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Post by df on May 7, 2022 16:54:43 GMT
latest loan tranche 1 of a near 2million loan overall LTGDV 74.70 rating A3. KFs algorithms might need looking at.this is hardly lower risk lending I think risk band calculations, across platforms, are calculated from a number of ingredients and LT(GD)V is only one of them. I did look at the ratings when started on KUF, but not anymore, just trying to diversify across as many borrowers as possible.
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rocky1
Member of DD Central
Posts: 1,113
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Post by rocky1 on May 13, 2022 17:18:42 GMT
cmon KF latest offering 2nd charge 75%ltv with only 6.8% interest compounded.these sort of loans are very risky.you are lending on the highest valuation when the report says 90 day valuation is £200k lower with a sale likely to take 26/30 weeks.these are not the sort of loans many KF lenders signed up for and no doubt many newer lenders to p2p will dive straight in.
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Post by df on May 13, 2022 17:35:21 GMT
cmon KF latest offering 2nd charge 75%ltv with only 6.8% interest compounded.these sort of loans are very risky.you are lending on the highest valuation when the report says 90 day valuation is £200k lower with a sale likely to take 26/30 weeks.these are not the sort of loans many KF lenders signed up for and no doubt many newer lenders to p2p will dive straight in. Despite the current period of starvation, this one is not picking up fast. I've invested a small amount for the sake of diversification, but I agree, the rate doesn't match the risk.
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Post by overthehill on May 13, 2022 18:21:12 GMT
cmon KF latest offering 2nd charge 75%ltv with only 6.8% interest compounded.these sort of loans are very risky.you are lending on the highest valuation when the report says 90 day valuation is £200k lower with a sale likely to take 26/30 weeks.these are not the sort of loans many KF lenders signed up for and no doubt many newer lenders to p2p will dive straight in. Despite the current period of starvation, this one is not picking up fast. I've invested a small amount for the sake of diversification, but I agree, the rate doesn't match the risk.
Stopgap, don't know how much KF are getting out of it, not that interested, no thanks, pipeline has dried up temporarily.
All the active platforms in this forum with a couple of exceptions are hanging tough. Lender rates will be going up sooner or later or some platforms will struggle to fill loans, this is why many cosset autolend (let us look after your money while you enjoy yourself !)
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Post by overthehill on Jun 15, 2022 10:38:53 GMT
Loan availability seems to be picking up, I counted 6 yesterday, 4 of them at 6.9% compound.
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Post by uksoul on Jun 15, 2022 11:09:50 GMT
Loan availability seems to be picking up, I counted 6 yesterday, 4 of them at 6.9% compound.
Yeah, the pipeline with this platform is looking very good.
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