bababill
Member of DD Central
Posts: 525 
Likes: 243
|
Post by bababill on Aug 24, 2021 21:57:25 GMT
Loan rates have been on a downward trend for the last 18 months, 0.5-1% maybe, it's testing investors' confidence, appetite and So I expect PL's rates to slowly improve.. On July 21 2021 the director and founder said the opposite. See 69.12 minute mark " but I think um i think if we could sort of edge a little bit lower what it would allow us to do is to win more of the existing loan.." www.youtube.com/watch?v=YHdlZStt5Ks&t=3906s
|
|
|
|
Post by overthehill on Aug 25, 2021 8:41:59 GMT
Loan rates have been on a downward trend for the last 18 months, 0.5-1% maybe, it's testing investors' confidence, appetite and So I expect PL's rates to slowly improve.. On July 21 2021 the director and founder said the opposite. See 69.12 minute mark " but I think um i think if we could sort of edge a little bit lower what it would allow us to do is to win more of the existing loan.." www.youtube.com/watch?v=YHdlZStt5Ks&t=3906sI was tying improvements in the PL rates to interest rate rises not their internal policy, I wasn't explicit enough. Their rates have been edging lower for a while but so have interest rates. All the refinance loans are lower rates but I suppose that could be attributed to an improved credit rating. The rates are still good value compared to development loans at 6%-7% with higher risk and LTV.
|
|
