acky
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Post by acky on May 15, 2016 13:59:51 GMT
There could also be unhappy bunnies caught out by property repayments tomorrow, particularly bearing in mind the refinances - Richmond 4 and Cheshire 9 which will draw tomorrow and repay £800k+ in existing loans. But out of the kindness of my heart, I will continue to make my overpriced loans available to these poor souls to buy on the SM at the last minute!
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treeman
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Post by treeman on May 15, 2016 15:11:58 GMT
Well, it's been a pleasingly busy weekend  and still time yet ! Had to sit on the cash box to shut it ! What will tomorrow bring I wonder .......... all together now - "give me an E..........." Back to the sun !  |
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blender
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Post by blender on May 15, 2016 15:12:22 GMT
You mean, Acky, they might qualify today but find with repayments that they no longer qualify tomorrow. How cruel! Today is a good time to help on the SM, but in view of the circumstances we should not apply premia greater than 3%
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dorset
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Post by dorset on May 16, 2016 8:49:05 GMT
I've had some newish E loans out in the market at premiums of 2%/2.5% for a week and none have sold to date.
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blender
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Post by blender on May 16, 2016 9:12:39 GMT
True that the ones I wish to sell are going around 1%. But when they came with cash back, and anticipating a buying opportunity soon, that's not bad. It's a good time to sell.
They are listing new loans early today, four by 10:15. If they are looking for a way to be kind to unhappy bunnies then the amount in 'my bids' at 23:59 is the obvious simple allowance that could be made.
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SteveT
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Post by SteveT on May 16, 2016 9:17:48 GMT
I've had some newish E loans out in the market at premiums of 2%/2.5% for a week and none have sold to date. The feeding frenzy started to tail off about a week ago, presumably as most iPad hunters had reached their threshold by then. I was selling more or less any D / E at 2%+ in the previous couple of weeks but it's very much back to normal now.
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Post by Deleted on May 16, 2016 10:24:23 GMT
I think the sale rates strictly depend on the size of loan and general interest from the market.
I have had for weeks and weeks many A+ properties above 8% interest on the SM and some E at 17.3-17.4% and still are on sale now (not even noticed any real increase in my sales at all for the iPads)....
So, it is not at all so easy as you say.
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treeman
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Post by treeman on May 16, 2016 11:40:00 GMT
Round about 0.8-1% premium for D/E shifted well over the weekend (as others say 2%+ a couple of weeks ago). I just price at / just below what else is offered, depending how quick I'd like it moved.
Sold quite a lot of A+ property at 1% premium too (1 bunch was all snapped up at 1.5%).
May well have to go back to being happy with 0.3-0.6% on the E turntable now..........
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fasty
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Post by fasty on May 16, 2016 16:19:07 GMT
There seems to have been a distinct lack of "E"'s recently. Now, is it my disturbed imagination or have we been seeing a lot more "D"'s instead recently? Would I be unreasonably cynical to imagine that some loans previously offered as "E" band are now being offered as "D"? Have goalposts been nudged? Is "E" rating now solely reserved for a loan application that is already in discussion with the receiver or has at least 2 CCJs?
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blender
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Post by blender on May 16, 2016 16:23:24 GMT
There seems to have been a distinct lack of "E"'s recently. Now, is it my disturbed imagination or have we been seeing a lot more "D"'s instead recently? Would I be unreasonably cynical to imagine that some loans previously offered as "E" band are now being offered as "D"? Have goalposts been nudged? Is "E" rating now solely reserved for a loan application that is already in discussion with the receiver or has at least 2 CCJs? I hope you mean a borrower who is "not expecting at least 2 CCJs".
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treeman
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Post by treeman on May 16, 2016 16:26:08 GMT
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and still time yet !
