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4% more
Jun 27, 2016 12:29:23 GMT
via mobile
Post by geraldine1210 on Jun 27, 2016 12:29:23 GMT
Money on loan is around 105 million.
Loans on sm are reported as being around 4 million.
Obviously nobody wants to buy the defaulted property, or anything very overdue.
However if everyone of us increased our investment by 4% the sm would be cleared of the backlog.
Impossible, I know.
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sl75
Posts: 2,092 
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Post by sl75 on Jun 27, 2016 12:52:51 GMT
Money on loan is around 105 million. Loans on sm are reported as being around 4 million. Obviously nobody wants to buy the defaulted property, or anything very overdue. However if everyone of us increased our investment by 4% the sm would be cleared of the backlog. Impossible, I know. Increase your investment by 100%, and you can take the place of a couple of dozen other people who don't bother or aren't able to...
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Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
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Post by Liz on Jun 27, 2016 12:58:35 GMT
Money on loan is around 105 million. Loans on sm are reported as being around 4 million. Obviously nobody wants to buy the defaulted property, or anything very overdue. However if everyone of us increased our investment by 4% the sm would be cleared of the backlog. Impossible, I know. I don't have any spare cash!
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Investor
Member of DD Central
Posts: 662
Likes: 590
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Post by Investor on Jun 27, 2016 13:31:34 GMT
Money on loan is around 105 million. Loans on sm are reported as being around 4 million. Obviously nobody wants to buy the defaulted property, or anything very overdue. However if everyone of us increased our investment by 4% the sm would be cleared of the backlog. Impossible, I know. "Can't we get you on Mastermind, Geraldine? Next contestant - Geraldine 1210 from P2PIF. Special subject - the bleedin' obvious." 
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adrianc
Member of DD Central
Posts: 10,014
Likes: 5,143
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Post by adrianc on Jun 27, 2016 13:43:12 GMT
Money on loan is around 105 million. Loans on sm are reported as being around 4 million. Obviously nobody wants to buy the defaulted property, or anything very overdue. However if everyone of us increased our investment by 4% the sm would be cleared of the backlog. Impossible, I know. And, right on cue, here comes just over £3m in repayments... from the nine! 110, 111, 114.
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Post by rigid on Jun 27, 2016 13:48:55 GMT
In theory what with the stock market taking such a crash, investors should come running to SS! LOL to Investor  |
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Post by p2plender on Jun 27, 2016 13:50:24 GMT
Why early? Apologies as I don't follow this platform as much as others.
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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 13:52:17 GMT
Why early? Apologies as I don't follow this platform as much as others. We don't know yet (no update); keep your eye on the loan thread
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4% more
Jun 27, 2016 13:55:48 GMT
via mobile
Post by geraldine1210 on Jun 27, 2016 13:55:48 GMT
Money on loan is around 105 million. Loans on sm are reported as being around 4 million. Obviously nobody wants to buy the defaulted property, or anything very overdue. However if everyone of us increased our investment by 4% the sm would be cleared of the backlog. Impossible, I know. "Can't we get you on Mastermind, Geraldine? Next contestant - Geraldine 1210 from P2PIF. Special subject - the bleedin' obvious." :-(
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4% more
Jun 27, 2016 13:56:37 GMT
via mobile
Post by geraldine1210 on Jun 27, 2016 13:56:37 GMT
Money on loan is around 105 million. Loans on sm are reported as being around 4 million. Obviously nobody wants to buy the defaulted property, or anything very overdue. However if everyone of us increased our investment by 4% the sm would be cleared of the backlog. Impossible, I know. And, right on cue, here comes just over £3m in repayments... from the nine! 110, 111, 114. Seriously? That's good.
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Post by geraldine1210 on Jun 27, 2016 13:59:07 GMT
I shan't sulk.
I shall merely keep my lottery winnings (when I win it) and not clear the backlog.
:-)
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bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
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Post by bigfoot12 on Jun 27, 2016 15:04:55 GMT
In theory what with the stock market taking such a crash, investors should come running to SS! Why? If they are happy with property risk they can buy Barratt 40% cheaper than it was on Thursday, why would they invest in SS at the same price as it was on Thursday? (Or iShares UK Property 22% cheaper than Thursday, or P2PGI 8% cheaper than Thursday...)
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locutus
Member of DD Central
Posts: 1,059
Likes: 1,622
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Post by locutus on Jun 27, 2016 15:11:15 GMT
In theory what with the stock market taking such a crash, investors should come running to SS! Why? If they are happy with property risk they can buy Barratt 40% cheaper than it was on Thursday, why would they invest in SS at the same price as it was on Thursday? (Or iShares UK Property 22% cheaper than Thursday, or P2PGI 8% cheaper than Thursday...) Because of less volatility. Dividends on Barratt are pathetic and their share price is nowhere near historic lows. It could drop much further still. I'd prefer to invest in asset back loans that pay a high coupon without the fluctuations in capital value.
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Post by rigid on Jun 27, 2016 15:33:05 GMT
In theory what with the stock market taking such a crash, investors should come running to SS! Why? If they are happy with property risk they can buy Barratt 40% cheaper than it was on Thursday, why would they invest in SS at the same price as it was on Thursday? (Or iShares UK Property 22% cheaper than Thursday, or P2PGI 8% cheaper than Thursday...) SavingStream Stats: Amount loaned with us £157,532,585 divided by Number of investors 8,926 Average investor invests £17,500. Not enough deposit for a Buy To Let mortgage!
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,806
Likes: 3,237
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Post by jonno on Jun 27, 2016 15:38:29 GMT
Why? If they are happy with property risk they can buy Barratt 40% cheaper than it was on Thursday, why would they invest in SS at the same price as it was on Thursday? (Or iShares UK Property 22% cheaper than Thursday, or P2PGI 8% cheaper than Thursday...) SavingStream Stats: Amount loaned with us £157,532,585 divided by Number of investors 8,926 Average investor invests £17,500. Not enough deposit for a Buy To Let mortgage! I think he was referring to Barratt shares rather than Barratt houses
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