fp
Posts: 1,008 
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Post by fp on Jul 18, 2016 14:21:39 GMT
The interesting thing being for me that the secondary market is fairly liquid, I've sold at east 50 loan parts in the past 48 hours, all at 0.5% premium on A + B loans
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treeman
Member of DD Central
Posts: 1,026
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Post by treeman on Aug 1, 2016 12:33:36 GMT
And the cupboard was bare ...............
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guff
Posts: 730
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Post by guff on Aug 1, 2016 13:38:02 GMT
Maybe someone will start buying my ten percent-ers now...
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fasty
Member of DD Central
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Post by fasty on Aug 22, 2016 10:49:27 GMT
Cupboard seems to be bare again all morning. Time to shift those lightly-soiled, pre-loved loan parts!
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jcm9000
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Post by jcm9000 on Aug 25, 2016 8:52:44 GMT
About to go down to 1 by the looks of it, two on FC, one at 99%. The suspense.... oh there we go, 1 it is. Tunnocks teacake to mark the occasion, of which i am sure happens every week.
Hello everyone by the way, new around here and the P2P. I work from home a fair bit and for Us companies so I appear to have been using my mornings to try to manage a portfolio of loans on FC all for the sake of 90 quid interest or something! I must get out more...
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Post by GSV3MIaC on Aug 25, 2016 10:21:27 GMT
/mod hat off
If you are willing to invest time and effort then FC is not (at least 'no longer') the place to be IMO... you can make equally dodgy loans at notably higher rates elsewhere. There are even platforms where the staff** will talk to you!
** Staff meaning people who have some control, rather than poor PR/Spin doctors who know very little and are paid to protect actual staff from actual customers.
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jcm9000
Member of DD Central
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Post by jcm9000 on Aug 25, 2016 12:14:09 GMT
Aye, i'm quickly learning it all and want to move on to other platforms. I have seen some interesting loans on FC, although as you say better returns elsewhere and is why I am here!
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fasty
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Post by fasty on Sept 12, 2016 10:13:02 GMT
Tumbleweed blowing across the abandoned windswept plains the of FC website... Possibly a good day to resell preloved loan parts.
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fasty
Member of DD Central
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Post by fasty on Dec 29, 2016 10:53:05 GMT
Ahhh, the cleaning lady has taken in the milk at FC towers. She shuffles slowly past ping-pong tables, empty save for a light soiling of week-old mince pies and cheap prosecco. Now past a room illuminated only by the flicker of gaudy Christmas lights. There are several tables, each with a purring workstation and dice in a tray. "Odd", she thinks, "these dice seem to have no spots, just letters A+, A, B..."
Now, where's that switch that the nice man had asked her to press on Thursday?
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adrianc
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Member is Online
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Post by adrianc on Dec 29, 2016 11:34:05 GMT
Ahhh, the cleaning lady has taken in the milk at FC towers. She shuffles slowly past ping-pong tables, empty save for a light soiling of week-old mince pies and cheap prosecco. Now past a room illuminated only by the flicker of gaudy Christmas lights. There are several tables, each with a purring workstation and dice in a tray. "Odd", she thinks, "these dice seem to have no spots, just letters A+, A, B..." Now, where's that switch that the nice man had asked her to press on Thursday? An insider's view.
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r00lish67
Member of DD Central
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Post by r00lish67 on Dec 29, 2016 12:24:39 GMT
and we're down to 1 loan, quite the turnaround. Also, my various pre-loved parts are now verily flying off the shelves. Selling time, for anyone who was waiting...
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dorset
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Post by dorset on Dec 29, 2016 12:57:35 GMT
Yes this is the infamous 30412 re-branded from a D to an A after only 6 months. 43% filled with 20 hours to go. Does not deserve to fly but a good test of FC's ability to manipulate the risk bands to fix interest rates to suit the borrow and not the lender.
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
Likes: 115
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Post by andyp on Dec 29, 2016 17:25:08 GMT
Amazingly 30412 pulled in over £100k in less than 4 hours and is now fully filled. That is despite spending 5 days crawling to 44%. Methinks that lots of autobiddies will have just acquired this miraculously uprated loan.
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acky
Posts: 481
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Post by acky on Jan 13, 2017 9:02:03 GMT
And it's down to 1 again. Why are they starving us of loans? Is it because they need to satisfy the demands of the Wholesale market first, that market being much more important to FC than us mere mortals? So far this week, only 20 SME partial loans have been accepted, compared to 173 whole loans? Property development, on the other hand, is not going wholesale at all, all 12 accepted loans having been partial.
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Post by slumberingaccountant on Jan 13, 2017 10:26:17 GMT
There Does seem to have been an (unannounced) change of policy so that no property loans go as WL. I only invest in property so am not bothered. I think the real roblem is that now FC are beginning to sort out the problem of overrunning property loans they are creating a different problem due to their business model; you have to stump up new money to bid in the refinance, and then a day or two/three/four later get your funds back from the repaid loan.
At the same interest rate, Its a pain. Other providers either have 'rollover' (Moneything) or with LendInvest repay the original loan and fund and resell the new loan.
I suspect the shortage may partly to ensure that these refinances get taken up.
But also while new loans are being snapped up the SM has slowed up- i was selling quite a volume of 3-5 months to go loans up to a few days ago, but its now come to a halt, so maybe there is less money about ( until January pay day ?)
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