Post by Ace on May 8, 2020 16:39:42 GMT
Does anyone understand the Loan Breakdown table in CrowdProperty factsheets?
I find them very confusing, so I was going to email their CS with some questions, but I'm not sure where to start. Perhaps I'm just being thick, so here's an example of mine from the loan that had a partial repayment today (Orc***d House).
LOAN BREAKDOWN
Having given this some more thought whilst writing this post, I do think it has become clearer, but some odd points still remain.
1) Should the "Initial Loan" say "Remaining Loan"?
2) Should the Length column be the number of days between payments? (because it isn't. It varies by up to 6 days according to the payment dates further down the page).
3) What does the Interest Remaining column represent?
4) Perhaps an Applicable Date column would help.
Tagging CrowdProperty Representative for comment.
I find them very confusing, so I was going to email their CS with some questions, but I'm not sure where to start. Perhaps I'm just being thick, so here's an example of mine from the loan that had a partial repayment today (Orc***d House).
LOAN BREAKDOWN
| Tranche | Interest Rate | Length | Capital Outstanding at start | Capital Repaid | Interest Paid | Interest Remaining |
| Partial Payback | 8% | 221 Days | £251.36 | £20.71 | £1.00 | £11.17 |
| Partial Payback | 8% | 23 Days | £230.65 | £60.40 | £3.23 | £0.00 |
| Partial Payback | 8% | 33 Days | £170.25 | £37.49 | £2.28 | £0.00 |
| Partial Payback | 8% | 18 Days | £132.76 | £50.11 | £3.25 | £0.00 |
| Partial Payback | 8% | 39 Days | £82.63 | £19.09 | £1.40 | £0.00 |
| Initial Loan | 8% | 63 Days | £63.56 | £0.00 | | £12.05 |
Having given this some more thought whilst writing this post, I do think it has become clearer, but some odd points still remain.
1) Should the "Initial Loan" say "Remaining Loan"?
2) Should the Length column be the number of days between payments? (because it isn't. It varies by up to 6 days according to the payment dates further down the page).
3) What does the Interest Remaining column represent?
4) Perhaps an Applicable Date column would help.
Tagging CrowdProperty Representative for comment.
