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Post by duncandive on Feb 24, 2015 15:09:26 GMT
PBL 025 has just gone Live.
3m in total but only 50% available for now..
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will
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Post by will on Feb 24, 2015 15:19:04 GMT
Looks like 50% was taken BEFORE this was offered to us?
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Post by pepperpot on Feb 24, 2015 15:54:51 GMT
£1.5m has been underwritten.
I'm glad the largest loan to date has, what appears to be, a pretty good borrower behind it. As this is now the benchmark for the provision funds stress test.
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j
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Penguins are very misunderstood!
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Post by j on Feb 24, 2015 18:24:06 GMT
reading the valuation report, aiui, a weekly rent of £130 pw is being charged for effectively the full year (51 weeks). Even including bills, that sounds excessive. Is this the going rate in Huddersfield? Where I am it's more around the £80 pw average with £90-£100 for posher pads!
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mikes1531
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Post by mikes1531 on Feb 24, 2015 18:37:39 GMT
There is a statement in the loan particulars to "Please see attached CV". Has anyone located that? There also is a parenthetical reference "see Bradford valuation document". Where do I find that? Perhaps savingstream would care to supply the links to these documents? |
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j
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Penguins are very misunderstood!
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Post by j on Feb 24, 2015 19:09:30 GMT
There is a statement in the loan particulars to "Please see attached CV". Has anyone located that? There also is a parenthetical reference "see Bradford valuation document". Where do I find that? Perhaps savingstream would care to supply the links to these documents? Couldn't find a link to those either myself
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Post by Deleted on Feb 24, 2015 21:01:49 GMT
Going fast. Only 21% left.
No sign of Ramblin Rose on the forum today so no predictions on how long till it's fully filled. Wonder if she's away and will miss out.
A nice long 12 month term for those wanting to tuck their money away and forget about it for a bit.
Will admit I have invested a fair sum in it without doing my usual due diligence and reading of the reports. Perhaps that means I'm starting to have more confidence in the durability of SS - or perhaps it's because if you don't get in quick these days you lose the opportunity.
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Post by duncandive on Feb 25, 2015 18:57:42 GMT
Hmmm, looks like the available funds in PBL 025 have just been increased by 12.5%, back up to 24.51%.
Would that be due to an 'Underwritter' from the 50% that was missing right from the beginning?
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paulg
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Post by paulg on Feb 25, 2015 19:31:26 GMT
Hmmm, looks like the available funds in PBL 025 have just been increased by 12.5%, back up to 24.51%. Would that be due to an 'Underwritter' from the 50% that was missing right from the beginning? And another £100,000 just been released into it.
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mikes1531
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Post by mikes1531 on Feb 25, 2015 19:57:45 GMT
Hmmm, looks like the available funds in PBL 025 have just been increased by 12.5%, back up to 24.51%. Would that be due to an 'Underwritter' from the 50% that was missing right from the beginning? Probably. It's certainly a procedure that SS have employed in the past.
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Post by savingstream on Feb 25, 2015 20:25:14 GMT
We have £1.5m already committed from an individual who we describe as an “underwriter”. He is prepared to leave up to £1.5m in the loan for the entire term of the loan, however if there is further interest over and above £1.5m from the SS investors, we will release parts of his £1.5m underwriting back into the market.
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mikes1531
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Post by mikes1531 on Feb 25, 2015 20:43:03 GMT
We have £1.5m already committed from an individual who we describe as an “underwriter”. He is prepared to leave up to £1.5m in the loan for the entire term of the loan, however if there is further interest over and above £1.5m from the SS investors, we will release parts of his £1.5m underwriting back into the market. : Are you saying that none of this £1.5M has been released yet? If that's the case, can you please explain how/why the amount remaining to be funded has increased so significantly today? Thank you.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Feb 25, 2015 20:43:37 GMT
We have £1.5m already committed from an individual who we describe as an “underwriter”. He is prepared to leave up to £1.5m in the loan for the entire term of the loan, however if there is further interest over and above £1.5m from the SS investors, we will release parts of his £1.5m underwriting back into the market. savingstream So, the extra funds pumped in today are from an u/w(s)?
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Feb 25, 2015 21:00:55 GMT
PBL024 has just been cancelled/delayed so there is plenty of funds sitting in lender accounts ready to fill PBL025.
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ramblin rose
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“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 25, 2015 21:42:38 GMT
Going fast. Only 21% left. No sign of Ramblin Rose on the forum today so no predictions on how long till it's fully filled. Wonder if she's away and will miss out. A nice long 12 month term for those wanting to tuck their money away and forget about it for a bit. Will admit I have invested a fair sum in it without doing my usual due diligence and reading of the reports. Perhaps that means I'm starting to have more confidence in the durability of SS - or perhaps it's because if you don't get in quick these days you lose the opportunity. How gratifying to be missed  Busy playing in the snow and having fun this week; normal service will be resumed in March 
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Busy playing in the snow and having fun this week; normal service will be resumed in March 