Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Jul 30, 2018 19:12:06 GMT
Servicing loans monthly is useless to anyone who wishes to be tax efficient and does not have their funds in FISA. The ability to sell off tax liabilities are one of the major attractions of FS which means more active investors are willing to give them a little more leeway but just a little as returns can be realised early
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Post by df on Jul 30, 2018 23:43:30 GMT
Logically that would be equal to or greater than the current discount available. Logically of course that would be the case! But that can change minute by minute or in seconds...unless you are going to go and check each loan part, the lowest discount available 24/7 and then adjust yours one lower each time...which would be too time consuming! That would be an extreme  I check them about 3 times a week and amend my discounts when necessary. Each time it takes approximately 1 minute to get my sale list up to date. Time consumption starts when I decide that whilst I'm on FS mission it would be a good idea to read recent updates for overdue loans (I have a sizeable collection to look through), which is a waste of time because there's nothing I can do to resolve the problem anyway.
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Post by df on Jul 31, 2018 0:12:32 GMT
I was hoping this thread would have made more of the Rolex available at renewal... Grrrrr These are going straight to "loans awaiting activation". Have to remember to tick renewal box for a 'new' loan, iirc with Col loans you only had to tick it once and it stayed there for all future renewals.
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kielbasa
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Post by kielbasa on Jul 31, 2018 8:26:59 GMT
Servicing loans monthly is useless to anyone who wishes to be tax efficient and does not have their funds in FISA. The ability to sell off tax liabilities are one of the major attractions of FS which means more active investors are willing to give them a little more leeway but just a little as returns can be realised early Monetus was suggesting monthly interest payments after the initial six month loan period. You cannot sell loans after the six month period anyway (only in the first 150 days?), so it would not alter the tax position.
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Post by dan1 on Jul 31, 2018 8:45:50 GMT
I was hoping this thread would have made more of the Rolex available at renewal... Grrrrr These are going straight to "loans awaiting activation". Have to remember to tick renewal box for a 'new' loan, iirc with Col loans you only had to tick it once and it stayed there for all future renewals. I've never managed to get a slice because the renewals seem to be 95%+ from existing investors, fair enough but I was hoping a good few had unticked the renewal box following the problems of late.
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Post by df on Jul 31, 2018 12:36:08 GMT
These are going straight to "loans awaiting activation". Have to remember to tick renewal box for a 'new' loan, iirc with Col loans you only had to tick it once and it stayed there for all future renewals. I've never managed to get a slice because the renewals seem to be 95%+ from existing investors, fair enough but I was hoping a good few had unticked the renewal box following the problems of late. I've tried a couple of times, but not bothered any more. If you didn't get a slice in the original loan you have almost no chance at renewal. If someone wants to withdraw they are more likely to put it on SM with premium.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Sept 6, 2018 22:06:21 GMT
As I expected as more money is paid back ie. Cinema the number of loans and amount offered at -1% has dropped drasticaly down 25% in the last week/
I expect when Sussex etc pay back we will be back to normal 1-10 loans at -1% as money is reinvested and there is no stagnation for those requiring cash/
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number5
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Post by number5 on Sept 6, 2018 22:09:42 GMT
As I expected as more money is paid back ie. Cinema the number of loans and amount offered at -1% has dropped drasticaly down 25% in the last week/
I expect when Sussex etc pay back we will be back to normal 1-10 loans at -1% as money is reinvested and there is no stagnation for those requiring cash/
I am not in any of those loans i.e. Sussex etc...when are they due to be paid back?
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adrian77
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Post by adrian77 on Sept 7, 2018 7:22:02 GMT
I note there are still a lot of loans for sale with 1% discount on the SM for "Dutch" Park in London.
Given this one is about to refinance/renew I have had a nibble as this is a mega expensive part of London and hopefully the building works will soon be finished and the asset start to generate funds. Whatever the actual financial situation of the borrower I am sure this one will rent extremely quickly at a very high rent so should not be a problem?
I think this is a safe bet (lot stronger than the cinema!) and will give me a very good return - or am I missing something?
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Sept 7, 2018 10:39:02 GMT
I note there are still a lot of loans for sale with 1% discount on the SM for "Dutch" Park in London. Given this one is about to refinance/renew I have had a nibble as this is a mega expensive part of London and hopefully the building works will soon be finished and the asset start to generate funds. Whatever the actual financial situation of the borrower I am sure this one will rent extremely quickly at a very high rent so should not be a problem? I think this is a safe bet (lot stronger than the cinema!) and will give me a very good return - or am I missing something? Yip lol unless sale agreed a nibble ie< 0.25% of your portfolio should be left to mature. I have nibble in all the -1% but usually £100 or less
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Sept 7, 2018 10:53:54 GMT
As I expected as more money is paid back ie. Cinema the number of loans and amount offered at -1% has dropped drasticaly down 25% in the last week/
I expect when Sussex etc pay back we will be back to normal 1-10 loans at -1% as money is reinvested and there is no stagnation for those requiring cash/
I am not in any of those loans i.e. Sussex etc...when are they due to be paid back? Sorry my error getting my English counties mixed up. To me they are just Down south lol I should have said Suffolk. Sorry for error and apologies to folk from Sussex I’m sure you all pay your debts promptly.
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Post by dan1 on Sept 7, 2018 11:22:02 GMT
I note there are still a lot of loans for sale with 1% discount on the SM for "Dutch" Park in London. Given this one is about to refinance/renew I have had a nibble as this is a mega expensive part of London and hopefully the building works will soon be finished and the asset start to generate funds. Whatever the actual financial situation of the borrower I am sure this one will rent extremely quickly at a very high rent so should not be a problem? I think this is a safe bet (lot stronger than the cinema!) and will give me a very good return - or am I missing something? Third and final (?) supplemental loan (effectively a third charge) goes live at 2pm this afternoon... www.fundingsecure.com/myaccount/preview-investments/2012951478
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adrian77
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Post by adrian77 on Sept 7, 2018 12:06:17 GMT
Discounted PM loans in the SM market look a much better bet to me and besides pay more unless I am mistaken
The building work looks very quality from the photo .
Hang on I thought this was going to renew/refinance - maybe it still is?
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edward
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Post by edward on Sept 7, 2018 12:06:19 GMT
refinance not proceeding...
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arby
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Post by arby on Sept 7, 2018 12:22:12 GMT
Discounted PM loans in the SM market look a much better bet to me and besides pay more unless I am mistaken Assuming you invest £100: Buy on PM and you get £6 return after 6 months with a risk that you lose £100. Buy on SM with 2 months remaining at 1% discount and you get a £3 return after 2 months with a risk that you lose £100. So you've put your £100 at risk for only half the reward when buying on the SM. However, if you're confident that the loan will repay then you can make ~50% more return over a given time period. Each to their own.
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I check them about 3 times a week and amend my discounts when necessary. Each time it takes approximately 1 minute to get my sale list up to date. Time consumption starts when I decide that whilst I'm on FS mission it would be a good idea to read recent updates for overdue loans (I have a sizeable collection to look through), which is a waste of time because there's nothing I can do to resolve the problem anyway. 