ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 25, 2016 23:19:30 GMT
Deleted, became pointless
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tonyr
Member of DD Central
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Post by tonyr on Jan 26, 2016 6:24:21 GMT
I hope the £6m Hotel Bridging works, we should know soon as it's scheduled for January, i.e. this week. I think it'll allow lots of people who hold 9%-11% loans to get a bit better rate and so free up a lot of decent loans for first time MLIA users. Unless something like this happens I fear the MLIA will die and we'll all be worse off.
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Post by Ton ⓉⓞⓃ on Jan 26, 2016 11:36:55 GMT
I wonder if thing have flipped to the other side; that perhaps there are too many new propositions. I hope AC actually have a moratorium on any more (if need be).
In Edit. Never thought I'd be saying that
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oldgrumpy
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Post by oldgrumpy on Jan 26, 2016 11:50:51 GMT
I don't think the loan flow needs "regulating". Many of them are small, and will be stretching through, in all probability, well into March.
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bigfoot12
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Post by bigfoot12 on Jan 26, 2016 12:46:14 GMT
I hope AC actually have a moratorium on any more (if need be). Why? As long as they maintain the quality (for a given rate) the more the better. You don't have to invest in every one. Just read a few make notes and then invest if you want. If you don't get enough read a few more and add some targets. They've been promising 3-4 per week for over a year.
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Post by Ton ⓉⓞⓃ on Jan 26, 2016 12:52:19 GMT
I hope AC actually have a moratorium on any more (if need be). Why? As long as they maintain the quality (for a given rate) the more the better. You don't have to invest in every one. Just read a few make notes and then invest if you want. If you don't get enough read a few more and add some targets. They've been promising 3-4 per week for over a year. I'm not really concerned about there being too many for me to read up & invest in, it's more about new staff; in new roles and mistakes happening, as they were used to going at solicitors a slower pace. It's just such a sudden change though much looked forward to and appreciated.
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Post by andrewholgate on Jan 26, 2016 17:44:48 GMT
Months of work in the background to change systems, bed in new origination channels and get the pricing right. We are now seeing over £100m a month in opportunities and the proportion of acceptable opportunities in that figure is growing quickly. Lenders asked for more diversity, simpler ways to invest and consistent rates. This increase in origination started in October but we have lead times of around 90 days from look to book. I'm not making bold and brash statements about 2016 (I got stung by those before) but I am quietly confident about it.
We've taken quite a bit of flack recently and some pretty horrendous accusations as well recently which have been viewable on this board. We continue to work hard and deliver the opportunities. Thank you to those who continue to support us and have helped us along the way. The voice of reason doesn't always get heard.
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jonah
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Post by jonah on Jan 27, 2016 20:46:06 GMT
Pipeline is down two, to 29. One of the 'almost there trio' now has a Feb date.
That said for positives, all 29 pipeline loans now have rates, the tbc being replaced so there is visible progress being made.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
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Post by ilmoro on Jan 27, 2016 21:41:45 GMT
Pipeline is down two, to 29. One of the 'almost there trio' now has a Feb date. That said for positives, all 29 pipeline loans now have rates, the tbc being replaced so there is visible progress being made. Its chopping & changing quite a bit. Lost 2 SME from Feb today, a PBL yesterday, one of the Jan has dropped to no date now. Quite hard to keep track of as everything as for some reason nearly all the loans get a todays date for last update at midnight even though nothing appears to have changed. Cant see any of these launching in Jan as there are no docs for any of the loans. Would AC launch without lenders having chance to do even minimal duedil?
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mikes1531
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Post by mikes1531 on Jan 27, 2016 22:08:00 GMT
Pipeline is down two, to 29. One of the 'almost there trio' now has a Feb date. That said for positives, all 29 pipeline loans now have rates, the tbc being replaced so there is visible progress being made. Its chopping & changing quite a bit. Lost 2 SME from Feb today, a PBL yesterday, one of the Jan has dropped to no date now. Quite hard to keep track of as everything as for some reason nearly all the loans get a todays date for last update at midnight even though nothing appears to have changed. Cant see any of these launching in Jan as there are no docs for any of the loans. Would AC launch without lenders having chance to do even minimal duedil? I was thinking similar thoughts, though I was thinking specifically about the seven upcoming loans showing an estimated drawdown of 'January'. With none of those showing 'underwriting called' and only two working days left in January -- and a lack of documents as described by ilmoro -- I'll go out on a limb and predict that there's going to be a massive update to the estimated drawdown date info very shortly. 
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SteveT
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Post by SteveT on Jan 28, 2016 9:23:06 GMT
chris, will you be able to give us an indication of projected maximum MLIA lender allocations for the 3 new loans due to draw down tomorrow?
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Post by chris on Jan 28, 2016 9:26:38 GMT
chris , will you be able to give us an indication of projected maximum MLIA lender allocations for the 3 new loans due to draw down tomorrow? Will find out and report back. I know that County Tyrone has a limit as we want most of it to go to the GEIA but I'm unsure on the others in the pipeline.
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jonah
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Post by jonah on Jan 29, 2016 6:12:00 GMT
All the Jan pipeline is now gone*, lots of Feb. The upcoming / top table still has two coming today though.
* ie the date moved, not the loans removed from the table.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
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Post by ilmoro on Jan 29, 2016 7:54:06 GMT
All the Jan pipeline is now gone*, lots of Feb. The upcoming / top table still has two coming today though. * ie the date moved, not the loans removed from the table. All the Jan BTL have gone to no date, couple of other loans have dates but overall less loans at that point.
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SteveT
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Post by SteveT on Jan 29, 2016 8:03:12 GMT
All the Jan pipeline is now gone*, lots of Feb. The upcoming / top table still has two coming today though. * ie the date moved, not the loans removed from the table. It was obvious that would happen as soon as the new pipeline system was announced. I still reckon it would be better to quote relative timescales ("Next 8 weeks", "Next 4 weeks", "Next 2 weeks") rather than absolute calendar months; there may still be the odd gripe if a loan is stuck on "Next 4 weeks" for several months, but that would be a lot less obvious than the inevitable swathe of loans ratcheting back a month at every month-end!
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