twoheads
Member of DD Central
Programming
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Post by twoheads on Oct 27, 2016 15:52:14 GMT
I think we might be getting an insight into the workings of SS's systems, with specific reference to decimal places... 9.9996% per annum is 0.8333% per month. 10.0% per annum is 0.833(recurring)% per month. I did suggest it might not be a coincidence that the first was 9%, which is 0.75%/mo... Coming soon - 10.5%/pa? (0.875%/mo) Perfect analysis.
Unfortunately 0.0004% of nothing is still nothing!
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dan83
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Post by dan83 on Oct 27, 2016 16:29:39 GMT
It's a NO from me. I won't be funding anymore loans until another 12% comes along, or I get at least £100 of uninvested interest.
I'd be gutted if I'd inverested in a 9% loan then a 10% loan came along and I couldn't sell my 9% loan for 7 days.
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Post by meledor on Oct 27, 2016 16:33:10 GMT
I've found the planning appeal. (Google the planning application number from the valuation, and select the Edinburgh link.) The conditions imposed are (summarised) 1) They have to convince the council that railway noise (10 trains per hour) with the building will be within acceptable levels. 2) The council has to approve the floor plans. 3) A travel plan has to be submitted before the building is occupied, and implemented within 6 months of completion. (I think this entails linking the site into existing footpath/cyclepath and public transport networks. My main concern with this loan is the issue of railway noise with the building being 10 metres from the railway line. It is stated that none of the conditions attached to the planning being granted "are considered unusually onerous" yet it was a factor in the original planning refusal so a concern that it has not been satisfactorily dealt with before now.
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adrianc
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Post by adrianc on Oct 27, 2016 17:30:23 GMT
Unfortunately 0.0004% of nothing is still nothing! Oh, indeed. But if you happen to have ten grand invested, then it's FOUR WHOLE PENCE difference per year...
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ablender
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Post by ablender on Oct 27, 2016 18:12:02 GMT
savingstream: subject - 9.9996% vs 10% Thinking ahead. If you stick with the 9.9996% you will probably have problems displaying this in the Live loan page. (Depending on paddings and margins).
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Post by supernumerary on Oct 27, 2016 18:22:40 GMT
It's a NO from me. I won't be funding anymore loans until another 12% comes along, or I get at least £100 of uninvested interest. I'd be gutted if I'd inverested in a 9% loan then a 10% loan came along and I couldn't sell my 9% loan for 7 days. This is the opportunity of diversifying onto other p2p platforms. Two 14% loans CURRENTLY available on ablrate, with one 12% and one 11% loan available on Money Thing. So, no need to feel 'gutted' at all... 
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star dust
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Post by star dust on Oct 27, 2016 18:39:58 GMT
Should this loan be a PBL or DFL? I understand that it is going to be developed. I'm not intending to invest in this as a PBL, but if it does turn into a DFL funded by SS at some point I might be interested in a small slice if the rate is the same (or higher  ).
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Post by brokenbiscuits on Oct 27, 2016 19:08:31 GMT
Be interesting to see if 12% comes back. If it doesn't, 10% for 50 ltv looks good enough to consider at that rate. Would only consider investing if I did my own research (too drunk now) and was certain the valuations were correct and there was nothing Else at 12% I needed to top up on.
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hazellend
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Post by hazellend on Oct 27, 2016 19:20:57 GMT
This is the opportunity of diversifying onto other p2p platforms. Two 14% loans CURRENTLY available on ablrate, with one 12% and one 11% loan available on Money Thing. So, no need to feel 'gutted' at all... Thanks for the tip....hadn't logged onto ABL for a while.....put 1K across those loans. Currently over 60% on SS as I like the platform and SM, but reduced rates mean I will spread more widely. Don't forget to check out the secondary market on ABL. They have some decent discounts on some of my favourite loans at the moment.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Oct 27, 2016 22:04:13 GMT
You can remove it yourself - click the 'clog' (top right) and select 'delete post' 
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Post by geraldine1210 on Oct 28, 2016 1:51:53 GMT
It's a NO from me. I won't be funding anymore loans until another 12% comes along, or I get at least £100 of uninvested interest. I'd be gutted if I'd inverested in a 9% loan then a 10% loan came along and I couldn't sell my 9% loan for 7 days. Nothing to stop you selling on day one, assuming there is a buyer and assuming you had not become negative.
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dan83
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Post by dan83 on Oct 28, 2016 9:27:37 GMT
I was in aware of that, I thought you had to keep a loan for seven days regardless, never mind learn something new everyday.
If you go into negative, then sell enough loans to break even, does it become eligible for sale or do you have to stay out off negativity full stop?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Oct 28, 2016 9:30:45 GMT
I was in aware of that, I thought you had to keep a loan for seven days regardless, never mind learn something new everyday. If you go into negative, then sell enough loans to break even, does it become eligible for sale or do you have to stay out off negativity full stop? You can sell any loan part as long as your balance is not in negative territory. So in your scernario, it will become eligible for sale.
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dan83
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Post by dan83 on Oct 28, 2016 10:13:48 GMT
👍🏼
That's good to know, I'm 1 of them people who sell loans to fund new longer loans.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Oct 28, 2016 11:04:39 GMT
Go Live e-mail has just hit the inbox
Loan going live tomorrow (29/10 - Saturday)
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