ablender
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Post by ablender on Oct 16, 2016 19:09:28 GMT
It won't be all loans, will it? I understood it would be a range of loans with different rates. I assumed 11, 12 and 13%. The fact SS updated their site from top to bottom with "Up To 12%" would suggest we're not going to see any higher rates anytime soon, only lower rates. The proposal seems to be, that loans that match the current loan book will still be 12%, but there will now be loans with better-looking security, that will be offered at lower rates (that previously Lendy Ltd have lost out on, because the borrower/ broker has found lenders with more attractive rates). Only guessing though... What I am afraid of is that they will take the worse offerings as compared to the current loans (the ones I am not ready to lend to) and offer them at 12%, while the better ones (the ones I am ready to lend to at 12%) will be offered at less. That would raise a problem for me.
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fasty
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Post by fasty on Oct 16, 2016 21:55:29 GMT
Apologies if it has already been raised in this thread (I couldn't see anything with a quick flick through) BUT,
Has anyone else noticed that neither the street name nor the postcode mentioned in the valuation apparently exist? Well, not according to either Royal Mail or Google Maps.
Perhaps I'm missing something, did the street name and postcode change during development? If they are both typos then that seems a trifle.. unprofessional
EDIT: It appears that the postcode has been "discontinued". Curious about the street name though.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Oct 16, 2016 22:01:21 GMT
Apologies if it has already been raised in this thread (I couldn't see anything with a quick flick through) BUT, Has anyone else noticed that neither the street name nor the postcode mentioned in the valuation apparently exist? Well, not according to either Royal Mail or Google Maps. Perhaps I'm missing something, did the street name and postcode change during development? If they are both typos then that seems a trifle.. unprofessional EDIT: It appears that the postcode has been "discontinued". Curious about the street name though. Pool Street not Port Street I don't think the above IDs the borrower, but I have reported my post to the MODs just in case...
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ablender
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Post by ablender on Oct 16, 2016 22:19:47 GMT
Apologies if it has already been raised in this thread (I couldn't see anything with a quick flick through) BUT, Has anyone else noticed that neither the street name nor the postcode mentioned in the valuation apparently exist? Well, not according to either Royal Mail or Google Maps. Perhaps I'm missing something, did the street name and postcode change during development? If they are both typos then that seems a trifle.. unprofessional EDIT: It appears that the postcode has been "discontinued". Curious about the street name though. Check Pool st corner with Jeddo st. Do you think it is the building shown on SS? X with our fast detective cooling_dude
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oldgrumpy
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Post by oldgrumpy on Oct 16, 2016 22:55:46 GMT
Come on chaps, it's Paul Street. No delivery facility in Pool Street. I am thinking the postcode was discontinued in 1981 when no delivery addresses were required in Paul Street, (probably diverted to Jeddo Street). The postcode may well be revived now that an entrance is again available in Paul Street for the new apartments. Port Street is cr** (oops, mustn't say that. Might upset our precious moderators for being vulgar) .. rubbish and doesn't exist - shame on the valuers for carelessness.
Yes it is the building shown on SS, and it's coming on nicely - can't give you my pictures (mustn't identify the borrower, must we!!!) but just Google the Express and Star for September pictures in the public domain.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Oct 16, 2016 23:02:32 GMT
Come on chaps, it's Paul Street. No delivery facility in Pool Street. I am thinking the postcode was discontinued in 1981 when no delivery addresses were required in Paul Street, (probably diverted to Jeddo Street). The postcode may well be revived now that an entrance is again available in Paul Street for the new apartments. Not Paul Street, (although that street is mentioned in the VR, and does run along the same property). The charge on CH refers to "L**** and B******** on the e*** side of Pool Street, Wolverhampton" It also includes a title number, and if you search that on the land registry, it confirms that the location is Pool Street. So... No Banana for you...
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oldgrumpy
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Post by oldgrumpy on Oct 16, 2016 23:15:15 GMT
Come on chaps, it's Paul Street. No delivery facility in Pool Street. I am thinking the postcode was discontinued in 1981 when no delivery addresses were required in Paul Street, (probably diverted to Jeddo Street). The postcode may well be revived now that an entrance is again available in Paul Street for the new apartments. Not Paul Street, (although that street is mentioned in the VR, and does run along the same property). The charge on CH refers to "L**** and B******** on the e*** side of Pool Street, Wolverhampton" It also includes a title number, and if you search that on the land registry, it confirms that the location is Pool Street. So... No Banana for you... I assume fasty means the property we are funding. That is w*** of Pool Street. The borrower also owns property on the e*** of Pool Street which is not part of the current development. Pool Street has a different postcode. Can I have my banana now; I want to counteract the ale. B******s to aster*sks! I'm g**t*ng conf*s*d with my typing!
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sam i am
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Post by sam i am on Oct 17, 2016 6:45:41 GMT
I don't want to give away anything that might identify the borrower but I'd like to confirm that it is definitely P**l Street and NOT P**l Street
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Post by jonboy73 on Oct 21, 2016 23:23:54 GMT
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0risk
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Post by 0risk on Oct 22, 2016 1:15:35 GMT
Gone now. SM full: 50 loans available, total £578 K
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cooling_dude
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Post by cooling_dude on Nov 21, 2016 11:17:33 GMT
DFL004 - Tranche 4 has appeared on the pipeline
£844,446
Edit - Due to go live tomorrow
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Nov 22, 2016 10:57:44 GMT
Tranche Live
£990.00 Allocation
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pom
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Post by pom on Nov 22, 2016 11:05:11 GMT
Oops bit more than I was expecting - didn't bother changing my prefund as didn't think I'd get that much Might sell a bit of my existing.. Edit I guess the demand for it from smaller investors may be dropping with these later tranches to get allocated so much, but my excess sold in the usual seconds, so still plenty of demand from the bigger hitters
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pom
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Post by pom on Nov 22, 2016 11:22:02 GMT
Me too but as negative can't sell it yet. You don't have any of the earlier tranches?
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Post by Deleted on Nov 22, 2016 11:25:03 GMT
Tranche Live £990.00 Allocation Not far off my total pot!! Is managing your portfolio and updating on the forum your 'job' ..... always seem to be first to report back. Impressive!
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