mogish
Member of DD Central
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Post by mogish on May 20, 2021 14:08:37 GMT
gotcha.... like drawing down zopa. Thought that was the case... hoped for a minute I was getting interest risk free!
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on May 20, 2021 15:38:24 GMT
AE is a seperate entity Now. "aiui" ? You might be thinking of Assetz Property which has been sold in a management buyout. Pretty sure AE is still part of Assetz & SL empire I stand corrected. thankyou ilmoro for putting the facts straight.
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p2pfan
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Full-Time Investor
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Post by p2pfan on May 20, 2021 17:59:53 GMT
maybe Ive missed something...correct me if im wrong, if AC continue to pay me interest and no new loans are being invested into , will that not reduce the risk of defaults if the loan numbers reduce? No, quite the opposite. As good loans repay the proportion of bad loans increases. Eventually, only bad loans would be left. This is a massive worry I have with AC, in the absence of new loan launches for us retail lenders. The ratio of problematic loans is going to grow and grow, and eventually most of the loans will be toxic ones.
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mogish
Member of DD Central
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Post by mogish on May 21, 2021 7:10:54 GMT
No, quite the opposite. As good loans repay the proportion of bad loans increases. Eventually, only bad loans would be left. This is a massive worry I have with AC, in the absence of new loan launches for us retail lenders. The ratio of problematic loans is going to grow and grow, and eventually most of the loans will be toxic ones. Bit of a quandary. What's your intention? Stay or leave?
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Post by Ace on May 21, 2021 7:22:18 GMT
This is a massive worry I have with AC, in the absence of new loan launches for us retail lenders. The ratio of problematic loans is going to grow and grow, and eventually most of the loans will be toxic ones. Bit of a quandary. What's your intention? Stay or leave? I'm drawing down as payments come in. Little choice really as I think access accounts are uncompetitive at the current rates. I'll reassess if and when new retail lending starts.
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corto
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one-syllabistic
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Post by corto on May 21, 2021 8:33:09 GMT
No, quite the opposite. As good loans repay the proportion of bad loans increases. Eventually, only bad loans would be left. This is a massive worry I have with AC, in the absence of new loan launches for us retail lenders. The ratio of problematic loans is going to grow and grow, and eventually most of the loans will be toxic ones. Suspended loans are currently 30% of the loan book in value. Doubled since January 2020.
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ashtondav
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Post by ashtondav on May 21, 2021 8:33:43 GMT
It is logical that without new lending the AA will eventually contain only bad or impaired loans, but I just can’t see AC letting that happen. My spectacles have gone all rose tinted...
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corto
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one-syllabistic
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Post by corto on May 21, 2021 8:50:58 GMT
It is logical that without new lending the AA will eventually contain only bad or impaired loans, but I just can’t see AC letting that happen. My spectacles have gone all rose tinted... Sure, that would happen. Also: those 30% would probably be suspended with or without new loans. It's just that returns diminish and it's time to get the mill spinning again. People are getting impatient on this board. Funds are being moved out.
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Post by crabbyoldgit on May 21, 2021 10:35:32 GMT
We absolutely need new loans , over half of my allocated ac funds are now in the bank earning bugger all, for the lack of anything.But i will not bend my max stake per borrower to reinvest .I reckon i would need 50 loans of interest to me to get back to pre covid levels of investment.. Other peer to peer companies seem to be getting some new trade but maybe the quality is to low for ac and we for shure do not need new very risky loans at any price. With gov loans so cheap, who but the desperate turned down by the tax payer pay ac rates of interest.
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Mousey
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Post by Mousey on May 21, 2021 10:42:42 GMT
There might be a bit of chatter on the 18th June  |
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on May 21, 2021 12:23:49 GMT
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cb25
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Post by cb25 on May 21, 2021 13:46:18 GMT
SL: “Whilst we were cautious about lending at the beginning of the cycle the reason we stopped giving retail investors loans was because retail investors were panicking and wanted to withdraw their money and effectively asked us to stop originating."
Not sure blaming lenders is going to get them to bring their money back.
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Mousey
Member of DD Central
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Post by Mousey on May 21, 2021 15:12:54 GMT
Oh, I was talking about a court hearing...
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mogish
Member of DD Central
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Post by mogish on May 21, 2021 16:02:21 GMT
Hopefully new loans should dilute the dregs. Fingers crossed.
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Post by overthehill on May 21, 2021 16:09:44 GMT
Call this quiet ! Quieter would be the word for Fundingsecure and Property Partner ghost town for which I'm still waiting for my first sale to create an actual cash withdrawal somewhere near par, stamp duty is looming... Or are they ducks, all the action is going on underneath.
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