fasty
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Post by fasty on Aug 14, 2015 22:25:35 GMT
I've run out of cash, which makes it easier to hold off for a while. Similar situation here - but that's my cue to churn some of my lowest rate loan parts. Helps to keep my average rate up so everything remains marketable if I needed to make a swift exit. Not much on the PM at the moment so it's a great time to get rid of unwanted stuff.
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fasty
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Post by fasty on Aug 17, 2015 11:52:17 GMT
Only if you hold to term. I'm assuming most of these will sell on at par over the next 2 - 3 months and, whilst shorter loans do seem to flip faster, the difference in term between the two isn't huge. I'd rather be banking 1.75% than 0.75% on each Autobid purchase. If the new Newquay loan really is needed quickly, as the details suggest, then there's a good chance tranches 2 and/or 3 will be bumped up to 2% CB. I'm holding off in hope of this returning for next tranche at 10%+2%. In any case, shouldn't we expect Short Term Property Loan London 3 competing for our affections at 10%+2% soon? Oh that's curious - Short Term Property Loan London 3 appears but with no splashback at all. Have Fearfully Crafty minimised the quantity of loan requests in the hope of making this one fill cheaply?
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Post by GSV3MIaC on Aug 17, 2015 14:05:30 GMT
Yep, went straight to the top of my 'uninteresting, but might want to check back later when it changes' list.
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SteveT
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Post by SteveT on Aug 17, 2015 14:15:00 GMT
Hang fire before blindly piling into 15064 - no cb showing. Now confirmed in the Q&A that the lack of CB on this tranche is intentional. Curious, to say the least.
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Post by nickthefool on Aug 17, 2015 14:19:35 GMT
15076 is in a similar bracket, 18mo A+ at 8%, no cashback. Only wanting £99k so can probably fill without it.
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registerme
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Post by registerme on Aug 21, 2015 9:57:36 GMT
15193 is a new 8% + 2% cashback 12 month property loan. Fill yer boots if this is your sort of thing.
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jonah
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Post by jonah on Aug 21, 2015 19:21:33 GMT
15172 is 8% +1% CB. Seems to be in the wrong county though.
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Post by GSV3MIaC on Aug 21, 2015 21:27:44 GMT
So what's wrong with 15182, 10%+1%CB .. apart from the fact that the SM for par parts seems to have seized up again. Maybe the mad rush in the last week or so was down to some big repayments (or the backed up payment run over last weekend)? Whatever it was it's back to a trickle, at least here.
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am
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Post by am on Aug 22, 2015 8:54:47 GMT
So what's wrong with 15182, 10%+1%CB .. apart from the fact that the SM for par parts seems to have seized up again. Maybe the mad rush in the last week or so was down to some big repayments (or the backed up payment run over last weekend)? Whatever it was it's back to a trickle, at least here. Lots of people will be exposed to the big Newquay development project. Perhaps this reduces the number of available autobidders. (But the projects aren't cross-linked on the financial summaries.)
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mikeb
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Post by mikeb on Aug 22, 2015 18:08:00 GMT
So what's wrong with 15182, 10%+1%CB .. apart from the fact that the SM for par parts seems to have seized up again. Maybe the mad rush in the last week or so was down to some big repayments (or the backed up payment run over last weekend)? Whatever it was it's back to a trickle, at least here. Lots of people will be exposed to the big Newquay development project. Perhaps this reduces the number of available autobidders. (But the projects aren't cross-linked on the financial summaries.) Something I'm becoming more aware of! A recent auction 15139 showed no link to other projects (no icon, no "other loans"), and no exposure for me. But as I was about to record it on my spreadsheet, OpenOffice "suggested" the borrower's name/a.n.other name. OOO thinks there is a borrower in common with 13814. FC doesn't show this. On asking in the Q&A, they acknowledge the link, and also say this is connected to Pin****cots Ltd. Eh? If I'd known that, I'd have avoided this one AND 13814, as I already have enough bids in that. How on earth are people supposed to manage their exposure when FC don't SHOW the links between them? On the flipside, I recently was warned off a loan because I have "exposure to it". Yet checking my records, I don't. I *had* a loan part, and sold it. Ages ago! Flaky Communicators
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am
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Post by am on Aug 22, 2015 19:51:42 GMT
Yes, it's telling me that I'm exposed to the new Yorkshire property loan, but Harrogate has matured and paid off (even if a trifle late).
It's one thing linking to the other loans - one might be interested in looking at, for example, the payment record - but it's another thing telling me I'm exposed to a business that I'm not exposed to.
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Post by nickthefool on Aug 25, 2015 8:51:14 GMT
10% is a good rate for A+, it's their normal rate for A rated property. I wondered if FC made a typo.
No surprise that one was very popular, it's a flipper's dream - should be easy to shift at par.
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Post by GSV3MIaC on Aug 25, 2015 13:34:34 GMT
Actually it's easy to shift at 0.2% or 0.3% markup too .. is it just me, or have par sales basically dried up again?!
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SteveT
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Post by SteveT on Aug 25, 2015 13:48:59 GMT
Definitely slowed a bit again recently but I've had a dozen or so picked up each day over the last 3 - 4 days
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acky
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Post by acky on Aug 25, 2015 14:35:01 GMT
Rather wishful thinking that they'd need to go to 2% on Northants, I feel. T1 filled up in 6.5 hours, T2 has got to 33% in 3.5 hours.
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