j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188 
Likes: 540
|
Post by j on Apr 25, 2014 20:03:28 GMT
A new one @ 12% for 12 months @ ~57& gdv. Time to read the credit report!
|
|
j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
|
Post by j on Apr 25, 2014 20:07:49 GMT
PS 92% underwritten from the word GO!! & open for 5 days only, estimated draw down by mid-May
|
|
j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
|
Post by j on Apr 25, 2014 20:24:22 GMT
After a quick read, one downside is that interest is rolled up at term so will have a smaller bid than first anticipated. Hope this is a first sign of more loan offers on AC after a stagnant period
|
|
spockie
Member of DD Central
Posts: 299 
Likes: 84
|
Post by spockie on Apr 25, 2014 20:41:29 GMT
Yes, I've only put in a very small bid too. May buy a bit more on the aftermarket when I've had a chance to think through whether it may benefit me from a tax point of view.
|
|
thebillet
Member of DD Central
Posts: 64
Likes: 21
|
Post by thebillet on Apr 26, 2014 7:38:23 GMT
100% Funded already. Quite a contrast to recent auctions, notwithstanding the immediate use of U/W's.
|
|
agent69
Member of DD Central
Posts: 6,044
Likes: 4,437
|
Post by agent69 on Apr 26, 2014 9:05:13 GMT
Not a fan of rolled up interest, so I think I'll give this one a miss.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Apr 26, 2014 18:50:02 GMT
May buy a bit more on the aftermarket when I've had a chance to think through whether it may benefit me from a tax point of view. That's an interesting thought, but there's no guarantee that the borrower won't foul up your plans by deciding to pay off their loan early -- at which point the interest payment might not fall into the tax year you were hoping it would. In this particular loan, there's a further complication in that if one of the new-builds is sold then the proceeds would be used to pay off part of the loan and the interest associated with that part.
|
|
|
|
Post by pepperpot on Apr 30, 2014 14:01:45 GMT
If anyone wants any more of this loan, there's only about 2.5k left to fund.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Apr 30, 2014 15:18:18 GMT
If anyone wants any more of this loan, there's only about 2.5k left to fund. This surprised me as the loan was showing 100% funded and yet the auction was still open. I thought the number in the horseshoe chart was supposed to start showing decimal places when it started approaching 100%. Over to you, chris!
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Apr 30, 2014 15:20:16 GMT
Who's going for the last £264? Mouse over the horseshoe shows 99.97% now. :-)
|
|
andy2001
Member of DD Central
Posts: 361
Likes: 34
|
Post by andy2001 on Apr 30, 2014 15:21:50 GMT
Who's going for the last £264? Mouse over the horseshoe shows 99.97% now. :-) Honpou
|
|
|
|
Post by gonzo on Apr 30, 2014 15:27:30 GMT
I got myself the last £500 - quite exciting.
|
|
andy2001
Member of DD Central
Posts: 361
Likes: 34
|
Post by andy2001 on Apr 30, 2014 15:41:09 GMT
If anyone wants any more of this loan, there's only about 2.5k left to fund. This surprised me as the loan was showing 100% funded and yet the auction was still open. I thought the number in the horseshoe chart was supposed to start showing decimal places when it started approaching 100%. Over to you, chris! 99.97% rounded to 1 decimal place is 100%
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Apr 30, 2014 15:45:15 GMT
I got myself the last £500 - quite exciting. Did you notice whether there was £264 or £500 left at the time of your bid? I can see the £500 bid on the list, but how can that be if there was only £264 left? Does the bid show as £500 in your dashboard/statement?
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Apr 30, 2014 15:50:14 GMT
This surprised me as the loan was showing 100% funded and yet the auction was still open. I thought the number in the horseshoe chart was supposed to start showing decimal places when it started approaching 100%. Over to you, chris! 99.97% round to 1 decimal place is 100% True, but at the time I first looked at it I'm pretty sure there was enough still available that the percentage would have been less than 99.9%. Besides which, it shouldn't say 100% if there's anything at all left -- because 100% gives the wrong message. It ought to stay at 99.9% until the last bit is gone.
|
|
