elliotn
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Post by elliotn on Mar 19, 2017 9:23:07 GMT
It's free and the new website declutters by grouping at loan level  |
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Liz
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Post by Liz on Mar 24, 2017 21:08:47 GMT
All loans above a 0.8% discount have now sold. I am surprised at the buyers, good for the sellers.
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Post by eascogo on Mar 24, 2017 22:49:39 GMT
All loans above a 0.8% discount have now sold. I am surprised at the buyers, good for the sellers. Just checked on that. I see a fair number of parts available at -0.8% and -1.0%.
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Liz
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Post by Liz on Mar 24, 2017 23:09:45 GMT
All loans above a 0.8% discount have now sold. I am surprised at the buyers, good for the sellers. Just checked on that. I see a fair number of parts available at -0.8% and -1.0%. I did say ABOVE 0.8% discount. At the moment only 1 loan part-£725 is listed with a discount above 0.8%
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Post by eascogo on Mar 24, 2017 23:19:18 GMT
Just checked on that. I see a fair number of parts available at -0.8% and -1.0%. I did say ABOVE 0.8% discount. At the moment only 1 loan part-£725 is listed with a discount above 0.8% Yes I read you correctly. But see eg part loan 1545290266 is offered at -1.0. Anyway it's good to see that parts at higher discounts do indeed sell.
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Liz
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Post by Liz on Mar 24, 2017 23:24:42 GMT
I did say ABOVE 0.8% discount. At the moment only 1 loan part-£725 is listed with a discount above 0.8% Yes I read you correctly. But see eg part loan 1545290266 is offered at -1.0. Anyway it's good to see that parts at higher discounts do indeed sell. The 1 loan part you quote above was listed after my original post.
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Liz
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Post by Liz on Apr 4, 2017 10:16:01 GMT
1582944115 - farm building at a 0.6% discount looks like a good deal. Also for non-taxpayers Llandudno & Greenwich loans look good, if only I had an IFISA.
If you land in Lytham, currently available of the PM, you can buy on the SM at a 0.6% discount. Wallasey also, you can buy the first charge on the SM if you don;t like 2nd charges.
Defiantly worth a look, especially as you will be able to sell the longer dated loans into an IFISA within 2 months and hence won't pay the tax.
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mikes1531
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Post by mikes1531 on Apr 4, 2017 10:30:46 GMT
Defiantly worth a look, especially as you will be able to sell the longer dated loans into an IFISA within 2 months and hence won't pay the tax. People need to be careful with the above suggestion. "Within two months" actually might stretch -- IIRC we once thought IFISAs would be available in time for the 2016/17 tax year. If the IFISA release is delayed long enough that the loans have less than 30 days remaining -- and thus become unsaleable -- you will have based your decision on a bad assumption.
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Liz
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Post by Liz on Apr 4, 2017 10:43:57 GMT
Defiantly worth a look, especially as you will be able to sell the longer dated loans into an IFISA within 2 months and hence won't pay the tax. People need to be careful with the above suggestion. "Within two months" actually might stretch -- IIRC we once thought IFISAs would be available in time for the 2016/17 tax year. If the IFISA release is delayed long enough that the loans have less than 30 days remaining -- and thus become unsaleable -- you will have based your decision on a bad assumption. Agreed. Some of the loans quoted are 120+, certainly wouldn't risk it with sub 120 day loans and then it's not 100% guaranteed the IFISA will be here in time, but maybe worth the risk.
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archie
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Post by archie on Apr 4, 2017 10:45:41 GMT
SM seems very quiet so I wonder if money is being moved off ready to go into ISAs. I was selling most days until about 10 days ago since when I have sold nothing despite parts having an indicative rate >20%. I've sold 5 bits in the last couple of days including the Endurance boat.
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SteveT
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Post by SteveT on Apr 24, 2017 11:38:19 GMT
My sense is that the launch of the FS IFISA has already had a fair impact on SM availability and "best effective rate" prices. However it's hard to know for certain without tracking over time.
For interest, as of 12.30pm today, there are £490k of parts available on the SM in loans with a "best effective rate" of at least 13% (although inevitably a good proportion will be at lower rates than that). Breaking that down:
13%+ £490k
14%+ £370k
15%+ £275k
16%+ £170k
17%+ £110k
18%+ £62k
19%+ £49k
20%+ £0
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mikes1531
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Post by mikes1531 on Apr 24, 2017 14:35:50 GMT
My sense is that the launch of the FS IFISA has already had a fair impact on SM availability and "best effective rate" prices. However it's hard to know for certain without tracking over time.
Parts available with an effective rate above 20% do seem to have become a rarity. That wouldn't surprise me if the PM was relatively empty but, since that isn't the case at the moment, I'd have to agree that this likely is the result of demand for parts for IFISAs.
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Post by excalibur on Apr 24, 2017 22:22:05 GMT
My sense is that the launch of the FS IFISA has already had a fair impact on SM availability and "best effective rate" prices. However it's hard to know for certain without tracking over time. For interest, as of 12.30pm today, there are £490k of parts available on the SM in loans with a "best effective rate" of at least 13% (although inevitably a good proportion will be at lower rates than that). Breaking that down: 13%+ £490k 14%+ £370k
15%+ £275k
16%+ £170k
17%+ £110k
18%+ £62k
19%+ £49k
20%+ £0 Agreed. The top end SM effective rates have been steadily going down since IFISAs were opened last week. I'd imagine SM rates will decrease dramatically once cash ISAs start to be transferred into the new IFISAs.
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Post by eascogo on Apr 25, 2017 19:21:32 GMT
I put parts today for sale with 60 days left at -0.6% and take-up is reasonably quick (nearly 1k sold since late morning).
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SteveT
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Post by SteveT on Apr 27, 2017 7:39:43 GMT
My sense is that the launch of the FS IFISA has already had a fair impact on SM availability and "best effective rate" prices. However it's hard to know for certain without tracking over time. For interest, as of 12.30pm today, there are £490k of parts available on the SM in loans with a "best effective rate" of at least 13% (although inevitably a good proportion will be at lower rates than that). Breaking that down: 13%+ £490k 14%+ £370k
15%+ £275k
16%+ £170k
17%+ £110k
18%+ £62k
19%+ £49k
20%+ £0 The trend towards lower Effective Rates continues. Updated snapshot as at 08.30 on 27th April: 13%+ £515k 14%+ £319k 15%+ £179k 16%+ £104k 17%+ £32k 18%+ £26k 19%+ £12k 20%+ £0
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