fasty
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Post by fasty on May 15, 2015 13:51:33 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!] Yes, and that's potentially going to be a whole heap of auctions all finishing at the same time next week. I can see an opportunity to get bids in at a carefully-chosen moment before the server collapses.
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Post by shadoh on May 15, 2015 13:55:47 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...?) sure why not, just waiting for dam funds to be transferred into account dont know why FC are taking so long
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blender
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Post by blender on May 15, 2015 14:11:30 GMT
I'm not sure there are any FC loans for dam projects.
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fasty
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Post by fasty on May 15, 2015 14:22:39 GMT
I'm not sure there are any FC loans for dam projects. I'd insist on watertight security.
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SteveT
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Post by SteveT on May 15, 2015 14:24:28 GMT
I'm not sure there are any FC loans for dam projects. I'd insist on watertight security. If available, that would open the floodgates
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registerme
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Post by registerme on May 15, 2015 14:34:12 GMT
I'd insist on watertight security. If available, that would open the floodgates Any takers for an 8% fixed interest, 24 months, 2% cashback, £450k loan to build an ark?
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oldgrumpy
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Post by oldgrumpy on May 15, 2015 14:38:22 GMT
If available, that would open the floodgates Any takers for an 8% fixed interest, 24 months, 2% cashback, £450k loan to build an ark? No(ah)!! I wouldn't sink my funds into that. I'm in P2P not 2by2!! 
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coop
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Post by coop on May 15, 2015 15:03:02 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!] The ltv appears to have crept up from 81% to 85%! <-- Ignore this
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Post by GSV3MIaC on May 15, 2015 16:11:49 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!] The problem with the 11% A, 1% CB loan is that it is going to sink the SM for all other A rated loans until the parts are all sold off (just like the last high fixed rate A loan did). Even selling them at par, they'll look like a good bet to any latecomer who didn't already buy their quota at auction (using the term 'auction' incorrectly .. just 'first come first served' in this case). Not sure why Fruity Crumpets think 11/1 is a good idea for something which is supposedly an A (don't they read their own loss projection data?).
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blender
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Post by blender on May 15, 2015 16:28:09 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!] The ltv appears to have crept up from 81% to 85%! <-- Ignore this LTV reads 81% on the investor report which looks a lot. However, the loan amount includes the interest collected and held by FC, and so the LTV is rather overstated, compared with a true interest only loan. If they borrowed the capital and fees (£720k) and paid the interest monthly then the LTV would be about 72% - but please do not rely on that.
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Post by betterthanworking on May 15, 2015 16:37:59 GMT
Reality check here! This is a one bedroom flat we are talking about, albeit with a posh postcode.
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fasty
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Post by fasty on May 15, 2015 17:07:46 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!] Hmm just sold 11 pieces of the first tranche and replaced them immediately with 11 pieces of second tranche + 1% cashback. Glad I don't use autobid.
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blender
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Post by blender on May 15, 2015 17:12:27 GMT
Now please be fair, betterthanworking, it has a kitchen separate from the reception room. That's real class.
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SteveT
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Post by SteveT on May 15, 2015 17:30:30 GMT
Last Friday afternoon I think we had 2 new auctions. This afternoon, 26. Either the election result has triggered a spontaneous outburst of investment activity across the nation or someone at Friday's Crazy is pulling strings to test things out. The first symptom of today's glut is that bidding on auctions older than 6 hours seems more or less to have dried up; I've had just 11 x £20 bids drop out and become available to bid with again all afternoon. Not a wonder these new auctions are slow to fill ...
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blender
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Post by blender on May 16, 2015 7:25:47 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!] Hmm just sold 11 pieces of the first tranche and replaced them immediately with 11 pieces of second tranche + 1% cashback. Glad I don't use autobid.
Have done the same with 43 parts of £20 and £40. Only eight of those parts could possibly be Autobidders, the rest being multiple manual (or bot) purchases. Of course the first tranche will earn straight away and must be slightly safer, in that it could be paid off first (say FC in the blurb). But I cannot see a one bedroom flat being sold in stages and the security on the second tranche being reduced.
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