cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jun 27, 2016 14:20:50 GMT
Just got the e-mail
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jun 27, 2016 14:21:09 GMT
Got email. SS pulled three loans because of Brexit aftermath.
Beaten by le dude.
I was only in #110 from those three. I wonder if any more are to be dealt with similarly.
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Post by ladywhitenap on Jun 27, 2016 14:22:23 GMT
My interest has now arrived ok
LW
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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 Jun 27, 2016 14:22:28 GMT
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fasty
Member of DD Central
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Post by fasty on Jun 27, 2016 14:27:41 GMT
Interesting that the decision was apparently driven by SS not the borrowers. Bold decision but probably very understandable.
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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 Jun 27, 2016 14:27:49 GMT
Got email. SS pulled three loans because of Brexit aftermath. Beaten by le dude. I was only in #110 from those three. I wonder if any more are to be dealt with similarly. There is also PBL104 which hasn't drawndown yet. It has nothing to do with these loans but is also a property in London...
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spyrogyra
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Post by spyrogyra on Jun 27, 2016 14:28:28 GMT
CD, thanks for the DD on 97 !!!
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Liz
Member of DD Central
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Post by Liz on Jun 27, 2016 14:44:23 GMT
thanks dude. edit: But not Luton from what I read somewhere. Luton looks good, and gravel pit. Also pbl85 doing well.
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Liz
Member of DD Central
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Post by Liz on Jun 27, 2016 14:48:00 GMT
thanks dude. edit: But not Luton from what I read somewhere. Luton looks good, and gravel pit. Also pbl85 doing well. The rezoned arable land looks a safe bet, and the DFL's have an exit, and are progressing well(recent update)
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Liz
Member of DD Central
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Post by Liz on Jun 27, 2016 21:13:43 GMT
Got email. SS pulled three loans because of Brexit aftermath. Beaten by le dude. I was only in #110 from those three. I wonder if any more are to be dealt with similarly. There is also PBL104 which hasn't drawndown yet. It has nothing to do with these loans but is also a property in London... Can someone expand on why these were pulled? I'm not in them so didn't get the email, thanks.
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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 Jun 27, 2016 21:15:05 GMT
There is also PBL104 which hasn't drawndown yet. It has nothing to do with these loans but is also a property in London... Can someone expand on why these were pulled? I'm not in them so didn't get the email, thanks. Brexit... E-mail from SS is here
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Liz
Member of DD Central
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Post by Liz on Jun 27, 2016 21:21:35 GMT
Can someone expand on why these were pulled? I'm not in them so didn't get the email, thanks. Brexit... E-mail from SS is hereDon't know how I mossed that post, I every SS post. They should have done an email to all members, not just the syndicate ones. That is a very vague explanation as to why they pulled the loans, maybe too much of Savingstreams cash was tied up in these loans, and they wanted it back.
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sam i am
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Post by sam i am on Jun 27, 2016 22:52:13 GMT
Yes, a good decision by savingstream to pull these loans if they were not sure of them in the current climate. And it also helps the market by putting funds back in the hands of lenders and bringing supply and demand a bit closer together. But (unless I am proven wrong in the next few days) I think the best decision by savingstream has possibly gone under the radar. If you recall, last week was supposed to bring us another £15m of loans including 'the largest P2P loan ever'. Thankfully this seems to have been quietly shelved. I don't see an appetite for significant P2P funding right now. Best to keep things steady, do nothing to frighten lenders (such as flooding the market) and then gradually increase the supply again when things have settled down a bit. It might slow growth a little for savingstream in the short term but I believe it will generate greater trust with lenders and this will reap dividends in the longer term. Edit: It woud be good if savingstream could give us their thoughts on this (either now or when talks with potential borrowers have concluded). No face lost if they have decided against a record loan. In fact kudos to them if they have the courage to change their mind when circumstances change.
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spiral
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Post by spiral on Jun 28, 2016 6:44:49 GMT
Brexit... E-mail from SS is hereWhere have you hidden that post? The address is : 'http://p2pindependentforum.com/post/125362' whereas a typical post is: 'http://p2pindependentforum.com/thread/5688/pbl107-flats-houses-london-repaid' You seem to have created a post without a linked thread 
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jun 28, 2016 7:31:02 GMT
Brexit... E-mail from SS is hereWhere have you hidden that post? The address is : 'http://p2pindependentforum.com/post/125362' whereas a typical post is: 'http://p2pindependentforum.com/thread/5688/pbl107-flats-houses-london-repaid' You seem to have created a post without a linked thread It's deftly hidden on page 26 of this thread, fourteen posts back - only visible to those who were nice to Le Dude when he was barred. 
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