andy2001
Member of DD Central
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Post by andy2001 on Feb 17, 2014 22:23:10 GMT
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mikes1531
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Post by mikes1531 on Feb 17, 2014 22:25:30 GMT
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mikeb
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Post by mikeb on Feb 17, 2014 22:47:02 GMT
Nom nom nom. Sorry, you gotta be quick around here ... 
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andy2001
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Post by andy2001 on Feb 19, 2014 16:29:52 GMT
There's now a fair chunk of auction 45.
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Post by brummiefred on Feb 19, 2014 21:49:21 GMT
Leeds, CC Leisure and Hackney available at 21.45
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mikes1531
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Post by mikes1531 on Feb 19, 2014 23:09:22 GMT
Leeds, CC Leisure and Hackney available at 21.45 By 2310, CC Leisure was gone, but one part of Optical had appeared.
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Post by phlitb on Feb 22, 2014 14:24:12 GMT
As well as the usual suspects, the first time I've ever seen any Auction 21 (T*Y Ltd) come up on the aftermarket. About 1K left at the time of writing...
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agent69
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Post by agent69 on Feb 22, 2014 16:34:26 GMT
I had a look last night and there was an assortment available including L2L2. most have gone, but the last £100 of L2L2 appears reluctant to go.
I wasn't around in the early days when this loan appeared, so I don't understand why anyone would buy in at 6.5%
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mikes1531
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Post by mikes1531 on Feb 22, 2014 18:17:08 GMT
I had a look last night and there was an assortment available including L2L2. most have gone, but the last £100 of L2L2 appears reluctant to go. I wasn't around in the early days when this loan appeared, so I don't understand why anyone would buy in at 6.5% The 50% LTV would have helped. And so would the 3.5% cashback. I wonder how many lenders looked at the interest rate and the cashback, added them together and thought they would be earning 10%.
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bugs4me
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Post by bugs4me on Feb 22, 2014 19:37:44 GMT
I had a look last night and there was an assortment available including L2L2. most have gone, but the last £100 of L2L2 appears reluctant to go. I wasn't around in the early days when this loan appeared, so I don't understand why anyone would buy in at 6.5% The 50% LTV would have helped. And so would the 3.5% cashback. I wonder how many lenders looked at the interest rate and the cashback, added them together and thought they would be earning 10%. I suspect you are correct reference the 3.5% cashback. Could be a slight difficulty in selling this on the aftermarket at 6.5% especially as there are far superior returns available. Once the other two 'biggies' go to drawdown then the underwriters will be looking to offload these as well. Makes 6.5% small bear IMO.
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mikes1531
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Post by mikes1531 on Feb 22, 2014 19:47:44 GMT
The 50% LTV would have helped. And so would the 3.5% cashback. I wonder how many lenders looked at the interest rate and the cashback, added them together and thought they would be earning 10%. I suspect you are correct reference the 3.5% cashback. Could be a slight difficulty in selling this on the aftermarket at 6.5% especially as there are far superior returns available. Once the other two 'biggies' go to drawdown then the underwriters will be looking to offload these as well. Makes 6.5% small bear IMO. Or even small beer!  I also was surprised to see how quickly loan parts in these 6.5% loans have been bought in the past. Not instantly, as with small quantities of everything else, but they generally do find a new home soon enough. Then again, I'll admit to having bought small bits of these loans myself just to have a first hand experience of how they are proceeding, though in retrospect I'm not sure my participation really gives me access to any more into than would be available to a non-lender AC member.
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bugs4me
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Post by bugs4me on Feb 22, 2014 20:32:18 GMT
I suspect you are correct reference the 3.5% cashback. Could be a slight difficulty in selling this on the aftermarket at 6.5% especially as there are far superior returns available. Once the other two 'biggies' go to drawdown then the underwriters will be looking to offload these as well. Makes 6.5% small bear IMO. Or even small beer! I also was surprised to see how quickly loan parts in these 6.5% loans have been bought in the past. Not instantly, as with small quantities of everything else, but they generally do find a new home soon enough. Then again, I'll admit to having bought small bits of these loans myself just to have a first hand experience of how they are proceeding, though in retrospect I'm not sure my participation really gives me access to any more into than would be available to a non-lender AC member. Now where did I put my ditionary, dictorary, oh never mind! 
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andy2001
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Post by andy2001 on Feb 22, 2014 21:05:29 GMT
I sold the last of my 6.5% buy to let loans a few months ago, having been a bidder in the auctions. But I guess they still look ok compared to Zopa, and plenty of people still use them. With the lot LTV it's hard to see these loans ending with a lender loss.
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mikes1531
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Post by mikes1531 on Feb 24, 2014 2:00:35 GMT
And the seller probably did find a buyer, because it's no longer available.
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j
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Penguins are very misunderstood!
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Post by j on Feb 24, 2014 20:46:49 GMT
Seeing a bit of Opt***l and Ang****y on market, in addition to usual Hac***y not anymore, all gone!
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