agent69
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Post by agent69 on Mar 30, 2016 21:30:43 GMT
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)  I thought the attraction of the early BTL's was the juicy slice of cashback that came with them (3%?). Can't see the latest 3 shifting any time soon.
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happy
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Post by happy on Mar 31, 2016 7:34:29 GMT
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) I thought the attraction of the early BTL's was the juicy slice of cashback that came with them (3%?). Can't see the latest 3 shifting any time soon. As I am in diversification building phase on AC these loans are fine for a small holding in each and as I wasn't on AC to catch any CB on the previous BTLs I don't feel too hard done by buying these CB free. Personally I think the IFISA launch has put a hold on a load of money right now and this will change, even the FC sausage machine hardly filled a single loan over the easter period with 30+ available and I only sold one B loan part at discount! Not seen this behavior before.
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baz657
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Post by baz657 on Mar 31, 2016 13:01:06 GMT
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) Not forgetting #46 CCP which paid in full today.
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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 31, 2016 13:20:16 GMT
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) Not forgetting #46 CCP which paid in full today. Ha, you can picture that one in the office this morning. 'Sorry, does anybody now where we got this £86k from?'
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oldgrumpy
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Post by oldgrumpy on Mar 31, 2016 14:44:12 GMT
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) Not forgetting #46 CCP which paid in full today. Pah!! I just reinvested some of my W*k*h*m Sch. money in #46 at various times from yesterday up to 15:18 this afternoon!!! Won't get much interest on that! 
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duck
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Post by duck on Apr 1, 2016 5:50:32 GMT
Not forgetting #46 CCP which paid in full today. Pah!! I just reinvested some of my W*k*h*m Sch. money in #46 at various times from yesterday up to 15:18 this afternoon!!! Won't get much interest on that! Hey OG it wasn't credited to our accounts yesterday so all is not lost 
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sl75
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Post by sl75 on Apr 1, 2016 9:21:27 GMT
Pah!! I just reinvested some of my W*k*h*m Sch. money in #46 at various times from yesterday up to 15:18 this afternoon!!! Won't get much interest on that! Hey OG it wasn't credited to our accounts yesterday so all is not lost I see that AC still seem to be holding on to the money. I guess it was a bit too much to expect them to keep their promise that "these funds will be distributed to lenders later today"! Will AC dip into their own pockets to credit lenders with interest for the additional day that AC have chosen to delay the payment I wonder? To be fair, I think that a full repayment (and the interest rate being set to zero) should count as a "monitoring event". If people really still want to buy the loan after the interest rate has been set to zero, no reason to stop them, but I personally dumped all mine on the market after several others had already dumped some of theirs on me, using up (almost) all my available funds at the time.
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niceguy37
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Post by niceguy37 on Apr 1, 2016 9:30:01 GMT
Hey OG it wasn't credited to our accounts yesterday so all is not lost I see that AC still seem to be holding on to the money. I guess it was a bit too much to expect them to keep their promise that "these funds will be distributed to lenders later today"! Will AC dip into their own pockets to credit lenders with interest for the additional day that AC have chosen to delay the payment I wonder? To be fair, I think that a full repayment (and the interest rate being set to zero) should count as a "monitoring event". If people really still want to buy the loan after the interest rate has been set to zero, no reason to stop them, but I personally dumped all mine on the market after several others had already dumped some of theirs on me, using up (almost) all my available funds at the time. I've just been paid.
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sl75
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Post by sl75 on Apr 1, 2016 9:59:33 GMT
So do we assume that it was mere co-incidence that the full payment occurred within 6 minutes of my post, or do we assume that someone at AC towers saw my post and said "Oh @#%&! I forgot to press the button before I went home last night!" and did so there and then?
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ilmoro
Member of DD Central
'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 Apr 7, 2016 13:03:17 GMT
So #174 NL (Non) DL hasnt actually done any of the development and for some reason over the last 6 months AC didnt wonder why they hadnt had any request for money or any MS reports. No issue with the loan but odds on for an extension at term.
Sometimes it does worry me how hands off AC appear to be with some of these loans, not the first time stuff hasnt happened and AC didnt seem to be aware of it/inform lenders. Just voting on another loan where work wasnt done in timeframe expected.
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SteveT
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Post by SteveT on Apr 9, 2016 8:30:50 GMT
Stourbridge (#164) looks to have paid off about 45% last night
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jonah
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Post by jonah on Apr 9, 2016 10:09:14 GMT
Stourbridge (#164) looks to have paid off about 45% last night That explains my GBBA sale. I wondered about that...
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ilmoro
Member of DD Central
'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 Apr 11, 2016 18:48:27 GMT
#207 C-SP co suspended due monitoring event. Change in company circumstances. Interest not being paid & we accrue default rate on unpaid sums. Proposals requested for repayment. Guarantor taking steps to repay. Suspension will be lifted 14/4
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Post by crabbyoldgit on Apr 13, 2016 7:36:41 GMT
Having recieved a mysterious email from ac towers reguarding the house of h*****y i guess this is related to an upcoming loan but which one. Has any close associate of Sherlock Homes got a clue, ive tryed to work down the list but given up.  |
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Post by davidricketts1 on Apr 13, 2016 7:50:03 GMT
Having recieved a mysterious email from ac towers reguarding the house of h*****y i guess this is related to an upcoming loan but which one. Has any close associate of Sherlock Homes got a clue, ive tryed to work down the list but given up.
I can help there.
£733k SME Retail Loan in the Pipeline Loans Section.
12% Lender Rate.
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