elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
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Post by elliotn on Dec 12, 2016 12:31:00 GMT
The Notorious P.B.L. 52, no home for btl has beens  |
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Post by martin44 on Dec 12, 2016 16:30:08 GMT
Are you sure it not just the address? edit. <Yawn>.. rubs eyes.. Oh no it hasn't.. fell for it again, :- Well it is early in the morning  I've been hanging around waiting for a decent SS loan for so long that i'm now making my own pbl no's up. you're right it was the address number, not the first time I've fell for that.... Doh. 
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toffeeboy
Member of DD Central
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Post by toffeeboy on Dec 13, 2016 12:33:39 GMT
I am sure like me everyone reads all of the threads but just in case the above was a post from SS on this thread.
Hopefully it gets a bit busier shortly but I am guessing most will be lower interest rates now SS have started dropping the rates
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twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
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Post by twoheads on Dec 13, 2016 14:40:28 GMT
I am sure like me everyone reads all of the threads but just in case the above was a post from SS on this thread. Correction to thread link.
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Post by thetreasurer on Dec 14, 2016 11:01:56 GMT
Hi I received this in answer to an email re the farmhouse and potential to live before "Winterfest" - "The B******** F*** loan is currently in legals, if all the legals are completed then we are expecting for the loan to go live before Christmas, subject to the borrower and security meeting the lending criteria." ..and 12% HOORAH! I can't wait to get my hands on the alloted £14.75 having pre-funded £2,500!
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n
Member of DD Central
Yet another Nick
Posts: 882
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Post by n on Dec 14, 2016 11:33:19 GMT
I think maybe nearer £982.12 |
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Dec 14, 2016 13:15:24 GMT
Lots of new pipeline loans ... None of which are 12%  |
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Post by Deleted on Dec 14, 2016 13:16:43 GMT
Lots of new pipeline loans Woah, feeling a touch overwhelmed .....
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Dec 14, 2016 13:21:01 GMT
That Castle has popped up many times in my DD for some many FS loans...
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locutus
Member of DD Central
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Post by locutus on Dec 14, 2016 13:45:46 GMT
Lots of new pipeline loans ... None of which are 12% No new money from me then. The risk profile hasn't improved and these are being priced for lender demand. There are better options on other platforms.
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dovap
Member of DD Central
Posts: 467
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Post by dovap on Dec 14, 2016 13:55:10 GMT
That Castle has popped up many times in my DD for some many FS loans... to be fair it's a nice looking castle no takers in 2 yrs perhaps not the hideaway celebs are looking for (and other such guff in various press pieces) looks like default zero prefund will be untroubled and likewise with yet more student digs from p2p's favourite busy builder
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am
Posts: 1,495
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Post by am on Dec 14, 2016 14:05:18 GMT
Lots of new pipeline loans ... None of which are 12% At first glance the Bradford and Gainsborough loans look the best of them. But the Bradford loan is to a borrower with several loans at MT and SS, so there are diversification issues, and as the SS loans are cross-collateralised one might prefer to buy one of the other loans on the SM at 12% rather than this at 11%. I'm assuming that there will be additional tranches and that the headline LTV is misleading. The rate of Gainsborough is low, but so is the LTV, and at first sight it looks as if the property should progress smoothly to development. The Ebbw Vale site looks better than the last Valleys property, but at 9% I would want to take a good look at the exit strategy. I don't trust valuations of expensive residential property (Suffolk). The Welsh "Castle" requires a closer read of the documentation (and a search of the FS board?)
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am
Posts: 1,495
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Post by am on Dec 14, 2016 14:28:45 GMT
My attempt (forum search) to find discussion of the Welsh "castle" on the FS board failed. Anyone recommend any threads?
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Dec 14, 2016 14:35:29 GMT
My attempt (forum search) to find discussion of the Welsh "castle" on the FS board failed. Anyone recommend any threads? 2069546549, 2726405440, 3050213967, 1197528220, 5257926445, 3057909038, 2009515053 All the same borrower
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mack
Posts: 85
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Post by mack on Dec 14, 2016 15:08:30 GMT
So basically same type of loans, same type of risk but knock 1% off.
Maybe if they want more loans they should take the hit rather than transferring the risk to me seeing as they have had and always will have 0% risk.
No way investing at 11%, off somewhere else.
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