SteveT
Member of DD Central
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Post by SteveT on Oct 21, 2015 15:53:48 GMT
For the benefit of any SS lenders who are not already signed up with MT, a very SS-like bridging loan is launching on MT tomorrow afternoon at 4pm (£522k loan, up to 24 months term, 2nd charge on Cardiff development site with combined LTV of 48.3%, 12% interest paid as 1%pm).
MT also is launching its Secondary Market within the next month, for those wanting to be able to reduce/sell loan parts later (operating along much the same lines as SS's). More details available on the MT board.
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Post by solicitorious on Oct 21, 2015 16:13:05 GMT
LTV90: 47.03%
LTV50: 42.00%
LTV0: 35.71%
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paulg
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Post by paulg on Oct 22, 2015 11:33:46 GMT
For the benefit of any SS lenders who are not already signed up with MT, a very SS-like bridging loan is launching on MT tomorrow afternoon at 4pm (£522k loan, up to 24 months term, 2nd charge on Cardiff development site with combined LTV of 48.3%, 12% interest paid as 1%pm). MT also is launching its Secondary Market within the next month, for those wanting to be able to reduce/sell loan parts later (operating along much the same lines as SS's). More details available on the MT board. This looks like the same borrower as PBL25. I wonder why he's gone to MT for this one instead of SS?
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SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
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Post by SteveT on Oct 22, 2015 11:41:04 GMT
For the benefit of any SS lenders who are not already signed up with MT, a very SS-like bridging loan is launching on MT tomorrow afternoon at 4pm (£522k loan, up to 24 months term, 2nd charge on Cardiff development site with combined LTV of 48.3%, 12% interest paid as 1%pm). MT also is launching its Secondary Market within the next month, for those wanting to be able to reduce/sell loan parts later (operating along much the same lines as SS's). More details available on the MT board. This looks like the same borrower as PBL25. I wonder why he's gone to MT for this one instead of SS? I wondered that. Perhaps the 24 month term (more a development loan than a pure bridging loan) demanded keener terms than SS would offer. Or else maybe he wants to bring another lender into the frame to make borrowing competitive in future.
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SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
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Post by SteveT on Oct 23, 2015 15:14:45 GMT
£300k gone (£70k of that immediately after the opening 24 hour bid limit was lifted), £220k remaining
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boble
Posts: 150
Likes: 65
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Post by boble on Oct 23, 2015 18:09:04 GMT
For the benefit of any SS lenders who are not already signed up with MT, a very SS-like bridging loan is launching on MT tomorrow afternoon at 4pm (£522k loan, up to 24 months term, 2nd charge on Cardiff development site with combined LTV of 48.3%, 12% interest paid as 1%pm). MT also is launching its Secondary Market within the next month, for those wanting to be able to reduce/sell loan parts later (operating along much the same lines as SS's). More details available on the MT board. Would you send me a link to MT please. A search for MT peer to peer lemding didnt ptoduce anything othetr than a USA site. Is that it?
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Post by trentenders on Oct 23, 2015 18:12:13 GMT
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Post by uncletone on Oct 23, 2015 21:38:49 GMT
Ah. The first time MoneyThing has been defined for a poster who has no idea who MT might be. Well done.
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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 Oct 24, 2015 19:43:35 GMT
Must read to any new investor is glossary: p2pindependentforum.com/thread/257/glossaryWhen I first joined the forum, not long time ago, all the post were like hieroglyphs. But after reading above all those codes made sense. |
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Post by uncletone on Oct 25, 2015 9:50:24 GMT
All the posts are still like hieroglyphs. One is expected to learn the language. Most of these good folk seem to have a keyboard phobia. 
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jonbvn
Member of DD Central
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Post by jonbvn on Oct 26, 2015 17:43:35 GMT
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Post by mrclondon on Oct 26, 2015 20:33:01 GMT
Whilst obviously true at one level, a diet of very little other than property bridging loans is both boring and potentially damaging to the digestive system.
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jonbvn
Member of DD Central
Posts: 326
Likes: 95
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Post by jonbvn on Oct 27, 2015 0:45:10 GMT
Well there is the Lambo to spice things up for you;)
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SteveT
Member of DD Central
Posts: 6,875
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Post by SteveT on Nov 16, 2015 17:25:00 GMT
If anyone is kicking their heels waiting for the SS pipeline to issue forth, MoneyThing's £2m first tranche bridging loan in Huddersfield (same scheme and borrower as SS's PBL25) is now offering 12% interest immediately when you invest, plus 1.5% cashback when it draws down (which is slated for Fri 27th).
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