cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
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Post by cooling_dude on Jan 25, 2017 12:28:42 GMT
New pipeline
PBL - M*******, B**********
Security : £460,000
Loan : £322,000
Rate : 8%
LTV : 70%
Term : 6 days (think that might be a mistake...) 183 days
And DFL009 - Tranche 4 (£200,186)
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dandy
Posts: 427
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Post by dandy on Jan 25, 2017 12:35:20 GMT
New pipeline PBL - M*******, B********** Security : £460,000 Loan : £322,000 Rate : 8% LTV : 70% Term : 6 days (think that might be a mistake...) And DFL009 - Tranche 4 (£200,186) guess the mini bonds are rolling in ... weeeee
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Jeepers
Member of DD Central
Posts: 818
Likes: 721
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Post by Jeepers on Jan 25, 2017 13:13:36 GMT
If 8% is the new norm I'll be rolling out.
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Post by dualinvestor on Jan 25, 2017 15:09:19 GMT
If 8% is the new norm I'll be rolling out. Unfortunately (for us) savingstream will not miss you as they have, literally 1000s of new registrants every month to replace you willing to take 8%.
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lofty
Posts: 101
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Post by lofty on Jan 25, 2017 15:21:42 GMT
New pbl-M******n, B********h. The borrower is described as having experience in maintaining a large garden centre...
Run for the hills...
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toffeeboy
Member of DD Central
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Post by toffeeboy on Jan 25, 2017 15:40:59 GMT
New pbl-M******n, B********h. The borrower is described as having experience in maintaining a large garden centre... Run for the hills... Noticed that part, seems to be a jack of all trades including experienced blacksmith interestingly.
Another 8% one though although slightly more secure than that last one, very small again so I am sure the allocation won't be much at all.
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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 Jan 25, 2017 15:44:19 GMT
New pbl-M******n, B********h. The borrower is described as having experience in maintaining a large garden centre... Run for the hills... Noticed that part, seems to be a jack of all trades including experienced blacksmith interestingly.
Another 8% one though although slightly more secure than that last one, very small again so I am sure the allocation won't be much at all.
I think lofty 's message is tongue in cheek (remembering the defaulted loan is a garden centre). However, our borrower has no connection to this garden centre AFAICS! However, considering the borrower has been done for VAT fraud (c2014) makes me think this is not the best looking 8% loan out there....
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Jeepers
Member of DD Central
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Post by Jeepers on Jan 25, 2017 15:49:33 GMT
The only way SS can attract lender demand at 8% is to continue with 'not a penny lost' so they will need to make sure all the 12% loans are fully repaid otherwise nobody will take a risk at 8%.
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r1200gs
Member of DD Central
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Post by r1200gs on Jan 25, 2017 15:59:44 GMT
The only way SS can attract lender demand at 8% is to continue with 'not a penny lost' so they will need to make sure all the 12% loans are fully repaid otherwise nobody will take a risk at 8%. And they can't make sure that nobody loses a penny.
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Jeepers
Member of DD Central
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Post by Jeepers on Jan 25, 2017 19:52:32 GMT
Of course they can't. But if they don't cover any shortfall and confidence is knocked, 8% just won't cut it IMO. Yes, people will lend at 8% whilst things are rosey but when the losses come through, people will be far less willing to take a risk for an 8% return.
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hazellend
Member of DD Central
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Post by hazellend on Jan 25, 2017 20:16:54 GMT
Of course they can't. But if they don't cover any shortfall and confidence is knocked, 8% just won't cut it IMO. Yes, people will lend at 8% whilst things are rosey but when the losses come through, people will be far less willing to take a risk for an 8% return. Hmm not sure about that. People are willing to invest in equities which return 5-7% on average with a risk of 50% drop in value an ever present possibility.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
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Post by ozboy on Jan 25, 2017 21:28:14 GMT
Lots of housewives and others with "pin money" and no real idea of the risks piling in now of course, makes it difficult for us early adopters to maintain our much accustomed 12%!
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mikes1531
Member of DD Central
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Post by mikes1531 on Jan 25, 2017 22:32:53 GMT
Of course they can't. But if they don't cover any shortfall and confidence is knocked, 8% just won't cut it IMO. Yes, people will lend at 8% whilst things are rosey but when the losses come through, people will be far less willing to take a risk for an 8% return. Hmm not sure about that. People are willing to invest in equities which return 5-7% on average with a risk of 50% drop in value an ever present possibility. : Yes, but... Isn't that 5-7% average return after all the losses are included? IMHO, it would be difficult, if not impossible, for a portfolio of 8% P2P loans of the quality that SS are serving up to return 5-7% after bad debt. Unless, of course, the PF trustees decide to use the PF more for the 8% loans than for the 12% loans. Which, of course, is a possibility since we haven't any clue yet how the PF will perform. (Unlike equities, there is no upside on P2P loans -- think of Amazon, Apple, etc., etc.)
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am
Posts: 1,495
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Post by am on Jan 25, 2017 23:29:55 GMT
New pbl-M******n, B********h. The borrower is described as having experience in maintaining a large garden centre... Run for the hills... Noticed that part, seems to be a jack of all trades including experienced blacksmith interestingly.
Another 8% one though although slightly more secure than that last one, very small again so I am sure the allocation won't be much at all.
I can't see this loan repaying in 6 months - the borrower has to shepherd it through planning and then negotiate a refinance. The VR mentions a distinct possibility that asbestos is present. The land immediately to the east appears to have planning permission for a farm scale solar photovoltaic power plant. I haven't found any evidence that any panels have yet been installed, but they are press reports about disputes about the use of the community grant made by the developer, so the project does seem to be going ahead. Does thing make planning for holiday lodges more or less likely? Does anyone want to be a holiday lodge next to a field of solar panels?
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GeorgeT
Member of DD Central
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Post by GeorgeT on Jan 26, 2017 9:31:48 GMT
Lots of housewives and others with "pin money" and no real idea of the risks piling in now of course, makes it difficult for us early adopters to maintain our much accustomed 12%! today we have a new 12% loan tranche going live on the rather questionable Norfolk Project, Formerly part of that small hotel chain which specialised in shall we say the lower end of the market. 12% is available but don't get excited on your pre funding because I have already done some calculations and there will only be a £90 allocation for each investor.. today is a day when all the action worth having is taking place over the road on MT. I will be standing by on the dot as always. I am having no further dealings with FS but I am now progressing with ABL rate because I have to say that saving streams days of good Returns are history and as the existing 12% loans expire the replacement fodder will only suit your casual Building Society saver who wants a bit more interest.
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