mullet
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Post by mullet on May 18, 2018 10:14:56 GMT
I noticed for the renewal of today's Rolex the rate has dropped from 13% to 10% (albeit for a slightly reduced LTV), so I did some analysis of how the rate offered on bling by FS has changed over time and this if what I've found: Year Ave Rate ----- --------- 2013 12.72% 2014 12.67% 2015 12.38% 2016 12.28% 2017 11.81% 2018 11.28% I've defined bling as anything under 20k (which is going to include loads of other stuff too but I haven't got time to manually categorise every loan ...however I think you get the point) Rates of 9% and 10% used to be the exception ...but they are very much becoming the norm for bling - although unbolted have recently cut their rate too so I guess this happening across the board  |
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benaj
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Post by benaj on May 18, 2018 10:24:45 GMT
I suppose 10% is not too bad when others can offer cheaper rates else where
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trium
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Post by trium on May 18, 2018 10:51:52 GMT
These things fly out so fast I'm surprised the rate hasn't fallen further faster. If I was selling bananas and I got mobbed by screaming housewives every time they got the faintest whiff of one I'd probably reconsider my pricing strategy.
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adrian77
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Post by adrian77 on May 18, 2018 10:51:55 GMT
I'd rather get 10% with say a 90% chance of full recovery than 14% with a property junk bond with say 10% chance of full recovery!
As I said before *unding Circle went into the property market but made several gross errors and despite the spin nonsense they told us, they exited this market as it was clearly a non-starter.
FS seem to be making even worse errors but seem to be just ploughing on whilst hoping it will be OK in the end - when FS I would wager it won't! If FS had stayed in the market they knew they would get a lot of my money but now I am rapidly reducing my holding.
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sarahcount
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Post by sarahcount on May 18, 2018 11:03:37 GMT
These things fly out so fast I'm surprised the rate hasn't fallen further faster. If I was selling bananas and I got mobbed by screaming housewives every time they got the faintest whiff of one I'd probably reconsider my pricing strategy. Oooohhhh Bananas!!!
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rogerthat
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Post by rogerthat on May 18, 2018 15:36:57 GMT
These things fly out so fast I'm surprised the rate hasn't fallen further faster. If I was selling bananas and I got mobbed by screaming housewives every time they got the faintest whiff of one I'd probably reconsider my pricing strategy. Oooohhhh Bananas!!! I was going to comment on this but on second thoughts 
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Post by investor1925 on May 21, 2018 7:49:25 GMT
I was going to comment on this but on second thoughts Who would want bananas when you can get as much pie in the sky as you can stuff in
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duck
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Post by duck on May 21, 2018 9:02:11 GMT
I was going to comment on this but on second thoughts Who would want bananas when you can get as much pie in the sky as you can stuff in Have you ever met oldgrumpy ?
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locutus
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Post by locutus on May 21, 2018 10:04:08 GMT
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r1200gs
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Post by r1200gs on May 21, 2018 10:19:31 GMT
Who would want bananas when you can get as much pie in the sky as you can stuff in Have you ever met oldgrumpy ? Not posted for a while. Is this one of the posters removed by the mods for the "benefit" of us all?
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duck
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Post by duck on May 21, 2018 12:35:58 GMT
Not posted for a while. Is this one of the posters removed by the mods for the "benefit" of us all? That's what I was thinking when I made the post, hoped a tag would make him extricate himself from his banana fest.
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mullet
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Post by mullet on May 23, 2018 14:02:37 GMT
Moving the conversation away from bananas a good example of rates dropping today... Loan 4331155448 (33% LTV, 13% interest) was paid back yesterday Loan 8602966039 (60% LTV, 10% interest) was taken out today with exactly the same gemstone as security |
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Post by angrykittens on May 23, 2018 14:40:14 GMT
Moving the conversation away from bananas a good example of rates dropping today... Loan 4331155448 (33% LTV, 13% interest) was paid back yesterday Loan 8602966039 (60% LTV, 10% interest) was taken out today with exactly the same gemstone as security And it all went in 10 seconds, I know because I tried getting a piece and couldn't With Unbolted cutting rates lately even 10% bling is a very heady attraction. FS know it and quite frankly I don't blame them
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rogerthat
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Post by rogerthat on May 23, 2018 14:46:41 GMT
Moving the conversation away from bananas a good example of rates dropping today... Loan 4331155448 (33% LTV, 13% interest) was paid back yesterday Loan 8602966039 (60% LTV, 10% interest) was taken out today with exactly the same gemstone as security And it all went in 10 seconds, I know because I tried getting a piece and couldn't With Unbolted cutting rates lately even 10% bling is a very heady attraction. FS know it and quite frankly I don't blame them Ahem 
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Steerpike
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Post by Steerpike on May 23, 2018 14:50:44 GMT
UB with automation of investments, good deal flow, effective and timely default handling or FS with FFF, SM if you need it, and slightly higher rates.
For these smaller investments, set it and forget it gets my vote.
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