stevio
Member of DD Central
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Post by stevio on Nov 6, 2015 7:49:38 GMT
You'll struggle with FS then as most of their property loans seem to be around 70% and about a third 2nd charge I agree so have very little on FS at the moment although this is more in the fact that I can't be bothered to sit around when loans come up and try to click with in 20 seconds Agree, also the time just to transfer the funds and log it as a deposit with FS is annoying, particularly for £25 lots (can I really be bothered for £1.20 return after tax!). I would much prefer debit card transaction, this would add cost to FS, but they might save this in manpower (womenpower it seems at FS) in correlating deposits into their client account. Also pre-funding option like SS would save a) having to be around at the specific time b) fair competition rather than fastest finger first
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Post by fundingsecure on Nov 6, 2015 11:31:55 GMT
New loan to be posted tomorrow, Saturday 7th of November at 2pm. Secured against two Rolex watches valued at £6,600.. Loan Amount: £4,700 Interest: 12% pa LTV 71.2% As this is a renewal there will be a bid restriction of £25 for the first 24 hours More detailsFundingSecure |
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SteveT
Member of DD Central
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Post by SteveT on Nov 6, 2015 13:15:51 GMT
New loan to be posted tomorrow, Friday 6th November, at 3pm. Secured by a second charge on a property in Nuneaton valued at £350,000. The details released give no indication of the purpose of the loan or, probably more importantly, how the borrower intends to repay the loan. fundingsecure: What is the exit plan? Exit plan notes now added on the website: will be repaid with business income and other source of funds expected in Q1 16. Given that Salop has just repaid a week earlier than advertised, I suspect this one will fill pretty quickly regardless of the dubious risk / reward profile!
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Post by fundingsecure on Nov 6, 2015 13:43:14 GMT
New loan to be posted tomorrow, Saturday 7th of November at 2pm. Secured against 1966 E-type Jaguar valued at £60,000 Loan Amount: £25,000 Interest: 12% pa LTV 41.7% As this is a renewal there will be a bid restriction of £100 for the first 24 hours More detailsFundingSecure |
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mikes1531
Member of DD Central
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Post by mikes1531 on Nov 7, 2015 14:26:40 GMT
If anyone was interested in investing more than £1000 into the Nuneaton property loan, it looks like the maximum bid restriction has been lifted -- a bit early!
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Post by fundingsecure on Nov 10, 2015 13:26:46 GMT
New loan to be posted tomorrow, Wednesday 11th of November at 12 noon. Secured by a first charge on a property in Telford with an estimated value of £80,000. Loan Amount: £30,000 Interest: 11% pa LTV 37.5% There will be a bid restriction of £500 for the first 24 hours More detailsFundingSecure |
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428
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Post by sqh on Nov 10, 2015 13:42:09 GMT
New loan to be posted tomorrow, Wednesday 11th of November at 12 noon. Secured by a first charge on a property in Telford with an estimated value of £80,000. Loan Amount: £30,000 Interest: 11% pa LTV 37.5% There will be a bid restriction of £500 for the first 24 hours More detailsFundingSecure . Can you please state the anticipated drawdown date for this loan?
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ablender
Member of DD Central
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Post by ablender on Nov 10, 2015 13:47:02 GMT
Any preview documents for this loan?
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stevio
Member of DD Central
Posts: 2,065
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Post by stevio on Nov 10, 2015 13:48:13 GMT
New loan to be posted tomorrow, Wednesday 11th of November at 12 noon. Secured by a first charge on a property in Telford with an estimated value of £80,000. Loan Amount: £30,000 Interest: 11% pa LTV 37.5% There will be a bid restriction of £500 for the first 24 hours More detailsFundingSecure Can you update your website with the details in the same time span as you send out the emails and post on here - it's annoying that you receive an email, expecting more details to be on the website (like a valuation or something), login only to find it hasn't been added till an hour or so after the email and have to guess at when the details on the website have been added
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ablender
Member of DD Central
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Post by ablender on Nov 10, 2015 14:08:06 GMT
Docs Link on web now. Thanks.
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webwiz
Posts: 1,133
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Post by webwiz on Nov 10, 2015 17:35:47 GMT
I have no problem with the value estimate. Unless there is some unusual factor like subsidence or radioactivity the LTV has if anything been overstated.
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Post by bracknellboy on Nov 10, 2015 19:42:35 GMT
Wow. I'm living in the wrong part of the world. 3 bed house in Telford, est. value £80k  ?? I'll have 8 of them please. |
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Post by martinox on Nov 11, 2015 12:07:43 GMT
Fully funded in less than two minutes. You have to be quick on the draw don't you???
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Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564
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Post by Investboy on Nov 11, 2015 12:09:45 GMT
Gone in <2 minutes. That is a competitive market.
I don't know how @* does it but he was first to bid.
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Post by xyon100 on Nov 11, 2015 12:11:56 GMT
I thought it was under a minute. Limited to £500 for the first 24 hours?! I had no idea it was like that but fortunately now have my first investment on this platform. :-)
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?? I'll have 8 of them please.