|
|
Post by pepperpot on Apr 17, 2014 12:07:58 GMT
Yep, happy easter bunny! Just need to sell them now  , but as it's about the most secure looking loan FC have ever done, there's no rush. Especially if they start off at a big discount. Although as I write 3x£20 parts have just gone at par  |
|
|
|
Post by phlitb on Apr 17, 2014 12:51:06 GMT
And it's out, with 2.5% paid. If it's a mistake, serves them right for not reading this forum.
I can afford an Easter egg now.
If you view the comments for the loan you'll see the explanation for the "bonus" 0.5% in addition to the quoted 2% cashback offer. To be fair to FC, they admitted a mistake (which none of us here had spotted!) and made good on it.
|
|
|
|
Post by aloanatlast on Apr 17, 2014 15:24:41 GMT
It would be cynical to mutter about regulation.
|
|
|
|
Post by aloanatlast on Apr 18, 2014 5:51:58 GMT
It's annoying that bullet loans aren't distinguished in any way at all on the Loan Parts for sale listing. Not even a bullet.
I'd normally figure on a 36-month 8.5% being capped at 6.4% and compare that with the going rate. But if it's a bullet loan it's capped at 7.3% and when there's a whole bunch of them I won't know where I am.
I suppose we're still stuck with the 3% cap - they could have done with increasing it for 60-month loans, but they didn't. So that'll be another drag on secondary market prices.
|
|
|
|
Post by GSV3MIaC on Apr 18, 2014 7:56:27 GMT
I agree. I also wonder if we can assume all fixed rate loians will be bully, and vice versa? If not we have 4 flavours to choose among.
|
|
, but as it's about the most secure looking loan FC have ever done, there's no rush. Especially if they start off at a big discount.
