SteveT
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Post by SteveT on Mar 9, 2016 11:53:08 GMT
GSV3MIaC Better late than never. Table has been updated with the investor numbers for the loan today and PBL084. If anyone has any historical info I will be happy to include that as well. Sure someone might have time to search old 'go live' posts to see if numbers were mentioned, but certainly not me. , a thought: Is it possible to get this via the "unintended" loan part history data links you came across the other day (ie. how many parts were initially created when each loan went live)?
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Post by GSV3MIaC on Mar 9, 2016 12:10:12 GMT
Well I can count current live parts with a start date the same as the launch date, but that's about all - people who subsequently sold them (start date = launch date) are impossible to distinguish from people who subsequently sold PART of them ..
eg A bought £1k, B bought £2k, someone sold £1k .. that'll result in either one, or two, live parts with a start date=launch date depending who sold (and a sold part in both cases, but you don't know whether to +1 the live count, or not).
If I leap in and collect the 'all parts' before any sales take place, (eg today's loan) I can tell.
fwiw our favourite BH was in for £200k again .. guess that's the default prefund for them. 8>.
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mikes1531
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Post by mikes1531 on Mar 9, 2016 15:14:22 GMT
Table has been updated with the investor numbers for the loan today and PBL084. : Thanks for doing that. I note that the current investor count for PBL085 is 85 more than shown in the table, which suggest that nearly 100 investors avoided pre-funding and picked up parts on the SM instead.
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am
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Post by am on Oct 24, 2016 18:56:43 GMT
Does anyone understand what the recent update "We made a further advance against this property recently." means?
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adrianc
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Post by adrianc on Oct 24, 2016 18:58:06 GMT
Does anyone understand what the recent update "We made a further advance against this property recently." means? They've given the borrower more money. Lendy don't source all their money from SS retail investors.
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Post by supernumerary on Oct 24, 2016 19:46:45 GMT
Well chaps, being a keen hiker with time on my hands, I have decided to check it out in person. As soon as the weather improves, which could take some time.... Edit....Pictures of said wind turbines can be found if you research the Kintyre way walk. :-) xyon100, assuming that the hiking is taking longer than expected, when you finish your 'recon', what was your assessment of XXXXXXXXX XXXXXX?  Was XXXXXX good? Were you able to circumnavigate XXXXXXXX XXXXXX? Thank you in advance. 
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fp
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Post by fp on Oct 24, 2016 19:51:14 GMT
Does anyone understand what the recent update "We made a further advance against this property recently." means? They've given the borrower more money. Lendy don't source all their money from SS retail investors.According to a recent video doing the rounds, I believe they state that they do only use retail investment don't they?
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elliotn
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Post by elliotn on Oct 25, 2016 2:00:11 GMT
They've given the borrower more money. Lendy don't source all their money from SS retail investors.According to a recent video doing the rounds, I believe they state that they do only use retail investment don't they? 100% retail per video. Although they do fund from their own working capital as well such as fixing up the detached house that contravened planning consent.
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mikes1531
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Post by mikes1531 on Oct 25, 2016 2:04:24 GMT
Does anyone understand what the recent update "We made a further advance against this property recently." means? They've given the borrower more money. Lendy don't source all their money from SS retail investors. I don't understand it either, especially how this might impact the SS loan. If it's an additional loan, does it rank behind the main SS loan? If that's the case, then I suppose it doesn't matter to us. Have SS said whether the full £4.65M was drawn down at the beginning of the loan? If that number hasn't changed since the beginning, then it would seem that either some of the money didn't go to the borrower before and has just been advanced now, or that update means that the total debt is now more than the £4.65M shown. If what was advanced recently was part of the original £4.65M, then wouldn't SS's normal procedure have been to release the extra via a follow-up loan appearing in the pipeline and available for pre-funding? I think we need a clarification from savingstream, including the amount of the additional advance.
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am
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Post by am on Oct 25, 2016 8:27:19 GMT
They've given the borrower more money. Lendy don't source all their money from SS retail investors. If it's an additional loan, does it rank behind the main SS loan? If that's the case, then I suppose it doesn't matter to us. I suspect that the loan purpose matters to us. What we want is a loan where we don't need to exercise the security. If the loan is for capital expenditure (e.g. the possible hydro scheme mentioned in the original details) then we may not care. If the loan is for working capital we might be concerned about the borrower's ability to refinance onto a commercial/agricultural mortgage.
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am
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Post by am on Oct 25, 2016 8:36:52 GMT
They've given the borrower more money. Lendy don't source all their money from SS retail investors. Have SS said whether the full £4.65M was drawn down at the beginning of the loan? If that number hasn't changed since the beginning, then it would seem that either some of the money didn't go to the borrower before and has just been advanced now, or that update means that the total debt is now more than the £4.65M shown. If what was advanced recently was part of the original £4.65M, then wouldn't SS's normal procedure have been to release the extra via a follow-up loan appearing in the pipeline and available for pre-funding? The loan purpose was the purchase of the property, so I would have expected all of it being drawn down at the start. If some of the original loan value wasn't raised at the start (which I consider unlikely) then it's possible that SS funded an additional drawdown from their working capital - it's even possible that they intend to release it via the pipeline in a few days time.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Oct 25, 2016 10:55:49 GMT
savingstreamIn addition to the question about there the additional advance had (or is coming from), can you explain something for us... I always assumed that the charges that were registered on CH, since the new T&Cs were implemented (i.e. saving stream became a bonafide P2P platform), that the charges were registered with the entitled person being "Saving Stream". However, I note that this loan is registered entitling "Lendy Ltd". Why was this charge registered entitling Saving Stream?
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am
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Post by am on Oct 25, 2016 16:28:59 GMT
savingstream In addition to the question about there the additional advance had (or is coming from), can you explain something for us... I always assumed that the charges that were registered on CH, since the new T&Cs were implemented (i.e. saving stream became a bonafide P2P platform), that the charges were registered with the entitled person being "Saving Stream". However, I note that this loan is registered entitling "Lendy Ltd". Why was this charge registered entitling Saving Stream? Has missing negative syndrome struck?
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kermie
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Post by kermie on Oct 27, 2016 21:48:48 GMT
In terms of the recent advance, i think it is probably important to distinguish between Lendy and SS.
The recent video suggests that SS is entirely retail-funded. i.e. there are no institutional lenders hoovering up loans on the SS website.
However, SS is not the only source of funds for Lendy to lend out. Lendy has retained profits that it can use to lend out, and such lending does not need to appear on SS (although for transparency, an update and clarification for existing lenders would be welcome). In fact, there is likely to be lending in general which Lendy has engaged in which does not appear through SS, particularly if the funding requirements are not that large.
[I'm sure there's a lending/Lendy tongue-twister in there somewhere]
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mikes1531
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Post by mikes1531 on Oct 28, 2016 11:40:05 GMT
In terms of the recent advance, i think it is probably important to distinguish between Lendy and SS. The recent video suggests that SS is entirely retail-funded. i.e. there are no institutional lenders hoovering up loans on the SS website. However, SS is not the only source of funds for Lendy to lend out. Lendy has retained profits that it can use to lend out, and such lending does not need to appear on SS (although for transparency, an update and clarification for existing lenders would be welcome). In fact, there is likely to be lending in general which Lendy has engaged in which does not appear through SS, particularly if the funding requirements are not that large. I have no problem with Lendy doing business with SS clients -- as long as it doesn't affect my SS investment. If the extra money came from Lendy and it ranks behind the SS loan, then it's irrelevant to SS investors. But if that's the case, why bother to mention it to SS investors?
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