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Post by fundingsecure on Feb 11, 2019 8:36:12 GMT
The February Newsletter has been sent to all subscribed members.
Regards FundingSecure
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Post by beepbeepimajeep on Feb 11, 2019 8:55:22 GMT
When the fundingsecure account finishes posting this and then notices all its notifications in the Art loans, Powerboat and Whitehaven threads....  |
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aj
Member of DD Central
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Post by aj on Feb 11, 2019 10:09:43 GMT
Happy Fenruary All.
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Post by dan1 on Feb 11, 2019 10:18:18 GMT
I'm not sure I care so long as they improve their performance on overdue loans!
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Post by mrclondon on Feb 11, 2019 10:22:57 GMT
I'm disappointed that the mention of longer term loans was not expanded to include clarification of whether any changes are to be made to the SM to accomodate such loans. See this thread for the discussion. I think they will be very slow to fill unless SM changes are forthcoming, as they will be pretty much unsellable after month 5 as things stand today IMO. |
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Post by dan1 on Feb 11, 2019 10:48:20 GMT
I'm disappointed that the mention of longer term loans was not expanded to include clarification of whether any changes are to be made to the SM to accomodate such loans. See this thread for the discussion. I think they will be very slow to fill unless SM changes are forthcoming, as they will be pretty much unsellable after month 5 as things stand today IMO. I'm beginning to think that the whole concept of secondary markets is counter productive. It was sold as a way to allow investors to a) diversify and b) access their funds when required. However, it's probably more a tool to de-risk a portfolio and in doing so transferring that risk to the unsuspecting buyer. I suspect it's less likely due to both informed parties taking a different view on the risk and/or rebalancing their portfolio. The same principles apply to par only SM's where interest is stripped before passing on the risk, and to variable SM's where interest and to a lesser extent capital gains can be harvested. I'm not sure what the answer is because removal of SM's would kill the industry at a stroke. I guess in hindsight I'd of like to have seen investors buying into loans based on the underlying proposals rather than liquidity and platforms would have grown organically rather than fuelled by lenders piling in to buy on the SM when ISAs were launched. I guess what I'm saying is that there's a lot of predatory behaviour on SM's. And to be clear I've probably benefited but quite understandably those burnt come back here to vent their frustrating and investors suddenly stop piling in and the platform grinds to a halt as evidenced on FS. Ramble over 
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Post by df on Feb 11, 2019 22:46:59 GMT
I'm disappointed that the mention of longer term loans was not expanded to include clarification of whether any changes are to be made to the SM to accomodate such loans. See this thread for the discussion. I think they will be very slow to fill unless SM changes are forthcoming, as they will be pretty much unsellable after month 5 as things stand today IMO. I'm beginning to think that the whole concept of secondary markets is counter productive. It was sold as a way to allow investors to a) diversify and b) access their funds when required. However, it's probably more a tool to de-risk a portfolio and in doing so transferring that risk to the unsuspecting buyer. I suspect it's less likely due to both informed parties taking a different view on the risk and/or rebalancing their portfolio. The same principles apply to par only SM's where interest is stripped before passing on the risk, and to variable SM's where interest and to a lesser extent capital gains can be harvested. I'm not sure what the answer is because removal of SM's would kill the industry at a stroke. I guess in hindsight I'd of like to have seen investors buying into loans based on the underlying proposals rather than liquidity and platforms would have grown organically rather than fuelled by lenders piling in to buy on the SM when ISAs were launched. I guess what I'm saying is that there's a lot of predatory behaviour on SM's.
And to be clear I've probably benefited but quite understandably those burnt come back here to vent their frustrating and investors suddenly stop piling in and the platform grinds to a halt as evidenced on FS. Ramble over I think AC SM model is good for "a) and b)" and not a great playground for big predators. Removal of SM would kill most platforms, but look at UB - no SM and no sign of collapse yet. There's no need for SM on UB.
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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
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Post by Godanubis on Feb 12, 2019 2:39:07 GMT
Predators weed out the weak and remove the burdens strengthening the whole.
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Post by mrclondon on Feb 12, 2019 18:57:52 GMT
Perhaps it was too late for the Feb newsletter, but (unless its a typo) we have our first mega loan in the pipeline, a whopping £8m+ loan 53% LTV secured on a prime Notting Hill address. I guess underwriters have already been sounded out.
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Post by bracknellboy on Feb 12, 2019 20:37:47 GMT
Perhaps it was too late for the Feb newsletter, but (unless its a typo) we have our first mega loan in the pipeline, a whopping £8m+ loan 53% LTV secured on a prime Notting Hill address. I guess underwriters have already been sounded out. does it have a PowerBoat in the garage ?
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Post by martin44 on Feb 12, 2019 21:35:46 GMT
Perhaps it was too late for the Feb newsletter, but (unless its a typo) we have our first mega loan in the pipeline, a whopping £8m+ loan 53% LTV secured on a prime Notting Hill address. I guess underwriters have already been sounded out. does it have a PowerBoat in the garage ? i hope its not the the same lendy "London loaners" GHU's
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rs
Member of DD Central
Posts: 467
Likes: 254
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Post by rs on Feb 13, 2019 13:35:02 GMT
Perhaps it was too late for the Feb newsletter, but (unless its a typo) we have our first mega loan in the pipeline, a whopping £8m+ loan 53% LTV secured on a prime Notting Hill address. I guess underwriters have already been sounded out. The LTV for the £8m loan (notting hill) has gone upto 80% now! Interest is still at 12% for lenders.
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r1200gs
Member of DD Central
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Post by r1200gs on Feb 13, 2019 14:48:40 GMT
Perhaps it was too late for the Feb newsletter, but (unless its a typo) we have our first mega loan in the pipeline, a whopping £8m+ loan 53% LTV secured on a prime Notting Hill address. I guess underwriters have already been sounded out. The LTV for the £8m loan (notting hill) has gone upto 80% now! Interest is still at 12% for lenders. That's nothing, wait till it gets to 200 percent, usually after defaulting. Jaded, me?
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rs
Member of DD Central
Posts: 467
Likes: 254
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Post by rs on Feb 13, 2019 15:22:28 GMT
The LTV for the £8m loan (notting hill) has gone upto 80% now! Interest is still at 12% for lenders. That's nothing, wait till it gets to 200 percent, usually after defaulting. Jaded, me? Maybe this is another middle eastern buyer but investing in notting hill (bridging loan)!
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adrian77
Member of DD Central
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Post by adrian77 on Feb 13, 2019 19:16:35 GMT
had a quick google - even for a mere £4m you can get a fantastic house in Notting Hill although the top end of this area for sale is £15m! Hard at this moment to comment as we don't know the property
But I am really puzzled why somebody with a £9M + house needs to borrow at 20% - of course they may need the money very quickly but even so?
£8.7m at 20% is £1.74m - let us hope he has not got expensive works of art in the house!
On the plus side I guess if the Pounds slumps due to a no deal Brexit then the house will be cheaper for foreign investors
And to think this used to be a run-down area!
Not for me but an interesting one.
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