fasty
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Post by fasty on May 5, 2015 19:10:43 GMT
I think that they must have had a lunchtime sesh down the wine bar early this week and returned full of cashback joy.
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Post by norfolkblue on May 6, 2015 10:38:14 GMT
Perhaps they've realised that , as Flippers work out they can no longer flip their property parts (which by next week will also be subject to mansion taxes) to autobidders anymore, there might not be so much takeup.
Better to make hay while the sun shines.
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coop
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Post by coop on May 6, 2015 11:44:50 GMT
Perhaps they've realised that , as Flippers work out they can no longer flip their property parts (which by next week will also be subject to mansion taxes) to autobidders anymore, there might not be so much takeup. Better to make hay while the sun shines. That's news to me! Care to elaborate?
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registerme
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Post by registerme on May 6, 2015 12:57:29 GMT
The prospect of some combination of Labour (who advocate a mansion tax) and the LibDems (who advocate a mansion tax) winning the UK General Election. If they win this will presumably put downward pressure on high value property, which in turn will make it less attractive to build said property. Some of the property development loans on FC are to build properties where the selling price is expected to be > £1 million (though I think the LibDem threshold is going to be £2 million).
EDIT: Would be my guess.
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ilmoro
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'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 May 6, 2015 14:09:48 GMT
The prospect of some combination of Labour (who advocate a mansion tax) and the LibDems (who advocate a mansion tax) winning the UK General Election. If they win this will presumably put downward pressure on high value property, which in turn will make it less attractive to build said property. Some of the property development loans on FC are to build properties where the selling price is expected to be > £1 million (though I think the LibDem threshold is going to be £2 million). EDIT: Would be my guess. Labour threshold is also £2 million. More relevant is the potential downward pressure on house prices that some analysts have said will result from the imposition of the tax, as houses circa 2mil are sold for less than that sum to avoid the tax. No doubt there is an alternative view on the other side. Mansion Tax Impact?
Mansion Tax Impact 2?
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registerme
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Post by registerme on May 6, 2015 14:49:07 GMT
The prospect of some combination of Labour (who advocate a mansion tax) and the LibDems (who advocate a mansion tax) winning the UK General Election. If they win this will presumably put downward pressure on high value property, which in turn will make it less attractive to build said property. Some of the property development loans on FC are to build properties where the selling price is expected to be > £1 million (though I think the LibDem threshold is going to be £2 million). EDIT: Would be my guess. Labour threshold is also £2 million. More relevant is the potential downward pressure on house prices that some analysts have said will result from the imposition of the tax, as houses circa 2mil are sold for less than that sum to avoid the tax. No doubt there is an alternative view on the other side. Mansion Tax Impact?Yep, a better analysis  .
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coop
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Post by coop on May 6, 2015 14:57:54 GMT
I would ignore the Fail personally!
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ilmoro
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'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 May 6, 2015 15:18:37 GMT
I would ignore the Fail personally! The article is in the Mail but it's written/analysis by an economic think tank. Ive added another link to a similar article in the Guardian, Theres also a report from the CEBR which anaylises the tax and suggests similar impact. Would like to see something that argues the alternative case, particularly as an investor in property loans.
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SteveT
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Post by SteveT on May 6, 2015 18:03:59 GMT
And now comes 12707, seeking another trifling £430k at 8% but this one with just 1% CB. Surely the height of optimism expecting that to fill with so many other 2%CB deals on offer at the moment?
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blender
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Post by blender on May 6, 2015 20:40:48 GMT
Three top priorities:
1. Grow the loanbook
2. Grow the loanbook
3. Grow the loanbook
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coop
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Post by coop on May 7, 2015 6:50:03 GMT
12707 reached 25% about a day quicker than better 2% cashback loans.
Hmmm I smell a rat
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SteveT
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Post by SteveT on May 7, 2015 7:11:08 GMT
12707 reached 25% about a day quicker than better 2% cashback loans. Hmmm I smell a rat It's a first tranche loan so all the Autobidders will pick up their parts more or less immediately. Then it's likely to hit the wall...
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blender
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Post by blender on May 7, 2015 7:33:21 GMT
12707 reached 25% about a day quicker than better 2% cashback loans. Hmmm I smell a rat It's a first tranche loan so all the Autobidders will pick up their parts more or less immediately. Then it's likely to hit the wall... I agree. Using FCViz (see the other forum) shows that there are many small bids and no large stakes yet. I guess the 2% offers will fill first.
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registerme
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Post by registerme on May 7, 2015 8:10:04 GMT
It'll be interesting to see if 12647 gets away, even with a 2% cashback. It needs another £72,000 with 31 hours left on the clock. People might be busier / more distracted today than they would normally be, and then there's all the competing A+ property loans that you guys have already been talking about.
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coop
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Post by coop on May 7, 2015 12:30:56 GMT
In hindsight I've overbought so personally I wouldn't mind if it didn't make it!
EDIT: £58.6k left to go in just over 27hrs now so I think it should make it
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