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Post by ratrace on Aug 25, 2015 17:33:17 GMT
Darm wrong topic
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fasty
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Post by fasty on Aug 26, 2015 17:08:28 GMT
Note that the Splashback on tranche 4 of one of the Short Term London loans (A, 10%, 8 months) has just been plumped up to 2%. Seems like a reasonable return for 8 months and the LTV looks OK.
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SteveT
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Post by SteveT on Aug 26, 2015 17:29:43 GMT
Note that the Splashback on tranche 4 of one of the Short Term London loans (A, 10%, 8 months) has just been plumped up to 2%. Seems like a reasonable return for 8 months and the LTV looks OK. Excellent timing; I had some SM sale funds just looking for a worthwhile new home!
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Post by Deleted on Aug 26, 2015 17:43:03 GMT
Note that the Splashback on tranche 4 of one of the Short Term London loans (A, 10%, 8 months) has just been plumped up to 2%. Seems like a reasonable return for 8 months and the LTV looks OK. Just bought a few more.
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TitoPuente
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Post by TitoPuente on Aug 27, 2015 8:53:55 GMT
12011, 12078, 12160: "12 Aug 2015 Please note: The borrower has expressed an interest in settling this loan. A new loan request is to be listed shortly which, should the borrower accept their loan offer, will be used, in part, to settle this existing loan. Thanks, FC."
I wonder if this will happen this year. I have not done the calcs but I suspect the borrower is now paying interest for the replacing loans and the to-be-replaced loans at the same time.
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Post by Deleted on Aug 27, 2015 9:19:49 GMT
Note that the Splashback on tranche 4 of one of the Short Term London loans (A, 10%, 8 months) has just been plumped up to 2%. Seems like a reasonable return for 8 months and the LTV looks OK. The last Tranche 5 should be out later today, pretty good chance of a 2% splashback on this too.
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registerme
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Post by registerme on Aug 27, 2015 10:39:30 GMT
Oops. 1% or 2%? Looks like they've corrected it. It's says 1% on both the graphic and text for me now.
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registerme
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Post by registerme on Aug 27, 2015 10:52:12 GMT
Yeah, I've added it to my watchlist just in case it does .
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sl75
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Post by sl75 on Aug 27, 2015 11:19:50 GMT
Note that the Splashback on tranche 4 of one of the Short Term London loans (A, 10%, 8 months) has just been plumped up to 2%. Seems like a reasonable return for 8 months and the LTV looks OK. The last Tranche 5 should be out later today, pretty good chance of a 2% splashback on this too. If FC have any sense at all, they'll use the funds from tranches 1-4 to settle the original loans, thereby allowing any users who were avoiding exceeding a given total exposure level to the business to participate in tranche 5 (presumably including autobid users). It would make an increase to 2% cashback unnecessary due to over £1M of additional cash looking for a home!
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registerme
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Post by registerme on Aug 28, 2015 9:29:30 GMT
Quick to correct it, yes. That said, bidding had already started and some may have bid thinking the CB was 2%. Edit: I bet it gets raised to 2% in the interest of Fair Consciousness. It's been bumped to 2%.
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acky
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Post by acky on Aug 28, 2015 16:15:31 GMT
Friday Closure may toss another Northants into the pm at the last minute, but otherwise it looks like the remaining property loans will be left to fill slowly over the long weekend. I just wish the weather forecast was warmer and drier. So what's the betting none of them make it? Perhaps Uxbridge 3 will then come back yet again on even "more favourable terms to investors", which in FC parlance means leaving the terms the same but further reducing the principal sum of the loan!
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blender
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Post by blender on Sept 1, 2015 14:41:32 GMT
Wot? No cash back on Northants 4?
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fasty
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Post by fasty on Sept 1, 2015 14:55:56 GMT
Wot? No cash back on Northants 4? Indeed - I've just frantically withdrawn all my previous tranches from sale But the Frisky Chickens are adamant that cashback is discretionary.. blah blah.. and not being applied this time. Pah.
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TitoPuente
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Post by TitoPuente on Sept 1, 2015 17:31:03 GMT
12078 paid back.
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Post by transo on Sept 1, 2015 17:48:17 GMT
Not only 12078 but also it's other tranches, so that's £975k more available on the market, which I suspect FC think will fill Northants quite nicely. Glad I got in on the previous tranche with CB!
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