Greenwood2
Member of DD Central
Posts: 4,245
Likes: 2,689
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Post by Greenwood2 on Aug 21, 2023 10:26:52 GMT
Well, there are a couple of loans (2603 and 2591) on the secondary market going for a 10% discount at the moment. That would make for a good return! I wouldn't have thought the seller would need to try that hard. I'm sure someone would have bitten his hand off at 5% discount and anything at 2% seems to go very quickly. One at 1% discount at the minute at quite a decent rate already.
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Post by davefoz on Aug 21, 2023 10:26:53 GMT
Can’t say I’ve experienced that more than once or twice. Got it thank you.
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Post by somo on Aug 21, 2023 12:52:44 GMT
I guess borrowers often they think it will work out but it doesn't, and they get stuck. If interest gets paid and they don't default, I don't mind too much if it takes a while to sort out. If you would like to email me directly at Simon.cottrell@somo.co.uk I will be happy to provide some clarity on this point...
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