jayjay
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Post by jayjay on Nov 23, 2015 13:47:59 GMT
And 7158 Central London has also paid up early. This is the same borrowers as the Harley Street loan accepted this morning. I was not aware they were going to do this, but may have missed it.
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fasty
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Post by fasty on Nov 23, 2015 14:00:37 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] Time to find the impoverished pensioner who bought those loan parts with her life savings.... 
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acky
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Post by acky on Nov 23, 2015 14:12:17 GMT
Harley St. may be a dog, but knowing that tranche 2 would repay loan 7158, I managed to buy £10k of 7158 at 1% discount on the SM over the weekend, which got repaid at par this morning. AND as Feeble Computations can only pay a full month's interest, I paid £17 in accrued interest and got £67 back today. So £150 profit in 2 days and an XIRR or 1419%! It's still possible to make money on FC if you spot the opportunity! Unfortunately no-one's offering a discount on the third tranche of old Harley Street.
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acky
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Post by acky on Nov 23, 2015 14:15:05 GMT
Beaconsfield 14505 just repaid early wonder what autobodge does with all that cash ? 700k of new SME loans just come on the market - there's your answer (unfortunately!)
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SteveT
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Post by SteveT on Nov 23, 2015 14:22:47 GMT
Harley St. may be a dog, but knowing that tranche 2 would repay loan 7158, I managed to buy £10k of 7158 at 1% discount on the SM over the weekend, which got repaid at par this morning. AND as Feeble Computations can only pay a full month's interest, I paid £17 in accrued interest and got £67 back today. So £150 profit in 2 days and an XIRR or 1419%! It's still possible to make money on FC if you spot the opportunity! Unfortunately no-one's offering a discount on the third tranche of old Harley Street. Respect!
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sl75
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Post by sl75 on Nov 23, 2015 14:47:28 GMT
r.e. Beaconsfield, just had a look back on some sales (to see how poorly my buyers did) and noticed something strange on the markup entry; 0.7% but showing as £0.00, however it must have applied it as the accrued interest wouldn't amount to 30p. Technical error I guess...! As I recall, this old display issue is due to taking the % of the CURRENT loan part value rather than the % of the loan part value at the time of sale... When viewed immediately after the sale occurred, these are of course the same. You'd need to check your statement for the actual premium.
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am
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Post by am on Nov 23, 2015 16:05:24 GMT
And 7158 Central London has also paid up early. This is the same borrowers as the Harley Street loan accepted this morning. I was not aware they were going to do this, but may have missed it. Harley Street is a refinancing of Central London. As tranches are drawndown for Harley Street the corresponding Central London tranches are repaid.
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registerme
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Post by registerme on Nov 23, 2015 19:09:45 GMT
Just had a couple of loans repay early (but haven't yet figured out what they were), and there's a new 2% CB up - Godalming 2 #17595
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jayjay
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Post by jayjay on Nov 23, 2015 22:37:26 GMT
And 7158 Central London has also paid up early. This is the same borrowers as the Harley Street loan accepted this morning. I was not aware they were going to do this, but may have missed it. Harley Street is a refinancing of Central London. As tranches are drawndown for Harley Street the corresponding Central London tranches are repaid. I don't think I was the only one to miss this!!! Eh canny Acky?
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acky
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Post by acky on Nov 24, 2015 10:54:25 GMT
Harley Street is a refinancing of Central London. As tranches are drawndown for Harley Street the corresponding Central London tranches are repaid. I don't think I was the only one to miss this!!! Eh canny Acky? Sometimes it pays to read the Investor Report .... and sometimes not!
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TitoPuente
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Post by TitoPuente on Nov 24, 2015 12:10:15 GMT
I wonder why 17589 is not filling faster. It is a one-tranche of 450k, which is not too large to be property. The combination of size and a 9.5% headline should make it a relatively sound flip. Maybe the 1% CB is not enough incentive.
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acky
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Post by acky on Nov 24, 2015 12:15:11 GMT
I wonder why 17589 is not filling faster. It is a one-tranche of 450k, which is not too large to be property. The combination of size and a 9.5% headline should make it a relatively sound flip. Maybe the 1% CB is not enough incentive. Probably 'cos it's only an A. But I agree with your sentiment and I've piled in there! 
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SteveT
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Post by SteveT on Nov 24, 2015 12:17:04 GMT
The standard rate for an A is 10% so they're giving with one hand and taking away with the other. I dare say it would flip slowly but I can't be bothered with all the clicking for just 0.75% (net). I'll wait for the next decent 2%er to come along.
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jayjay
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Post by jayjay on Nov 24, 2015 12:33:01 GMT
Compare and contrast with Commercial Mortgage 17594. You cant believe that will go over the line without CB (it probably will) . But it certainly makes Luton look good.
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Post by aloanatlast on Nov 24, 2015 16:12:53 GMT
I wonder why 17589 is not filling faster. It is a one-tranche of 450k, which is not too large to be property. The combination of size and a 9.5% headline should make it a relatively sound flip. Maybe the 1% CB is not enough incentive. It's still under the 50% Autobid cap. All the rest has come from manual bidders - over £200K. The way things are now, that's pretty good. Most loans don't get a tenth of that from manual bidders.
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