webwiz
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Post by webwiz on Feb 12, 2015 20:15:20 GMT
If anyone has money waiting to be lent they might have a look at Moneything. They seem to have property loans very similar to SS (in addition to something completely different). Note that I know almost nothing about MT and am not recommending them - carry out your own DD.
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Post by mrclondon on Feb 12, 2015 21:42:51 GMT
Hmm ... I don''t think a new startup with zero track record can in any shape or form can be compared to SS at this point.
Return of capital is more important than a few extra days return on capital.
With a very healthy pipeline of loans on the way, some patience might be more rewarding.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Feb 12, 2015 22:18:36 GMT
Also no secondary market on MoneyThing (only been a primary market for a few days for goodness sake  ) - once you're in you're in, so definitely not a place to park money while you wait. Agree with mrclondon - they are in no way comparable with SS at this time. |
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bugs4me
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Post by bugs4me on Feb 12, 2015 22:57:09 GMT
If anyone has money waiting to be lent they might have a look at Moneything. They seem to have property loans very similar to SS (in addition to something completely different). Note that I know almost nothing about MT and am not recommending them - carry out your own DD. I'm a bit more cautious than yourself on this and prefer not to adopt the pathfinder route. I'd sooner just see the funds sitting there rather than go with a new platform. Now if they pick up steam it could be worth a toe in the water. Playing devils advocate though, I would be concerned over the use of a residential property as their UK registered address. Maybe MoneyThing would care to explain as it does seem odd IMO.
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Post by MoneyThing on Feb 13, 2015 10:05:54 GMT
Morning,
We are in the process of setting up a separate page on the website which details all the upcoming features (road map) that we will be introducing in Phase 2, 3, etc. (One of which is creating a secondary market).
With regards to the residential property as our UK registered office. In due course we will be looking for a dedicated London offices, however for the time being 39 Church Crescent has been the home of Capital Mortgages Direct for a number of years. This is David's home (who is also my uncle-in-law), and he has a very nice office at home.
Admittedly, I was debating whether to get a serviced office short term but as it is only David & Shuang in the UK for the moment and both of them live opposite sides of London it makes more sense for them to work from home for the time being. As we expand, we will certainly be getting a London office (which will likely be a retail premises and open to the public).
Kind regards,
Ed
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baz657
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Post by baz657 on Feb 14, 2015 13:41:26 GMT
Not sure if this is good or bad but I tried to set up a deposit for £500 and my bank (Lloyds) came up with something I'd never seen before...
This transaction is under review. We aim to review all transactions within 24 hours, please check back to approve them.
As it's the weekend no doubt I'll have to wait until Monday to see what it's all about.
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) - once you're in you're in, so definitely not a place to park money while you wait. Agree with 
