cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
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Post by cooling_dude on Mar 17, 2016 22:33:00 GMT
This Loan is currently LIVE
| Loan Amount | : | £ 158,533
| | Security Value | : | £ 235,000
| | Current LTV | : | 67% | | 90 day Market Valueation | : | £ 210,000
| | LTV Based on 90 day Market Valueation | : | 75% |
PLEASE NOTE : This post (and all my DD posts) are no longer being updated by myself (besides the basic loan status)
Observations from the valuation report & other remarks> The property is occupied by a tenant > The surveyor considers the property provides suitable security for lending purposes ( well that's nice to know) > General external maintenance is required and the roof hip tiles require attention ( no big expenses required here)
Note : If anybody wants me to add to this, please just add a comment in this thread......
| Code Number Assigned | : | 17/03/2016 | | Loan went live @ | :` | 18/03/2016 | | Allocation | : | £150.00 | | No. of investers @ live time | : | 1088 |
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brin
I am trying to stay calm.
Posts: 379
Likes: 69
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Post by brin on Mar 17, 2016 22:40:51 GMT
I must say personally, well done CD, its about the detail, SS, all we want to see are the accurate facts, well done again CD.  |
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ablender
Member of DD Central
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Post by ablender on Mar 18, 2016 6:47:11 GMT
This loan is still in the pipeline yet there is investor activity: s*****m £350, dated 17/3/16 17/3/15.
Is this normal?
Usually the particulars include information about the charge on the security. I cannot see it for this loan. Is it written somewhere else?
I also note with pleasure that we have a valuation report from which we (the people putting money in this loan) are not excluded.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Mar 18, 2016 10:12:22 GMT
This loan is still in the pipeline yet there is investor activity: s*****m £350, dated 17/3/15. Is this normal? Usually the particulars include information about the charge on the security. I cannot see it for this loan. Is it written somewhere else? I also note with pleasure that we have a valuation report from which we (the people putting money in this loan) are not excluded. It's got to be saving steam.... s***********m = savingstream However, there are one too many stars......... but still, must be them balancing the books 
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 18, 2016 10:26:51 GMT
I mentioned about three months ago (can't find the post) that s**********m looked suspiciously like savingstream. The number of stars was correct at that time, and was annoyed that they were buying in microseconds what I was trying to buy. I never knew why.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Mar 18, 2016 10:35:21 GMT
Loan has just gone live.... We have been allocated an eye-watering £150. |
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 18, 2016 10:47:17 GMT
And old Grumples has knocked that up to £450 with a bit of Gor - I'll av a bit more of that finger flashes. After all this time I've got it down to a single click when I'm positioned in the starting blocks Probably what Partacus (and others) sussed out months ago! |
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treeman
Member of DD Central
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Post by treeman on Mar 18, 2016 10:52:49 GMT
And old Grumples has knocked that up to £450 with a bit of Gor - I'll av a bit more of that finger flashes. After all this time I've got it down to a single click when I'm positioned in the starting blocks Probably what Partacus (and others) sussed out months ago! Ahh yes - it pays to be in the blocks! Another little trick! 
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adrianc
Member of DD Central
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Post by adrianc on Mar 18, 2016 11:29:25 GMT
Loan has just gone live.... We have been allocated an eye-watering £150. More than I was expecting...
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Post by Deleted on Mar 18, 2016 11:34:58 GMT
And old Grumples has knocked that up to £450 with a bit of Gor - I'll av a bit more of that finger flashes. After all this time I've got it down to a single click when I'm positioned in the starting blocks Probably what Partacus (and others) sussed out months ago! Damn and blast  The competition is catching up fast  ps old grumpy, like the name you've derived for me.
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treeman
Member of DD Central
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Post by treeman on Mar 18, 2016 12:34:43 GMT
Loan has just gone live.... We have been allocated an eye-watering £150. More than I was expecting... Me too - I thought we might be lucky to get £100 ! Seems quite a few didn't bother as it was such a tiddler - only 1080 odd investors at distribution time, rather than the more recent 1600-1800 or so.
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homes119
Member of DD Central
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Post by homes119 on Mar 18, 2016 15:08:49 GMT
More than I was expecting... Me too - I thought we might be lucky to get £100 ! Seems quite a few didn't bother as it was such a tiddler - only 1080 odd investors at distribution time, rather than the more recent 1600-1800 or so. I was expecting 100 pounds or less too! Ecstatic at 150 
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Post by caveman38 on Mar 18, 2016 15:50:51 GMT
Please excuse what may seem a silly question. Why, bearing in mind SS record of no monies lost on the platform (or so I'm told) are people so happy to have an allocation in this loan. There are so many other loans available on SM to use their money or is it everybody likes to be a diverse across all loans. As I say I'm only in my first week and learning.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Mar 18, 2016 15:53:00 GMT
Please excuse what may seem a silly question. Why, bearing in mind SS record of no monies lost on the platform (or so I'm told) are people so happy to have an allocation in this loan. There are so many other loans available on SM to use their money or is it everybody likes to be a diverse across all loans. As I say I'm only in my first week and learning. Mainly investors diversifying; it's also not a bad looking investment, and the smaller ones are easier to recoup if something goes wrong. SS may not have lost penny in our investments, but we should still do at least some basic DD 
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locutus
Member of DD Central
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Post by locutus on Mar 18, 2016 15:54:58 GMT
Plus they're well covered by the provision fund.
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