am
Posts: 1,495 
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Post by am on Dec 30, 2015 11:40:48 GMT
15578 property loan in TS7 repaid today after 3 months, 9 months early. Sometimes it looks like it beats the SM to take the CB and just wait! We just need new CB property loans in the new year to soak up all this cash. I will take 1% CB if they repay like this. I've reduced my FC exposure by over 10% over the last couple of months because property loans have been repaying faster than there have been new (decent) property loans becoming available.
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guff
Posts: 730
Likes: 707
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Post by guff on Dec 30, 2015 14:31:29 GMT
15578 property loan in TS7 repaid today after 3 months, 9 months early… 15694, 15789 and 16202 to follow shortly? At least they all had 1% CB.
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jayjay
Member of DD Central
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Post by jayjay on Dec 30, 2015 14:39:39 GMT
15578 property loan in TS7 repaid today after 3 months, 9 months early… 15694, 15789 and 16202 to follow shortly? At least they all had 1% CB. 15578 had 1% cashback that was the point of my post! ie it all adds up to a very good return if you can reinvest
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guff
Posts: 730
Likes: 707
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Post by guff on Dec 30, 2015 15:32:07 GMT
15694, 15789 and 16202 to follow shortly? At least they all had 1% CB. 15578 had 1% cashback that was the point of my post! ie it all adds up to a very good return if you can reinvest I was agreeing jayjay - it's the early settlers without CB that are disappointing. Here's hoping that the remaining three tranches will go likewise (return >12%) and that we get a few decent CBs next year.
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ablender
Member of DD Central
Posts: 2,204
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Post by ablender on Dec 30, 2015 16:09:05 GMT
15578 property loan in TS7 repaid today after 3 months, 9 months early. Sometimes it looks like it beats the SM to take the CB and just wait! We just need new CB property loans in the new year to soak up all this cash. I will take 1% CB if they repay like this. I've reduced my FC exposure by over 10% over the last couple of months because property loans have been repaying faster than there have been new (decent) property loans becoming available. At FC I am down to 17% of the peak money I had in September. (Reduction of 83%).
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Steerpike
Member of DD Central
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Post by Steerpike on Dec 30, 2015 16:13:48 GMT
I've reduced my FC exposure by over 10% over the last couple of months because property loans have been repaying faster than there have been new (decent) property loans becoming available. At FC I am down to 17% of the peak money I had in September. (Reduction of 83%). Same here, heading for 30% down in the last month.
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Post by many38 on Dec 30, 2015 16:20:19 GMT
25% down on last month and recycling through SS and FS.
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Post by GSV3MIaC on Jan 1, 2016 21:28:46 GMT
I'm 40% down from the peak (just before Fixed rates, when it was still climbing), although more of that (%-wise) is currently actually invested ('For Sale'), rather than just being bid. My partner is down by 65 or 70% and still running it down, there being nothing worth putting it in (on this platform at least .. better pickings elsewhere). 2% CB property loans at 8 or 9 or 10% are just about acceptable, and maybe small Es held for a month or two, but the rest doesn't make the cut, and there are not enough potentials to soak up the desired investments at the desired diversification. Have to hope the competition can grow their deal flows, and make the IT work better than FC ever did.
Anyway, Happy New Year to anyone still lurking around here .. it has been amusing and educational (and reasonably rewarding, albeit frustrating many times) through 2013, 4 and 5, but I doubt FC in 2016 is going to get my pulse racing .. it has been extensively de-funned, de-fanged, and de-Peered. 8<.
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Post by GSV3MIaC on Jan 2, 2016 21:19:49 GMT
Another update of early(?) repayments per latest loan book:
1565
1878
1884
1899
1900
1951
2308
2679
2685
3017
3314
3371
3713
3881
4007
4252
4334
4776
5575
5794
6018
6431
6587
6783
7450
9505
9519
9778
9784
10030
10461
10696
11386
11526
12971
13997
14892
15320
15578
16313
17236
17916
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guff
Posts: 730
Likes: 707
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Post by guff on Jan 9, 2016 13:47:03 GMT
15694, 15789 and 16202 to follow shortly? At least they all had 1% CB. 15578 had 1% cashback that was the point of my post! ie it all adds up to a very good return if you can reinvest Cross 15694 off the list.
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Post by GSV3MIaC on Jan 9, 2016 18:55:11 GMT
Per the latest loan book:
1593
2512
2595
2974
4035
6051
6361
7445
7628
7929
8448
8847
9056
9158
9201
9522
9667
10553
10594
10950
12696
12702
12758
13019
13479
13862
14556
14769
14999
15694
16401
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am
Posts: 1,495
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Post by am on Jan 25, 2016 18:45:13 GMT
8266 Yorkshire (Driffield) 1 repaid today. The other 3 tranches are outstanding, but there were no competitive loan parts for sale when I looked. (Looks back in nostalgia to the days when a tranche repaid you could reinvest in discounted parts in another tranche.)
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am
Posts: 1,495
Likes: 601
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Post by am on Jan 26, 2016 15:03:26 GMT
7241 and 7248 Tewkesbury repaid a few weeks early. As a bridging loan at 10% is being raised (3 tranches of £500,000 have been taken by FC IT) I expect that the remaining tranches will pay back imminently, but whether the uplift from getting the full months interest early outweighs the SM premiums I can't say.
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wysiati
Member of DD Central
Posts: 397
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Post by wysiati on Jan 26, 2016 16:39:41 GMT
7241 and 7248 Tewkesbury repaid a few weeks early. As a bridging loan at 10% is being raised (3 tranches of £500,000 have been taken by FC IT) ... At least these 'random' loan allocations are consistent. One might think someone was in a hurry to get fully invested.
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blender
Member of DD Central
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Post by blender on Jan 26, 2016 17:03:04 GMT
We have been assured that the 10% plums will not be cherry picked. The probability of all three being chosen as whole is not that low - say about 0.3 - but that had better not happen too often.
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