archie
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BPF600
Dec 14, 2016 13:31:18 GMT
Post by archie on Dec 14, 2016 13:31:18 GMT
It's more a case of most people already holding as much as they want. I really like this loan actually. If the MTAI loans repay in a couple of days time I'll move the money into tranche 6. If not I may try and release funds from elsewhere before it disappears.  |
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ali
Member of DD Central
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BPF600
Dec 14, 2016 13:41:37 GMT
Post by ali on Dec 14, 2016 13:41:37 GMT
Good afternoon oh wise and learned ones! I'm probably being overly cautious here, so please forgive a foolish man asking a potentially foolish question..... Is there anything wrong with this, the 6th drawdown, on the MHD loan? I'm prompted to ask as it is practically the only available opportunity on the MT platform and yet there has been no mention of it here (that I can find), which I find... erm... slightly strange. On one hand I'm reassured by: - The lack of negative coverage on any of the other drawdowns
- The positive updates from - and engagement of - the BPF rep
- The complete absence of anything on the SM for any existing MHD drawdowns or BPF's other loans
- A general air of content with MT on this forum
- The willingness to engage and liaise with this forum by the MT rep(s)
(Incidentally, as a p2p novice, these last two criteria have been fundamental when choosing which platform I have invested through.)
On the other hand, I find it slightly strange that there's still availability after 5/6 days given the paucity of quality loans here and elsewhere.
So anything to be concerned about? Or is it a case of: "This is business as usual for an MHD drawdown / BPF loan, nothing to get excited about, just click the 'Invest now' button and relax. (And be quick about it, 'cos that availability won't last for long!)"
Many thanks,
Ian..
I make the total available to lend on this to be: Drawdown
| Amount | 1st
| 1,300,000
| 2nd
| 297,700 | | 3rd | 279,000 | | 4th | 342,000 | | 5th | 932,000 | | 6th | 658,600
| Lent
| 3,809,300
| BroakOak
| 190,465
| Available
| 3,618,835
|
There are currently 2469 members of MT so that means the average take up would need to be £1,466 per person before it all goes. Frankly I'm surprised it's going as quick as it is. Shows that lenders have considerable confidence in MT and Broadoak.
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rogerbu
Member of DD Central
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Post by rogerbu on Dec 14, 2016 14:20:19 GMT
Good afternoon oh wise and learned ones! ... edited... to - A general air of content with MT on this forum
- The willingness to engage and liaise with this forum by the MT rep(s)
(Incidentally, as a p2p novice, these last two criteria have been fundamental when choosing which platform I have invested through.)
Welcome Ian. You are right, there is a high 'air of content' on the forum with MT. I have been with them for 2 years and am still more confident with MT than any other platform. Firstly - Slow take up. Diversification is key - Most of us have a % limit for any one loan across their portfolio. ie. No single loan in my P2P portfolio should be more than xx% of total planned P2P portfolio. All these tranches are in reality the same loan. I am to my limit - well actually over my limit - whoops. Secondly - Platforms. Although I like MT a lot, I still diversify across a number of other platforms, ie Ablerate, SavingStream and Collateral, with reducing exposure to Funding Secure (loans seem to have become more risky in recent past - desperate?) and Assetzcapital (Loan return rates have reduced recently with no visible reduction in risk - profit taking?)
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am
Posts: 1,495
Likes: 601
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BPF600
Dec 14, 2016 14:20:21 GMT
Post by am on Dec 14, 2016 14:20:21 GMT
My working hypothesis is that we're seeing the maximum size of demand for an individual loan at MT. If so, new lenders, and big hitters with funds released from the Pressbury and Bradford loans, would eventually soak up any outstanding amounts (I expect BPF to buy the surplus back shortly, but perhaps release bits onto the secondary market subsequently.)
If there was a known (to some people) problem with the project, I would expect to be seeing bits of the other tranches on the SM.
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jonah
Member of DD Central
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BPF600
Dec 14, 2016 15:32:47 GMT
Post by jonah on Dec 14, 2016 15:32:47 GMT
It's more a case of most people already holding as much as they want. I really like this loan actually. Exactly this for me.
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ben
Posts: 2,020
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BPF600
Dec 14, 2016 15:42:00 GMT
Post by ben on Dec 14, 2016 15:42:00 GMT
Another loan I quite like to but as others have plenty in the other tranches. Although as an unexpected one repayed over on LI yesterday I might move some of the funds into this one and get another little bite of the cherry.
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BPF600
Dec 14, 2016 16:00:17 GMT
Post by GSV3MIaC on Dec 14, 2016 16:00:17 GMT
(I expect BPF to buy the surplus back shortly, but perhaps release bits onto the secondary market subsequently.) They have, iirc, committed to buy back anything unsold on 23/Dec (and yes, maybe trickle it back later) .. at the current soak-up rate that might not turn out to be very much, if any..
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hazellend
Member of DD Central
Posts: 2,361
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BPF600
Dec 14, 2016 17:20:46 GMT
via mobile
Post by hazellend on Dec 14, 2016 17:20:46 GMT
I try to keep 2-3% per loan to diversify but 15% of my portfolio is in this one loan.
I'm thinking about another 3% is this crazy? This loan seems great.
I'm surprised more saving streamers aren't signing up for a large chunk. After all this loan would all go to prefunding over there, probably with significant scale back
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duck
Member of DD Central
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BPF600
Dec 14, 2016 17:38:41 GMT
Post by duck on Dec 14, 2016 17:38:41 GMT
Good afternoon oh wise and learned ones! ..... Perhaps I shouldn't reply then ........ but here goes. 1. I like the loan. 2. My accounts have invested in all 6 tranches. 3. I've invested just a tad too much in % terms but I'm content with that. 4. I'm still 'topping up' with interest payments received. The only thing I would say is that because a lot of investors will have had their fill of the loan I suspect that if/when placed on the secondary market the loan parts might not sell in the usual double quick time.
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jamesc
Member of DD Central
Posts: 447
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Post by jamesc on Dec 14, 2016 18:33:30 GMT
A request for MT can you ask BPF not to repurchase any remaining from the SM until after the Bradford loans are repaid so at least we have somewhere to put our money plus might be a good time for them to sell off any of the 5th Tranche they still hold ? Thanks
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elliotn
Member of DD Central
Posts: 3,063
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Post by elliotn on Dec 15, 2016 3:01:45 GMT
Another loan I quite like to but as others have plenty in the other tranches. Although as an unexpected one repayed over on LI yesterday I might move some of the funds into this one and get another little bite of the cherry. Could be for the best, latest 2 emails for 4 & 4.5%! 
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elliotn
Member of DD Central
Posts: 3,063
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Post by elliotn on Dec 15, 2016 3:09:39 GMT
Good afternoon oh wise and learned ones! ..... The only thing I would say is that because a lot of investors will have had their fill of the loan I suspect that if/when placed on the secondary market the loan parts might not sell in the usual double quick time. Yes, whilst I am at my (minimum) maximum for this I do have some larger positions on SS which this is at least as good as (if tad lower rate). However, as nearly everyone has said they are at their max and the last couple of tranches have had to be swept up by BO (even if partly dribbled back) and there's yet more to come, I'm sticking to an amount I'd be comfortable to hold to term rather than 'gambling' on currently near-instant SM offloading on SS.
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archie
Posts: 1,839
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BPF600
Dec 16, 2016 13:43:41 GMT
Post by archie on Dec 16, 2016 13:43:41 GMT
Someone bought 100k of this loan earlier. Less than 10% left.
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gt94sss2
Member of DD Central
Posts: 281
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BPF600
Dec 16, 2016 15:10:36 GMT
Post by gt94sss2 on Dec 16, 2016 15:10:36 GMT
All gone..
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elliotn
Member of DD Central
Posts: 3,063
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Post by elliotn on Dec 17, 2016 15:45:47 GMT
SS is worthy of consoderation as at over 200M its loan book offers diversification. Any cursory reading of this forum will have warning signs re comms, delayed redemptions, reduced rates altho (an opinion dividing) pipeline may at least help during the festive season.
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