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Post by greatboo on Mar 31, 2022 9:14:33 GMT
According to Nationwide, UK house price growth in the year to March 2022 was 14.3% www.bbc.co.uk/news/business-60938262I wonder if there's any risk of this feeding through to our Property Partner properties and reducing some of the losses? |
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Post by overthehill on Mar 31, 2022 9:52:54 GMT
According to Nationwide, UK house price growth in the year to March 2022 was 14.3% www.bbc.co.uk/news/business-60938262I wonder if there's any risk of this feeding through to our Property Partner properties and reducing some of the losses?
zero risk of improvement. The secondary market discounts have given their verdict on the matter.
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p2pfan
Member of DD Central
Full-Time Investor
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Post by p2pfan on Mar 31, 2022 10:01:31 GMT
According to Nationwide, UK house price growth in the year to March 2022 was 14.3% www.bbc.co.uk/news/business-60938262I wonder if there's any risk of this feeding through to our Property Partner properties and reducing some of the losses? Not only your nelly. P2P borrowers and their allies (the platforms) will always, always, always have an armful of excuses why they can't/won't pay lenders. With how house prices having skyrocketed in value over a very long time now, the government's stamp duty holiday period etc. etc., you would think lenders would have been enjoying extra, bonus returns from borrowers. Instead, all we here is one excuse after another for borrowers not paying at all or delaying payments, as had been the case from these type of people for decades.
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Post by overthehill on Mar 31, 2022 16:00:18 GMT
As it happens the quarterly update was out today and it was the rosiest news for about 3 years. My portfolio value has started reversing uphill. The increase in value of some of the properties with the largest discounts has created some eye watering new discount values for when the market re-opens, as low as 44.70% discount against current valuation.
If you are tempted to dive in just be aware than a number of properties are 'cladding' victims, read the recent update first which lists all seven.
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