twoheads
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Programming
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Post by twoheads on Mar 1, 2017 12:05:03 GMT
Is the SM filling with IA loans ? No - the reverse.
There are were £8k of Glos IAs (now £2k as I type) but they're being bought and sold as if nothing has changed.
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treeman
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Post by treeman on Mar 1, 2017 15:00:20 GMT
DFL003 now has a hidden queue too - £24.69 - small amount of mine to pay for DFL008 new bit stuck ....... FYI Paul64 savingstream
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r1200gs
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Post by r1200gs on Mar 1, 2017 15:22:42 GMT
Is the SM filling with IA loans ? No - the reverse.
There are were £8k of Glos IAs (now £2k as I type) but they're being bought and sold as if nothing has changed.
People are still buying the defaulted loans as well, although not like they were.
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treeman
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Post by treeman on Mar 1, 2017 21:03:07 GMT
DFL003 now has a hidden queue too - £24.69 - small amount of mine to pay for DFL008 new bit stuck ....... FYI Paul64 savingstream Mine's sold - someone else in the netherworld for now............
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elliotn
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Post by elliotn on Mar 2, 2017 0:42:47 GMT
No - the reverse.
There are were £8k of Glos IAs (now £2k as I type) but they're being bought and sold as if nothing has changed.
People are still buying the defaulted loans as well, although not like they were. We're told the 2 houses have sufficient equity and SS look pretty darn determined to complete the detached house so some may consider them a reasonable 12% bet. The farm may have to go to auction so that could be more of a gamble, if not an on the day lottery.
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r1200gs
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Post by r1200gs on Mar 2, 2017 11:16:53 GMT
People are still buying the defaulted loans as well, although not like they were. We're told the 2 houses have sufficient equity and SS look pretty darn determined to complete the detached house so some may consider them a reasonable 12% bet. The farm may have to go to auction so that could be more of a gamble, if not an on the day lottery. It's going to be interesting to see what happens. I'm just happy to be watching from the side lines. Actually, must go get a pennies worth.....
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Post by Deleted on Mar 2, 2017 11:24:08 GMT
PBL081 seems to be a 'special situation' rather than a straightforward default, and Lendy seem to be committing their own money to fixing it.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Mar 2, 2017 13:13:58 GMT
We're told the 2 houses have sufficient equity and SS look pretty darn determined to complete the detached house so some may consider them a reasonable 12% bet. The farm may have to go to auction so that could be more of a gamble, if not an on the day lottery. It's going to be interesting to see what happens. I'm just happy to be watching from the side lines. Actually, must go get a pennies worth..... Go on, splash out and buy a pounds's worth. Then you can tell if interest is paid.
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Mar 2, 2017 13:32:35 GMT
PBL081 seems to be a 'special situation' rather than a straightforward default, and Lendy seem to be committing their own money to fixing it. A "special situation" probably means "special terms". I wonder what rate the borrower is paying for their PP blunder? 2%,3%, or 4% per month. It's a stunning property, easy to find on Rightmove. The offered price seems to cover the cost of the additional work, so this should be a nice little earner for SS.
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twoheads
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Programming
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Post by twoheads on Mar 2, 2017 23:18:29 GMT
PBL081 seems to be a 'special situation' rather than a straightforward default, and Lendy seem to be committing their own money to fixing it. A "special situation" probably means "special terms". I wonder what rate the borrower is paying for their PP blunder? 2%,3%, or 4% per month. It's a stunning property, easy to find on Rightmove. The offered price seems to cover the cost of the additional work, so this should be a nice little earner for SS. That's the benefit of SS having all the information to hand whereas we have to do a lot of our own DD with only partial information.
SS can make a profit on stuff they know is good while we have to work in the semi-darkness and may risk a punt now and then.
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grahamg
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Post by grahamg on Mar 9, 2017 13:37:42 GMT
A lot of long dates loans on the SM..Are some of the lemmings leaving?
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Post by d_saver on Mar 9, 2017 13:46:48 GMT
Was just wondering what's up with that myself. Masses of 2 loans I want. Now I'm wondering if somethings up, or it's just the SM effect on SS since the changes!
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Post by portlandbill on Mar 9, 2017 14:12:12 GMT
i wonder how many irregular visitors to the SS site, mooching around looking to see if there might be anything worth picking up on the SM, will see the £2m+ available of DFL012 at 11% and 37%LTV for 365 days and think it's their lucky day!
(Quite a few I hope, then they might eventually get to noticing the little gems I'm selling)
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capucino
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Post by capucino on Mar 9, 2017 14:13:03 GMT
SS have just processed a deposit. That was nice.
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SteveT
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Post by SteveT on Mar 9, 2017 14:17:37 GMT
SS have just processed a deposit. That was nice. Hallelujah. Perhaps the penny dropped that they'd well and truly bunged up their own system.
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