am
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Post by am on Mar 17, 2016 13:47:16 GMT
Hendon 10 is looking a bit fragile, despite being smallish. I wonder if it'll come back at a higher rate, or maybe some of that missing CB? Hendon 10 has just disappeared from the live listings. It had less than 24hrs to go and hadn't reached 70% filled when I looked earlier this morning. Cashback anyone? If they were going to offer cashback then on past precedent they'd have left the listing up and added cashback rather than removing the listing.
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Investboy
Member of DD Central
Trying to recover from P2P revolution
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Post by Investboy on Mar 17, 2016 16:04:17 GMT
Looking at the image Property Development In London 4 (21294) has 1% cashabck
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kt
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Post by kt on Mar 17, 2016 16:19:10 GMT
Looking at the image Property Development In London 4 (21294) has 1% cashabck It does: Q. 16 Mar 2016 16:10 - FC Comment: Please note this loan has a 1% cashback offer applied. The terms and conditions for the cashback offer can be found via the following link: www.fundingcircle.com/offers. Thanks, FC
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kt
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Post by kt on Mar 17, 2016 16:26:16 GMT
Have you looked at that place on street view? How is that going to be 3 million?! This is a crazy loan. I advise you to read the Q and A before putting money on this. www.google.co.uk/maps/@51.5482014,-0.0735019,3a,75y,353.55h,88.59t/data=!3m6!1e1!3m4!1sy2hMOywrPvYkWPe5-PmmdA!2e0!7i13312!8i6656 |
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andyp
Stubborn Yorkshireman from the rhubarb triangle
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Post by andyp on Mar 17, 2016 17:14:13 GMT
No cashback, but Hendon 10 has just reappeared as 21359 with a more attractive 10% rate for a loan of £352,760.
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am
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Post by am on Mar 18, 2016 16:43:49 GMT
A loan has been relisted (as 21386) as 9% rather than 8%. The problem seems to be that people are exposed to the borrower via a different project.
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
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Post by andyp on Mar 18, 2016 17:13:04 GMT
Given that Hendon 10 is 87% filled in 24 hours and the Luton loan 21386 is 26% funded in 4 hours I would suggest that the rates on the original pulled loans were too low at 8% without cashback support. I notice that in the Q&A FC note Given the option to increase the rate is written into the loan agreements perhaps it is time to organise a buyers strike on all 8% property loans to push them to a more respectable rate.  |
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Post by GSV3MIaC on Mar 18, 2016 17:37:08 GMT
Lotsa luck trying to unionise autobiddies!!
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treeman
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Post by treeman on Mar 23, 2016 12:30:18 GMT
Just noticed that Property Development In London E8 2NP 5 Property and Construction - 21492 is now showing 2% CB though the icon is still for 1 %
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SteveT
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Post by SteveT on Mar 23, 2016 12:42:28 GMT
Just noticed that Property Development In London E8 2NP 5 Property and Construction - 21492 is now showing 2% CB though the icon is still for 1 % That's more like it. Now where is my debit card?
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kt
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Post by kt on Mar 23, 2016 13:47:48 GMT
Have you see the location? I can not see how that would be valued at 4 million.
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SteveT
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Post by SteveT on Mar 23, 2016 13:58:28 GMT
Have you see the location? I can not see how that would be valued at 4 million. I'm not planning on holding it long enough to test out the valuer's accuracy! I distinctly remember flipping this one first time around too.
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fasty
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Post by fasty on Mar 23, 2016 14:03:27 GMT
Have you see the location? I can not see how that would be valued at 4 million. I'm not planning on holding it long enough to test out the valuer's accuracy! I distinctly remember flipping this one first time around too. Yes, but keep in mind that this one is A not A+. Will it flip at 8%?
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treeman
Member of DD Central
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Post by treeman on Mar 23, 2016 14:05:23 GMT
Have you see the location? I can not see how that would be valued at 4 million. I'm not planning on holding it long enough to test out the valuer's accuracy! I distinctly remember flipping this one first time around too. Ha! Me neither! 3% on the next tranche ?
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SteveT
Member of DD Central
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Post by SteveT on Mar 23, 2016 14:08:17 GMT
I'm not planning on holding it long enough to test out the valuer's accuracy! I distinctly remember flipping this one first time around too. Yes, but keep in mind that this one is A not A+. Will it flip at 8%? I figured nothing ventured, nothing gained. But only a modest punt to test the water. Decent prospect for an early repayment too.
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