awk
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Post by awk on Feb 1, 2016 16:46:29 GMT
PBL050 "Will be relaunched as DFL 02"
Does everyone take this to mean that the original loan will be repaid (early) by some of the funds from the new loan? (and existing lenders taken out)
or could "relaunched" possibly be construed as renamed and increased?
Im fairly sure it's the former
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ben
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Post by ben on Feb 1, 2016 16:51:42 GMT
PBL050 "Will be relaunched as DFL 02" Does everyone take this to mean that the original loan will be repaid (early) by some of the funds from the new loan? (and existing lenders taken out) or could "relaunched" possibly be construed as renamed and increased? Im fairly sure it's the former I remember reading it would be the former , the initial loan payed of completed then a new one issued, sure someone with a better memory then me will know where the post is
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sam i am
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Post by sam i am on Feb 1, 2016 17:01:27 GMT
PBL050 "Will be relaunched as DFL 02" Does everyone take this to mean that the original loan will be repaid (early) by some of the funds from the new loan? (and existing lenders taken out) or could "relaunched" possibly be construed as renamed and increased? Im fairly sure it's the former SavingStream is inclined to repay existing lenders and relaunch as a new loan... p2pindependentforum.com/post/86613/thread
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agent69
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Post by agent69 on Feb 1, 2016 19:16:34 GMT
At this rate there will be more pipeline loan than actual loans! Maybe they're having a competition with AC to see who can promise the most and deliver the least?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 1, 2016 23:59:14 GMT
I don't know if I am missing something but doesn't having a pipeline leave a platform wide open to other bridging lenders beating them to the loan? And if they aren't beaten to it, should we be worried? There are like 100 bridging lenders these days (not to mention 1000's of brokers) - most at much cheaper than 18% and many aggressively looking to expand I believe SS & MT had a tussle over the Huddersfield loan, so it’s possible they all keep tabs on each other’s pipeline loans. Despite this; the system does work. Saving stream has been going since 2013 and has had a constant stream of loans, all of which were declared on the pipeline long before going live and all but one has been repaid. Furthermore 18% (remember this is the average rate, not set in stone) isn’t particular large in the bridging loan world considering the size loans that Lendy deal with. If it was a new platform, I would understand your concern, but as precedent has now been set I think there is little to be worried about!
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paulg
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Post by paulg on Feb 2, 2016 2:01:43 GMT
I don't know if I am missing something but doesn't having a pipeline leave a platform wide open to other bridging lenders beating them to the loan? And if they aren't beaten to it, should we be worried? There are like 100 bridging lenders these days (not to mention 1000's of brokers) - most at much cheaper than 18% and many aggressively looking to expand Saving stream has been going since 2013 and has had a constant stream of loans, all of which were declared on the pipeline long before going live . . . Not true. At least one or two loans last year were launched without ever being in the pipeline and without advanced warning. It was a case of buy first and read about what you'd bought later.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 2, 2016 2:15:32 GMT
Saving stream has been going since 2013 and has had a constant stream of loans, all of which were declared on the pipeline long before going live . . . Not true. At least one or two loans last year were launched without ever being in the pipeline and without advanced warning. It was a case of buy first and read about what you'd bought later. Thatnks paulg for the correction   ; How long ago did that occer; is there a thread where it was discussed that you can direct me towards (it would be nice to see the reaction of members)? Also while I'm on the subject; on the most recent newsletter there is a list of "PRE-PIPELINE LOANS" that I haven’t seen in previous newsletters; are these a new thing?
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SteveT
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Post by SteveT on Feb 2, 2016 7:57:32 GMT
I don't think they've been shared before. I presume these are sales leads / potential loans still under commercial negotiation, so solicitors have not yet been instructed.
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sam i am
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Post by sam i am on Feb 2, 2016 9:54:07 GMT
I don't think they've been shared before. I presume these are sales leads / potential loans still under commercial negotiation, so solicitors have not yet been instructed. A few months ago Savingstream changed the pipeline information so that stage 1 became 'solicitors instructed' i.e. a good chance this is going ahead. I can't remember what the earlier stages were called prior to this but it was certainly pre-solicitors (something like: quote provided, offer accepted). Of course a number of these early stage potential loans then fell away and I suspect that's why Savingstream stopped publishing them. I wonder why they are bringing them back again. Maybe to demonstrate that there's a lot going on even though we haven't had a loan launch in a while. Maybe they are more confident with these ones.
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Investor
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Post by Investor on Feb 2, 2016 11:37:49 GMT
How long before the first thread asking why oh why oh why won't savingstream set up a system to allow pre-pre-funding on the pre-pipeline list.  |
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paulg
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Post by paulg on Feb 2, 2016 13:57:29 GMT
Not true. At least one or two loans last year were launched without ever being in the pipeline and without advanced warning. It was a case of buy first and read about what you'd bought later. Thatnks paulg for the correction ; How long ago did that occer; is there a thread where it was discussed that you can direct me towards (it would be nice to see the reaction of members)? PBL035 last May was one of them. My memory tells me that wasn't the only one, but other SS investors may be able to confirm or correct me. p2pindependentforum.com/thread/2697/pbl35-live(By the way cooling_dude what are going to use for a signature when the yacht finally pays back?  )
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pom
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Post by pom on Feb 2, 2016 14:59:49 GMT
Is anyone else getting a little scared by the size of the pipeline?  Bet they all start going live in about 2 weeks time, just when I'll be less able to move money around....and I rather suspect it may get quite a bit easier to buy on the SM for a while |
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ablender
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Post by ablender on Feb 2, 2016 15:59:38 GMT
( By the way cooling_dude what are going to use for a signature when the yacht finally pays back? ) Yes, it is interesting why people would want to have 1p in a yacht and why they should say please. (Thanks for the exercise.)
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Post by spareafewcoppersguv on Feb 2, 2016 16:10:37 GMT
Is anyone else getting a little scared by the size of the pipeline? Bet they all start going live in about 2 weeks time, just when I'll be less able to move money around....and I rather suspect it may get quite a bit easier to buy on the SM for a while Not scared, as I don't anticipate needing to liquidate any holdings short term, but it is rather dramatic! I do wonder how easy it will be to fill £30M of loans if they really do release that amount in the coming month as indicated in the latest update from them. Is there that much pent up demand, even with a few of the older smaller ones due to be paying back in the same timeframe?? Who knows. Easier to buy on the SM, definitely. As easy to sell, definitely not.....
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ben
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Post by ben on Feb 2, 2016 16:15:42 GMT
I am not to bothered if cant sell on the SM as there is only about 2 loans im top heavy on and even then I am quite happy to hold on them
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