awk
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Post by awk on Nov 30, 2016 9:09:23 GMT
It's gone live
did anyone go for it?
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Liz
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Post by Liz on Nov 30, 2016 9:16:07 GMT
It's gone live did anyone go for it? At 15% LTV(LTGDV) it was a no brainer 
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lobster
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Post by lobster on Nov 30, 2016 9:22:26 GMT
It's gone live did anyone go for it? At 15% LTV(LTGDV) it was a no brainer I steered clear - was in to start with but changed my mind at the last second. Anyone know what the max allocation was ? 1,376 investors . Not great but maybe to be expected for a 10% loan.
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adrianc
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Post by adrianc on Nov 30, 2016 9:55:27 GMT
Anyone know what the max allocation was ? North of a grand.
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SteveT
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Post by SteveT on Nov 30, 2016 9:57:33 GMT
It's gone live did anyone go for it? Only as a handy place to park November's interest briefly until something better launches 
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seeingred
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Post by seeingred on Nov 30, 2016 10:16:33 GMT
I got 4000, on the basis of a long term loan at low LTV (but I accept it's not worth much in its present state on a 90 day sale). I can't remember what I put as the prefund - maybe 4000, so I could have been allocated more??
I considered it will resell on the SM (I've come to the conclusion that anything not actually defaulted will sell if you wait for a period of famine). Just this morning there were only two loans left on the SM.
I am expecting the Beds farmland to be repaid any day now (if you believe the updates of course) and other loans too, so that will leave a surplus, some of which may be exiting SS, for pastures new.......
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am
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Post by am on Nov 30, 2016 10:18:10 GMT
It's gone live did anyone go for it? At 15% LTV(LTGDV) it was a no brainer That's not the final LT(GD)V. If I recall correctly SS's loan details said that the loan will be kept under 60% of the LT(GD)V, which isn't too bad, but it's not 15%. (What you need to worry about is not what the LT(GD)V is now, but what the LT(GD)V would be if the project failed.) My problem is that I don't know how to value this development.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Nov 30, 2016 10:30:27 GMT
At 15% LTV(LTGDV) it was a no brainer That's not the final LT(GD)V. If I recall correctly SS's loan details said that the loan will be kept under 60% of the LT(GD)V, which isn't too bad, but it's not 15%. (What you need to worry about is not what the LT(GD)V is now, but what the LT(GD)V would be if the project failed.) My problem is that I don't know how to value this development. and others are just having a bit of a dig at SS for using that %. The LTGV that SS use ('current loan' / 'GDV') is a pointless, untruthful and misleading figure. As soon as a new tranche is released, the % increases, and it will be less ( much less in the early stages of dev) than the final LTV unless it is the last tranche and the build is very close to completing. IMHO (and JMHO) LTGV should be ignored on the DFLs. Where possible a current LTV should be used, or alternatively, and if available, a final LTGV (so in this case 60%). When DFL001 & 002 was released, SS used the 'anticipated full loan' / 'GDV' as the headline LTGV figure, but then changed it; this is what I would prefer to see savingstream .
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Liz
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Post by Liz on Nov 30, 2016 11:02:39 GMT
That's not the final LT(GD)V. If I recall correctly SS's loan details said that the loan will be kept under 60% of the LT(GD)V, which isn't too bad, but it's not 15%. (What you need to worry about is not what the LT(GD)V is now, but what the LT(GD)V would be if the project failed.) My problem is that I don't know how to value this development. and others are just having a bit of a dig at SS for using that %. LTGV is a pointless, untruthful and misleading figure. As soon as a new tranche is released, the % increases, and it will be less ( much less in the early stages of dev) than the final LTV unless it is the last tranche and the build is very close to completing. IMHO (and JMHO) LTGV should be ignored on the DFLs. Where possible a current LTV should be used, or alternatively, and if available, a final LTGV (so in this case 60%). When DFL001 & 002 was released, SS used the 'anticipated full loan' / 'GDV' as the headline LTGV figure, but then changed it; this is what I would prefer to see savingstream . I don't mind them using a LTGV, but the 15% figure is just a pointless, meaningless and misleading figure. Why don't savingstream just quote the 60% LTGV figure? At least that means something.
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Post by Harland Kearney on Nov 30, 2016 11:15:38 GMT
I invested only 100, for diversification purposes and to use up a chunk of Novembers interest.
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n
Member of DD Central
Yet another Nick
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Post by n on Nov 30, 2016 11:38:56 GMT
I wanted £0.01 so prefunded £100 then sold £99.99 which went in about 5 seconds. I didn't prefund the last low interest loan and it took me days to buy my £0.01.
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Post by Deleted on Nov 30, 2016 11:44:26 GMT
I wanted £0.01 so prefunded £100 then sold £99.99 which went in about 5 seconds. I didn't prefund the last low interest loan and it took me days to buy my £0.01. Ummmm really  Why ...... coppers burning a hole in your pocket
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SteveT
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Post by SteveT on Nov 30, 2016 11:59:27 GMT
Presumably to use as a "Don't buy more" flag when quickly scanning for Available loans.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Nov 30, 2016 12:13:30 GMT
I don't mind them using a LTGV, but the 15% figure is just a pointless, meaningless and misleading figure. Why don't savingstream just quote the 60% LTGV figure? At least that means something. True - I did indeed mean the LTGV that SS currently use (my OP amended). LTGV via 'anticipated full loan' / 'GDV' would be far better IMHO...
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fp
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Post by fp on Nov 30, 2016 12:33:23 GMT
I got a lot more than I expected  |
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Why ...... coppers burning a hole in your pocket 
