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Post by overthehill on Jun 16, 2021 8:46:02 GMT
Horw* - 16jun2021
One of my checks for every property CP or otherwise, worst long term flooding risk I've seen in a while, three pronged. Was going to invest but not now, might explain the slightly higher interest rate.
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Post by overthehill on Jun 22, 2021 9:44:13 GMT
Gains* - 22jun2021. Hmm, river views. tbh I didn't go any further than the govt website, an interesting long term flooding rating, not the way you'd expect though. Didn't check the ground height relative to the water. Not for me, too big and too wet. CP have a fat pipeline so plenty of choice.
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p2pfan
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Full-Time Investor
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Post by p2pfan on Jun 22, 2021 13:03:25 GMT
Gains* - 22jun2021. Hmm, river views. tbh I didn't go any further than the govt website, an interesting long term flooding rating, not the way you'd expect though. Didn't check the ground height relative to the water. Not for me, too big and too wet. CP have a fat pipeline so plenty of choice. Thank you for drawing your attention to this key factor. In terms of today's loan: "Very low risk" for "Rivers and the sea". "High risk" for "Surface water" @ the long term flood risk website. It's a pity CP do not share the relevant valuation reports etc., as other platforms do, where the risk assessment for flooding would have been shared. In terms of flood risk, how risky do you believe this development might be?
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Post by overthehill on Jun 22, 2021 16:41:54 GMT
Gains* - 22jun2021. Hmm, river views. tbh I didn't go any further than the govt website, an interesting long term flooding rating, not the way you'd expect though. Didn't check the ground height relative to the water. Not for me, too big and too wet. CP have a fat pipeline so plenty of choice. Thank you for drawing your attention to this key factor. In terms of today's loan: "Very low risk" for "Rivers and the sea". "High risk" for "Surface water" @ the long term flood risk website. It's a pity CP do not share the relevant valuation reports etc., as other platforms do, where the risk assessment for flooding would have been shared. In terms of flood risk, how risky do you believe this development might be?
Not qualified to give an opinion on the viability of the development. I have my own criteria, long term flooding risk is one of them even though it would be unlucky to affect the development before we get repaid. It's also a former industrial site.
CP will give you the valuation document if you ask, not sure about the legal document. They obviously don't want to distribute these documents to negate any malicious endeavours and feel they are more qualified to assess them than investors which is probably true but hardly the point.
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Post by overthehill on Jun 23, 2021 13:01:04 GMT
Prest* - 23jun2021
These houses are being advertised already. Only one missing is the large plot which is going to have to be around 1.5 Mil to match the GDV given by CP, it is a larger plot. I don't see anything like these prices 1.1->1.5 Mil. in that road. What is it they say about buying houses, always buy the cheapest house in the street not the dearest ! I'm in this one.
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Post by multiaccountmanager on Jun 26, 2021 9:51:33 GMT
I see the Halsall loan has the same developer as Abergele !!
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Post by overthehill on Jun 26, 2021 12:04:30 GMT
I see the Halsall loan has the same developer as Abergele !! thank you. I was about to cancel pledges on loans which were supposed to start weeks ago to invest in the new loans this week. This is one loan I won't be investing in.
I don't know what is behind the start delays but CP need to either communicate or fix the issue, it has reached the point of a trend has it not. While I applaud them not starting loans until everything is spot on, there is obviously an issue which can be dealt with better than currently. It makes a mockery of the advertised returns if your cash is sitting earning no interest for such long periods, more so for the shorter loans.
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ton27
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Post by ton27 on Jun 29, 2021 9:29:57 GMT
In spite of any possible concerns re Halsall it went very quickly in spite of its size but the percentage via Autoinvest was high as I got 20%. For "Windmill" which was a similar size and also went very quickly I got 12.7% and for Cagefield Rd (all filled by Autopledge) but much smaller I got 4.7%. It seems clear that CP have no trouble filling loans and the small loan tomorrow (£212k) is already "full" at a 7% interest rate.
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Post by overthehill on Jun 29, 2021 9:55:30 GMT
hal* - 29jun2021. CP can tart it up any which way they want. You feel invincible when you're riding that wave until you fall off. FS investors know exactly what he did. No.
brent* - 29jun2021. too many warning signs. No.
roch* - 29jun2021. all autoinvest so didn't read it.
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p2pfan
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Post by p2pfan on Jun 29, 2021 10:33:03 GMT
What are the issues behind the Halsall borrower that everyone is referring to please?
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Jun 29, 2021 12:18:44 GMT
What are the issues behind the Halsall borrower that everyone is referring to please? I've PM'd you, because posting it here may break forum rules.
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qwakuk
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Post by qwakuk on Jun 29, 2021 13:34:34 GMT
What are the issues behind the Halsall borrower that everyone is referring to please? I've PM'd you, because posting it here may break forum rules. Could I get the same info please ?
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,422
Likes: 1,200
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Post by sqh on Jun 29, 2021 14:16:45 GMT
I've PM'd you, because posting it here may break forum rules. Could I get the same info please ? Added as a participant. Does it work?
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Jun 29, 2021 14:22:55 GMT
Could I get the same info please ? Added as a participant. Does it work? My i have same info please. Thankyou.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,422
Likes: 1,200
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Post by sqh on Jun 29, 2021 14:36:47 GMT
Added as a participant. Does it work? My i have same info please. Thankyou. Added.
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