ashtondav
Member of DD Central
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Post by ashtondav on May 21, 2021 16:40:51 GMT
Jolly good news. I’ll see how things settle down and then bung ‘em a wedge...
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Post by df on May 21, 2021 18:33:03 GMT
Hopefully new loans should dilute the dregs. Fingers crossed. I'm sure new loans will be coming soon, but I suspect we are not likely to see a rapid expansion of AC's loan book.
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Post by overthehill on May 21, 2021 20:01:51 GMT
Only 7 loans, the usual suspects, out of 404 have available units in the MLA, that's the lowest I've seen. No idea what it means, I'm only familar with the shortening list as I usually check to see what's available, then withdraw my repayments !
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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
Posts: 11,315
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Post by ilmoro on May 21, 2021 23:22:30 GMT
Only 7 loans, the usual suspects, out of 404 have available units in the MLA, that's the lowest I've seen. No idea what it means, I'm only familar with the shortening list as I usually check to see what's available, then withdraw my repayments ! Availability isnt limited to those displayed but it is transient so you need to have buy orders on loans you are interested in and some funds on account. That said its bits and pieces and slow accumulation & wont match the repayment flow currently.
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jcb208
Member of DD Central
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Post by jcb208 on May 24, 2021 13:03:16 GMT
Just got the usual GBBA and GEA defaulted loans which don't seem to want to pay me back, gone over to loanpad which I hope will be less risk,time will tell
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zlb
Member of DD Central
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Post by zlb on May 25, 2021 11:35:43 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... Have AC actually acknowledged that this would happen? If they can't acknowledge it, then they won't think there is a problem to be solved.
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Post by Ace on May 25, 2021 12:58:41 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... Have AC actually acknowledged that this would happen? If they can't acknowledge it, then they won't think there is a problem to be solved. On May 21st they stated that they would restart retail lending within 2 weeks.
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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 25, 2021 13:27:56 GMT
Hopefully new borrowers, and not in house refinance.
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mogish
Member of DD Central
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Post by mogish on May 26, 2021 20:15:51 GMT
Wish they would hurry up and make an announcement.... all my funds are now sitting in cash ready to switch or stay
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p2pfan
Member of DD Central
Full-Time Investor
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Post by p2pfan on May 27, 2021 21:41:03 GMT
There are now six loans in the 'Pipeline Loans' section of the Marketplace (albeit without any documentation provided). But, with the exception of one, based on the minimal information currently available, the risk-reward ratio doesn't look particularly appetising. For instance, almost all of them are paying a mere 6% or 6.5% and with two of them that are paying 6% the LTVs are over 72%. Three of these borrowers are in sectors that are higher risk sectors in a Corona world like hotels and pubs.
It looks like AC is struggling to find decent borrowers and therefore having to scrape the very bottom of the barrel.
It appears we are being offered the lowest tier borrowers that don't qualify for the CBILS replacement scheme and at low interest rates to increase AC's revenues?
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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
Posts: 11,315
Likes: 11,523
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Post by ilmoro on May 27, 2021 23:12:15 GMT
There are now six loans in the 'Pipeline Loans' section of the Marketplace (albeit without any documentation provided). But, with the exception of one, based on the minimal information currently available, the risk-reward ratio doesn't look particularly appetising. For instance, almost all of them are paying a mere 6% or 6.5% and with two of them that are paying 6% the LTVs are over 72%. Three of these borrowers are in sectors that are higher risk sectors in a Corona world like hotels and pubs. It looks like AC is struggling to find decent borrowers and therefore having to scrape the very bottom of the barrel. It appears we are being offered the lowest tier borrowers that don't qualify for the CBILS replacement scheme and at low interest rates to increase AC's revenues? 4 of those loans are old and Id be surprised if they go ahead. The two that are new are LTV in the 50% and are a property bridging loan and a small development which is inline with their stated start to lending. They are inline with ACs previous rates for such loans.
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mogish
Member of DD Central
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Post by mogish on Jun 24, 2021 10:29:34 GMT
Even quieter now. Guess everyone has cashed up and gone to LP or elsewhere?
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p2pfan
Member of DD Central
Full-Time Investor
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Post by p2pfan on Jun 24, 2021 10:40:02 GMT
Even quieter now. Guess everyone has cashed up and gone to LP or elsewhere? Yes. AC have made it clear time and again they don't want retail lenders and are constantly trying to kick us in the teeth, so I and other people I know are focusing on LP now. Still kept my old investments in the Manual Lending account at AC.
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Post by overthehill on Jun 24, 2021 19:09:52 GMT
Only 7 loans, the usual suspects, out of 404 have available units in the MLA, that's the lowest I've seen. No idea what it means, I'm only familar with the shortening list as I usually check to see what's available, then withdraw my repayments ! Availability isnt limited to those displayed but it is transient so you need to have buy orders on loans you are interested in and some funds on account. That said its bits and pieces and slow accumulation & wont match the repayment flow currently.
How do you view these buy and sell orders active or historical ? There are basically 5 loans with permanently available units which are dropping about 1k a day. It could be a complete waste of time trying to buy if the transaction count outside of these 5 is tiny.
There is a sixth loan with £200 available if you're quick.
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corto
Member of DD Central
one-syllabistic
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Post by corto on Jun 24, 2021 22:37:53 GMT
I couldn't say the speed with which orders are filled "does work for me"
Somebody mentioned 1k, maybe as an indicator of their investment appetite?
Doesn't work for me and can't imagine it would work for the companies.
Something major must happen and it's not in the air -
- other than shut down the whole thing
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