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Post by snowgoose on Sept 1, 2014 19:11:39 GMT
I'm still new on this platform. I'm often interested in buying loan parts that someone wants to sell but never seem to see any. I have assumed that they appear under the 'live loans tab. If i'm correct, how can you tell them from loans yet to be drawn down?
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Post by Deleted on Sept 1, 2014 19:22:47 GMT
I'm still new on this platform. I'm often interested in buying loan parts that someone wants to sell but never seem to see any. I have assumed that they appear under the 'live loans tab. If i'm correct, how can you tell them from loans yet to be drawn down? Apart from PBL05, and recently PBL08 at the top, any parts of other loans available will be loan parts that somebody wants to sell.
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star dust
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Post by star dust on Sept 1, 2014 19:25:38 GMT
I'm still new on this platform. I'm often interested in buying loan parts that someone wants to sell but never seem to see any. I have assumed that they appear under the 'live loans tab. If i'm correct, how can you tell them from loans yet to be drawn down? The loans with parts to sell appear in shaded rows on the Live Loans Tab as you deduced. At the moment the only one that has yet to draw down is PBL 08. PBL 05 has drawn down and it is primarily underwritten funds that are up for sale. Any other shaded loans are other people selling bits. The Boat ones tend to disappear in a flash, but so do small bits of the property ones sometimes. As I post there are some bits of PBL 03 and 04 up for sale. If a loan has drawn down it usually says so in the description (although sometimes this does get omitted). In general no loan is fo rmore than 7 months so anything with less than 6 months left to run has drawn down. In Edit: - there's a bit of the Sunseeker up now, last boat in the list - be quick!
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star dust
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Post by star dust on Sept 1, 2014 19:26:16 GMT
Beaten to it by a fast fox!
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mikes1531
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Post by mikes1531 on Sept 1, 2014 20:39:11 GMT
Beaten to it by a fast fox! You have another chance! PS. How do you know who you were beaten by? The 'Investor' IDs shown on a loan's 'Recent Activity' tab are more than just obscured with a lot of ****s -- when I've purchased loan parts and then looked at that tab, the 'Investor' shown for my purchase does not match my ID either in length or in first and last characters. PPS. It has just dawned on me that the comment by star dust refers to being beaten to the posting rather than being beaten to the purchasing. Doh!
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Post by mrclondon on Sept 1, 2014 20:54:41 GMT
The 'Investor' IDs shown on a loan's 'Recent Activity' tab are more than just obscured with a lot of ****s -- when I've purchased loan parts and then looked at that tab, the 'Investor' shown for my purchase does not match my ID either in length or in first and last characters. But does it bear any relation to your email address (before the @ ) ?
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mikes1531
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Post by mikes1531 on Sept 1, 2014 21:11:01 GMT
The 'Investor' IDs shown on a loan's 'Recent Activity' tab are more than just obscured with a lot of ****s -- when I've purchased loan parts and then looked at that tab, the 'Investor' shown for my purchase does not match my ID either in length or in first and last characters. But does it bear any relation to your email address (before the @ ) ? I think it might. But I've never paid enough attention to it to remember the letters with confidence or count the ****s. I'll try to remember to do that the next time I purchase a loan part. PS. OK. I've just bought a loan part, and it does. Thanks for spotting that -- another mystery probably solved. PPS. Is it also the case that if the letters are upper case they are you, and if they are lower case they are someone else?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 15, 2014 19:19:22 GMT
Bits of everything popping up as funds get freed up for PBL10. Losing track of which boats Im in, especially all the canal boats  |
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mikes1531
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Post by mikes1531 on Sept 17, 2014 15:25:56 GMT
A good selection of PBL parts for sale at the moment.
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Post by jackpease on Sept 17, 2014 15:54:51 GMT
>>>>A good selection of PBL parts for sale at the moment.
That's me - not abandoning Saving Stream - having a bit of a garage sale to fund my bungs into 6.2% Ratesetter 5yr rate which has been swallowing up as much as i can throw at it.
Jack Pease
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mikes1531
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Post by mikes1531 on Sept 17, 2014 21:03:48 GMT
>>>>A good selection of PBL parts for sale at the moment. That's me - not abandoning Saving Stream - having a bit of a garage sale to fund my bungs into 6.2% Ratesetter 5yr rate which has been swallowing up as much as i can throw at it. It's good to know jackpease is not abandoning SS, but a willingness to commit to a 5-year fix at 6.2% and somewhat expensive access compared to 12% and seemingly relatively easy access at SS, especially in an environment where interest rates in general seem more likely to rise than fall in the coming years, suggests a feeling that there's a significantly higher risk at SS. Is that a fair interpretation?
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Post by jackpease on Sept 18, 2014 6:50:02 GMT
>>>It's good to know jackpease is not abandoning SS, but a willingness to commit to a 5-year fix at 6.2% and somewhat expensive access compared to 12% and seemingly relatively easy access at SS, especially in an environment where interest rates in general seem more likely to rise than fall in the coming years, suggests a feeling that there's a significantly higher risk at SS.
>>>>Is that a fair interpretation?
Well i guess I'm nervous about being too dependent on bridging loans - there's very little track record on p2p bridges apart from Assetz where completions are not going especially smoothly.
So deduct from the Savingstream 12% both loan risk and platform risk (its a newish platform) against Ratesetter which has internalised loan risk and lower platform risk , being more established.
That's my thinking anyway!
Jack Pease
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Post by Deleted on Sept 18, 2014 9:51:59 GMT
Wellesley are offering a fixed 7% on a 5 year term. Not sure how that compares with the RateSetter deal in terms of risk etc.
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hendragon
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Post by hendragon on Sept 18, 2014 10:19:11 GMT
ratesetter is fully amortising whereas Wellesley returns capital on maturity
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 18, 2014 10:44:20 GMT
Wellesley are offering a fixed 7% on a 5 year term. Not sure how that compares with the RateSetter deal in terms of risk etc. Those are corporate mini bonds, not really P2P and not comparable to RS. Totally unsecure & untradeable. Wellesley rates from P2P 5 year are 5.83 monthly interest or 6.76 for payment at term. Security is technically better as its asset secured through an established finance company plus provision fund.
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