niceguy37
Member of DD Central
Posts: 504 
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Post by niceguy37 on Apr 12, 2018 9:53:34 GMT
Thanks Chris. A very efficient and speedy response!
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warn
Member of DD Central
Curmudgeon
Posts: 638
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Post by warn on Apr 12, 2018 11:01:12 GMT
I believe that they won't transfer your money to any account that you haven't previously used to add funds.
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Post by mike1963 on Apr 12, 2018 11:01:35 GMT
chris ...Sorry in advance if this has already been mentioned on one of the previous 39 pages. i find the Assetz account statements very difficult to decipher. Even with an XLS download, there are so many entries making it a chore to find/sort for specific, loan related items. The column header “narrative” doesn’t help much either, as it favours the transaction type rather than the loan to which it refers. This could be solved very easy by introducing a new column containing only the loan number. Thank you
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registerme
Member of DD Central
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Post by registerme on Apr 13, 2018 10:05:33 GMT
chris, when AC send out an email regarding a lender vote would it be possible for the email to include how much of the loan we have, and in which accounts those amounts are held?
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Post by mike1963 on Apr 13, 2018 13:22:09 GMT
chris , when AC send out an email regarding a lender vote would it be possible for the email to include how much of the loan we have, and in which accounts those amounts are held? , registerme Along the same lines...would it be possible to have a Consolidated Holdings Report? Nothing too complicated, just a list of loans held, with a few columns, one for each type of AC account and a final Consolidated column. This would make it much easier to see where exposures are held. Thank you
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dave2
Member of DD Central
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Post by dave2 on Apr 13, 2018 14:50:57 GMT
chris , when AC send out an email regarding a lender vote would it be possible for the email to include how much of the loan we have, and in which accounts those amounts are held? Would that breach confidentiality rules? Many people might prefer that their financial circumstances are kept private, rather than being sent out via insecure e-mail.
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shimself
Member of DD Central
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Post by shimself on Apr 13, 2018 15:59:49 GMT
chris , when AC send out an email regarding a lender vote would it be possible for the email to include how much of the loan we have, and in which accounts those amounts are held? Would that breach confidentiality rules? Many people might prefer that their financial circumstances are kept private, rather than being sent out via insecure e-mail. I'd much rather not have to faff about for another few minutes logging on and etc only to discover my exposure is 1p, or rather, being Assetz 0.000000001p. I think you'll find several platforms send emails with such info
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Post by mike1963 on Apr 13, 2018 16:37:31 GMT
..How about sticking to 2 decimal places and rounding loan parts to the nearest penny?
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dermot
Member of DD Central
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Post by dermot on Apr 13, 2018 17:13:37 GMT
How about a new packaged account - 4.75% 90 day notice, especially in the ISA ... that would be ideal for my pension supplementation cashflow.
Why? I'm finding that selling down in the PSIA to fund my ISA seems to be quite a bit slower than GBBA (which is often quite slow anyway), and I'd sacrifice that extra 0.75% for a bit more predictability, now I'm thinking of converting from growth to a bit of regular income.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Apr 14, 2018 10:37:43 GMT
I have challenged stuartassetzcapital some months ago when he asserted somewhere that AC lender average rates (for MLA) were still over 8%. While that may have been correct then (was it last December?) because it included all active loans, I asked for the weighted average MLA rate for the most recent twelve months, without response. While it is very good to have more dependable borrowers who deserve a lower rate (resulting in sub 10% to lenders), it was disappointing to hear Stuart, several times, on his recent podcast and discussing lower rates, go on about AC's current lenders still getting around 8%. Anyone can see that with the recent trend on AC, 8% is the maximum we are likely to be offered except in rare cases. Most loans are in the 6.5-7.5% range, with some being 5%. I'll ask again. What is the weighted average rate paid to lenders of all loans drawn down (i) over the last six months, and (b) the last twelve months? My estimate is 6.95%-7.15%. Any other offers?  (I still invest in loans with AC and have opened an IFISA for this financial year). Maybe AC could have a "running average" displayed on the MLA loan panel, and updated on a regular (weekly?) basis. |
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angrysaveruk
Member of DD Central
Say No To T.D.S
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Post by angrysaveruk on Apr 14, 2018 11:12:25 GMT
My estimate is 6.95%-7.15%. Any other offers? I would say around 7%, I have built up a highly diversified MIA portfolio over the last year and I get 7%.
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cb25
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Post by cb25 on Apr 14, 2018 13:13:03 GMT
My MLA is showing as 7.28% (haven't tried to check it). I also thought the 8% figure was b.s., seemed more like a ploy of 'you get 8% with a provision fund and if you doubt our default/recovery process you should be in the packaged accounts or give up P2P altogether' rather than trying to address lenders' issues.
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Post by Ton ⓉⓞⓃ on Apr 14, 2018 23:17:47 GMT
| MLA
| Average
| Standard
| 9.48pa
| 9.04pa | IFISA
| 7.74pa
| 7.36pa
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All figures are those from the AC Dashboard, including the Average which is at the top of the page (I don't hold the telecom 68% loan). The IFISA is new and fully funded, the Standard and IFISA are roughly the same size but clearly in different loans(<---Edit) Another suggestion is that there's a breakdown in the figures for each sector that we lend in. As a total in the MLA I've no idea how much I've invested in Property Dev's, SME's etc.
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Post by Ton ⓉⓞⓃ on Apr 15, 2018 9:51:08 GMT
Ton ⓉⓞⓃ , do your figures include non-performing / suspended loans? Because some of those have silly interest rates... also are your figures equally weighted or weighted by size of loan? Thanks, I've updated my post. The figures are the Dashboard ones not my own.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
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Post by stub8535 on Apr 16, 2018 9:32:06 GMT
I am looking to sort loans into type, sme/bridge/dfl etc, in order to make allocation of funds easier. As the filter buttons on the loan book do not work currently I suggest reinstating them as a minimum.
Further, I would like to see which loans are elligible for which automatic fund. This would allow evaluation of going overweight in a particular type of loan when assessing the loan book in the mla. It could also solve the first point as well as one could make assumptions. For instance a wind turbine is most likely to be in the green account.
These are rough sorting criteria and further detailed analysis would be needed within the grouping to decide the riskiness of a particular loan asset security, amongst other things.
Any thoughts or current ways of achieving the above please?
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