ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 11, 2015 17:32:58 GMT
I see the railway guy's back again. Thats £83k now. Love to know what he's doing with all the cash ... is he building his own railway - HSmini... a museum or perhaps just an extension to keep it all in once he gets it all back.  |
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Post by biggles on Jun 11, 2015 18:58:08 GMT
I see the railway guy's back again. Thats £83k now. Love to know what he's doing with all the cash ... is he building his own railway - HSmini... a museum or perhaps just an extension to keep it all in once he gets it all back. When I saw the listing, I thought that looked good for vintage railway stock. Then I saw it was just toy trains! Not for me.
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Post by mrclondon on Jun 11, 2015 19:36:52 GMT
Do lenders (generally) trust FS's valuation of jewellery, such as tomorrow's £5780on which £4K is being lent? (69.2%LTV). Yes, but ... FS are using a small fairly obscure auction house for most disposals, and in most auctions only around half the lots achieve a sale. Something is only worth x if thereis someone who willing to buy it on the day of the auction. FS seem to have some private buyers as a fall back, so the worst case on jewellrey so far has been the return of capital but zero interest if I remember correctly. I've seen nothing to suggest the jewellery items are being routinely mis-valued to the extent that most if not all the paintings and some of the cars have been.
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sqh
Member of DD Central
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 Jun 11, 2015 19:57:11 GMT
Do lenders (generally) trust FS's valuation of jewellery, such as tomorrow's £5780on which £4K is being lent? (69.2%LTV). Yes, but ... FS are using a small fairly obscure auction house for most disposals, and in most auctions only around half the lots achieve a sale. Something is only worth x if thereis someone who willing to buy it on the day of the auction. FS seem to have some private buyers as a fall back, so the worst case on jewellrey so far has been the return of capital but zero interest if I remember correctly. I've seen nothing to suggest the jewellery items are being routinely mis-valued to the extent that most if not all the paintings and some of the cars have been. Except this one. p2pindependentforum.com/post/37906/thread
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Post by Deleted on Jun 12, 2015 9:27:52 GMT
Railways; the signs worry me, in too good a condition for veracity which might limit my investment. Rollingstock looks ok so may go with this, with so much money washing around in the "crazy-old-train-fool" market at the moment I think these would sell well.
Jewelry; there are two LTVs. The retail LTV and the scrap LTV. Margins on this sort of clobber are 60 to 80% so there is a big difference between the two. I shy away from retail LTVs of greater than 70% and prefer 50%. There are insufficient details on the FS page to calculate the scrap LTV, which is a pity. Gold isn't going anywhere in the next 6 months (crosses fingers).
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,337
Likes: 11,562
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Post by ilmoro on Jun 25, 2015 12:35:58 GMT
New loan at 3pm Thursday 25th June Secured against a painting £2,000 12% pa LTV 50.0% There will be a bid restriction of £50 for the first 24 hours More detailsFundingSecure Didn't this one come out a couple of hours early and fill in 5 minutes? Oh yes. Didnt even notice, was expecting a loan at 1pm so invested in the one that appeared whilst in the middle of doing something else. Only realised when FS sent email. Fortunately the other loan wasnt full so got my piece of that as well. (Was planning on doing both)
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mikes1531
Member of DD Central
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Post by mikes1531 on Jul 14, 2015 14:28:43 GMT
New small loan has appeared. £650, LTV 65%, 12%, £25 max.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,337
Likes: 11,562
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Post by ilmoro on Jul 14, 2015 14:34:48 GMT
New small loan has appeared. £650, LTV 65%, 12%, £25 max. Saw that pop in the pending list when I logged in for the other loan earlier. They waited until I logged out to post it  . So thanks for the heads up
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on Jul 14, 2015 14:46:16 GMT
New small loan has appeared. £650, LTV 65%, 12%, £25 max. Saw that pop in the pending list when I logged in for the other loan earlier. They waited until I logged out to post it . So thanks for the heads up All funded now.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jul 18, 2015 21:00:17 GMT
Seeing the spelling error on the Malaya Garnet certification card made me wonder .... but FS will have checked out the authenticity of the card ... wouldn't they?
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Post by Deleted on Jul 19, 2015 9:52:08 GMT
Did you know that Malaya Garnets come from Africa, not a lot of people know that  |
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428
Likes: 1,212
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Post by sqh on Jul 21, 2015 11:42:14 GMT
2 small loans available now. Diamond Ring and Omega Watch.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,337
Likes: 11,562
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Post by ilmoro on Dec 7, 2015 23:38:38 GMT
Glad this wasnt today. Pretty Manic Monday on FS even without The Bangles  |
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jonah
Member of DD Central
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Post by jonah on Dec 9, 2015 11:05:25 GMT
Currently a loan which has not filled in over 4 mins on offer...
*faints with surprise*
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SteveT
Member of DD Central
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Post by SteveT on Dec 9, 2015 11:07:26 GMT
Currently a loan which has not filled in over 4 mins on offer... *faints with surprise* That's down to: a) the bid limit being set so low (0.6% !) b) it being yet more model trains My £50 will be hitting the SM at 2% premium just as soon as the loan completes (along with plenty of others I should imagine).
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. So thanks for the heads up
