Post by Ace on Sept 26, 2023 11:05:16 GMT
Senior loan pays 8.5%. LTV is 19.8%. 12 months. £1k limit for first 24 hours.
Junior loan pays 10%. LTV is 29.7%. 12 months. £1k limit for first 24 hours.
This one isn't exactly flying off the shelves. Still plenty available in both tranches after nearly an hour. I was a little reticent as public houses have been amongst my worst lending decisions. However, due to the incredibly low LTVs and LLI's record so far, and the difficulty in getting funds deployed on LLI, I'm in both tranches. This makes it the same as a first charge loan paying 9.25% at a 29.7% LTV (since capital for both tranches ranks adove interest for either on LLI).
Is also worth noting that the LTVs here include all of the interest, which is retained, and the arrangement fees. This makes the LTVs even better when compared to most other platforms that don't include these things in their LTVs.
I expect the remainder will go very quickly to a few large lenders once the limits are removed.
Junior loan pays 10%. LTV is 29.7%. 12 months. £1k limit for first 24 hours.
This one isn't exactly flying off the shelves. Still plenty available in both tranches after nearly an hour. I was a little reticent as public houses have been amongst my worst lending decisions. However, due to the incredibly low LTVs and LLI's record so far, and the difficulty in getting funds deployed on LLI, I'm in both tranches. This makes it the same as a first charge loan paying 9.25% at a 29.7% LTV (since capital for both tranches ranks adove interest for either on LLI).
Is also worth noting that the LTVs here include all of the interest, which is retained, and the arrangement fees. This makes the LTVs even better when compared to most other platforms that don't include these things in their LTVs.
I expect the remainder will go very quickly to a few large lenders once the limits are removed.
