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Post by Deleted on Apr 21, 2015 10:05:41 GMT
Early closers, I guess but I'm not watching FC enough to know
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Post by GSV3MIaC on Apr 21, 2015 12:40:57 GMT
Eyes up lads (*and lassies, of course*) .. 12360 offering 10%, 12 months, AND a 2% cashback. Grab it now before the gluttons arrive ... (unless of course it is a listing error, which it probably will be if it fills 'too fast')
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Post by longjohn on Apr 21, 2015 12:53:22 GMT
Eyes up lads (*and lassies, of course*) .. 12360 offering 10%, 12 months, AND a 2% cashback. Grab it now before the gluttons arrive ... (unless of course it is a listing error, whioch it probably will be if it fills 'too fast') Got it. I also have parts in the previous tranches which makes my exposure a bit high for this scheme. I feel a little flip may be on the cards.  Cheers John
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SteveT
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Post by SteveT on Apr 21, 2015 13:05:40 GMT
I'm having to hold back a bit on this one as I filled up fully on the same developer's "cricket pitch" scheme in South London (12149 / 12170) which is linked to this one by cross-default clauses. Given there's also a 3rd scheme tied in with the same cross-default arrangements, there'd be a whole HEAP of money tied up if they were defaulted in tandem, especially given that "Ranking (seniority) of any claims will be assessed at that time"...!
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coop
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Post by coop on Apr 22, 2015 6:06:38 GMT
Missed it. Having too much fun at butlins XD Edit: if anyone wants to pm me any 2% CB loans this week feel free  |
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Post by mostlywrong on Apr 22, 2015 10:47:00 GMT
Loan 12234 just managed to fall over the £320k line - with the aid of the FC Office Junior who has been bidding £100 a pop for the last hour!
Where does that leave the much younger 12316 which is a £565k A+ @ 8% without CB?
MW
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Post by goldservice on Apr 22, 2015 10:52:00 GMT
Missed it. Having too much fun at butlins XD Edit: if anyone wants to pm me any 2% CB loans this week feel free Wot, no Internet at Butlins? XD - no divi either?
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SteveT
Member of DD Central
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Post by SteveT on Apr 22, 2015 11:00:18 GMT
Loan 12234 just managed to fall over the £320k line - with the aid of the FC Office Junior who has been bidding £100 a pop for the last hour! Where does that leave the much younger 12316 which is a £565k A+ @ 8% without CB? MW He must have a tired finger as he's been buying quite a lot in the last 24 hours. Whilst it allows Furtively Creative to tell Borrowers that their auctions filled successfully, it's got to improve CB prospects on later tranches / other loans. Even if 12316 is shoved over the line in 9 days' time by FCPF, that's just the first tranche of £1.3m so has to be a good prospect for 2%CB in due course.
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min
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Post by min on Apr 22, 2015 16:20:04 GMT
There's a new one in Huddersfield (12415).
A+ 9% but no CB.
Looks like Frightened Cashiers are trying to avoid giving the CB if they can get away with it.
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agent69
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Post by agent69 on Apr 22, 2015 18:15:56 GMT
Was it Richard III that said cash back, cash back, my kingdom for some cash back?
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fasty
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Post by fasty on Apr 22, 2015 19:20:19 GMT
There's a new one in Huddersfield (12415). A+ 9% but no CB. Looks like Frightened Cashiers are trying to avoid giving the CB if they can get away with it. The only snag with the luscious splashback is that it lures in hordes of flippers, making the loan parts very slow to sell except at a discount. I'd rather have a really good rate without cashback, so that I can have greater assurance of being able to liquidate the loan parts should I need the cash.
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Post by loanstar on Apr 22, 2015 19:35:03 GMT
Huddersfield (12415) Looks like they have run out of direct investors in the flats so now need a loan. A+ yes for the completed development, but not as it stands.
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coop
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Post by coop on Apr 22, 2015 20:28:54 GMT
There's a new one in Huddersfield (12415). A+ 9% but no CB. Looks like Frightened Cashiers are trying to avoid giving the CB if they can get away with it. The only snag with the luscious splashback is that it lures in hordes of flippers, making the loan parts very slow to sell except at a discount. I'd rather have a really good rate without cashback, so that I can have greater assurance of being able to liquidate the loan parts should I need the cash.
However it remains very liquid at less than a 1% discount so if you really do need to sell it will only be at the loss of 45 or so days interest/less than half the CB you got.
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coop
Member of DD Central
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Post by coop on Apr 22, 2015 20:33:00 GMT
Missed it. Having too much fun at butlins XD Edit: if anyone wants to pm me any 2% CB loans this week feel free Wot, no Internet at Butlins? XD - no divi either? Internet yes, but I dont spend all my timw on holiday on p2p sites waiting for loans. And as a young whippersnapper I know about divis but to me XD will always be a weird cartoon laughter face before ex divi
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sl75
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Post by sl75 on Apr 23, 2015 9:55:23 GMT
The only snag with the luscious splashback is that it lures in hordes of flippers, making the loan parts very slow to sell except at a discount. I'd rather have a really good rate without cashback, so that I can have greater assurance of being able to liquidate the loan parts should I need the cash.
If you received a cashback, and don't offer an equivalent discount to your buyer, then you are doing exactly the same as the "hordes of flippers" you implicitly criticise (indeed, maybe not, because many offer a discount presumably in order to turn their money around quicker than waiting for it to sell at par). Saying something like "cashback loans sell slower" when you're trying to pocket a 1.75% (or 0.75% or 0.25%) profit on the cashback loan, but accepting a 0.25% loss on the non-cashback loan hardly seems a fair test!
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