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Post by sayyestocress on Sept 12, 2018 8:10:21 GMT
A quick look at how recent new properties are (not) filling suggests PP have succeeded in bunging up the golden egg-laying goose ... It seems the late influx of money I thought would happen caused by the removal of immediate income isn't happening so looks it like you're right, that goose needs some laxative. Did anyone else notice they pushed back the funding deadline for the Huddersfield PBSA, or did I imagine it?
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beh
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Post by beh on Sept 12, 2018 15:47:51 GMT
A quick look at how recent new properties are (not) filling suggests PP have succeeded in bunging up the golden egg-laying goose ... It seems the late influx of money I thought would happen caused by the removal of immediate income isn't happening so looks it like you're right, that goose needs some laxative. Did anyone else notice they pushed back the funding deadline for the Huddersfield PBSA, or did I imagine it? Aye, appears they've added another couple weeks to the Huddersfield one. Still seems unlikely it'll get another £800k in that time. It's 5 weeks since pre-order finished, a long time to have money tied up. Anyone know what "Sourcing Expenses" refers to? Assuming PP have sunk costs in getting to this stage so won't be keen to see a listing fail.
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bigfoot12
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Post by bigfoot12 on Sept 12, 2018 16:07:03 GMT
Anyone know what "Sourcing Expenses" refers to? Glad to see you read the first post in this thread before posting! Try it now!
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beh
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Post by beh on Sept 12, 2018 16:52:39 GMT
Ah, my bad, a while since I read first page
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beh
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Post by beh on Sept 23, 2018 14:26:15 GMT
I think this is for the best.
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SteveT
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Post by SteveT on Sept 24, 2018 6:28:10 GMT
I think this is for the best. Really? Premium Clients (those wanting £5k+ per loan) will still be “first served”, a week sooner than the rest, and can now fill the entire property if it’s attractive. Their pre-orders used to be capped at 50%.
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beh
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Post by beh on Sept 24, 2018 19:01:16 GMT
What would be a better way? I'm not keen on preferential treatment towards larger investors either but PP probably relies on them to get a lot of properties funded.
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daveb4
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Post by daveb4 on Oct 15, 2018 19:09:56 GMT
Most loans, if no discounts, have to go up in most cases now at least 10% just to cover fees/costs, this can be a challenge in this market certainly over short term so have to rely on dividends, hoping for some capital value and at least 5 year term. I do understand this is what it is designed for but I was hoping for a 25% return over 5 years, which I am not so sure will continue. As part of a portfolio this is not too bad unless something else comes along.
Interesting a couple of loans recently have mentioned looking at planning and increasing value which although not guranteed shows PP having some forward thinking. If they are proactively looking at increasing value then costs acceptable, just sitting doing nothing I am not so sure.
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