SteveT
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Post by SteveT on May 12, 2017 10:48:11 GMT
No, it's just a quick snapshot of the Secondary Market page. It's the trend that interested me, not the absolute figures at a point in time.
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Liz
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Post by Liz on May 12, 2017 13:23:02 GMT
How can a loan for 12% listed at par have an effective rate of 11.46%?
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Liz
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Post by Liz on May 12, 2017 13:37:28 GMT
No, it's just a quick snapshot of the Secondary Market page. It's the trend that interested me, not the absolute figures at a point in time. One reason for the fall will be the parts in those loans that were listed at 1-3% discount have been removed by FS and not actually sold. I make it 7 loans 13% £3,625 1 @ 14% £600 Over half of the amount on sale at 13%+ is the boat. Loans listed at a discount: £2,150 - 6 loans.
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SteveT
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Post by SteveT on May 12, 2017 13:37:47 GMT
How can a loan for 12% listed at par have an effective rate of 11.46%? Because you are paying not only the original capital but also, say, 100 days of accrued interest at 12%pa. At the end (if it pays on time) you'll have earned 12%pa on the original capital on a further 83 days, but nothing further on the accrued interest. Effective rate = Profit / Price Paid = (Final Amount to be Repaid - Price Paid) / Price Paid
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SteveT
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Post by SteveT on May 14, 2017 10:02:56 GMT
Loans listed at a discount: £2,150 - 6 loans. Now just 1 loan listed at a discount (0.1%), the rest of the SM being entirely at par or higher. The lake is drained!
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vmail
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Post by vmail on May 14, 2017 14:29:23 GMT
I thought you were not allowed to have a rate less than 4%
Reference Title Days left LTV Interest Prem. Disc. Best effective rate (pa) Available
2737843981 Warrington Property - Second Tranche 32 65.00% 12.00% 0.70% 3.8% £500
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on May 14, 2017 15:03:02 GMT
I thought you were not allowed to have a rate less than 4% Reference Title Days left LTV Interest Prem. Disc. Best effective rate (pa) Available
2737843981 Warrington Property - Second Tranche 32 65.00% 12.00% 0.70% 3.8% £500When the loan was listed for sale it would have been over 4%. The system doesn't delete the listing if the effective rate drops below 4%. The listing will time out after 2 weeks so it won't keep dropping.
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Post by dan1 on May 14, 2017 19:08:11 GMT
No loans available at a discount!
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Post by dan1 on May 30, 2017 23:03:41 GMT
Anyone else pleased to see the back of that boat from the top of the SM?
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locutus
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Post by locutus on Jun 14, 2017 21:39:26 GMT
No loans available at a discount! Some loans available with 0.5% discount.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Jun 15, 2017 0:56:30 GMT
No loans available at a discount! Some loans available with 0.5% discount. A surprisingly large amount of just one loan available at 0.5% discount. Does anyone have any views as to why a BH would be relinquishing their bonus in loan (1628506850)? It looks Ok to me.
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locutus
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Post by locutus on Jun 15, 2017 6:44:52 GMT
Some loans available with 0.5% discount. A surprisingly large amount of just one loan available at 0.5% discount. Does anyone have any views as to why a BH would be relinquishing their bonus in loan (1628506850)? It looks Ok to me. It is actually me selling. The loan is sound and no new info has surfaced. I just need the money for other purposes.
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Post by dan1 on Jun 15, 2017 9:05:41 GMT
A surprisingly large amount of just one loan available at 0.5% discount. Does anyone have any views as to why a BH would be relinquishing their bonus in loan (1628506850)? It looks Ok to me. It is actually me selling. The loan is sound and no new info has surfaced. I just need the money for other purposes. I did wonder. It's unusual for someone to quote a post on SM availability from a month ago.
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nick
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Post by nick on Jun 15, 2017 9:09:35 GMT
A surprisingly large amount of just one loan available at 0.5% discount. Does anyone have any views as to why a BH would be relinquishing their bonus in loan (1628506850)? It looks Ok to me. It is actually me selling. The loan is sound and no new info has surfaced. I just need the money for other purposes. It should provide good gauge of the depth of SM liquidity.
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Post by dan1 on Jun 27, 2017 13:55:55 GMT
fundingsecure, the ability to sort my investments for sale (https://www.fundingsecure.com/myaccount/secondary-sell) appears to have been removed. Please could you reinstate sorting on this page, many thanks.
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