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Post by yorkshireman on Feb 5, 2016 20:45:58 GMT
I hope that’s before the curry? I’ve just returned from a spot of quality control of HSBC Cock o’ the North, wonderful stuff!  edit: Halifax Steam etc hasn't got down here yet. Looks tasty. It’s actually better than the Whitakers brew of the same name of 50 years ago.
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jonah
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Post by jonah on Feb 5, 2016 21:37:46 GMT
My highly unscientific poll of property parts shows a sizeable increase in parts offered at par or discount today, compared to even a few days ago. I don't know if anyone has better numbers to confirm?
Assuming that is the case, any theories as to why? People selling out to have cash for upcoming cashback maybe?
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am
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Post by am on Feb 5, 2016 23:38:45 GMT
My highly unscientific poll of property parts shows a sizeable increase in parts offered at par or discount today, compared to even a few days ago. I don't know if anyone has better numbers to confirm? Assuming that is the case, any theories as to why? People selling out to have cash for upcoming cashback maybe? I'm wondering if people are pulling out cash to pay their tax bills.
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sl75
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Post by sl75 on Feb 6, 2016 0:21:33 GMT
My highly unscientific poll of property parts shows a sizeable increase in parts offered at par or discount today, compared to even a few days ago. I don't know if anyone has better numbers to confirm? Assuming that is the case, any theories as to why? People selling out to have cash for upcoming cashback maybe? Don't know what you were seeing, but (not specifically searching for property parts) I'm seeing 116 pages of 50 parts (about 5800 parts), which continues the week-on-week downward trend of the last few weeks, albeit not reducing by as much as I was expecting last week... although it's pretty similar to the last couple of days, presumably due to the large number of opportunities on the PM.
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bigfoot12
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Post by bigfoot12 on Feb 6, 2016 8:05:50 GMT
My highly unscientific poll of property parts shows a sizeable increase in parts offered at par or discount today, compared to even a few days ago. I don't know if anyone has better numbers to confirm? Assuming that is the case, any theories as to why? People selling out to have cash for upcoming cashback maybe? Don't know what you were seeing, but (not specifically searching for property parts) I'm seeing 116 pages of 50 parts (about 5800 parts), which continues the week-on-week downward trend of the last few weeks, albeit not reducing by as much as I was expecting last week... although it's pretty similar to the last couple of days, presumably due to the large number of opportunities on the PM. I am more with jonah, I look at something slightly different, but it is for property parts only. The average rate of all property parts increased yesterday to the highest I have seen for about two weeks, but still far below the levels before Christmas.
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jonah
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Post by jonah on Feb 6, 2016 9:26:55 GMT
I was looking at the SM for loans I have. With 0 premium, the number of loans and parts per loan is probably double on Friday evening compared to say Tuesday.
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metoo
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Post by metoo on Feb 6, 2016 13:08:58 GMT
Perhaps it depends exactly which loans. I'm not seeing that on property loans, though there are some large value parts being dumped which don't shift easily, hence the higher rates offered on those. Overall, numbers of A+ parts at par/discount are at almost the lowest level this year, just 1% more last night than the night before, but it fluctuates anyway as it has been falling, down 80% in the last 4 weeks alone. Individual sellers will affect the numbers of parts and prices with so few parts on offer.
Edit: a new low in numbers of par/discount A+ parts overall, 6% fewer than 24h ago.
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guff
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Post by guff on Feb 7, 2016 12:50:56 GMT
Still not looking good for WB6 compared to WB4, even when discounting the long ones £50k:   Portent for the reintroduction of CB? |
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Post by GSV3MIaC on Feb 7, 2016 13:07:09 GMT
Or FCSL will just step in with their £20 bid-bot (just because their IT is eating whole loans doesn't mean they can't also play the summer-student-last-minute-buy-fest card).
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metoo
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Post by metoo on Feb 7, 2016 19:20:38 GMT
Or FCSL will just step in with their £20 bid-bot (just because their IT is eating whole loans doesn't mean they can't also play the summer-student-last-minute-buy-fest card). Should be too much left. I wonder, how much is the highest % they've bought?
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acky
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Post by acky on Feb 7, 2016 19:48:10 GMT
Or FCSL will just step in with their £20 bid-bot (just because their IT is eating whole loans doesn't mean they can't also play the summer-student-last-minute-buy-fest card). Should be too much left. I wonder, how much is the highest % they've bought? 100% - Tewkesbury 3 - but then that was a technical error!
I agree they won't buy up West Byfleet - would be far too much. I think they may have to polish off one or two of the other loans though - Challock 3, N1 London 2, and probably more to come.
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Post by GSV3MIaC on Feb 7, 2016 20:04:46 GMT
Or FCSL will just step in with their £20 bid-bot (just because their IT is eating whole loans doesn't mean they can't also play the summer-student-last-minute-buy-fest card). Should be too much left. I wonder, how much is the highest % they've bought? From memory, I think they once bought £50k+, although that was rather a small percentage because it was rather a large tranche. Hopefully you are right, and they'll go to 1% CB instead, but it isn't certain. They have also been known to pull the loans and come back with smaller tranches, different rate/term, etc. etc.
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am
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Post by am on Feb 7, 2016 20:28:50 GMT
Should be too much left. I wonder, how much is the highest % they've bought? From memory, I think they once bought £50k+, although that was rather a small percentage because it was rather a large tranche. Hopefully you are right, and they'll go to 1% CB instead, but it isn't certain. They have also been known to pull the loans and come back with smaller tranches, different rate/term, etc. etc. If I recall correctly they've only pulled the loan and relisted at a different rate in the case of first tranches. In the case of Byfleet the borrower has already agreed terms with FC, and would be dischuffed to have the rate changed under them.
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metoo
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Post by metoo on Feb 7, 2016 21:16:21 GMT
From memory, I think they once bought £50k+, although that was rather a small percentage because it was rather a large tranche. Hopefully you are right, and they'll go to 1% CB instead, but it isn't certain. They have also been known to pull the loans and come back with smaller tranches, different rate/term, etc. etc. If I recall correctly they've only pulled the loan and relisted at a different rate in the case of first tranches. In the case of Byfleet the borrower has already agreed terms with FC, and would be dischuffed to have the rate changed under them. Yes, rate and term can't be changed at this stage. Rate is fixed for the whole project come what may after tranche 1 is accepted until refinancing. Some old loans limped home on 7.5% interest with CB assist, even 7% interest I think? Term is also essentially fixed from the outset, though tranches fall at different days of the month. Relisting of later tranches was only ever done when loans wouldn't fill with 2% CB. After that, 3% CB was needed on small tranches ...
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blender
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Post by blender on Feb 7, 2016 22:05:38 GMT
Byfleet cash back? If they did it would be only 1%. And perhaps rather than that we will see the first case of the symmetry that we were told about - where a partial loan reject gets offered as a whole loan.
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