mh
Posts: 26 
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Post by mh on Jun 15, 2018 15:35:35 GMT
I doubt that the re-finance is due to any desire to move away from Lendy because of Lendy's performance. It's probably just a matter of paying less interest. I always saw this a fairly safe investment; and less risk means the developers were able to persuade someone to finance it at a lower interest rate.
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Post by Please turn me over on Jun 15, 2018 15:42:02 GMT
I wish that I had had a nibble of this one.  |
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michaelc
Member of DD Central
Say No To T.D.S.
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Post by michaelc on Jun 15, 2018 17:40:10 GMT
It's certainly my idea of a good result. A very safe loan, that has delivered a good rate of interest and returned the capital in full. What more is there to want? The only problem is that whatever I invest in next on the platform is likely to be a little less safe. Definitely great news but in retrospect, if the real LTV was as low as being advertised (or close) I wonder why the loan wasn't being snapped up on the sm?
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rocky1
Member of DD Central
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Post by rocky1 on Jun 15, 2018 18:12:33 GMT
i think because lendy have now lost the trust and respect of many lenders who at one time would not have hesitated at funding loans.lendy have worn down a lot of people who have just give up on them.
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tx
Member of DD Central
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Post by tx on Jun 15, 2018 18:29:25 GMT
I believe it is more because of the lack of ability to raise further funds here. And to release the first charge and refinance further elsewhere, it most likely be forced into repay the full balance.
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Post by nickdavies on Jun 15, 2018 21:42:41 GMT
I got my money back and jam on it. But the moans go on.
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Post by picanto on Jun 15, 2018 21:45:15 GMT
This repayment hasn't really had much impact on the secondary market (yet!). I'm trying to sell my loan parts in a particular loan, still in positive days and yet only £30 has been invested in this loan today. I would have thought a near £5 million repayment would have resulted in much more investment activity than what has been, even with investors confidence being relatively low. Maybe a lot of people just haven't logged into Lendy today, or at least that's what I hope...
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Post by df on Jun 16, 2018 4:50:58 GMT
This repayment hasn't really had much impact on the secondary market (yet!). I'm trying to sell my loan parts in a particular loan, still in positive days and yet only £30 has been invested in this loan today. I would have thought a near £5 million repayment would have resulted in much more investment activity than what has been, even with investors confidence being relatively low. Maybe a lot of people just haven't logged into Lendy today, or at least that's what I hope... Repayments don't necessarily affect each loan on SM. I have 8 on sale and there was a significant movement in queues for most of them since DFL030 repayment.
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Post by df on Jun 16, 2018 4:57:25 GMT
It's certainly my idea of a good result. A very safe loan, that has delivered a good rate of interest and returned the capital in full. What more is there to want? The only problem is that whatever I invest in next on the platform is likely to be a little less safe. Definitely great news but in retrospect, if the real LTV was as low as being advertised (or close) I wonder why the loan wasn't being snapped up on the sm? The queue was massive and most investors (I assume) don't want to be overexposed.
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rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
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Post by rocky1 on Jun 16, 2018 5:27:04 GMT
as with nearly all of these available loans now. they are only further tranches/extensions of loans that many lenders have already funded through earlier releases. 1 loan now 25 tranches on and still going,i loaned a good 4 figure sum into this on tranche 1 and have good amounts in all of these DFLs including the 1 where the borrowers cleared off with 7 million.so for the past 6/7 months my money has been going else where.so all i can do now is see how lendy play it all out and will not lend another penny.
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Post by hazellend on Jun 16, 2018 8:24:17 GMT
as with nearly all of these available loans now. they are only further tranches/extensions of loans that many lenders have already funded through earlier releases. 1 loan now 25 tranches on and still going,i loaned a good 4 figure sum into this on tranche 1 and have good amounts in all of these DFLs including the 1 where the borrowers cleared off with 7 million.so for the past 6/7 months my money has been going else where.so all i can do now is see how lendy play it all out and will not lend another penny. Something needs to make the later loans for DFLs more attractive to tempt people to invest more and "undiversify". Cash back is much more preferrable to a higher interest rate to me.
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Jeepers
Member of DD Central
Posts: 818
Likes: 721
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Post by Jeepers on Jun 16, 2018 8:32:13 GMT
as with nearly all of these available loans now. they are only further tranches/extensions of loans that many lenders have already funded through earlier releases. 1 loan now 25 tranches on and still going,i loaned a good 4 figure sum into this on tranche 1 and have good amounts in all of these DFLs including the 1 where the borrowers cleared off with 7 million.so for the past 6/7 months my money has been going else where.so all i can do now is see how lendy play it all out and will not lend another penny. Something needs to make the later loans for DFLs more attractive to tempt people to invest more and "undiversify". Cash back is much more preferrable to a higher interest rate to me. Agreed. I'd always take cashback over additional interest purely for the tax advantage.
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empirica
Member of DD Central
Posts: 326
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Post by empirica on Jun 16, 2018 8:52:19 GMT
as with nearly all of these available loans now. they are only further tranches/extensions of loans that many lenders have already funded through earlier releases. 1 loan now 25 tranches on and still going,i loaned a good 4 figure sum into this on tranche 1 and have good amounts in all of these DFLs including the 1 where the borrowers cleared off with 7 million.so for the past 6/7 months my money has been going else where.so all i can do now is see how lendy play it all out and will not lend another penny. Something needs to make the later loans for DFLs more attractive to tempt people to invest more and "undiversify". Cash back is much more preferrable to a higher interest rate to me. I disagree _ nothing should be done which encourages investors to over-expose themselves to any single loan, borrower, platform, investment class, etc, etc, If Lendy _ or whichever platform _ cannot fill loans by having a large enough investor base, then it should look to external sources. If that means handing over the lion’s share of the interest which they would have earned as the platform, then so be it. In doing so, they’ll be supporting themselves by getting the loan funded and protecting their reputation as an able finance provider within the developer / borrower community and they’ll also be protecting investors. That Lendy on the one hand can say: and then subsequently communicate to investors (my bolding): doesn’t sit well with me. If that second statement had been caveated in some way _ perhaps with something along the lines of: ‘ within the realms of sensible diversification’ _ then it may be more acceptable.
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Post by hazellend on Jun 16, 2018 9:31:09 GMT
All lenders are over 18, investing their own money. Why shouldn't incentives be offered? If lenders over expose themselves, that's their own fault/Risk. Exactly. They shouldn’t be investing at all if they need such hand holding
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Post by supernumerary on Jun 16, 2018 10:16:30 GMT
This repayment hasn't really had much impact on the secondary market (yet!). I'm trying to sell my loan parts in a particular loan, still in positive days and yet only £30 has been invested in this loan today. I would have thought a near £5 million repayment would have resulted in much more investment activity than what has been, even with investors confidence being relatively low. Maybe a lot of people just haven't logged into Lendy today, or at least that's what I hope... Repayments don't necessarily affect each loan on SM. I have 8 on sale and there was a significant movement in queues for most of them since DFL030 repayment. Halving of the secondary market availability on PBL199. Some big sums going on that, being a PBL, rather than a DFL.  PBL199 could ALL be 'swept up' by the end of this weekend, if that rate of purchasing/investing continues...  DFL029 tranche went quickly as well. DFL036, it is so huge, the tranche is still selling very slowly. It would appear that Lenders are more discerning in their lending choices, at the moment.
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