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Post by p2plender on Feb 14, 2018 14:15:40 GMT
Heading down towards £1m, under 1% of loan book, lots of 5 figure investments in last day or two. Seems Lendy is still able to attract new money, maybe it's the £50 new investor bonus? Or maybe it's the lack of good loans anywhere at above 10%. I'm probably wrong, but I don't recall Lendy's SM total availability being lower than MT's? But don't forget Lendy have purchased a huge new brush... Walking on that carpet must be like floating through air given what's been swept under it. The Lendy loan book of today looks nowt like the book of 12 months back.. Fair play though, they appear to have attracted some more punters so the plates can carry on spinnin4now.
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Post by simert on Feb 16, 2018 15:06:37 GMT
£160k of DFL006 just appeared. Don't think it was there earlier..
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Post by simert on Feb 16, 2018 15:15:07 GMT
Yes. Looks like the 48hr deadline has passed and the balance put on the secondary market.
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rocky1
Member of DD Central
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Post by rocky1 on Feb 20, 2018 19:09:02 GMT
just been looking at the available loans and thinking not long ago most of the positive day loans would be vanishing by the minute. i suppose though now a lot of us early day investors with many £000s now tied up till the 12th of never are just sitting back and watching new investors trying to fill loans that at least they will get some interest on for a while.mean while i am just waiting for my little bit of interest of about 20% of what it was before all this IA/SUS/DEF mess. to withdraw.i will not put more funds into LENDY whilst they already have a high 5figure amount of my money under their control and not a thing i can do about it. very dissapointed
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rocky1
Member of DD Central
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Post by rocky1 on Feb 21, 2018 12:20:24 GMT
only me again. new loans not filling considering 19000+ people registered {i wont say investors } when i registered there were just under 2000. where have all the big hitters gone.where have all the mid range lenders gone where has everybody gone.what have you done LENDY
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mikeymike
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Post by mikeymike on Feb 21, 2018 12:27:28 GMT
only me again. new loans not filling considering 19000+ people registered {i wont say investors } when i registered there were just under 2000. where have all the big hitters gone.where have all the mid range lenders gone where has everybody gone.what have you done LENDY A very good question. It is just possible that potential investors either: a) Read through some of the threads on this forum. b) Took one look at LaLa Land and doubted the sanity of the platform.
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rrrupert
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Post by rrrupert on Feb 21, 2018 12:52:50 GMT
I notice on the latest tranche of DFL018 launched a few days ago. Only 332 investors and 50k out of a 150k tranche not taken up. And this is on a loan increased from 10% to 12%. It does appear that the number of active investors has dropped massively on this platform.
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Post by mrclondon on Feb 21, 2018 13:13:49 GMT
only me again. new loans not filling considering 19000+ people registered {i wont say investors } when i registered there were just under 2000. where have all the big hitters gone.where have all the mid range lenders gone where has everybody gone.what have you done LENDY Indeed, a very good question. I think a significant proportion of people registering on p2p platforms have failed to understand what a p2p platform is, put money in, and now viewing the 10%+ platforms as a whole have either got singed fingers already or have cold feet. But that lack of understanding appears to me (based on a few PM conversations over recent months) to differ between two extremes - the "savers" who expected ongoing SM instant access and loans to be redeemed on or very shortly after the stated end date, and the "passive investors" who expected p2p platforms to be professional investment managers offering only the creme de la creme of potential loans. Arguably it is the mid range lenders who are still active, but there aren't enough of them (or perhaps not enough of them with the time and inclination to do detailed due dilligence). The slow filling of DFL018 tranche 7 given its the first since the rate increase to 12% is particularly indicative of where we are. Similiarly it took COL a week to fill the 1st £60k development tranche of the Scottish loan recently, and every new loan on MT has struggled to fill recently. I personally have experienced a very low number of defaulted loans across all p2p platforms, and continue to be fully invested. That low default rate is partly through not touching around half of all loans offered by the platforms (where I believe a loss on default is inevitable) and partly through the platforms not suspending loans as soon as potentially bad news is known (allowing me to sell out to those less aware of the risks). It is beyond my comprehension as to why MT allow trade in a number of their loans to continue as long as they do. Its been clear to me for some time by the responses made to many of my posts on here that factors that I consider to be important risk pointers are discounted by a majority of the more active forum members as being irrelevant and I have been accused on many occaisons of causing a "panic of the day" or of being "Mr Negativity". I can live with that, but I think the greater concern is there has on occasisons been a lack of critical thought before leaping in to support an opposing view. I'm never one to follow the herd. My Lendy balance is up 17% since the start of the year, and I have started lending again on Funding Circle after a gap of 4 years. Both platforms have made changes in how they operate over the last twelve months that I feel demonstrates an awareness of the issues they face and a willingness to tackle them. This is not a recommendation to invest on those platforms, merely an observation.
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bugs4me
Member of DD Central
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Post by bugs4me on Feb 21, 2018 14:21:56 GMT
mrclondon - many good points made but to be fair to the ‘savers’ or those that felt P2P was easy money, many of the platforms did promote themselves as experts, with full borrower background DD, creditworthy borrowers, professional LTV’s, etc so I do have sympathy with those that have lost money or feel they have possibly been mislead. Fully aware of the legal requirement for platforms to (usually as a by-line) enter your capital may be at risk but in the same paragraph they proudly proclaim they are authorised by the FCA. My personal DD with more than a couple of platforms has revealed, IMO, just how did these P2P operators manage to pass the ‘fit and proper person’ test before being accepted by the FCA. Clearly something is going wrong here. Platforms are very keen to engage with the lending community when they start. Fair enough they have a business to promote. But once they cease honouring their commitments they go quiet. That commitment could be something as simple as a promised update by ??. Nothing heard and that date comes and goes and they are rightly challenged. After all, they made the statement in the first place. But no, they prefer to go invisible and that simply knocks (slightly) lender confidence. I’ve always expected P2P defaults, hopefully minimal, as that is the nature of the animal. Unfortunately many platforms have been shown as totally inept in dealing with recoveries. They appear more interested in keeping those default statistics favourable even though to the casual observer it is fantasy island land. Lending opportunities are often misleading with material facts usually omitted. Carrying out DD is time consuming leading to the conclusion of ‘why did I even bother’. DD Central has proven to be an excellent idea but in fairness - and you tend to be the main contributor - just look at the horrors that are being exposed. I’m convinced that if it was the platform’s own funds that were being lent then they wouldn’t touch many of the loans. But it’s not and until those lender funds start slowing up then platform transparency will continue to decline as there is no incentive for change. I find myself at variance with your thoughts on LY. Cannot comment on FC as it's been many years since I last visited them.
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elliotn
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Post by elliotn on Mar 1, 2018 1:39:34 GMT
Plenty of high class loans, must be an interim thing, waiting for the new pipeline behemoth.
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lobster
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Post by lobster on Mar 1, 2018 8:10:34 GMT
Plenty of high class loans, must be an interim thing, waiting for the new pipeline behemoth. I would imagine that these loans will disappear quite rapidly once the monthly interest run completes this morning. At least that is the usual order of events.
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gustapher
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Post by gustapher on Mar 1, 2018 8:24:27 GMT
Plenty of high class loans, must be an interim thing, waiting for the new pipeline behemoth. I would imagine that these loans will disappear quite rapidly once the monthly interest run completes this morning. At least that is the usual order of events. A large proportion of the long dated 12%ers are mine and I'm not liquidating my entire position. I'm not in Collateral at all so its got nothing to do with that and I'm still happy to continue investing in Lendy. Also nothing to do with pipeline. I need the money for other non-P2P investments.
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lobster
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Post by lobster on Mar 1, 2018 9:07:51 GMT
I would imagine that these loans will disappear quite rapidly once the monthly interest run completes this morning. At least that is the usual order of events. A large proportion of the long dated 12%ers are mine and I'm not liquidating my entire position. I'm not in Collateral at all so its got nothing to do with that and I'm still happy to continue investing in Lendy. Also nothing to do with pipeline. I need the money for other non-P2P investments. Thanks for the info. TBH , I'm surprised that these 12% long dated loans aren't being snapped up fatser. In fact if anything the queue is building at the moment for DFL006 and DFL033. However I'm sure your sales will go thru once the monthly interest is paid.
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gustapher
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Post by gustapher on Mar 1, 2018 9:42:40 GMT
Yes I'm sure they will. The collateral stuff coupled with the MT disaster area in such quick succession is always going to cause a few wobbles. That's why Ly is underrated in my opinion. Very fashionable to slag them off but there's still plenty of money to be made on the platform. Plus to me it looks like they are steadily improving despite all the cynicism around here.
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webwizard
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Post by webwizard on Mar 1, 2018 12:27:08 GMT
Yesterday there were 7 loans on the SM with >£100k available. Now there are 13 loans over this amount, some of which were released as tranches today. Lets see if they fill with the monthly interest payments.
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