kt
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Post by kt on Apr 15, 2016 13:41:39 GMT
The iPad offer I assumed was because they needed a cash injection. Yet loans I would be exceedingly wary of are filling. So there must be a lot of new cash invested?
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blender
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Post by blender on Apr 15, 2016 14:02:06 GMT
The iPad offer I assumed was because they needed a cash injection. Yet loans I would be exceedingly wary of are filling. So there must be a lot of new cash invested? Yes, or they have stopped cash being withdrawn. I think that many were keeping cash waiting for the ISA. They announced the ipad offer at the approx same time as the fact that the ISA was delayed till at least mid May. Some of that cash would have come back until the ISA was available, but they have overcooked it with the ipad offer, imo. People will sell again after mid May.
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min
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Post by min on Apr 15, 2016 14:19:56 GMT
I put up some 'A' properties at around 9.2% and they went like hotcakes. Surprised me too. I've been putting my A 10% property loans up at 8.2% and they've been flying off the shelves. A+ 10% ones going for under 8%. Seems like a good time to sell so I've speeded up my FCExit - withdrawn £1000 in just 3 days.
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kt
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Post by kt on Apr 15, 2016 16:35:37 GMT
I put up some 'A' properties at around 9.2% and they went like hotcakes. Surprised me too. Seems like a good time to sell so I've speeded up my FCExit - withdrawn £1000 in just 3 days. I can not help but hear that as 'FeckCit' 
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min
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Post by min on Apr 15, 2016 18:44:02 GMT
Seems like a good time to sell so I've speeded up my FCExit - withdrawn £1000 in just 3 days. I can not help but hear that as 'FeckCit' I've also heard it called FCOff ( oldgrumpy ?)
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adrianc
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Post by adrianc on Apr 16, 2016 10:55:24 GMT
I put up some 'A' properties at around 9.2% and they went like hotcakes. Surprised me too. I've been putting my A 10% property loans up at 8.2% and they've been flying off the shelves. A+ 10% ones going for under 8%. Seems like a good time to sell so I've speeded up my FCExit - withdrawn £1000 in just 3 days. I've even sold a few of the recent 8%+2% CB A parts at par.
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Post by longjohn on Apr 16, 2016 11:12:54 GMT
I'm not sure whether Fumbling Circus has recently been joined by a posse of the hard-of-thinking, or whether perhaps the appeal of a shiny iPad is stronger than I imagined.
The influx of new investors has been pretty steady over the last few years. Almost a straight line on a chart. Here's one for the last 12 months. After the Xmas dip there has been a small but steady increase in new people joining FC. I'm guessing but I think a lot of these newcomers are not depositing much cash hence the offers of iPads. Maybe they are testing the water before an ISA becomes available.  I assume that proportionally the same percentage of hard-of-thinking have joined. John
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andyp
Stubborn Yorkshireman from the rhubarb triangle
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Post by andyp on Apr 16, 2016 13:02:40 GMT
SM loans are definitely flying off the shelves today at good premiums, I've shifted nearly £3k today.
There are now only three loans of any risk band on the SM at nil premium, all property. Two are the recent unattractive East London refinance that needed a 2% cashback to get over the line, the other is an A+ in £960 lumps (why do people buy such difficult to shift big lumps?)
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metoo
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Post by metoo on Apr 16, 2016 14:00:15 GMT
... the other is an A+ in £960 lumps (why do people buy such difficult to shift big lumps?) I believe it's a well known individual lender with very deep pockets, who has evidently decided to move camp elsewhere and has been selling these for several weeks to liquidate. As such, it's not just the size of the lumps but the sheer amount to be shifted. Presumably the early exit was not planned when the loans were bought!
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Post by brianac on Apr 17, 2016 19:47:59 GMT
SM loans are definitely flying off the shelves today at good premiums, I've shifted nearly £3k today. There are now only three loans of any risk band on the SM at nil premium, all property. Two are the recent unattractive East London refinance that needed a 2% cashback to get over the line, the other is an A+ in £960 lumps (why do people buy such difficult to shift big lumps?) I was making an orderly withdrawal, but this thread prompted me to put everything (well, everything I was allowed at least) up at 3% premium this morning, sold two already, see how things devleop. I hope the "better providers" (or maybe that's Alternative Company) IF ISA hurries up, need somewhere safe to put it Brian
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TitoPuente
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Post by TitoPuente on Oct 10, 2016 20:28:31 GMT
(I had to unearth this beloved golden age thread)
There are right now a couple of property A+ 10 percenters that are filling very slowly. Is this because of the size or are there any other concerns? I haven't been around for a while.
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fasty
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Post by fasty on Oct 10, 2016 21:06:03 GMT
I believe it's primarily because of the size and the fact that earlier tranches have only recently filled for both. Perhaps it's time for some CASHBACK !!!  I would buy some more if there was cashback... |
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blender
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Post by blender on Oct 10, 2016 21:40:10 GMT
It's not just that. There is real distaste for the H loan in another place based on past performance.
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fasty
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Post by fasty on Oct 10, 2016 22:06:25 GMT
It's not just that. There is real distaste for the H loan in another place based on past performance. Thanks for the observation, blender. I had stopped looking at that particular other place.
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blender
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Post by blender on Oct 10, 2016 22:14:23 GMT
It's very entertaining to watch. Not just the fury over the late property loans, but also a real ding dong over the weekend which resulted in the whole thread being removed and some forum members given warnings. A much improved board. Particularly He--, pepperpot, though the 12 months means you can hold it for ten, with your bargepole and with your nose held, and then exit.
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I would buy some more if there was cashback...