dovap
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Post by dovap on Oct 4, 2017 22:04:59 GMT
(I'm already in and happy to hold, but not to increase without suitable reward.) not really any choice but to hold whether happy or not might hang on for the further tranches of upto 975K - imagine the cashback on those 
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mikes1531
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Post by mikes1531 on Oct 5, 2017 1:27:55 GMT
They announced yesterday that this tranche would go live to day and then this evening announce 1% cashback. Even with a £7M+ repayment yesterday this one is struggling to fill, presumably as those with faith in the loan are amply exposed and those with no faith in Lendy have taken the money and run. (And those two groups are by no means mutually exclusive.) On the basis that Lendy are probably charging c. 18% for this, I expect they can do a bit better than 1%. Let them split their margin. I'd take some at 3% cashback. (I'm already in and happy to hold, but not to increase without suitable reward.) Are people forgetting that 18% is a p.a. rate and 1% CB is a lump sum? If you believe that the loan actually will be paid off in January, then 1% CB is better than 3% p.a. for three months. Not to mention the potential difference in tax treatment of CB vs. interest. I've not been in this loan before, but I'm sorely tempted to take the plunge now.
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gustapher
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Post by gustapher on Oct 5, 2017 3:33:03 GMT
They announced yesterday that this tranche would go live to day and then this evening announce 1% cashback. Even with a £7M+ repayment yesterday this one is struggling to fill, presumably as those with faith in the loan are amply exposed and those with no faith in Lendy have taken the money and run. (And those two groups are by no means mutually exclusive.) On the basis that Lendy are probably charging c. 18% for this, I expect they can do a bit better than 1%. Let them split their margin. I'd take some at 3% cashback. (I'm already in and happy to hold, but not to increase without suitable reward.) Are people forgetting that 18% is a p.a. rate and 1% CB is a lump sum? If you believe that the loan actually will be paid off in January, then 1% CB is better than 3% p.a. for three months. Not to mention the potential difference in tax treatment of CB vs. interest. I've not been in this loan before, but I'm sorely tempted to take the plunge now. Bang on mike. It's an additional month of interest for free. If it completes on time overall you are looking at a 25% boost in p.a. interest. Big "if" but does need to be factored in. Say I put £10k in I know I'm getting £100 CB bonus back into my account for investing elsewhere immediately (or at least the next interest run), plus the normal interest - another £300-£400 on top. £500 total return on £10k for holding 4 months is amazing. It's effectively 15% p.a. The downside is if it overruns your reward drops in percentage terms and exiting the loan early will be impossible.
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Post by lusitania on Oct 5, 2017 5:28:11 GMT
My finger is poised over the withdraw button for 5 figures, part of the proceeds from J**. Now I have to ask myself, do I top up nice little earners in COL, and fund new little earners in MT, not to mention a slice or two of BC. For me it is a no-brainer. After J** (now repaid) & DFL001 (suspended) this loan is my largest investment in Lendy. I stopped funding new tranches back in March as I reached my cap. Never tried to sell it in part due to the massive queues on the SM and because I still believe overall it's progressing well and should be repaid fairly on time so I'm ok to hold to term. Having said that my J** repayment has been fully withdrawn and will be going straight to MT, who despite all the recent issues lately I still believe it has a much better communication standard and my trust level is significantly higher. I would definitely split the J** amount halves with COL if I wasn't already heavily invested on their latest loans on offer. Now, of course I have an interest in seeing this development finished and obviously new tranches must be funded towards completion however I have to ask, how many investors would actually consider funding further if it wasn't for the 1% CB? Surely Lendy could have done much better in terms of increasing their offer! I mean, it's not as if there hasn't been enough on the SM (for months on end) for people to invest and like for like competition from other platforms for a higher loan return. Just my opinion.
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jcb208
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Post by jcb208 on Oct 5, 2017 6:34:52 GMT
Not got a large investment in this loan but with the cashback I will top up ,I do wonder Why people are still investing on the SM as they will not get the cashback ,obviously they don't read or did not recieve the email about the offer
Edit maybe I am wrong as there are a lot of large investments being purchased on the SM today
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r1200gs
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Post by r1200gs on Oct 5, 2017 9:10:02 GMT
While I don't like the tone of desperation in the email, I think this one is a pretty good bet. I'm in.
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southport
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Post by southport on Oct 5, 2017 9:54:29 GMT
Some big chunks of this being bought on the SM today. Aren't people aware of the cash back offer?
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Post by d_saver on Oct 5, 2017 9:58:10 GMT
Probably, but I expect some people are comforted by fact Lendy are putting a bit more support behind getting this funded and finished + you can get exactly what you want from the SM vs take your chance with pre-fund and cash back. Some larger investors probably doing both.
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SteveT
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Post by SteveT on Oct 5, 2017 10:05:04 GMT
Some big chunks of this being bought on the SM today. Aren't people aware of the cash back offer? Anybody that opted out of receiving Lendy emails won't be; I can see no mention of the 1% Cashback offer anywhere on the Pipeline Loans list or the DFL005 Tranche 16 page Something of a missed opportunity, Lendy Support ?
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twoheads
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Programming
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Post by twoheads on Oct 5, 2017 10:22:53 GMT
Some big chunks of this being bought on the SM today. Aren't people aware of the cash back offer? Anybody that opted out of receiving Lendy emails won't be; I can see no mention of the 1% Cashback offer anywhere on the Pipeline Loans list or the DFL005 Tranche 16 page Something of a missed opportunity, Lendy Support ? Indeed... previous cash-back tranches specifically had '**CASHBACK OFFER **' appended to the tranche title so it appeared everywhere automatically.
I guess they're just being a bit slow, as usual.
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fp
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Post by fp on Oct 5, 2017 13:25:17 GMT
Some big chunks of this being bought on the SM today. Aren't people aware of the cash back offer? Anybody that opted out of receiving Lendy emails won't be; I can see no mention of the 1% Cashback offer anywhere on the Pipeline Loans list or the DFL005 Tranche 16 page Something of a missed opportunity, Lendy Support ? it came in a separate email last night at around 10pm, titled "1% Cashback - DFL005 Arboretum"
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mikes1531
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Post by mikes1531 on Oct 5, 2017 14:24:44 GMT
Some big chunks of this being bought on the SM today. Aren't people aware of the cash back offer? Probably, but I expect some people are comforted by fact Lendy are putting a bit more support behind getting this funded and finished + you can get exactly what you want from the SM vs take your chance with pre-fund and cash back. With a £1.6M tranche on a loan that already has £7.2M outstanding, I would have thought that you could get exactly what you want via pre-funding. (Except, I suppose, insofar as pre-funding is available only in specific round-number amounts.) Do people think that the CB offer will mean the tranche will be over pre-funded and thus a maximum allocation will have to be applied? I suppose if you're a BH, and want to increase your position by a five-figure amount you might opt to avoid any allocation limit, but ISTM it would be better financially to put in a large pre-funding request and hope you get what you want and the cashback. If you don't, I expect there will be parts available on the SM to buy soon enough -- if not immediately, then on 1/Nov after the CB has been paid.
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mikes1531
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Post by mikes1531 on Oct 5, 2017 14:40:44 GMT
Anybody that opted out of receiving Lendy emails won't be; I can see no mention of the 1% Cashback offer anywhere on the Pipeline Loans list or the DFL005 Tranche 16 page Something of a missed opportunity, Lendy Support ? it came in a separate email last night at around 10pm, titled "1% Cashback - DFL005 Arboretum" : ISTM that SteveT's point was that people who have opted out of Lendy emails wouldn't have received last night's notice and thus would have been oblivious of the offer. Lendy have taken care of this now by adding '*** CASH BACK OFFER ***' to the tranche title in the pipeline. I'm going to guess that there won't be much of an allocation restriction. Lendy originally said the tranche would go live yesterday, so I expect that right now they're just watching the amount pre-funded rise in response to the CB offer, and that they'll set the tranche live as soon as it's fully covered by pre-funding. Or maybe they won't wait quite that long, and will set it live when it's close to full funding. It wouldn't surprise me if any CB-inclusive parts that go onto the SM after the go-live are snapped up in a FFF frenzy.
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southport
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Post by southport on Oct 5, 2017 14:42:33 GMT
Everyone should know about the 1% cash back now... It just hit the SM.
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Post by portlandbill on Oct 5, 2017 15:18:30 GMT
Everyone should know about the 1% cash back now... It just hit the SM. yet, strangely, my position in the queue hasn't changed Seems to be being treated as a separate loan. Because of the cashback?
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