merlin
Minor shareholder in Assetz and many other companies.
Posts: 902 
Likes: 302
|
Post by merlin on Dec 2, 2014 13:44:40 GMT
Looks like at least one of the pipeline loans due "about 20th October" has vanished or is it two with a new one featured?
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Dec 2, 2014 14:07:01 GMT
Looks like at least one of the pipeline loans due "about 20th October" has vanished or is it two with a new one featured? 20 November I think, Merlin. They've both disappeared so either they are about to go live this afternoon or the rate SS charge their borrowers is too high and they've been undercut. Or SS have HNW lenders prepared to take those smaller loans without the hassle of putting them on the site openly. I've been selling older loans in preparation for those two!  Small loans easily sellable. edit: Looks like Southsea and Fareham have gone, then. No expectation of that following last Friday's SS update 
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,806
Likes: 3,237
|
Post by jonno on Dec 2, 2014 14:24:27 GMT
Looks like at least one of the pipeline loans due "about 20th October" has vanished or is it two with a new one featured? 20 November I think, Merlin. They've both disappeared so either they are about to go live this afternoon or the rate SS charge their borrowers is too high and they've been undercut. Or SS have HNW lenders prepared to take those smaller loans without the hassle of putting them on the site openly. I've been selling older loans in preparation for those two! Small loans easily sellable. I really hope it's not the latter for two reasons. Firstly it would unfairly raise expectations leading investors to take exactly the same type of action as yourself (whereas we understand and accept the risk of a loan not progressing under "normal" circumstances). Secondly, and more worryingly it would smack of a change in policy too similar to Assetz Capital for comfort
|
|
merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
Likes: 302
|
Post by merlin on Dec 2, 2014 17:40:29 GMT
20 November I think, Merlin. They've both disappeared so either they are about to go live this afternoon or the rate SS charge their borrowers is too high and they've been undercut. Or SS have HNW lenders prepared to take those smaller loans without the hassle of putting them on the site openly. I've been selling older loans in preparation for those two! Small loans easily sellable. I really hope it's not the latter for two reasons. Firstly it would unfairly raise expectations leading investors to take exactly the same type of action as yourself (whereas we understand and accept the risk of a loan not progressing under "normal" circumstances). Secondly, and more worryingly it would smack of a change in policy too similar to Assetz Capital for comfort I for one hope they don't go down the AC route with loan policy! If they were also to play "silly whatsits" with their beautifully simple system it would be a case of out with the sackcloth and ashes all round I would think..
|
|
|
|
Post by savingstream on Dec 2, 2014 18:25:17 GMT
As investors have noticed, we have cancelled two of the pipeline loans, the borrower was messing us around and trying to get us to lower our interest rate, so we simply withdrew our offer of finance.
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Dec 2, 2014 18:53:29 GMT
We'll keep our eyes open for their attempt(s) to get finance on other platforms. Your post seems to say it was one borrower/two loans.
|
|
star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
|
Post by star dust on Dec 3, 2014 16:45:11 GMT
Seven loans in the pipeline now ranging from £140k to £1.3 million - LTVs 21-70%. Stages 3&4.
No sign of Wednesday's expected 'go-live' for existing loans though, or payout for PBL 01. Hopefully something will materialise soon.
|
|
Small loans easily sellable.
