arbster
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Post by arbster on Jan 6, 2016 13:25:30 GMT
Failing Compass's map of UK seems to come from same source as their calendar. 18783 is property development in Trowbridge which they class as 'north west'. Last time I looked Wiltshire was in SW. They've said before that the location is that of the borrower, not necessarily of the development. Apparently.
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blender
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Post by blender on Jan 6, 2016 13:34:53 GMT
Failing Compass's map of UK seems to come from same source as their calendar. 18783 is property development in Trowbridge which they class as 'north west'. Last time I looked Wiltshire was in SW. They've said before that the location is that of the borrower, not necessarily of the development. Apparently. We cannot identify the borrower but the town in the name is quite near Coventry. The business region is unlikely to be NW. My money would go on the c*ck-*p.
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metoo
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Post by metoo on Jan 6, 2016 13:51:50 GMT
They've said before that the location is that of the borrower, not necessarily of the development. Apparently. We cannot identify the borrower but the town in the name is quite near Coventry. The business region is unlikely to be NW. My money would go on the c*ck-*p. Their registered address is Preston. It's one Frequent C*ck-*ps can enjoy getting right when it looks wrong! Why a company is registered in Preston, called a name in the Midlands and bulds in Wiltshire is for you to guess. Strong local heritage.
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blender
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Post by blender on Jan 6, 2016 14:27:31 GMT
We cannot identify the borrower but the town in the name is quite near Coventry. The business region is unlikely to be NW. My money would go on the c*ck-*p. Their registered address is Preston. It's one Frequent C*ck-*ps can enjoy getting right when it looks wrong! Why a company is registered in Preston, called a name in the Midlands and bulds in Wiltshire is for you to guess. Strong local heritage. Good job I did not bet on the c*ck-*p. Preston is definitely NW.
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metoo
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Post by metoo on Jan 6, 2016 15:59:21 GMT
Their registered address is Preston. It's one Frequent C*ck-*ps can enjoy getting right when it looks wrong! Why a company is registered in Preston, called a name in the Midlands and bulds in Wiltshire is for you to guess. Strong local heritage. Good job I did not bet on the c*ck-*p. Preston is definitely NW. has now promised to change the region to SW, but shouldn't as then it would technically be wrong and break all previous precedent. Shall we take bets on whether they will carry out their promise?
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TitoPuente
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Post by TitoPuente on Jan 6, 2016 21:40:10 GMT
Are cash-backs of any kind a thing of the past?
I am about to make my single largest withdrawal ever from Flintstones Cannibals.
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fasty
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Post by fasty on Jan 6, 2016 21:58:56 GMT
Are cash-backs of any kind a thing of the past? I am about to make my single largest withdrawal ever from Flintstones Cannibals. I believe someone else recently observed that historically, FC tends to exhibit seasonal behaviour. I have exploited this in previous years to churn unwanted low-rate parts at this time of year (typically those unfashionably low-rate property loans milked of cashback). I confidently predict that cashback will return, and eager developers will once again be willing to pay 12% for quickie bridging loans 
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nick
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Post by nick on Jan 6, 2016 22:37:20 GMT
I think cash back will eventually return in 1-2 months, but it is likely to be a generally lower level as demand permits. This would be part of the longer term trend of reduced incentives over time.
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blender
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Post by blender on Jan 6, 2016 23:41:59 GMT
In the past FC have paid 1% cash back on SME loans at times when the supply of lending opportunities has outstripped the demand. However, on property loans FC have always had to offer either all or some with cash back - at first systematic as part of a promotion, but more recently tactical. This is the first time that they have been able to remove cash back completely from property loans. It does relate to the January seasonal effect, but also to the purchase of whole property loans for the investment trust. I would not personally predict if and when cash back will reappear. They will not be keen to go to 2% again - giving away their fee.
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Post by GSV3MIaC on Jan 7, 2016 9:21:32 GMT
The cashback-less property loan has now stalled, so I expect it'll need a hand from FC, or 1% CB.
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blender
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Post by blender on Jan 7, 2016 9:40:06 GMT
The cashback-less property loan has now stalled, so I expect it'll need a hand from FC, or 1% CB. Hardly stalled - looking at Luton1 with FCViz. It is growing steadily at present with Autobidders and will stop soon at 50% (plus the manual bids) for a day. We will need to see how it fares when the next phase of Autobid cash is released. I hope you will be proved right.
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Post by GSV3MIaC on Jan 7, 2016 13:39:36 GMT
It didn't get to the 50% limit fast enough to be able to continue on to 100% with autobid money IMO. You may think differently ..
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SteveT
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Post by SteveT on Jan 7, 2016 13:43:21 GMT
It didn't get to the 50% limit fast enough to be able to continue on to 100% with autobid money IMO. You may think differently .. I assumed that Autobid is free to fill all loans to 100% after 2 days is up (rather than having to reach 50% by that time). I can't see what the logic would be of the latter.
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Post by GSV3MIaC on Jan 7, 2016 13:47:30 GMT
Yes it is .. my point was that usually it reaches 50% (plus manual) in a few hours, gets stuck until 2 days are up, and then motors on towards 100%. This one didn't get to 50% + manual until after a day, which I interpret as 'not enough pent up demand to fill the other 50% autbodgically'. Maybe it'll surprise me. Most autobodgers ought have exposure to the earlier loans already?
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blender
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Post by blender on Jan 7, 2016 16:23:24 GMT
Yes it is .. my point was that usually it reaches 50% (plus manual) in a few hours, gets stuck until 2 days are up, and then motors on towards 100%. This one didn't get to 50% + manual until after a day, which I interpret as 'not enough pent up demand to fill the other 50% autbodgically'. Maybe it'll surprise me. Most autobodgers ought have exposure to the earlier loans already? There is not a big difference of opinion here. Stalled seemed overstated for such a big loan, but it was not flying either. It has stalled since the 50% autobid contribution was reached and it will be instructive to see how much it picks up 48 hours after take off. I do hope an extra prop will be needed (though that sounds a bit mean).
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