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Post by Ace on Mar 6, 2020 22:15:10 GMT
Does anyone know why there is an unusually high SM availability on LandlordInvest?
I've only been investing here for a year, but I haven't seen the level of availability that has been present for the last couple of weeks before. It seems much higher than the usual selling to avoid holding loans when they're due to repay.
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markyg61
Member of DD Central
Posts: 336
Likes: 236
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Post by markyg61 on Mar 7, 2020 8:44:47 GMT
One seller is responsible for about £33k out of the £46k available on the SM
Perhaps others have been spooked by it and decided to sell out too ?
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Post by bobbobbobbob on Mar 19, 2020 12:01:11 GMT
Here is my take on it.......
Pubs are effectively closed, so anything related is not great. The one we all know about is in a great (wealthy) location but taking the loan chg 1st (never tempted) on top of 2nd (exited as soon as thx to ca*** wh***f) .......... will have to wait and see..... Hotels/Guest houses/HCMO also not good as no one is going anywhere, if they are near an airport or sea port they will have less usage and less revenue so not so great. (looked but did not commit)
BTL are less affected as they have a regular income and also the %rates are comparable to other lenders, I would suggest most renters are younger and less likely to be affected by covid19, however they may also not retain employment and default to their landlord who in turn defaults on the loan - assumptions assumptions. I see longer term lets not a problem as barrier to entry to be a new landlord is now choked by taxation so existing ones have tenants waiting. The only concern is the LTV are probably way off now so liability higher than when started, especially those with London skew.
Developments are less likely to sell as no one is buying or selling, however in my opinion if they are good looking ones they will still sell; C Road is odd with all it's clauses which might make people jittery, I have a friend who lives in the area and is a great location and in demand. Patience and pragmatism is needed here.
I have personally pulled all my investments from RS p2p accounts (some of their loans are dog s*&%), I still retain those in LLInv with minor adjustments, LLInv just seem a bit more honest albeit that often refuse to allow my questions in their Q&A. If I had some spare cash I would be buying selected loans available now on the SM, won't share names as might pull something together.....
All of the above is just how I see it, interesting to know if other share or have a different take on this...
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Post by jenna on Mar 21, 2020 15:14:21 GMT
Hi bobbobbobbob . Was your RS money in the Access account? How long did it take to get released and when did you request to RYI? I put in my RYI request on the 12th and am still waiting for the funds
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rocky1
Member of DD Central
Posts: 1,113
Likes: 1,934
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Post by rocky1 on Mar 21, 2020 16:31:43 GMT
we are really putting our money in the hands of amateurs who profess to be experts in fintech.in my opinion this whlole p2p business is letting people gamble your money ,on made up LTVs to suit platform and borrowers.it reminds me of the boiler house scenario where fools and their money are easily parted.if anybody really thinks that these invisible experts will be around when you are all saying what happened there.these platforms have not got a pot to p*ss in just look CH records it sure feels like rob Peter to pay paul.sometimes it feels like we all are really in pyramid schemes with these experts in losing your money whilst living the high life can hide behind so much fintech jargon.
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Post by Ace on Mar 21, 2020 18:12:04 GMT
we are really putting our money in the hands of amateurs who profess to be experts in fintech.in my opinion this whlole p2p business is letting people gamble your money ,on made up LTVs to suit platform and borrowers.it reminds me of the boiler house scenario where fools and their money are easily parted.if anybody really thinks that these invisible experts will be around when you are all saying what happened there.these platforms have not got a pot to p*ss in just look CH records it sure feels like rob Peter to pay paul.sometimes it feels like we all are really in pyramid schemes with these experts in losing your money whilst living the high life can hide behind so much fintech jarg Amateurs indeed. You'd should stick with the professionals at Ly, FS And assetz I take your point as I'm happy with many of my P2P platforms, including LandlordInvest, but, lumping AC in with Ly and FS is a bit of a cheap shot that's unbecoming of a platform rep, even with the addition of a smiley (IMO).
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Post by Deleted on Mar 22, 2020 2:02:02 GMT
we are really putting our money in the hands of amateurs who profess to be experts in fintech.in my opinion this whlole p2p business is letting people gamble your money ,on made up LTVs to suit platform and borrowers.it reminds me of the boiler house scenario where fools and their money are easily parted.if anybody really thinks that these invisible experts will be around when you are all saying what happened there.these platforms have not got a pot to p*ss in just look CH records it sure feels like rob Peter to pay paul.sometimes it feels like we all are really in pyramid schemes with these experts in losing your money whilst living the high life can hide behind so much fintech jargon. Hi rocky1 Could you kindly confirm if you are a customer of LandlordInvest or are you just using this opportunity to slander the company? Regards, Filip
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rocky1
Member of DD Central
Posts: 1,113
Likes: 1,934
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Post by rocky1 on Mar 23, 2020 8:01:00 GMT
Filip I can confirm I am not and have not been a customer of your company.i thought I was posting on a different platform as on my iPad all you Ls are very close together.still it seemed to touch a nerve as my post is only my opinion of how I feel about many p2p platforms at the moment.i am sure you know what you are doing and good luck to you and all your lenders for the future regards.
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Post by Deleted on Mar 23, 2020 8:19:34 GMT
Filip I can confirm I am not and have not been a customer of your company.i thought I was posting on a different platform as on my iPad all you Ls are very close together.still it seemed to touch a nerve as my post is only my opinion of how I feel about many p2p platforms at the moment.i am sure you know what you are doing and good luck to you and all your lenders for the future regards. Good morning rocky1, Thank you for confirming, it is much appreciated. Regards, Filip
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Post by bobbobbobbob on Mar 24, 2020 10:40:32 GMT
Hi bobbobbobbob . Was your RS money in the Access account? How long did it take to get released and when did you request to RYI? I put in my RYI request on the 12th and am still waiting for the funds I had to chase them 3x before they would admit I had met the T&Cs. Several days later this was paid to my everyday account. I then withdraw my funds from both ISA and everyday. I almost withdrew all my funds; my 1 yr 5% was terminated early (obvious move by RS) and in the new style market funds are spread far and wide........ when trying to sell a contract less than £10 you cannot!!!! you have to wait until it expires. My advice is when you confirm T&C have been met and qualify, bump your reinvestment rate to 6% - which will never be matched, when you want to pull your cash you can simply cancel the positions.
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Post by webbski9 on Mar 30, 2020 9:01:48 GMT
Of course there is HIGH SM activity .People are losing their jobs AND the Financial Market is a bomb site . Cash is King. The problem with this platform is and always has been...its NOT a "proper " SM ....Only Ablrate has that .What I mean is on ABL you can buy/sell at a premium or discount .Its not rocket science, its how all Stock Markets work....if you are desperate to sell ,you might be prepared to accept less than par ( 100 pounds ). You have a much better chances of raising funds quickly. Stay Safe everybody .
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Post by overthehill on May 23, 2021 14:31:52 GMT
There are a number of loans available on the Secondary Market for those who have been struggling to deploy capital.
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Post by overthehill on Nov 7, 2021 13:30:09 GMT
1k senior loan available if you're quick, no it's not mine.
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Post by overthehill on Dec 1, 2021 13:32:45 GMT
7k of Kit*ers L* available. I'm already at my limit, I don't invest much in 2nd charge loans. There's been some recent secondary market activity, might be worth some DD first.
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lofty
Posts: 100
Likes: 102
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Post by lofty on Nov 18, 2022 12:25:49 GMT
I see there's a big lump available on one property. I suspect that might be there for a while as no partial sale is available. Which is a shame as I suspect there are plenty of people able to fill 20K, just not all by themselves.
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