dp
Member of DD Central
Posts: 189 
Likes: 84
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Post by dp on Apr 20, 2016 9:02:16 GMT
oh b__ger, i was half way down page 1 before i read the date. ppfffttt same here. Im thinking they don't even do SY anymore! 
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Apr 20, 2016 9:07:11 GMT
oh b__ger, i was half way down page 1 before i read the date. ppfffttt same here. Im thinking they don't even do SY anymore! Think it floated away, because someone nicked the anchor as a trophy to nail to this thread 
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,806
Likes: 3,237
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Post by jonno on Apr 20, 2016 9:52:09 GMT
Why does this thread have an anchor icon? I thought it was cockney rhyming slang re the OP 
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Post by valueinvestor123 on Apr 22, 2016 12:08:51 GMT
Dont remember them being published. Completely different set up now to when this was originally posted. OP was a known troll and departed forums soon after. I would suggest posting your specific question in the Q&A thread. Whether the OP was a troll or not I think is irrelevant; the question was a valid one and something I have also often wondered about. I can understand the mechanisms of vetting the security itself and establishing an LTV etc however how can one be absolutely sure whether SS (or any other p2p company) has a 1st charge on it? Especially if the borrower borrows internationally? In the case of bankruptcy, there will be a queue of people asking for the security and the LTV might become irrelevant. It does seem plausible that if a 'high-net worth' individual needs to borrow at 12%+ then he is likely to be a distressed borrower, no?
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Post by GSV3MIaC on Apr 22, 2016 16:47:27 GMT
One can absolutely sure by looking at the appropriate land registry documents, as discussed elsewhere. It will cost you money (but not a lot). If it worrits you, there are other investments which yield lower headline rates but with higher safeguards.
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