Post by justuslee on Jun 13, 2018 12:03:33 GMT
We currently have a pipeline of straight forward open market property loans. Before we listed them, we conducted an external poll on this forum and detailed internal research with our lender base, and the result was pretty conclusive. p2pindependentforum.com/thread/12514/non-interest-expectations-property-loans
On property loans, tax-free ISA money commands 6.5% yield and Non-ISA money commands 10% yield. The Ultra High Net Worth lenders, have all maxed out on their ISA and Pension money and are looking to maximise taxable interest, so the difference is completely rational. At JustUs we have a capital weighting towards Non-ISA UHNW lenders, and we anticipate this being the case until 2019, by this time we expect a weighting towards ISA capital.
As the majority of these SPV loans are short term, visibly redeemable in less than 6 months via refinance or sale of property, the requirement for a simple product made perfect sense. After all we charge no redemption penalties, so a loan could be redeemed within 2 months and the return to lenders needs to be commensurate with the short term nature.
Thanks for your feedback, and if you're not registered with JustUs yet, we would love to have you on-board.
On property loans, tax-free ISA money commands 6.5% yield and Non-ISA money commands 10% yield. The Ultra High Net Worth lenders, have all maxed out on their ISA and Pension money and are looking to maximise taxable interest, so the difference is completely rational. At JustUs we have a capital weighting towards Non-ISA UHNW lenders, and we anticipate this being the case until 2019, by this time we expect a weighting towards ISA capital.
As the majority of these SPV loans are short term, visibly redeemable in less than 6 months via refinance or sale of property, the requirement for a simple product made perfect sense. After all we charge no redemption penalties, so a loan could be redeemed within 2 months and the return to lenders needs to be commensurate with the short term nature.
Thanks for your feedback, and if you're not registered with JustUs yet, we would love to have you on-board.