dh1
Member of DD Central
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Post by dh1 on Oct 3, 2022 18:57:40 GMT
Yep - it's starting to look like a pretty impressive exit is going on. It could just be one (or perhaps a couple) lender(s), of course. 154 on the SM as of a couple of minutes ago.
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Post by uksoul on Oct 3, 2022 20:28:38 GMT
Several platforms are experiencing a very active SM. During the CV19 recession loans were sold at a similar rate so not surprising during this current inflationary downturn, some investors are offloading.
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Post by df on Oct 3, 2022 21:14:21 GMT
Kuflink need to start showing the interest rate. I'm not clicking on 50 loans just to see the interest rate on offer.
The SM is problematic enough due to all loan offers being indivisible.
13.5k one is still there - it's been there for ages, probably no chance for this seller. 152 loan parts on SM is something I've never seen before in my time with KUF. Last loan I put for sale last week took 3 days to sell, it used to be always on the same day when KUF approve. Looking at this current state of SM, I think my strategy selling prior to end date is failing. The only advantage I have is small loan parts. I absolutely agree with your point, interest rate should be visible without having to click for more details. To add to the rant - this is where this "big squares" design shows its ugly side again. KUF's UI is very consumer unfriendly. If I were to buy I would want to see something like the old version of ABL's SM - all important info was there and I could see 18 at once without scrolling and could reorder them by the rate, my investment, end date, borrower etc. It's probably just me, but I don't see the usefulness of pictures or drawings of the houses taking 50% of the space for each "deal" on offer.
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Post by df on Oct 3, 2022 22:07:34 GMT
Several platforms are experiencing a very active SM. During the CV19 recession loans were sold at a similar rate so not surprising during this current inflationary downturn, some investors are offloading. Some predict BoE rates will rise to 6% next year. Being stuck in risky investments at projected 6%-7% is not an ideal scenario. I've just looked at Rebs SM - all at premium as it has been for years, seems to be resistant to crisis. The lowest premium is 3.92% and the highest 15%. Buyers rates range from 5% to 17.57%. I haven't bought or sold anything on Rebs SM for a long time so I don't know how it practically works, but it doesn't look like there is much of intention to offload. High rates keep people holding.
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Post by uksoul on Oct 4, 2022 0:54:31 GMT
Several platforms are experiencing a very active SM. During the CV19 recession loans were sold at a similar rate so not surprising during this current inflationary downturn, some investors are offloading. Some predict BoE rates will rise to 6% next year. Being stuck in risky investments at projected 6%-7% is not an ideal scenario. I've just looked at Rebs SM - all at premium as it has been for years, seems to be resistant to crisis. The lowest premium is 3.92% and the highest 15%. Buyers rates range from 5% to 17.57%. I haven't bought or sold anything on Rebs SM for a long time so I don't know how it practically works, but it doesn't look like there is much of intention to offload. High rates keep people holding. Yea, some platforms/loans more recession proof and loans on the high end 8+% more resistant to a sale. BOE rates will rise again until the summer at least, i think. On the positive there are lots of opportunity to pick up some good loans on the SM.
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rscal
Posts: 985
Likes: 537
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Post by rscal on Oct 5, 2022 15:15:04 GMT
We could list the parts here for Loan I.D/amount/rate/time to mature and 'strikethrough' as and when parts disappear. Any takers for that massive task?
2nd column:
[#1-44]
'800'
[etc ...]
'500'
'247.07'
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dh1
Member of DD Central
Posts: 409
Likes: 462
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Post by dh1 on Oct 5, 2022 16:22:55 GMT
Appreciate the sentiment, rscal but effectively replicating the SM and keeping the data up to date would require a huge effort.
I rather thought we (and borrowers) were paying KUF to do this. High time they gor their act together. Also, if I was them, I'd be saying something public (eg to us lenders) about the SM; they really need to reinforce lender confidence, now.
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Post by uksoul on Oct 6, 2022 8:03:43 GMT
lenders sending emails requesting the interest rate be instantly visible should help. The SM is going to be very active over the next year. It is also in the platform`s own interest to expedite SM transactions.
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rscal
Posts: 985
Likes: 537
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Post by rscal on Oct 7, 2022 15:49:57 GMT
I absolutely agree with your point, interest rate should be visible without having to click for more details. To add to the rant - this is where this "big squares" design shows its ugly side again. KUF's UI is very consumer unfriendly. If I were to buy I would want to see something like the old version of ABL's SM - all important info was there and I could see 18 at once without scrolling and could reorder them by the rate, my investment, end date, borrower etc. It's probably just me, but I don't see the usefulness of pictures or drawings of the houses taking 50% of the space for each "deal" on offer. It's done. Interest rate today shows in the bottom corner of each pane. [Note: the figures are actually 'monthly' - so the least you will earn - but don't make that clear]
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Post by overthehill on Oct 7, 2022 16:08:29 GMT
I absolutely agree with your point, interest rate should be visible without having to click for more details. To add to the rant - this is where this "big squares" design shows its ugly side again. KUF's UI is very consumer unfriendly. If I were to buy I would want to see something like the old version of ABL's SM - all important info was there and I could see 18 at once without scrolling and could reorder them by the rate, my investment, end date, borrower etc. It's probably just me, but I don't see the usefulness of pictures or drawings of the houses taking 50% of the space for each "deal" on offer. It's done. Interest rate today shows in the bottom corner of each pane. [Note: the figures are actually 'monthly' - so the least you will earn - but don't make that clear] I should be charging KUF commission.
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Post by uksoul on Oct 7, 2022 16:09:51 GMT
YES!! i just noticed ..nice surprise, makes a lot of difference..
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dh1
Member of DD Central
Posts: 409
Likes: 462
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Post by dh1 on Oct 10, 2022 13:51:39 GMT
There are now "just" 28 loan parts on the SM; that's a reduction of 120 or so from the peak. It's possible to draw some comfort from that....
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Post by dtb on Oct 10, 2022 15:10:46 GMT
I've had no trouble selling many loans on the secondary market over the last 2 weeks. Loans below £100 seem to go quickly, within 24 hours. Although in mid Summer they would go within seconds.
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dh1
Member of DD Central
Posts: 409
Likes: 462
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Post by dh1 on Oct 31, 2022 22:26:17 GMT
I've just visited the SM again and there are 110 loans for sale. I know that some have sold (or been withdrawn) but there have been 100+ for sale for ages (about 1 month) now. The loan amounts range from 5 figures to 2 so I'm struggling to work out the pattern here. If a big lender were exiting you would expect just big loans but that's not what's happening.
Given that the SM is effectively not working for ordinary lenders (unless there is a really large turnover that is masked by the apparent stability in the number of loans on offer) I'd have hoped that kuflink would have commented publicly by now. It would be useful to understand what's going on from its perspective.
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Post by df on Nov 1, 2022 19:02:46 GMT
I've just visited the SM again and there are 110 loans for sale. I know that some have sold (or been withdrawn) but there have been 100+ for sale for ages (about 1 month) now. The loan amounts range from 5 figures to 2 so I'm struggling to work out the pattern here. If a big lender were exiting you would expect just big loans but that's not what's happening.
Given that the SM is effectively not working for ordinary lenders (unless there is a really large turnover that is masked by the apparent stability in the number of loans on offer) I'd have hoped that kuflink would have commented publicly by now. It would be useful to understand what's going on from its perspective. I think the main reasons for it are the rate increase in FSCS products and uncertainty of property prices in near future. I was always selling everything that is getting close to the end date. At the moment, despite the current feast situation I'm still selling everything I put on sale within a couple of days. Don't know how long it will last for, I might not be able to sell anymore soon:)
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