trevor
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Post by trevor on Jun 16, 2016 16:55:51 GMT
£499k form pebble 106 on the SM plus over £1m from other loans on the SM. Also FS loans taking ages to fill. Are p2p lenders maxed out?
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Post by hazzo on Jun 16, 2016 17:03:04 GMT
Yes
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Post by geraldine1210 on Jun 16, 2016 17:13:46 GMT
Could do with a few loans being paid off.
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adrianc
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Post by adrianc on Jun 16, 2016 17:27:07 GMT
Could do with a few loans being paid off. Indeed, both from the point of view of freeing up cash and for giving the wobblers a little hug after 20.
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nick
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Post by nick on Jun 16, 2016 17:42:36 GMT
I think that there are a number of factors at work, a significant one being the Brexit vote round the corner. I'm holding a lot more cash than normal until the vote passes. It will probably be a non-event, but for the sake of a few days interest I'm happy to reduce my exposures. If the current decimation of sterling and uk stocks are any measure to go by, an actual out vote will cause a lot of uncertainty in the short term and may make refinancing and the sale of current projects more difficult/prolonged whatever the long term merits of leaving the EU may or may not be. I would definitely expect a lot more caution from investors to increasing their UK property exposures until there is a bit more certainty.
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jimbob
Member of DD Central
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Post by jimbob on Jun 16, 2016 17:44:46 GMT
£499k form pebble 106 on the SM plus over £1m from other loans on the SM. Also FS loans taking ages to fill. Are p2p lenders maxed out? Yes I'm maxed pretty much.
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Post by earthbound on Jun 16, 2016 17:48:57 GMT
Personally... NO... i'm not maxed out, but i am worried about in or out.. slightly.. loads on the SM and i must admit i am thinking twice.
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Post by Deleted on Jun 16, 2016 18:04:34 GMT
I think there is over-enthusiasm from the SS team.
The 9 mil London loans all at once was already a record for the site. Putting on top of that another 2+mil just a day after was really too much. They could have distributed the London loans over two days and waited another 3-4 for the Fife industrial loan.
New comers might also have been attracted by the news on forums (so free advertising for them for a few days) and certainly more money would have flowed better around.
Lesson to learn I think for SS.
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ped
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Post by ped on Jun 16, 2016 18:12:02 GMT
Well I am all in, had set a preferred limit on P2P loans but that went out of the window weeks ago. Must stop, must stop!
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adrianc
Member of DD Central
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Post by adrianc on Jun 16, 2016 18:36:46 GMT
The 9 mil London loans all at once was already a record for the site. 9 mil? 9 loans. £12m...
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ped
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Post by ped on Jun 16, 2016 18:42:42 GMT
Not bad so far for 12M + 2M this week with under 3M on the SM, I am wondering how much more will hit after those that went well over on the pipeline.
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Post by GSV3MIaC on Jun 16, 2016 21:19:48 GMT
Over £3m on the SM now, and I'm sure some panic has yet to hit the fan, but that's still not bad considering the influx of new borrowing. Just one of the expected repayments could clear that, and there are actually several which are supposed to be repaying last week. Hopefully we'll get a proper update tomorrow.
Meantime the 'SM is there for the benefit of lenders wanting out, and it is working very well for that purpose' (I paraphrase) needs some rewording. But then, there has been plenty of comment here to the effect that you shouldn't invest what you can't do without for some unknown period of time (worst case 'forever'). Liquidity is one of those things which is never to be found when everyone most wants it.
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Post by harvey on Jun 16, 2016 21:30:10 GMT
I would not say I was maxed out in terms of my ability to buy a bit more or transfer a bit more into saving stream but there are a number of circumstances going on at the moment such as the default situation, the referendum vote next week and a massive glut of new central London loans going live all in the same week and the resulting effect that the secondary market is saturated and the liquidity isn't there at the moment. All those factors mean that I do not want to put new money into saving stream at the moment until things are a bit clearer and I have seen if the secondary market clears a bit.
Without all the above circumstances happening at once I would probably have decided to invest a bit more than i have recently but probably like quite a lot of people I'm holding back a bit at the moment and I guess I'm a part of the problem in that sense. I would guess that are quite a lot of people who aren't maxed out but who are also sitting back and watching how things pan out for a little while.
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ped
Member of DD Central
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Post by ped on Jun 16, 2016 22:03:54 GMT
Just had a quick check, if 35 repays, all this SM could vanish in a matter of hours. Guess when 35 will repay? Not last week (as the last update said)....  |
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Post by harvey on Jun 16, 2016 22:21:44 GMT
Just had a quick check, if 35 repays, all this SM could vanish in a matter of hours. Guess when 35 will repay? Not last week (as the last update said).... I'm not in 35 anymore because I sold out a while ago so I have not been paying much attention to the updates on that one. However I am sure the guys behind saving stream are not stupid and they know the effects of what they are doing so perhaps they know that loan is going to repay very soon. Remember, saving stream have not been the greatest at communication lately so all sorts could be going on that we don't know about. Maybe they are sitting at home with their gin and tonics having a chuckle about what people are writing on here. People could wake up tomorrow to an email from saving stream telling them that a big loan like that had repaid and the money was back in their accounts to reinvest.
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