tonyr
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Post by tonyr on Mar 9, 2016 7:53:45 GMT
For some reason there are quite a few parts of quite a lot of loans. Someone doing some fairly serious spring cleaning? Maybe people could see that the £6m loan at 12% (#227) was going to disappear soon (my guess is that it'll finally go today) and so were now feeling confident enough to buy into it.
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kermie
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Post by kermie on Mar 9, 2016 13:31:28 GMT
I don't recall ever seeing quite so much available; currently 26 loans with parts available.
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Post by bluechip on Mar 9, 2016 16:47:12 GMT
FS, MT, SS all have bits available as I type and between them and Assetz there is a lot in the pipeline. People also holding back funds for ISA time, there could be a few opportunities to pick up some nice deals. Certainly makes a pleasant change from the slow start to the year.
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Post by lynnanthony on Mar 10, 2016 2:10:16 GMT
... Certainly makes a pleasant change from the slow start to the year. The downside is a reduction of liquidity at the moment. If you need to take some cash out, there are currently quite a lot of loans (especially recent ones) that you are "stuck" in. Short term I'm sure.
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agent69
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Post by agent69 on Mar 15, 2016 18:15:11 GMT
143 about to refinance. That's going to leave a lot of cash sloshing around the system.
Maybe need to up the QAA limit to about £12mil.
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sl75
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Post by sl75 on Mar 15, 2016 20:45:59 GMT
143 about to refinance. That's going to leave a lot of cash sloshing around the system. Maybe need to up the QAA limit to about £12mil. As I recall, the vast majority of that loan went to a single investor (which caused a certain amount of consternation at the time from people who'd avoided bidding on the original auction, assuming that such a large loan would be readily available on the SM after drawdown - a tactic that possibly contributed to AC's decision to scrap the PM for retail investors). As such, the effect on the QAA would seem likely to be only similar to a much smaller loan repaying... although it would seem almost entirely dependent on what this single investor does with their share of the repayment.
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jonah
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Post by jonah on Mar 15, 2016 20:49:30 GMT
As the QAA has a limit per investor, if this had, say, 1m held by an investor, then the QAA impact would be minimised.
That said, there are a lot of parts on offer right now to reinvest in.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 30, 2016 15:31:55 GMT
#172 the school has been recovered & repaid in full. Another excellent result for AC in a difficult situation Well done andrewholgate & team |
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SteveT
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Post by SteveT on Mar 30, 2016 15:47:32 GMT
Excellent work all round from the AC team. A textbook recovery, greatly helped by having strong security upfront at good LTV.
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happy
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Post by happy on Mar 30, 2016 16:57:03 GMT
Hi, did anyone ask for and get anything on loans 247, 248 & 249, Lxxxxxxxx BTL 1-3? I had a small invest instruction on each of them and they are now showing on the live loans list with my invest instruction not fulfilled. I.E. I got nothing!
Anyone ever seen this before? Thx
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 30, 2016 17:23:54 GMT
Hi, did anyone ask for and get anything on loans 247, 248 & 249, Lxxxxxxxx BTL 1-3? I had a small invest instruction on each of them and they are now showing on the live loans list with my invest instruction not fulfilled. I.E. I got nothing! Anyone ever seen this before? Thx Assume you have cash available and order isnt paused?
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happy
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Post by happy on Mar 30, 2016 17:30:22 GMT
Hi, did anyone ask for and get anything on loans 247, 248 & 249, Lxxxxxxxx BTL 1-3? I had a small invest instruction on each of them and they are now showing on the live loans list with my invest instruction not fulfilled. I.E. I got nothing! Anyone ever seen this before? Thx Assume you have cash available and order isnt paused? Just went to check on your Paused theory and the loan instructions have been fulfilled. Looks like a delay in the AC machine somewhere. Thx
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agent69
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Post by agent69 on Mar 30, 2016 18:27:47 GMT
Assume you have cash available and order isnt paused? Just went to check on your Paused theory and the loan instructions have been fulfilled. Looks like a delay in the AC machine somewhere. Thx The 3 loans between them are about £180k, with about £170k currently on the SM. No probs if you want a bit more.
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jonah
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Post by jonah on Mar 30, 2016 19:35:44 GMT
Firstly well done to AC on another loan closed successfully.
Moving to the future though am I the only one worried about the take up rate of new loans?
taking the highest numbered loans first, there is 75%, 85%, 90%, 90%, 80%, 30%, 60%, 30%, 25% currently on sale. Ok, the next loan has 0% but that is quite a run.
Great for diversification I admit, but somewhat concerning?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 30, 2016 20:39:22 GMT
Just went to check on your Paused theory and the loan instructions have been fulfilled. Looks like a delay in the AC machine somewhere. Thx The 3 loans between them are about £180k, with about £170k currently on the SM. No probs if you want a bit more. Dont hang about though. When (if) #6 repays next week, there will undoubtably be a stampede by the lenders in that loan to reinvest in the new BTL's and earn an extra .5% interest (assuming they arent tempted by #204 & its lower LTV) 
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