p2pfan
Member of DD Central
Full-Time Investor
Posts: 781
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Post by p2pfan on Jul 24, 2019 15:46:05 GMT
I'm curious to know to what extent one can end up holding the same loans if they invest in GBBA2, the Delayed Access Accounts and the Property Secured Account?
It seems like many or even most loans are classified so they sit in all the various loan types? Therefore it's a common experience for one to hold the same loan multiple times through the different loan models?
As I've been led to believe GBBA2 loans must be property backed anyhow so wouldn't most of them be the same as the Property Secured Account loans?
Thanks.
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Jul 27, 2019 8:52:24 GMT
Yes there are large overlaps, so this needs to be considered,
spreading money across all the account types doesn't really gain you diversity.
QAA, 30DA and 90DA have the same 515 loans out of 523 live loans on the platform. Also worth noting that the largest holding across all the access accounts is in a £7.4m Suspended loan!
Look at these two website pages
Rough estimate...
Currently 230 loans classed as Commercial Mortgage so presumably eligible for GBBA2 ? 237 loans are Property development, bridging or buy to let, so PSA eligible, in addition to those 230 commerical mortgages? (subject to LTV criteria)
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