binkle
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Post by binkle on Oct 8, 2016 22:05:41 GMT
Although I have argued that Rbs should probably find some more bricks and mortar type loans for a bit to restore some confidence and bring more lenders on board- this latest offering is the most pleasing one i have seen for a while. no real security- just an interesting narrative and good borrower engagement. Think i will punt a little more on this one as interest comes in from elsewhere. Would be nice to see a Rebs loan fill up again.
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mnm
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Post by mnm on Oct 15, 2016 14:30:28 GMT
It seems bricks and mortar are mainly found on other platforms. You are right more lenders are needed. The loan has filled. Yes, this loan does have a nice feel to it. The answers to questions indicate a hard working landlord with a lot of experience. At the moment I agree there is not that much security but I suppose for this rate of return you can't have both. On paper it looks good PG(x2), PGI(x2), debenture. With time and steady trading this should prove very secure and a good investment. The landlord has put £22,000 in plus £30,000 from a silent director backer who has good business judgement. Apparently pubs are still closing at 28 a week!! This very nice country village pub seems perfectly positioned with a big town nearby, a steady core of locals and the new 2,500 dwellings development happening soon. It’s somewhere to go for the big town folks to get into the country with not much effort. It should do ok. Agreed, the narrative from the director is good. He is very responsive to questions and this is a good sign. With this high return rate it's worth investing something.
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binkle
Member of DD Central
Posts: 57
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Post by binkle on Oct 18, 2016 13:02:14 GMT
Agree. Also I was happier with the discussions QandA Much as I love the scrutiny, I am not so keen on the tone of some discussion over last year, and do wonder if this puts some potential borrowers off, especially if they could go to Fried Cats and happily ignore all questions from lenders with impunity.
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mnm
Posts: 65
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Post by mnm on Oct 18, 2016 21:46:50 GMT
Definitely rebs improve QandA lately. It is lot more polite but I take you point that there are other sites that either you can ignore questions or the loan has been due diligence by experts that all is needed is read it. Experts costs moneys and I suppose this is what makes lower rate. The wife use to do investing. She helps when she can. It is me now. I try to read and learn from others to carry on, read p2p sites here at forum and all the questions from rebs and I learn a lot from dodgeydave. I agree with you about bricks and mortar for rebs the wife tells we dont get high rates for low risk be carfull. Risk is everywhere including bricks and mortar and so you might find this interesting. It might applies to all investments. Please read. What do you think, beatmydebt.com/self-help-guides-resources/charging-orders/charging-orders-on-jointly-owned-propertyPlease read. Even with p2p specialist in bricks and mortar it not always easy, p2pindependentforum.com/thread/6801/state-play-property-lending-on
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binkle
Member of DD Central
Posts: 57
Likes: 29
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Post by binkle on Oct 26, 2016 6:54:19 GMT
Thanks for this. I never take security as secure, or else the banks would be Lending in many cases now their liquidity is improved, but it shows intent by Rebs at least, which coupled with their improved focus on late payments will begin to make a difference.. Obviously Rebs is never a place for money you cannot risk losing.. As some recent loans have reminded us. I would like to think that the slow down in recent loans is in part a refection on lender expectations for lower default rate...
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mnm
Posts: 65
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Post by mnm on Oct 28, 2016 11:32:50 GMT
Thanks for this. I never take security as secure, or else the banks would be Lending in many cases now their liquidity is improved, but it shows intent by Rebs at least, which coupled with their improved focus on late payments will begin to make a difference.. Obviously Rebs is never a place for money you cannot risk losing.. As some recent loans have reminded us. I would like to think that the slow down in recent loans is in part a refection on lender expectations for lower default rate... binkleVery good points. I like your never take security as secure. That is very good advice. There is a Michael Lawther at rebs. The letters he sends out to lenders of behind payers seem to be written good. The N**** H**D I understand will have update after Christmas? I think it should looking good. If someone ask for update in April 2017 this will be more a test how pub is doing. As the wife said if you get rebs right you get good return. If you get rebs wrong you lose. She does due diligence. Although we no 28 pubs are closing each week we think there are many that wont and we both think this pub does good with landlord of experience and ideas. He is not afraid to do hard work with many hours
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mnm
Posts: 65
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Post by mnm on Nov 7, 2016 6:53:16 GMT
Is anyone near or a local to N**** H**D. It seems someone who can see how it is going will be good.
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