sapphire
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Post by sapphire on Jul 3, 2020 17:39:52 GMT
When I managed to login about 3 hours ago, the Property Loan Exchange was empty. Also withdrawals said they would be available later. There are currently 3 loans available on the PLE. None of these are SIPP eligible so visible only via Classic and IFISA accounts.
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eeyore
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Post by eeyore on Aug 6, 2020 10:08:50 GMT
Liquidity on PLE now 100%!!!!!
Nothing left on the PLE - everything on offer over the last few months has found a new lender....
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IFISAcava
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Post by IFISAcava on Aug 6, 2020 10:33:02 GMT
Liquidity on PLE now 100%!!!!! Nothing left on the PLE - everything on offer over the last few months has found a new lender.... Except for the ones that they took off the PLE due to concerns regarding the loans, even those that are up to date on repayments (e.g. Ip***ch)
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eeyore
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Post by eeyore on Aug 6, 2020 13:18:55 GMT
Liquidity on PLE now 100%!!!!! Nothing left on the PLE - everything on offer over the last few months has found a new lender.... Except for the ones that they took off the PLE due to concerns regarding the loans, even those that are up to date on repayments (e.g. Ip***ch) I wasn't aware of that happening - Proplend only warn the current lenders of problems and I'm not in that particular loan. Checking the status of the loans in a portfolio is cumbersome and apparently impossible for any loan not already in my portfolio. This would be an issue if I was considering extending my portfolio to include, say, HMO loans - I'd find it impossible to check how many HMO loans were in difficulties.
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IFISAcava
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Post by IFISAcava on Aug 6, 2020 15:37:07 GMT
Except for the ones that they took off the PLE due to concerns regarding the loans, even those that are up to date on repayments (e.g. Ip***ch) I wasn't aware of that happening - Proplend only warn the current lenders of problems and I'm not in that particular loan. Checking the status of the loans in a portfolio is cumbersome and apparently impossible for any loan not already in my portfolio. This would be an issue if I was considering extending my portfolio to include, say, HMO loans - I'd find it impossible to check how many HMO loans were in difficulties. Yep, not sure one can easily get that info. PL very clear that no details of loans can be shared to non-lenders, so I am not even sure if I am breaking any agreement by letting you know that it has been taken off the PLE!
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Post by overthehill on Aug 6, 2020 19:09:21 GMT
I think they are struggling to find loans of sufficient quality and yield and they are making sure not to take on any dodgy securities given current overdue loan status. The future for retail only properties is extremely precarious and only heading in one direction. Location, tenants, overheads and a plan B for other uses are crucial.
I don't believe any of the HMO loans are excluded from the PLE, they have all been on the PLE recently. I know of only 3 loans excluded from the PLE which aren't overdue or linked to a borrower with another late loan. A number of the now overdue loans were sold on the PLE shortly before their automatic removal because many investors have confidence in the security and borrower and want to take advantage of the penalty interest. Not me but good luck!
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bababill
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Post by bababill on Aug 6, 2020 21:22:55 GMT
Liquidity on PLE now 100%!!!!! Nothing left on the PLE - everything on offer over the last few months has found a new lender.... Except for the ones that they took off the PLE due to concerns regarding the loans, even those that are up to date on repayments (e.g. Ip***ch) Ip***ch warehouse or Ip***ch retail?
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bababill
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Post by bababill on Aug 6, 2020 21:28:31 GMT
I know of only 3 loans excluded from the PLE which aren't overdue or linked to a borrower with another late loan.
Which three? Is it because the interest reserve has not been brought up to date? aka New**** Mi*** Re*** And R***
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Aug 7, 2020 6:48:32 GMT
I know of only 3 loans excluded from the PLE which aren't overdue or linked to a borrower with another late loan.
Which three? Is it because the interest reserve has not been brought up to date? aka New**** Mi*** Re*** And R*** S**** S****** is one even though interest payments have been made on time in recent months. As usual PL do not give any hint on what their concern is.
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IFISAcava
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Post by IFISAcava on Aug 7, 2020 10:03:06 GMT
Except for the ones that they took off the PLE due to concerns regarding the loans, even those that are up to date on repayments (e.g. Ip***ch) Ip***ch warehouse or Ip***ch retail? retail
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Post by overthehill on Aug 7, 2020 13:20:39 GMT
Which three? Is it because the interest reserve has not been brought up to date? aka New**** Mi*** Re*** And R*** S**** S****** is one even though interest payments have been made on time in recent months. As usual PL do not give any hint on what their concern is.
SSMR - unreliable, want borrower to refinance.
MI+PGH - interest reserve depleted
IR - tenant temporarily closed
not concerned about any of them, it's about protecting unsuspecting lenders buying into an onerous loan.
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Post by overthehill on Aug 28, 2020 18:37:41 GMT
Notwithstanding the loans which are excluded from the exchange, it is normal service resumed for past 2 weeks meaning any loan put up for sale goes quickly.
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dh1
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Post by dh1 on Sept 16, 2020 18:57:03 GMT
Quite a lot for sale at the moment...
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eeyore
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Post by eeyore on Sept 17, 2020 13:56:52 GMT
And all gone by 14:50 today! Including £60k of one loan and £15k of another (both Tranche A).
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Post by overthehill on Apr 5, 2021 7:53:21 GMT
5k of Tranche B available on the exchange for South* Residential, this loan could extend beyond the 1 month remaining. I'm a tranche A'er.
This is not advice...
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