Greenwood2
Member of DD Central
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Post by Greenwood2 on Jan 24, 2022 6:55:41 GMT
Two loans yesterday evening? Or was I just late getting the email? They were gone by the time I looked anyway. I think it's the first time I've seen new loans on a weekend.
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Post by overthehill on Feb 1, 2022 14:33:58 GMT
A lot of downward pressure on rates at SoMo. I saw a 1st charge loan at 3.6% and a 2nd charge at 6.5%, no thanks. That means UK P2P lending is booming and/or investor demand is outstripping supply. Institutional lending probably has its downsides and isn't a given transition for every successful P2P company and therefore not likely to supplant retail lending anytime soon. It does create growth space for new and existing P2P. A few court judgements and falls into administration could change that of course.
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Post by multiaccountmanager on Feb 10, 2022 9:53:26 GMT
A lot of downward pressure on rates at SoMo. I saw a 1st charge loan at 3.6% and a 2nd charge at 6.5%, no thanks. That means UK P2P lending is booming and/or investor demand is outstripping supply. Institutional lending probably has its downsides and isn't a given transition for every successful P2P company and therefore not likely to supplant retail lending anytime soon. It does create growth space for new and existing P2P. A few court judgements and falls into administration could change that of course.
But what were the LTVs
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Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
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Post by Greenwood2 on Feb 10, 2022 14:02:39 GMT
A lot of downward pressure on rates at SoMo. I saw a 1st charge loan at 3.6% and a 2nd charge at 6.5%, no thanks. That means UK P2P lending is booming and/or investor demand is outstripping supply. Institutional lending probably has its downsides and isn't a given transition for every successful P2P company and therefore not likely to supplant retail lending anytime soon. It does create growth space for new and existing P2P. A few court judgements and falls into administration could change that of course.
But what were the LTVs And are those Standard or Family rates? I think the 3.6% must have been standard rate, if so Family rate was probably about 1% higher.
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