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Post by Deleted on Feb 14, 2017 11:39:58 GMT
I am new to LI. Having committed to invest in a loan, when does the investment start to earn interest? Hi bodroll. Thank you for choosing LandlordInvest. Interest starts to accumulate only when the loan is fully funded and all security documents have been signed. Please let me know if you have any other questions.
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Post by Deleted on Feb 14, 2017 11:42:17 GMT
Hi stevio. We do not provide a dedicated platform/marketplace with an automatic listing, pricing and re-pricing where sellers may sell their loan or loan parts to buyers. However, lenders may sell their loan or loan parts, provided that we are able to find a buyer for your loan or loan part. So if I buy a loan part, I want to sell, how does the process work? Do I need to inform you? Do I list them somewhere on your site? Hi stevio. You would need to inform us and we would contact lenders that have expressed an interest in buying loan parts. We would not list anything on the platform or site.
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andyb
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Post by andyb on Feb 14, 2017 11:55:49 GMT
I would be interested in testing your platform with a small investment but not until there is a fully functional SM as currently it sounds a bit of a pain. Will keep an eye on it though
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bruce75
New Member
Searching high and low for the best risk-adjusted yields...
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Post by bruce75 on Feb 22, 2017 9:37:07 GMT
So if I buy a loan part, I want to sell, how does the process work? Do I need to inform you? Do I list them somewhere on your site? Hi stevio. You would need to inform us and we would contact lenders that have expressed an interest in buying loan parts. We would not list anything on the platform or site. Filip - can you tell me a bit more about your risk band ratings please? Do you offer any historical performance data filtered by risk band? Do you typically only offer second charge loans or first charge as well? Cheers.
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Post by Deleted on Feb 22, 2017 12:36:08 GMT
Hi stevio. You would need to inform us and we would contact lenders that have expressed an interest in buying loan parts. We would not list anything on the platform or site. Filip - can you tell me a bit more about your risk band ratings please? Do you offer any historical performance data filtered by risk band? Do you typically only offer second charge loans or first charge as well? Cheers. Hi bruce75. Please see the following page for how our risk bands are set: landlordinvest.com/how-it-works#heading-5. In addition, you may also find this FAQ helpful: landlordinvest.com/help#investor-9We do not have any historic performance data as we are yet to complete the first loan funded through our lending platform. Once the first loan is fully funded, we'll display a statistics page. All three loans that we made available for investment have been second charge loans. However, we expect to see an equal mix between first and second charge loans going forward, depending on our loan pipeline and other factors.
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fp
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Post by fp on Feb 23, 2017 20:14:26 GMT
@filipkaradaghi, would you consider adding a secondary market to the platform?
I am invested with you at present, but in the absence of a secondary market my investments will be limited in comparison to what I would usually look to invest in an individual loan. For instance, the current loan which is on the platform for underwriting, if I had access to a secondary market I would have invested 3 to 4 times what I have done currently with a view to selling down part of my holding at a later date to invest in something else. While a platform is growing there will always be demand for access to a number of loans to allow new investors to diversify as they begin to invest with you later down the line, and having discussed this with several other investors, I feel a secondary market would see a lot more inflow of cash to the platform.
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stevio
Member of DD Central
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Post by stevio on Feb 23, 2017 22:03:16 GMT
Thank you for making flexible, but without being able to sell, this function is redundant
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fp
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Post by fp on Feb 24, 2017 3:36:07 GMT
Thank you for making flexible, but without being able to sell, this function is redundant Why is it?
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stevio
Member of DD Central
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Post by stevio on Feb 24, 2017 7:31:02 GMT
Thank you for making flexible, but without being able to sell, this function is redundant Why is it? The flexible part allows you to withdraw and replace within a tax year and retain the allowance - if you can't sell you can't withdraw (unless you keep as cash on the platform, but then you'd may as well have a cash ISA that pays some interest)
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Post by Deleted on Feb 24, 2017 7:45:09 GMT
@filipkaradaghi , would you consider adding a secondary market to the platform? I am invested with you at present, but in the absence of a secondary market my investments will be limited in comparison to what I would usually look to invest in an individual loan. For instance, the current loan which is on the platform for underwriting, if I had access to a secondary market I would have invested 3 to 4 times what I have done currently with a view to selling down part of my holding at a later date to invest in something else. While a platform is growing there will always be demand for access to a number of loans to allow new investors to diversify as they begin to invest with you later down the line, and having discussed this with several other investors, I feel a secondary market would see a lot more inflow of cash to the platform. Good morning, fp. We fully understand the issue and have made it our top development priority now that the flexible IFISA is in place. We estimate that the online secondary market will be in place April this year. In the meantime, we’d appreciate if you have any specific features and functions that you would like to see and we will consider including them as well.
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ilmoro
Member of DD Central
'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 Feb 24, 2017 14:43:09 GMT
I would also suggest an SM which works on the basis that the selling loan part is repaid and the purchased loan part is a new mini loan as I believe this also avoids taxation complications.
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Post by mrclondon on Feb 25, 2017 19:35:41 GMT
@filipkaradaghi can you share a high level overview of your pipeline for the next quarter please. Perhaps for loans due to be listed in March a few words as to what the security is and what the rate is likely to be, and for loans that may be listed in April and May just a count and total ££££££ per month. It would also be interesting to know what value of loans you expect to write during 2017.
My concern is you launched in December, but over 2 months later you appear to have listed just 2 loans (neither of which are as yet earning interest for lenders). The consensus amongst industry observers is that a p2p platform needs to be writing £30m-£50m of loans a year to be of a scale that quarantees a sensible return on capital. Clearly there are many platforms writing pitiful loan volumes yet managing to survive (for now), but for me to consider placing an IFISA with a platform, I would want to be confinced they have the capability to deliver a sizable loan pipeline lover the long term (given the inability to swap any surplus cash to another platform).
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Post by Deleted on Feb 27, 2017 13:24:26 GMT
Just to throw in my tuppence worth, Moneything's SM is very popular and would be a well received set up. However, watch out for automated buying bots vs FFF (fastest fingers first) it can turn into a blood war. A nice problem to have from the platforms perspective, shows you are doing something right, but gets increasingly annoying for investors. Keep an eye out for features that counteract it, and crucially, are well received. Fortunately you have the benefit of various SM's to pick features from to suit your own offering, but the most popular feature seems to be that interest accrues to the holder of the loan part for the number of days they hold it and is paid at the appropriate payment date, be that at the end of the month or end of term. It's much easier to understand when tax reporting as opposed to the buyer paying for the accrued interest at the point of the transaction. Hi pepperpot. Thank you very much for your suggestions. We will keep them in mind during implementation.
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Post by Deleted on Feb 27, 2017 13:25:49 GMT
I would also suggest an SM which works on the basis that the selling loan part is repaid and the purchased loan part is a new mini loan as I believe this also avoids taxation complications. Hi ilmoro. Thank you. Given your expertise, would you mind testing the beta version of the secondary market once it becomes available?
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Post by Deleted on Feb 27, 2017 13:41:36 GMT
@filipkaradaghi can you share a high level overview of your pipeline for the next quarter please. Perhaps for loans due to be listed in March a few words as to what the security is and what the rate is likely to be, and for loans that may be listed in April and May just a count and total ££££££ per month. It would also be interesting to know what value of loans you expect to write during 2017. My concern is you launched in December, but over 2 months later you appear to have listed just 2 loans (neither of which are as yet earning interest for lenders). The consensus amongst industry observers is that a p2p platform needs to be writing £30m-£50m of loans a year to be of a scale that quarantees a sensible return on capital. Clearly there are many platforms writing pitiful loan volumes yet managing to survive (for now), but for me to consider placing an IFISA with a platform, I would want to be confinced they have the capability to deliver a sizable loan pipeline lover the long term (given the inability to swap any surplus cash to another platform). Hi mrclondon. We’re expecting to add around 3-4 new loans per month going forward, depending on the availability of loans meeting our criteria and other factors. It is difficult to predict the security and rates for future loans as it depends on our assessment of their risk. I wish that we could write £30-£50 million of loans first year, but do not think that any P2P platform in the UK has managed to do so in their first year of operations. One of the largest property P2P platforms (Lend******), had a turnover of £40k in their first year of operations (implying a quite conservative loan book). Another well known platform for BTL mortgages, had a loan book of £1.8 million in their first year of operations. Growing the loan book is not our main concern, but to ensure that we progress in a sustainable manner, given our responsibilities and obligations to platform lenders and borrowers.
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