blender
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Post by blender on Dec 11, 2015 13:57:41 GMT
Best there's been for a little while. 3rd & final tranche too so should flip in due course. Regretting being suckered in by Alton 2 now! Alton2 is for sale at a discount of 0.7%. Lenders hoping to swap old lamps for new plus 1%, presumably. I have some cash in E bids, 7 days old, which I would rather have back for Alton. (E's are not good after that downgrade).
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Post by nightmare on Dec 11, 2015 14:25:27 GMT
I've grabbed a decent slice of 18206, only 1%CB but the 2nd tranch will be a tiddler and may not have any CB at all (certainly won't be more than 1%). Nearly full with 3 hours left before 100% autobodge comes into play so should be flippable for an Obadiah (minor prophet).
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acky
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Post by acky on Dec 11, 2015 14:37:07 GMT
I've grabbed a decent slice of 18206, only 1%CB but the 2nd tranch will be a tiddler and may not have any CB at all (certainly won't be more than 1%). Nearly full with 3 hours left before 100% autobodge comes into play so should be flippable for an Obadiah (minor prophet). That's so long as it doesn't get pulled AGAIN for a "technical error". But come on guys and gals, gobble up the other 5% please so that it can draw down today and not next week!!
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am
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Post by am on Dec 11, 2015 15:36:06 GMT
Best there's been for a little while. 3rd & final tranche too so should flip in due course. Regretting being suckered in by Alton 2 now! If they'd use Alton 1 & 2 to pay back Hampshire 1 I'd have some cash to go into Alton 3.
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wysiati
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Post by wysiati on Dec 11, 2015 16:46:18 GMT
I have some cash in E bids, 7 days old, which I would rather have back for Alton. (E's are not good after that downgrade). That one (E loan) should be available for sale once the CCJ is paid off and removed from the register.
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Post by GSV3MIaC on Dec 11, 2015 16:49:13 GMT
That depends on Father Christmas putting the risk band back, which is not automagically guaranteed to happen, at least not any time soon, even if the CCJ gets paid.
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wysiati
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Post by wysiati on Dec 11, 2015 17:57:17 GMT
No, not guaranteed, but it is how past instances have been handled. The notes say it should be removed from the register, which implies payment in the most likely scenario. The circumstances could always change, however.
The uncertainties involved are a key factor in why some are willing to sell out cheaply or even pay others to take the risk.
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blender
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Post by blender on Dec 11, 2015 20:06:01 GMT
If they have paid out £56k in cash so soon after the loan of £50k, FC may consider that they no longer reach the high standards expected of an E band borrower. FC were obviously unaware of the coming CCJ or they would not have RBRd it. We are not out of the woods yet, even if the CCJ is removed from the record.
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registerme
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Post by registerme on Dec 12, 2015 3:00:17 GMT
If they have paid out £56k in cash so soon after the loan of £50k, FC may consider that they no longer reach the high standards expected of an E band borrower. FC were obviously unaware of the coming CCJ or they would not have RBRd it. We are not out of the woods yet, even if the CCJ is removed from the record. The FCA is (should) going to have a field day with stuff like this.
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blender
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Post by blender on Dec 12, 2015 8:43:23 GMT
If they have paid out £56k in cash so soon after the loan of £50k, FC may consider that they no longer reach the high standards expected of an E band borrower. FC were obviously unaware of the coming CCJ or they would not have RBRd it. We are not out of the woods yet, even if the CCJ is removed from the record. The FCA is (should) going to have a field day with stuff like this. It's the nature of the beast, surely? And the problem comes with a direct p2p relationship between consumer lenders and companies in cash difficulties. The operator has to answer to FCA for managing that relationship between unequal peers. You can see why there is this tendency for operators to wish to mediate that relationship, or to make it nominal rather than real. It reduces costs of handling questions/complaints and reduces compliance risks. I am wondering how they will manage the consumer ISA. They cannot really afford to expose stuff like this to the punters and have to deal with complaints about individual £20 loan part losses. The challenge is to live within that 1% while passing all the risks to docile punters.
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Post by Deleted on Dec 13, 2015 15:40:29 GMT
Need to raise some funds, so just placed some parts of an A+ loan, Short Term Property Loan London 4, on secondary market at 10.2%.
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min
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Post by min on Dec 13, 2015 20:43:02 GMT
Need to raise some funds, so just placed some parts of A+ loan, Short Term Property Loan London 4, on secondary market at 10.2%. You didn't say they were £500 parts. Sorry not that sort of spare cash.
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Post by Deleted on Dec 13, 2015 21:08:46 GMT
Need to raise some funds, so just placed some parts of A+ loan, Short Term Property Loan London 4, on secondary market at 10.2%. You didn't say they were £500 parts. Sorry not that sort of spare cash. Takes a bit longer to sell the larger parts, but they should be gone in a day or two at this price.
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SteveT
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Post by SteveT on Dec 14, 2015 15:41:25 GMT
Having to chuckle at Faulty Cartography's description of 18300 as "Property Development in Petersfield Portsmouth 4". Petersfield is >15 miles from Pompey and even has a Guildford postcode.
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blender
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Post by blender on Dec 14, 2015 16:25:16 GMT
Having to chuckle at Faulty Cartography's description of 18300 as "Property Development in Petersfield Portsmouth 4". Petersfield is >15 miles from Pompey and even has a Guildford postcode. According to the investor report it is 17 miles - but you would not expect FC to be familiar with that, or such rustic provincial places - ' Location
Petersfield is a market town and civil parish in East Hampshire. It is 17 miles north of Portsmouth, via the A3 road.' They had Northumberland in Scotland a while back.
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