SteveT
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Post by SteveT on Nov 13, 2015 8:05:25 GMT
17290 Property Tranche 2 2.0% Cashback Up now I'll venture a modest prediction that this one acquires 3%CB before it closes
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ablender
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Post by ablender on Nov 13, 2015 11:34:19 GMT
Great if it does.
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acky
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Post by acky on Nov 13, 2015 12:33:51 GMT
17290 Property Tranche 2 2.0% Cashback Up now I'll venture a modest prediction that this one acquires 3%CB before it closes Could well be, although I recall upping London 6 from 2% to 3% didn't really have much effect - until Feeling Charitable sent out an e-mail to whip up support. And 3% on Henley 3 hasn't made it go very quickly - surprising!
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SteveT
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Post by SteveT on Nov 16, 2015 9:16:08 GMT
17290 Property Tranche 2 2.0% Cashback Up now I'll venture a modest prediction that this one acquires 3%CB before it closes If 17290 doesn't get its 3%CB upgrade today then Fudge Chunks are going to end up owning a fair bit of Harley Street.
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am
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Post by am on Nov 16, 2015 10:01:09 GMT
I'll venture a modest prediction that this one acquires 3%CB before it closes If 17290 doesn't get its 3%CB upgrade today then Fudge Chunks are going to end up owning a fair bit of Harley Street. If it requires 3% cashback to get this tranche away then FC are still likely to end up owning a small, highly priced, bit of Harley Street. There's another £1.7m to come, so I doubt that they'd want to set a precedent with this tranche. (And with 3 days to run, it's probably not necessary to do the upgrade today.)
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sl75
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Post by sl75 on Nov 16, 2015 10:18:49 GMT
I'll venture a modest prediction that this one acquires 3%CB before it closes If 17290 doesn't get its 3%CB upgrade today then Fudge Chunks are going to end up owning a fair bit of Harley Street. It's been filling quite steadily over the weekend, and with everything else at or very close to 100%, it'll literally be the only thing left finishing this week for anyone to bid on soon... I think they'll only need to up the CB if they've got a whole load more property loans to dump on the PM today/tomorrow.
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ablender
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Post by ablender on Nov 16, 2015 10:20:40 GMT
I would not call the progress of this over the weekend as a steady flow.
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SteveT
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Post by SteveT on Nov 16, 2015 10:43:04 GMT
If 17290 doesn't get its 3%CB upgrade today then Fudge Chunks are going to end up owning a fair bit of Harley Street. It's been filling quite steadily over the weekend, and with everything else at or very close to 100%, it'll literally be the only thing left finishing this week for anyone to bid on soon... I think they'll only need to up the CB if they've got a whole load more property loans to dump on the PM today/tomorrow. Last night's Autobid run only fed in another £30k or so and the number of Autobiddies still uninvested in Harley St (either T1 or T2) must be fairly modest by now. If it's going to fill, it will need support from manual bidders for whom 8%+2CB over 24 months just doesn't cut it. You're probably right that they might another day before upping the CB, but I don't see it filling without it.
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sl75
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Post by sl75 on Nov 16, 2015 11:26:04 GMT
It's been filling quite steadily over the weekend, and with everything else at or very close to 100%, it'll literally be the only thing left finishing this week for anyone to bid on soon... I think they'll only need to up the CB if they've got a whole load more property loans to dump on the PM today/tomorrow. Last night's Autobid run only fed in another £30k or so and the number of Autobiddies still uninvested in Harley St (either T1 or T2) must be fairly modest by now. If it's going to fill, it will need support from manual bidders for whom 8%+2CB over 24 months just doesn't cut it. You're probably right that they might another day before upping the CB, but I don't see it filling without it. Where else do you suppose manual bidders are going to put their funds?
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Post by ogwellian on Nov 16, 2015 11:42:15 GMT
H***** S****t 2 is the only loan in the Pm. Never seen that before.
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SteveT
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Post by SteveT on Nov 16, 2015 11:45:11 GMT
Where else do you suppose manual bidders are going to put their funds? Well mine is staying firmly in my pocket for the time being  Actually, now that MT have confirmed they're planning to add Instant Returns later today to their 12%+1.5%CB bridging loan, it's heading MT-wards ...
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am
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Post by am on Nov 16, 2015 11:47:42 GMT
Last night's Autobid run only fed in another £30k or so and the number of Autobiddies still uninvested in Harley St (either T1 or T2) must be fairly modest by now. If it's going to fill, it will need support from manual bidders for whom 8%+2CB over 24 months just doesn't cut it. You're probably right that they might another day before upping the CB, but I don't see it filling without it. Where else do you suppose manual bidders are going to put their funds? I'd want at least 5% cash back for that one.
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TitoPuente
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Post by TitoPuente on Nov 16, 2015 11:49:02 GMT
We are witnessing extreme measures to try to force-fund the unfundable.
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ablender
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Post by ablender on Nov 16, 2015 13:15:55 GMT
Where else do you suppose manual bidders are going to put their funds? I'd want at least 5% cash back for that one. You are so greeeeedy. I will join you.
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Post by aloanatlast on Nov 16, 2015 14:55:48 GMT
I'd want at least 5% cash back for that one. You are so greeeeedy. I will join you. Not feeling tempted. Discounts no longer capped at 3%, so I could see me having to sell at 4.7% discount or be stuck for 2 years interest-only (equivalent to a normal 4 years) at an effective 10.5%. I'm greedier than that.
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Actually, now that MT have confirmed they're planning to add Instant Returns later today to their 12%+1.5%CB bridging loan, it's heading MT-wards ...
