SteveT
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Post by SteveT on Nov 20, 2015 12:20:43 GMT
You can currently buy A+s on the SM cheaper than As .. although all such distinctions are probably rather imaginary anyway.... of course new chums won't know that, and will go for the nice safe A+s. I wish they get some from the SM. What is it that you're struggling to sell? Despite the Autobodge lever being pushed hard-over to help fill all the PM auctions, I'm finding there's still plenty of manual bidding on the SM providing you've priced your parts at or near "best available". Have you checked what other sellers are offering in the same loans?
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ablender
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Post by ablender on Nov 20, 2015 12:27:45 GMT
I wish they get some from the SM. What is it that you're struggling to sell? Despite the Autobodge lever being pushed hard-over to help fill all the PM auctions, I'm finding there's still plenty of manual bidding on the SM providing you've priced your parts at or near "best available". Have you checked what other sellers are offering in the same loans? I have put everything on the market with up to -0.5 discount. Rates vary from 7.9% to 9%. Most are around the £20 mark. All are A+.
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Post by goldservice on Nov 20, 2015 13:40:42 GMT
When I choose a selling price I look at the SM, sorted into Buyer Rate order and filtered for the relevant Risk Band, and choose the buyer rate of the loan on the 12th line down. For A+ that is currently 9.5%. Then I get reasonably fast sales.
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ablender
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Post by ablender on Nov 20, 2015 13:43:41 GMT
Thanks. I'll try it.
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acky
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Post by acky on Nov 20, 2015 13:50:12 GMT
It's a property development loan and so they can set the rate where they wish. Having looked at the first image of completed developments on the investor report I am happy to avoid supporting such bad taste, even in Luton. I think its more an A+ than an A so I am in for the term. I am sure it will fit in very nicely with Luton. You can take that in which ever way you like. Certainly not an A+ in my book! The property has a current market value of £650k and potentially £2m+ with planning permission according to the Investor Report, and LTV is based on £650k. But it won't be worth £650k for long - it will shortly either be worth £2m+ or it will have a negative planning history - so what value in the latter scenario I wonder?
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TitoPuente
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Post by TitoPuente on Nov 20, 2015 14:58:29 GMT
17546 "This loan has been de-listed due to the completion date being pushed back so the borrower does not require funds yet. We expect it to be re-listed early next week. Thanks,FC."
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jayjay
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Post by jayjay on Nov 20, 2015 15:23:15 GMT
I think its more an A+ than an A so I am in for the term. I am sure it will fit in very nicely with Luton. You can take that in which ever way you like. Certainly not an A+ in my book! The property has a current market value of £650k and potentially £2m+ with planning permission according to the Investor Report, and LTV is based on £650k. But it won't be worth £650k for long - it will shortly either be worth £2m+ or it will have a negative planning history - so what value in the latter scenario I wonder? Its a brownfield town centre site. They will be able to put something on it hence the independent valuation (by experts?) regardless of any number of planning requests turned down. In extremis, we are only asking receivers to get £450k+ for it in a fire sale. Anyway I just got all my money back in my face! So we can reconsider it next week. Perhaps we will know more then.
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blender
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Post by blender on Nov 20, 2015 17:50:06 GMT
17546 "This loan has been de-listed due to the completion date being pushed back so the borrower does not require funds yet. We expect it to be re-listed early next week. Thanks,FC." Not a technical error, then? It will be interesting to see if it changes on re-listing, say to 10%.
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acky
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Post by acky on Nov 20, 2015 17:53:47 GMT
17546 "This loan has been de-listed due to the completion date being pushed back so the borrower does not require funds yet. We expect it to be re-listed early next week. Thanks,FC." Not a technical error, then? It will be interesting to see if it changes on re-listing, say to 10%. That's 'cos it's not Failproof Corporation's fault. If borrower's fault, blame borrower, if own fault, blame "technical error".
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jamesc
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Post by jamesc on Nov 23, 2015 12:47:34 GMT
Beaconsfield 14505 just repaid early wonder what autobodge does with all that cash ?
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am
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Post by am on Nov 23, 2015 12:54:10 GMT
17546 "This loan has been de-listed due to the completion date being pushed back so the borrower does not require funds yet. We expect it to be re-listed early next week. Thanks,FC." Not a technical error, then? It will be interesting to see if it changes on re-listing, say to 10%. It's back, at the original 9.5%.
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SteveT
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Post by SteveT on Nov 23, 2015 13:04:03 GMT
Beaconsfield 14505 just repaid early wonder what autobodge does with all that cash ? Thanks. I was wondering what had repaid and couldn't work it out from my phone!
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ptr120
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Post by ptr120 on Nov 23, 2015 13:07:53 GMT
Has Croydon also been repaid? didn't think I had that much in Beckensfield and I've just had a lump of cash repaid
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fasty
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Post by fasty on Nov 23, 2015 13:28:40 GMT
Beaconsfield 14505 just repaid early wonder what autobodge does with all that cash ? Was that an "A" at 12% ? Damn!
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SteveT
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Post by SteveT on Nov 23, 2015 13:35:03 GMT
Yup. I'm feeling a little guilty about all the parts I sold in the last few weeks at a healthy premium.
[Update: I'm over it now]
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