littonowl
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Post by littonowl on Sept 21, 2016 9:11:05 GMT
As a new customer of PP, was surprised to see the level of scale back (c.53%) on the Rugby property yesterday. Is this the norm, or was demand larger than normal for some reason (eg. high yield, scarcity of listings?). TIA
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bigfoot12
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Post by bigfoot12 on Sept 21, 2016 10:46:56 GMT
I'm quite new, too, but I think that was only the second property since June 23rd.
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beh
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Post by beh on Sept 21, 2016 12:00:32 GMT
Aye, not surprisingly given the post brexit hiatus. Attractive yield vs drop in interest rates too.
Similar on the Redditch one a couple weeks back, only getting 46% allocated.
I purposely requested roughly twice what I wanted on this expecting the same to happen.
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littonowl
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Post by littonowl on Sept 21, 2016 14:02:50 GMT
Thanks for the feedback, guys.
Yeah was trying to get a gauge on it for future reference...as you say, might be worth bidding for greater quantities in future, after all can always put excess on SM, if the p/f becomes too imbalanced.
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beh
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Post by beh on Oct 19, 2016 10:36:17 GMT
What was the % scale back on the Torquay one just finished?
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dc
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Post by dc on Oct 19, 2016 11:56:05 GMT
Demand was strong for this property launch, with pre-orders exceeding the funding target. In order to accommodate everyone, investors will receive 93.59% of their requested order.
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beh
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Post by beh on Oct 19, 2016 13:07:55 GMT
Demand was strong for this property launch, with pre-orders exceeding the funding target. In order to accommodate everyone, investors will receive 93.59% of their requested order. Cheers. Useful to know for pre-ordering the next one. So, ~ 45 > 50 > 80 > 95% scale back in recent listings.
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beh
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Post by beh on Dec 5, 2016 19:20:00 GMT
Wow, first property in a while to be available beyond the pre-order stage. Thinking it might be the last one this year.
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Post by sayyestocress on Dec 6, 2016 13:56:56 GMT
It took me by surprise as a relative newbie to PP. I now have twice as much as I wanted as I assumed I'd be getting scaled back like the previous listings, d'oh! The listing looked good to me, what's wrong with it? Perhaps people are too busy spending on Crimbo to invest?!
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Neil_P2PBlog
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Post by Neil_P2PBlog on Dec 6, 2016 14:05:42 GMT
I think after the brexit/summer break everyone had money waiting to invest in the first properties coming on and got into the over-bidding game which took a while to wind down.
I've noticed on PM too, there was a while that new properties would go in a couple of hours last October, now the same types sit for a long time.
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beh
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Post by beh on Dec 7, 2016 11:18:07 GMT
Well, it appears they're going to squeeze in another before xmas.
Looks ok -
<link identifying borrower's asset redacted>
Would be interesting to know if it's roughly the same ~10% of investors on most new listings, typically seems to be ~800 each time.
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Post by sayyestocress on Dec 14, 2016 16:23:19 GMT
Would be interesting to know if it's roughly the same ~10% of investors on most new listings, typically seems to be ~800 each time. The charts they provide in their latest open house blog are quite interesting. Roughly half the investors have 3 or less properties and and £500 or less invested. Whether these are people who tried it out but didn't want to continue putting money in, can't afford to put more in (though if that's the case I don't think this is the product for them anyway) or they represent a surge of new investors increasing their investments but very steadily. I'd hazard a guess it's not the latter as the proportion of new investors per property is generally a downward trend and seems quite small. Only 17% are in 11 or more properties and only 15% (approx.) have north of 5K on the platform. This data suggests your theory looks reasonable.
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ben
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Post by ben on Dec 31, 2016 11:02:36 GMT
Think a lot of people invest in all, persoanlly I prefer to pick them, I quite like the look of the new Liverpool one, must have missed the Manchester one as never noticed it.
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beh
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Post by beh on Mar 22, 2017 15:39:09 GMT
I didn't expect that last one to be oversubscribed, albeit only slightly (95% allocated). Thought people would be a bit cool towards London.
The Sowerby Bridge one looks very pleasant.
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hazellend
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Post by hazellend on Mar 22, 2017 17:12:50 GMT
The Sowerby one will definitely be oversubscribed, which puts me off.
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