arbster
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Post by arbster on Sept 2, 2015 7:40:09 GMT
12011 also paid back early yesterday.
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TitoPuente
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Post by TitoPuente on Sept 3, 2015 8:49:59 GMT
Is there any understanding or consensus on how the property loans would be affected by the new fixed rates? Would it make sense for them to offer a secured property loan A or A+ at 10% vis-à-vis an unsecured A or A+ at a lower fixed rate?
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Post by GSV3MIaC on Sept 3, 2015 9:00:00 GMT
They already do though (and no, it doesn't make sense to me either).
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Post by nickthefool on Sept 3, 2015 9:00:09 GMT
I expect they are hoping to keep property loans similar to now. Not sure what their criteria are but they certainly have more than 1 rate (per term/risk band).
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registerme
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Post by registerme on Sept 3, 2015 10:05:19 GMT
The difference will be in the approach flippers take to the SM - how much of a discount will you need to provide to shift a part, and will that outweigh the cashback you might have got?
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Post by GSV3MIaC on Sept 3, 2015 13:37:55 GMT
And when !! .. Freaky Calendar have been a bit vague about exactly when 'in/over the next month' these changes (most notable autobodge buying at a discount) are actually going to occur. Of course 'being a bit vague' is what they have their Post Doctorate in. 8>.
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blender
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Post by blender on Sept 3, 2015 17:01:21 GMT
And when !! .. Freaky Calendar have been a bit vague about exactly when 'in/over the next month' these changes (most notable autobodge buying at a discount) are actually going to occur. Of course 'being a bit vague' is what they have their Post Doctorate in. 8>. What's a Post Doctorate and how do we get one?
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Post by GSV3MIaC on Sept 3, 2015 22:20:21 GMT
The next level up from PhD ... Or down, depending on your POV.
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blender
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Post by blender on Sept 4, 2015 7:33:01 GMT
The next level up from PhD ... Or down, depending on your POV. You are right that 'being a bit vague' would count as philosophy.
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Post by pepperpot on Sept 4, 2015 9:11:04 GMT
And when !! .. Freaky Calendar have been a bit vague about exactly when 'in/over the next month' these changes (most notable autobodge buying at a discount) are actually going to occur. Of course 'being a bit vague' is what they have their Post Doctorate in. 8>. Does that have anything to do with the doctorine I received in the post the other day?
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arbster
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Post by arbster on Sept 4, 2015 9:43:58 GMT
Northants 5 just popped up - 10%, no CB.
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fasty
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Post by fasty on Sept 4, 2015 9:50:46 GMT
Northants 5 just popped up - 10%, no CB. Thanks for the reminder. It looks more favourable in light of the new fixed rate regime.
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SteveT
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Post by SteveT on Sept 4, 2015 13:47:31 GMT
Ramsgate 1 (15500), A+ £390k (27%LTV), 12 months term, 8%+2%CB. Seems like this is the only tranche so presumably the borrower must want the money quickly for 2%CB to have been added in teh current climate.
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SteveT
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Post by SteveT on Sept 4, 2015 13:54:33 GMT
Nothing obvious. It's half built already with most of the funding as developer equity. Should flip pretty well I suspect
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Post by nickthefool on Sept 4, 2015 14:22:04 GMT
Trying to decide how much to put into this one, I suspect it will flip pretty easily.
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