ben
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Post by ben on Feb 10, 2017 11:06:14 GMT
I still personally am quite happy to invest in LI, with the odd exception I can usually get what I want. As more sites enter the market place rates will go down until there is a change in the bank rate.
The majority of the loans on LI are on properties that are already making money, i.e rented out, so the risk on these are completely different to the risk you take on for example investing in a development or even a refurbishment. You can quite easily do the maths and work out if a loan fails on LI would somebody be willing to buy it at value due to the return yield.
A valuation is only how much an asset is worth, not what are the chances of it selling at the price, the LTV should only be used as a starting point when assessing risk not as the end point.
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archie
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Post by archie on Feb 14, 2017 15:22:21 GMT
8% available.
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gibmike
Member of DD Central
What is a cynic? A man who knows the price of everything and the value of nothing.
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Post by gibmike on Feb 14, 2017 22:14:20 GMT
wow...
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upland
Member of DD Central
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Post by upland on Aug 23, 2017 6:46:14 GMT
Agree - when they first started dropping the rates post-Brexit they also had lower LTVs. Now we're back to higher LTVs but the rates haven't gone back up. I have had a lot of loans completing suddenly and little to replace them with. I also have a fair proportion still going after their original completion date. Is this others experience ?
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ben
Posts: 2,020
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Post by ben on Aug 23, 2017 13:06:55 GMT
Although rates have dropped, LI is still currently my biggest p2p investment. There valuations are general pretty accurate, very rarely have hope value built into them and a lot of the loans are on assets that are currently making money. With a bit of searching it is usually pretty easy to identify the property on google.
I currently have 7 loans that are overdue, but all are still paying monthly interest. Sometimes loans will always over run for what ever reason, that is not really an issue, the main problem is when sites believe what the borrower is telling them without any evidence or them paying any interest.
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archie
Posts: 1,804
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Post by archie on Aug 24, 2017 6:26:57 GMT
I did have a few overdue but they repaid last week. Currently all on track although some were extended.
Only have 11 investments left though as rates aren't usually worth reinvesting.
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archie
Posts: 1,804
Likes: 1,810
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Post by archie on Aug 25, 2017 15:18:18 GMT
4.75% on 75% LTV, bargain  |
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ben
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Post by ben on Aug 25, 2017 15:21:50 GMT
4.75% on 75% LTV, bargain Doubt lendinvest will worry to much all gone already in a few minutes.
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archie
Posts: 1,804
Likes: 1,810
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Post by archie on Aug 25, 2017 15:27:51 GMT
4.75% on 75% LTV, bargain Doubt lendinvest will worry to much all gone already in a few minutes. Didn't bother to log in. 
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Post by marc77 on Aug 25, 2017 15:37:16 GMT
I saw it come in by email and I did log in - out of curiosity of just how ridiculous it was! Astonished (really, truly astonished) to find it was already fully subscribed (minutes later, or was my email delayed?), so couldn't click through to see the gross rate LI were charging. It was a buy to let bought at auction, so I can imagine the borrower is paying c.12%.
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ben
Posts: 2,020
Likes: 589
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Post by ben on Aug 25, 2017 18:08:17 GMT
I saw it come in by email and I did log in - out of curiosity of just how ridiculous it was! Astonished (really, truly astonished) to find it was already fully subscribed (minutes later, or was my email delayed?), so couldn't click through to see the gross rate LI were charging. It was a buy to let bought at auction, so I can imagine the borrower is paying c.12%. It went within mins I logged in about 3 minutes after I got the email and it had all gone.
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