seeingred
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Post by seeingred on Jan 28, 2017 12:27:45 GMT
/mod hat off Not for me, but 6% autobiddy-grannies might flock to it in droves. Various platforms are offering between 3 and 7% with hands-off autobid options available (and for small sums too) - examples are Z***, Faintly Comical, and Lend** W**** So with a product described as a 'bond' (sounds secure!), 6% is at the top end of the competition. I have thought for a long time that the days of 12% will soon be over, it remains to be seen whether rates offered to borrowers reduce pro-rata with those offered to investors. Probably not, as there are fixed operating overheads for platforms, but competition in the bridging loan market will surely have an impact as the newer platforms become better known.
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Balder
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Post by Balder on Jan 28, 2017 13:13:01 GMT
Not worth the risk at those rates especially when you can look at say Fundsmith Equity Fund that returned 28% last year and has averaged 19.3% after costs since 2010. I have a SIPP account with SS and will be moving away as the 12% loans go and as everything now seems to be bottom up funding.
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twoheads
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Programming
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Post by twoheads on Jan 28, 2017 14:06:31 GMT
Email just received: " We are pleased to confirm that the above loans will be going live on Monday (30/01/2017)" Received it too...
Won't believe it 'til it happens!
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am
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Post by am on Jan 28, 2017 14:19:48 GMT
Email just received: " We are pleased to confirm that the above loans will be going live on Monday (30/01/2017)" Received it too...
Won't believe it 'til it happens!
I am disappointed that they didn't fix the valuation and loan details first. Off to the chandlery for a bigger bargepole.
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trevor
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Post by trevor on Jan 28, 2017 17:26:25 GMT
50% LTV. I'm in.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jan 28, 2017 17:34:07 GMT
Thank goodness MT have a decent 12%-er going live on Monday!!  Amen to that!
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twoheads
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Post by twoheads on Jan 28, 2017 20:18:32 GMT
And 365 days... and 12%... me too... for a while at least.
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Post by Whitbourne on Jan 29, 2017 10:31:28 GMT
And 365 days... and 12%... me too... for a while at least. Seems to me the secondary market changes everything. If you knew you had to hold the loan to maturity, until it was either repaid or receivers appointed to sell off the park, then the excellent DD on here means you probably wouldn't touch it. However, given the liquidity of the SM, holding for nine months and selling on looks like a low-risk strategy. The bigger problem IMHO is the trivial amount allocated to each investor which makes the whole process barely worth it... it's a great return but on a very small sum.
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trevor
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Post by trevor on Jan 29, 2017 10:50:09 GMT
Personally I'm content with allocations of hundreds. I'm not a big hitter. I have a small amount in many loans giving me diversification which suits me.
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twoheads
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Post by twoheads on Jan 29, 2017 11:14:08 GMT
Personally I'm content with allocations of hundreds. I'm not a big hitter. I have a small amount in many loans giving me diversification which suits me. I'm no big hitter either.
But I think that if you wanted to invest in all three you could get a total allocation of £6k or more.
[Sometime ago I thought a total of between £5k and £6k; now I reckon a little higher... we shall see.]
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ben
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Post by ben on Jan 29, 2017 12:16:00 GMT
From the 3 I expect about 8k will be the max combined, enough for the people that are complaing lately that they can't invest anything to get them started.
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r1200gs
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Post by r1200gs on Jan 29, 2017 12:30:07 GMT
From the 3 I expect about 8k will be the max combined, enough for the people that are complaing lately that they can't invest anything to get them started. There has been plenty of decent stuff on the secondary market, just takes a little patience and timing. There'll be loads more after these go live.
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Post by Deleted on Jan 29, 2017 13:22:35 GMT
Can I get a little bit of Caravan park ... like just a few wheels and a tow bar using INPL then wait until the 1st pay it off with my interest?
Should be within the allowed 48hrs!
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ablender
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Post by ablender on Jan 29, 2017 13:26:43 GMT
From the 3 I expect about 8k will be the max combined, enough for the people that are complaing lately that they can't invest anything to get them started. There has been plenty of decent stuff on the secondary market, just takes a little patience and timing. There'll be loads more after these go live. Except that I do not have any more money to invest----- unless anyone out there wants to share the extra you have. You know, after all it can reduce your problem of finding what to do with it.
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ben
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Post by ben on Jan 29, 2017 13:57:56 GMT
Can I get a little bit of Caravan park ... like just a few wheels and a tow bar using INPL then wait until the 1st pay it off with my interest? Should be within the allowed 48hrs! Yes you can the system should allow that
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