blender
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Post by blender on May 14, 2015 17:30:43 GMT
When Albrate is resurrected in its new glory we are promised a stream of great lending opportunities.
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adrianc
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Post by adrianc on May 14, 2015 17:55:54 GMT
but in curren market conditions even 8%+2%CB isn't that atttractive; only 9% PA if you can't shift it! I'm going off these loans very fast but I'm struggling to find decent alternatives to invest in anywhere! Doesn't that mean that - in "current market conditions" - they ARE attractive?
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SteveT
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Post by SteveT on May 15, 2015 6:50:24 GMT
Says pre-agreement so suspect Flying Carrots forget to do the paperwork in advance of it ending. Where did you see "pre-agreement"? Presumably on the Repayments tab
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min
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Post by min on May 15, 2015 11:10:38 GMT
Where did you see "pre-agreement"? Presumably on the Repayments tab Precisely - and it still says the same today.
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Post by shadoh on May 15, 2015 11:19:27 GMT
Hello,
I may be the ones buying your property loan parts! All i would say is if you're going to sell on secondary market, I would avoid charging high premiums, and if you genuinely want to sell, offer at par or discount. If the loan term has sub 3 months or so to run, maybe then you could charge a premium!
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coop
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Post by coop on May 15, 2015 11:36:44 GMT
but in curren market conditions even 8%+2%CB isn't that atttractive; only 9% PA if you can't shift it! I'm going off these loans very fast but I'm struggling to find decent alternatives to invest in anywhere! Doesn't that mean that - in "current market conditions" - they ARE attractive? Nope! The current market conditions I am refering to is the difficulty moving parts at par or .5% discount or less. If I can sell the part at a small discount in 2-3 months or at par after 3-4 months my AER when taking cashback and fees into account is about 12% - which is what I am looking for. If a 8%+2%CB loan is for 12 months and I hold to term my AER is 9% after fees - not what I am looking for! Obviously this gets worse the longer the loan; AER for a 24 month loan would be just 8%... EDIT: And due to the lack of other opportunies ending today the top rate on 12711 is taking an absolute hammering....
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SteveT
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Post by SteveT on May 15, 2015 11:45:49 GMT
Precisely - and it still says the same today. Sorry, I must be having a senior moment. I still cannot find/see a repayments tab, let alone any other information about loan 12707, except that it is still listed in my watch list as shown in the attached. Can you please post a link to the repayments tab? Thanks. Click on the loan name in your Watchlist to bring up the loan details. The "Repayments" tab is the last one (on the right).
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sl75
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Post by sl75 on May 15, 2015 12:24:23 GMT
I see that loan 6504 (Barrowby) has been repaid in full today, so that's another £650k plus interest that could hit the market if everyone is re-investing the proceeds in new loans.
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SteveT
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Post by SteveT on May 15, 2015 12:26:36 GMT
coop, what does your crystal ball have to say regarding this afternoon's pending offerings. Are we in for another Fruitless Conclusion to the week or a burst of Festive Cashback?
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coop
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Post by coop on May 15, 2015 12:32:49 GMT
Nothing all morning so they must be cooking up something.
I predict 3 2% CB loans; 15 18 and 20 months in length; total value c.£1.1m.
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sl75
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Post by sl75 on May 15, 2015 12:36:59 GMT
This sounds like an IT issue I need to raise with FC, but it's odd if I am the only one with the problem. Any other ideas would be welcome... For a completed loan, you can only see the details if one of the following applies: - you bid on the loan. - there are loan parts for sale. - you bought a loan part. - [possibly some other conditions that I'm not aware of or cannot immediately recall] Otherwise, the auction is not visible to you.
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SteveT
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Post by SteveT on May 15, 2015 12:38:41 GMT
Nothing all morning so they must be cooking up something. I predict 3 2% CB loans; 15 18 and 20 months in length; total value c.£1.1m. Shame you don't see another 6 monther!
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blender
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Post by blender on May 15, 2015 12:55:52 GMT
I see that loan 6504 (Barrowby) has been repaid in full today, so that's another £650k plus interest that could hit the market if everyone is re-investing the proceeds in new loans. It is good to see a project being successful and three tranches repaid - presumably early. It is amusing that I have just finished selling the last tranche at a discount so as to buy new at 2%. It looks like I should have held that one and the purchasers will get a good effective annual return. That's the way it goes - cannot complain.
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adrianc
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Post by adrianc on May 15, 2015 13:17:09 GMT
Hello, I may be the ones buying your property loan parts! Hello! (Can I send you a list of what I've currently got for sale...?)
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SteveT
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Post by SteveT on May 15, 2015 13:19:46 GMT
The 2nd tranche of the A-rated 11% property loan is up, and this time with 1%CB on top. Worth a nibble perhaps (12 months)
[15 new loans posted in the last 30 minutes or so. Looks like it's feast, not famine, this afternoon!]
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