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Post by alexp2p on Oct 1, 2020 11:58:37 GMT
Any opinions about the new loan K********* H***
which will go live tomorrow.
The valuation report is very short in comparison to loan requests
.
Does anybody see potential unexpected problems with this loan?
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Post by uksoul on Oct 1, 2020 13:23:01 GMT
Any opinions about the new loan K********* H*** which will go live tomorrow. The valuation report is very short in comparison to loan requests . Does anybody see potential unexpected problems with this loan? Seems a very solid investment with no repayment concerns.
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Post by overthehill on Oct 1, 2020 14:29:04 GMT
Not exactly a comprehensive valuation report or summary. 3 dingy photos, price comparisons were tenuous and I couldn't see where it even said how many toilets were in the place. Not saying it isn't a good loan at Tranche A but the interest rate is border line for me. I prefer the riskier higher rate Tranche A loans.
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Post by uksoul on Oct 1, 2020 15:26:23 GMT
Not exactly a comprehensive valuation report or summary. 3 dingy photos, price comparisons were tenuous and I couldn't see where it even said how many toilets were in the place. Not saying it isn't a good loan at Tranche A but the interest rate is border line for me. I prefer the riskier higher rate Tranche A loans.
The property has a HMO license for 8 rooms. In line with HMO licensing if there are fve or more occupiers there must be one toilet with wash hand basin separate from the main bathroom for every fve sharing occupiers.The property owned by a CEO of a global firm so . highly unlikely to breach HMO ruling or sub par facilities. All rooms let to local proffesionals on 12mth contracts which suggests they are happy with the loo allotment.
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eeyore
Member of DD Central
Posts: 744 
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Post by eeyore on Oct 2, 2020 14:10:53 GMT
This loan has proved popular: all of TrancheA had gone when I checked 3 minutes after it went live, with only £8k of TrancheB still available, which all went in less than three hours.
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bababill
Member of DD Central
Posts: 525
Likes: 243
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Post by bababill on Oct 2, 2020 21:56:41 GMT
maximum allocation 2k i think.
would of liked to get some of tranche B.. Didn't think it would be possible to secure any......would of tried if there was an autoinvest function for Tranche B.
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Post by uksoul on Oct 2, 2020 23:22:35 GMT
maximum allocation 2k i think. would of liked to get some of tranche B.. Didn't think it would be possible to secure any......would of tried if there was an autoinvest function for Tranche B. Tranche B sometimes takes 'awhile' to go especially with the approx 85K on offer in this loan. I managed to get a slice of B when it had 8k left. I expect the other Tranche B's in current pending loans to go much quicker than this one.
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eeyore
Member of DD Central
Posts: 744
Likes: 734
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Post by eeyore on Jan 5, 2024 11:46:49 GMT
This loan has repaid today and the new refinance loan Kiddermister M*** U*** has drawn down. Penalty interest for 74 days (£6.85/£1000 TrancheA) has been paid.
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