:12 GMT
I agree. In the circumstances, lenders have come out relatively unscathed and the MT team have shown themselves competent at dealing with a default.
The remaining concern is the validity of a RICS valuation which has, yet again, shown itself to be way, way out of what is achievable when a fire sale is required. Lenders and MT will have learnt from this one.
But, I agree; well done to the MT team and thank you for your hard work
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SteveT
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Post by SteveT on May 5, 2018 7:13:49 GMT
The remaining concern is the validity of a RICS valuation which has, yet again, shown itself to be way, way out of what is achievable when a fire sale is required. Lenders and MT will have learnt from this one. As I previously observed, the valuer really cannot be blamed in this case. A well-handled recovery so far, hopefully with the balance of capital and interest still to come in due course via a combination of routes, including the PG. MoneyThing Ed, a question: Now that the "Remaining capital balance" has been rolled into MTAIR2945, where is accumulated default interest from MTAI837 recorded in the system? The "My Repaid Loans" tab (correctly) shows "Interest received" as zero but doesn't display an "Interest expected" column. Thx.
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sj
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Post by sj on May 5, 2018 7:28:30 GMT
Yep, not bad, now let's get those other defaults looked at....
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Post by MoneyThing on May 5, 2018 7:56:15 GMT
The remaining concern is the validity of a RICS valuation which has, yet again, shown itself to be way, way out of what is achievable when a fire sale is required. Lenders and MT will have learnt from this one. As I previously observed, the valuer really cannot be blamed in this case. A well-handled recovery so far, hopefully with the balance of capital and interest still to come in due course via a combination of routes, including the PG. MoneyThing Ed, a question: Now that the "Remaining capital balance" has been rolled into MTAIR2945, where is accumulated default interest from MTAI837 recorded in the system? The "My Repaid Loans" tab (correctly) shows "Interest received" as zero but doesn't display an "Interest expected" column. Thx. Morning SteveT. All the underlaying data for the accrued interest is in the db. Will have a think as to how we can best display/present this... Regards, Ed.
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SteveT
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Post by SteveT on May 5, 2018 8:10:42 GMT
Morning SteveT. All the underlaying data for the accrued interest is in the db. Will have a think as to how we can best display/present this... Regards, Ed. Perhaps add an "Outstanding Interest" column in the "My Repaid Loans" tab?
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Post by eascogo on May 5, 2018 19:01:36 GMT
MT once again proving themselves to be the best P2P platform. Question is: where to reinvest ? : Have reinvested all 4 digits returned from Prestbury into S*******d. To my mind the more investable short-term loan available on the SM. For longer term the Wigan is also a good bet. My opinion of course.
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Post by Ace on May 5, 2018 19:20:40 GMT
MT once again proving themselves to be the best P2P platform. Question is: where to reinvest ? : Have reinvested all 4 digits returned from Prestbury into S*******d. To my mind the more investable short-term loan available on the SM. For longer term the Wigan is also a good bet. My opinion of course. Interesting definition of short and long term, given that they are both scheduled to mature in the same month!
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Post by eascogo on May 5, 2018 19:48:38 GMT
Jeepers : Have reinvested all 4 digits returned from Prestbury into S*******d. To my mind the more investable short-term loan available on the SM. For longer term the Wigan is also a good bet. My opinion of course. Interesting definition of short and long term, given that they are both scheduled to mature in the same month! Ah yes, sloppy of me. Failed to check on the Wigan end date. However it's a development and delays are known to occur!
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Post by df on May 5, 2018 20:14:06 GMT
Jeepers : Have reinvested all 4 digits returned from Prestbury into S******d. To my mind the more investable short-term loan available on the SM. For longer term the Wigan is also a good bet. My opinion of course. Interesting definition of short and long term, given that they are both scheduled to mature in the same month! I guess if one's aim is to invest only in very short term loans, 26 days makes a difference. If I were to reinvest my return I would put it all in MTBG (some was still available when my return was credited), but I didn't because I've already invested more than enough in previous 1,2,3 advances. Otherwise, it could've been a good timing.
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Post by df on May 5, 2018 20:30:19 GMT
Interesting definition of short and long term, given that they are both scheduled to mature in the same month! Ah yes, sloppy of me. Failed to check on the Wigan end date. However it's a development and delays are known to occur! Yes, this is why SM is full of short-term-loan opportunities. In property loan market delays are the norm and many investors are trying to escape before their cash gets locked in failed loans for an indefinite period.
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Jeepers
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Post by Jeepers on May 5, 2018 22:10:28 GMT
MT once again proving themselves to be the best P2P platform. Question is: where to reinvest ? : Have reinvested all 4 digits returned from Prestbury into Sweetland. To my mind the more investable short-term loan available on the SM. For longer term the Wigan is also a good bet. My opinion of course. Did some initial DD on s*******d when it was launched and it looked like a disaster waiting to happen, lending unsecured to a company consistently making a loss up to 2015  I think the best prospect is the Scottish holiday park, judging by the latest update plus low ltv but I'm quite uneasy with P2P in general at the moment.
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Post by eascogo on May 5, 2018 23:16:18 GMT
Jeepers : Have reinvested all 4 digits returned from Prestbury into Sweetland. To my mind the more investable short-term loan available on the SM. For longer term the Wigan is also a good bet. My opinion of course. Did some initial DD on s*******d when it was launched and it looked like a disaster waiting to happen, lending unsecured to a company consistently making a loss up to 2015 I think the best prospect is the Scottish holiday park, judging by the latest update plus low ltv but I'm quite uneasy with P2P in general at the moment. Based on MT's info your assessment is very downbeat. I read it differently and think it'll turn out OK. We'll see how it pans out in and if I have relied too much in MT's presentation.
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agent69
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Post by agent69 on May 6, 2018 7:54:09 GMT
MT once again proving themselves to be the best P2P platform. Question is: where to reinvest ? Given that the SM only appears to have gone down by about £250k, most of the £1.8m appears to have moved off platform
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ptr120
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Post by ptr120 on May 6, 2018 8:11:06 GMT
...or sitting on the platform waiting to be reinvested when the right opportunities become available. Like mine.
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