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Post by betterthanworking on Aug 11, 2015 14:55:42 GMT
My sales of property-at-par are up by 4 or 5 times normal. Presumably with so few loans being offered on the primary market, autobid is redirecting its attention. A good time to have a bit of a clear-out.
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blender
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Post by blender on Aug 11, 2015 15:12:42 GMT
I agree. Have been using this period to sell old parts (with 4 figure loan numbers) and have my 10% A property loans all for sale at par. Someone has just bought nearly £2000 of such a loan which I had had for a week or so. The interest nearly pays the fees and so left with the 2% cash back. The APR must be enormous - though it still ends up as £40.
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adrianc
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Post by adrianc on Aug 11, 2015 17:30:00 GMT
<sniffle>
Hello? Somebody? Buy mine, please?
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am
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Post by am on Aug 11, 2015 21:35:58 GMT
This is rather a fun game. I recently sold most of my SW England property loans at par that I had bought with splash back. I then bought most of them back at a discount of 1.7%, and they are now selling again at par. all this with the knowledge that most for the development has been sold off plan. <link redacted> Happy days. You may have just killed the golden goose - the largest discount is now well below 1.7%.
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Post by goldservice on Aug 12, 2015 6:56:23 GMT
This is rather a fun game. I recently sold most of my SW England property loans at par that I had bought with splash back. I then bought most of them back at a discount of 1.7%, and they are now selling again at par. all this with the knowledge that most for the development has been sold off plan. towanheights.co.uk/?page_id=693 Happy days. Could you say how many parts you actually sold and how many you had for sale, per day? Then I can better compare with my own miserable rate of sale (and you can feel even more chuffed  : I have 210 parts for sale in about 7 loans and sell only one or two parts in total per day with no improvement in recent days. Edit: My parts on sale are all £20 parts in property loans.
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registerme
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Post by registerme on Aug 12, 2015 7:01:36 GMT
I have about fifty parts up for sale at par and am only managing to shift one every four or five days  . |
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SteveT
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Post by SteveT on Aug 12, 2015 7:08:07 GMT
This is rather a fun game. I recently sold most of my SW England property loans at par that I had bought with splash back. I then bought most of them back at a discount of 1.7%, and they are now selling again at par. all this with the knowledge that most for the development has been sold off plan. towanheights.co.uk/?page_id=693 Happy days. Could you say how many parts you actually sold and how many you had for sale, per day? Then I can better compare with my own miserable rate of sale (and you can feel even more chuffed : I have 210 parts for sale in about 7 loans and sell only one or two parts in total per day with no improvement in recent days. I've had 30 parts sell at par in the last 48 hours, out of around 800 listed. That's about 4 times my recent run-rate over the last month or so, but the sales have mainly been focussed in 5 or 6 loans (others have had no takers). There must be some sort of "pecking order" when Autobid goes shopping.
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Post by bracknellboy on Aug 12, 2015 7:27:04 GMT
This is rather a fun game. I recently sold most of my SW England property loans at par that I had bought with splash back. I then bought most of them back at a discount of 1.7%, and they are now selling again at par. all this with the knowledge that most for the development has been sold off plan. towanheights.co.uk/?page_id=693 Happy days. : would I be right in saying that link essentially allows the borrower to be identified (either dicrectly or indirectly) ? If so, please remove the link.
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arbster
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Post by arbster on Aug 12, 2015 7:36:13 GMT
Newbie question, but I'm working on the basis that loan parts put up for sale on FC continue to receive repayments as normal. Is this correct? Nothing leads me to doubt this, but just wanted to ask before I leave a number unattended for a couple of weeks.
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SteveT
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Post by SteveT on Aug 12, 2015 7:44:00 GMT
Newbie question, but I'm working on the basis that loan parts put up for sale on FC continue to receive repayments as normal. Is this correct? Nothing leads me to doubt this, but just wanted to ask before I leave a number unattended for a couple of weeks. Yes, you continue to accrue the right to interest while your parts are listed on the SM, which is paid to you by the buyer when a part sells. If a monthly repayment is made while your parts are listed, you receive it as normal.
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adrianc
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Post by adrianc on Aug 12, 2015 7:48:22 GMT
If a monthly repayment is made while your parts are listed, you receive it as normal. But a monthly repayment may well cause a part to fall off sale. If it goes to retry, it definitely will.
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acky
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Post by acky on Aug 12, 2015 7:54:40 GMT
I have about fifty parts up for sale at par and am only managing to shift one every four or five days .
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acky
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Post by acky on Aug 12, 2015 7:58:18 GMT
I've had 50 property loan parts for sale at par for 5 days (my first attempt to attract Autobid) and have not sold a single one! And I even tried to target loans where there didn't appear to be so many parts for sale at 0% as on some of the others!
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min
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Post by min on Aug 12, 2015 9:55:08 GMT
56 parts up for sale at par. Have sold 3 in the past week but only one of those was a property loan. The others are 5 year loans which I've had for a year. When 5 year loans are 11 months old I put them up for sale with a premium which depends on what others are selling same for. Once they go over the year they go on at par. Interestingly have sold 9 of the 11 month old ones in the last week - best premium 1.9%. Haven't tracked the number of lenders on Financial Cornucopia but my guess is that the property ones only tend to go to newbies as everyone else has probably already reached their max diversity allowance. In the very early days of Frighteningly Cavalier you could click on the name of the buyer and see when they joined. Presumably that feature was removed in the quest for 'improved communication'.  |
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Post by GSV3MIaC on Aug 12, 2015 18:16:32 GMT
About 300 property parts for sale at par and just two sold today. I suspect fudged computing has fiddled with the pm/sm slider again, maybe by accident, maybe as part of the new 65% setting.
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: I have 210 parts for sale in about 7 loans and sell only one or two parts in total per day with no improvement in recent days.
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