r00lish67
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Post by r00lish67 on Mar 31, 2016 8:55:01 GMT
If asked in December, the current loan availability picture is exactly what I would have said I wanted i.e. plenty of choice and even some cashback on offer. However, I find myself slightly unnerved as the market has clearly become highly saturated which has a knock on impact to the various secondary markets.
I'm just casting for opinion really - how do you feel in the current marketplace fearful? greedy?
And, as I only started P2P investing last June, have we seen this before?Did a pre-end of Financial Year rush happen last year?
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SteveT
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Post by SteveT on Apr 16, 2016 9:01:41 GMT
Well, here we are just 2 weeks later (since the OP) and the feast / famine indicator has flipped firmly back across to famine. The cupboards are bare at SS, MT, FS, FC (all but) and ABL. AC still has a fair amount available in some recent loans, but overall I'm glad that I'm fully invested for the moment. Now, is there anything slightly whiffy lurking in my loan book that I should be considering re-homing ... ?
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james
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Post by james on Apr 16, 2016 9:36:18 GMT
There's a bit of secondary market availability at Ablrate, possibly not at desirable prices, and quite often for limited periods some at MoneyThing. Perhaps £10k-20k worth buying across both at the moment, depending on desired yield.
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Post by mrclondon on Apr 18, 2016 10:13:02 GMT
And the famine is likely to persist a while longer ... the 2nd MT supercar loan is due for redemption this week, AC have a couple of medium sized loans flagged for imminent repayment (although one is an internal refinance to a much lower rate), and over at TC one of the largest borrowers (8 ? loans secured against different assets) is refinancing most/all of the loans elsewhere before the end of the month.
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mike
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Post by mike on Apr 18, 2016 12:51:02 GMT
Which TC borrower is that (initials will do)?
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Post by mrclondon on Apr 18, 2016 12:54:31 GMT
Which TC borrower is that (initials will do)? Mr D.A.
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Post by chris on Apr 18, 2016 19:01:29 GMT
And the famine is likely to persist a while longer ... the 2nd MT supercar loan is due for redemption this week, AC have a couple of medium sized loans flagged for imminent repayment (although one is an internal refinance to a much lower rate), and over at TC one of the largest borrowers (8 ? loans secured against different assets) is refinancing most/all of the loans elsewhere before the end of the month. I'm assured there are still plenty of loans to draw this month and our origination remains very strong.
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r00lish67
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Post by r00lish67 on Apr 19, 2016 7:13:45 GMT
Well, here we are just 2 weeks later (since the OP) and the feast / famine indicator has flipped firmly back across to famine. The cupboards are bare at SS, MT, FS, FC (all but) and ABL. AC still has a fair amount available in some recent loans, but overall I'm glad that I'm fully invested for the moment. Now, is there anything slightly whiffy lurking in my loan book that I should be considering re-homing ... ? Yes, would agree with this, it very much looks like my slight nervousness was unfounded and it seems to have been mainly driven by end of FY deadlines. Also agree with clearing out the loanbook, which I did a bit of yesterday. I was pleased to see that my loan parts on FundingSecure shifted within 24 hours posted at a mild 0.25% discount.
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ton27
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Post by ton27 on Apr 19, 2016 8:12:59 GMT
And the famine is likely to persist a while longer ... the 2nd MT supercar loan is due for redemption this week, AC have a couple of medium sized loans flagged for imminent repayment (although one is an internal refinance to a much lower rate), and over at TC one of the largest borrowers (8 ? loans secured against different assets) is refinancing most/all of the loans elsewhere before the end of the month. I'm assured there are still plenty of loans to draw this month and our origination remains very strong. Yes, the "Upcoming Loans" looks strong but the rates are showing a distinct downward trend and I do not see a corresponding increase in quality - I am finding it harder to re-invest my funds.
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Liz
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Post by Liz on Apr 19, 2016 15:17:10 GMT
There are plenty of loans on TC at the moment, surprisingly it's mainly NOT property. All looks high risk to me 11-15% fixed rate auctions. SS has nothing to invest in, and 180 members signing up each week, so prefunding may result in low allocations.
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Post by rebsrep on Apr 22, 2016 9:51:42 GMT
We are also past the February/March glut, there are currently 5 loans live for funding and a healthy pipeline. Not all are PG only either. Some have 1st charge, some 2nd charge, some all assets debentures.
There is also a request from an old borrower that repaid all of their previous loan and hence has good borrowing form. (This is not financial advice, you must make your own investment decisions).
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Greenwood2
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Post by Greenwood2 on Apr 22, 2016 13:22:48 GMT
And the famine is likely to persist a while longer ... the 2nd MT supercar loan is due for redemption this week, AC have a couple of medium sized loans flagged for imminent repayment (although one is an internal refinance to a much lower rate), and over at TC one of the largest borrowers (8 ? loans secured against different assets) is refinancing most/all of the loans elsewhere before the end of the month. I only have two from DA that are due to re-pay (and one of those is late doing so). I have a few more due to re-pay later this year or next year, one was only drawn down in March. Do you have additional information about early re-payments? Edit: Just checked the SM status list and there doesn't seem to be any indication of any of my DA loans being repaid early.
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Post by mrclondon on Apr 22, 2016 13:58:32 GMT
And the famine is likely to persist a while longer ... the 2nd MT supercar loan is due for redemption this week, AC have a couple of medium sized loans flagged for imminent repayment (although one is an internal refinance to a much lower rate), and over at TC one of the largest borrowers (8 ? loans secured against different assets) is refinancing most/all of the loans elsewhere before the end of the month. I only have two from DA that are due to re-pay (and one of those is late doing so). I have a few more due to re-pay later this year or next year, one was only drawn down in March. Do you have additional information about early re-payments? Edit: Just checked the SM status list and there doesn't seem to be any indication of any of my DA loans being repaid early. The repaying soon statuses got overwritten with the April payment run info. On the TC .Net forum look at the early post on the April 2016 payment thread listing expected early repayers, and on the Secondary Market Status Spreadsheet Status Codes thread for others. Its not yet clear what is happening with DA's loans ... but something is afoot.
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Greenwood2
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Post by Greenwood2 on Apr 22, 2016 14:54:04 GMT
I only have two from DA that are due to re-pay (and one of those is late doing so). I have a few more due to re-pay later this year or next year, one was only drawn down in March. Do you have additional information about early re-payments? Edit: Just checked the SM status list and there doesn't seem to be any indication of any of my DA loans being repaid early. The repaying soon statuses got overwritten with the April payment run info. On the TC .Net forum look at the early post on the April 2016 payment thread listing expected early repayers, and on the Secondary Market Status Spreadsheet Status Codes thread for others. Its not yet clear what is happening with DA's loans ... but something is afoot. I don't see anything particularly sinister, there being three loans to one site makes it look a lot of loans repaying. Of the ones I'm involved with one was due to repay in June and one in August, so just running early? No comments I can see about any of the later finishing loans I have. I can't see it would be worth re-financing these short term property loans in the middle of construction, but I guess we will see.[/p]
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Greenwood2
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Post by Greenwood2 on Apr 25, 2016 11:09:40 GMT
DA just listed three new loans on TC, so doesn't look like they are going anywhere. Ones repaying soon are listed in the IP, probably to encourage lenders to bid who might feel overweight in DA.
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