btb
Posts: 11 
Likes: 14
|
Post by btb on Dec 24, 2016 18:15:26 GMT
Commercial lets are something I've briefly thought about in the past. Say you want to put £100k in, would you recommend buying one cash or a few on mortgages? What mortgage rates can you expect on commercial BTL property and what percentage deposit in each? Personal choice really Jeepers. Mine are paid for and I prefer it that way. But, others would recommend the mortgage route for the cheap rates and then investing your cash at a higher rate (I wouldn't recommend P2P for that one, because the risk is too great). Last I heard, mortgages were around 60-70% LTV with commercial rates between 4.5% - 8%. But, I haven't looked at them in quite a while
|
|
hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
|
Post by hazellend on Dec 24, 2016 18:28:10 GMT
Commercial lets are okay, but lets face it, one of the major attractions of P2P is the liquidity, and probably most don't want to tie their money up for decades.
|
|
baldpate
Member of DD Central
Posts: 549
Likes: 407
|
Post by baldpate on Dec 24, 2016 18:43:27 GMT
I voted "Decrease total invested and move funds to outside P2x".
I have reduced my SS investments by 20% in the past 3 months. In part, this results from a decreased tollerance for holding SS bridging loans into negative territory (mainly because of the already-well-aired issue of poor communications); in part, it results from the dearth of acceptable replacements (mainly because I won't take the new lower-rate loans). I expect this trend to continue.
Earlier this year, SS was my second largest platform, behind MT. It is now my 5th (behind MT, FS, AC and FC). Although some of the cash withdrawn has found its way into these other platforms, most is sitting in my bank account, earmarked for sharing between HMRC and the bank of mum-and-dad. I would rather hold cash that loans I am not comfortable with.
|
|
Jeepers
Member of DD Central
Posts: 818
Likes: 721
|
Post by Jeepers on Dec 24, 2016 20:16:41 GMT
SS have really taken some stick lately. I'd like to think they are too busy bringing new loans and managing the business to be constantly on the forum.
I've been with SS since the early days and up until about a year ago comms were excellent. I remember once sending an email at about 10PM and getting a response within minutes.
SS is still a great platform but in my opinion has been overtaken by Moneything purely because of their transparency and excellent comms.
|
|
|
|
Post by brianac on Dec 25, 2016 13:14:23 GMT
I got out earlier this year, so voted to keep about the same next year I.e. Zero
1) Too many "things that make you go hmmmm"
2) I feel that in p2p I should generally be in it for the long haul, - investing in loans at the start if possible and keeping to term, on SS this is not desirable nor a very good idea (imho)
3) consequent to the above, DD on investments require too much time, keeping track on SS site and here. Suspect real return for time I've spent probably works out less than minimum wage.
(I'm only a modest investor by standards of most on here)
Brian
|
|
|
|
Post by charliebrown on Dec 25, 2016 21:22:05 GMT
My initial reaction is I'd like to invest more in SS. However, I'm actually already in quite deep and on balance I'm probably not fully appreciating the risks as I haven't (yet) been burnt. heres a few things that I'm unhappy about... 1) It is quite hard to get a decent amount invested and diversified. I've set my funding on some loans quite high and then found on launch I get allocated 400 or 500 pounds only. At the rate I want to invest, this is useless to me. 2) The SM is great as a seller but it's a nightmare as a buyer. I've found it very hard to get decent chunks of money invested via SM. I'm not going to complain too much about this one as you can't have your cake and eat it. However, for me, since 99% of the time I am buying not selling it's frustrating  3) As an investor I feel insignificant to SS. Since all loans are heavily oversubscribed I feel investors are a commodity, when we see investors posting on this forum that they are reducing their SS investment I can almost hear SS saying "so what, there's plenty more where you came from". 4) I've just been looking over what's available on SS. There's a lot of truly toxic looking  on there. I'd be surprised if all those loans can be resolved easily. Time will tell. But there looks to be some significant issues brewing. Merry Christmas. |
|
ben
Posts: 2,020
Likes: 589
|
Post by ben on Dec 25, 2016 21:37:11 GMT
My initial reaction is I'd like to invest more in SS. However, I'm actually already in quite deep and on balance I'm probably not fully appreciating the risks as I haven't (yet) been burnt. heres a few things that I'm unhappy about... 1) It is quite hard to get a decent amount invested and diversified. I've set my funding on some loans quite high and then found on launch I get allocated 400 or 500 pounds only. At the rate I want to invest, this is useless to me. 2) The SM is great as a seller but it's a nightmare as a buyer. I've found it very hard to get decent chunks of money invested via SM. I'm not going to complain too much about this one as you can't have your cake and eat it. However, for me, since 99% of the time I am buying not selling it's frustrating 3) As an investor I feel insignificant to SS. Since all loans are heavily oversubscribed I feel investors are a commodity, when we see investors posting on this forum that they are reducing their SS investment I can almost hear SS saying "so what, there's plenty more where you came from". 4) I've just been looking over what's available on SS. There's a lot of truly toxic looking on there. I'd be surprised if all those loans can be resolved easily. Time will tell. But there looks to be some significant issues brewing. Merry Christmas. I agree with point 3, although I doubt that the really big hitters so to speak on SS come on here, I think even the larger investors on here SS would probably only class as middle investors.
|
|
|
|
Post by wickedxuk on Dec 26, 2016 8:40:52 GMT
I'm increasing but only because I've not hit my target invested yet and still have another 1/3rd of my final target still to be invested in p2p. However I am not yet fully diversified either so I will sell parts of loans as newer better loans come along (target 1% per loan). I have some much bigger holdings then 1% on SS due to some good loans but also because of connected loans/borrowers.
Although I'm over diversified in other platforms (FS, BM, MT) which generally are much under 1% per loan.
Overall no matter the situation with comms I still only invest in loans I feel confident with holding to term. Therefore I will increase only as and when decent loans are presented.
|
|
|
|
Post by charliebrown on Dec 26, 2016 8:59:17 GMT
I'm increasing but only because I've not hit my target invested yet and still have another 1/3rd of my final target still to be invested in p2p. However I am not yet fully diversified either so I will sell parts of loans as newer better loans come along (target 1% per loan). I have some much bigger holdings then 1% on SS due to some good loans but also because of connected loans/borrowers. Although I'm over diversified in other platforms (FS, BM, MT) which generally are much under 1% per loan. Overall no matter the situation with comms I still only invest in loans I feel confident with holding to term. Therefore I will increase only as and when decent loans are presented. This is a truly sensible, sleep well at night strategy. However, with this type of strategy how much funds can you hope to get invested? 12% of not much is still not much. It's a safe strategy though.
|
|
|
|
Post by wickedxuk on Dec 26, 2016 11:43:53 GMT
I'm increasing but only because I've not hit my target invested yet and still have another 1/3rd of my final target still to be invested in p2p. However I am not yet fully diversified either so I will sell parts of loans as newer better loans come along (target 1% per loan). I have some much bigger holdings then 1% on SS due to some good loans but also because of connected loans/borrowers. Although I'm over diversified in other platforms (FS, BM, MT) which generally are much under 1% per loan. Overall no matter the situation with comms I still only invest in loans I feel confident with holding to term. Therefore I will increase only as and when decent loans are presented. This is a truly sensible, sleep well at night strategy. However, with this type of strategy how much funds can you hope to get invested? 12% of not much is still not much. It's a safe strategy though. Agreed which is why I have had to go much higher on some of the more safer loans to get invested. The 1/3 still waiting is only because it's in old drip feeder bank accounts waiting to expire over the next few months. Once they have paid up I will be moving them funds into p2p. PS: My current weighted return across all platforms is 11.32% pre-tax.
|
|
|
|
Post by meledor on Dec 26, 2016 16:01:04 GMT
I've gone for "Decrease total invested and move funds to outside P2x" which would be merely a continuation of the last 6 months as I've started to reduce my exposure to P2P and have increased investment in equities to benefit from the Brexit followed by Trump rallies. Of course there could be a downturn in equities in 2017 but were that to be the case I would want to rebuild cash balances rather than increase investment in P2P as it has a late cycle feel to it with declining credit quality. SS will probably remain my largest platform as it is the one I am most pleased with - no defaults for me and generally good communication on the loans I have invested in. I know others will disagree on the last point but if you have a loan where you feel the communication is not up your standard it is usually very easy to sell it and move on.
|
|
ben
Posts: 2,020
Likes: 589
|
Post by ben on Dec 26, 2016 16:45:48 GMT
Overall no matter the situation with comms I still only invest in loans I feel confident with holding to term. Therefore I will increase only as and when decent loans are presented. My strategy is pretty simple invest in loans I like the look of and hold to term. I may increase or i may decrease, over the last year my balance is nearly £50k less then it was this time last year but that is due to a few of the good loans paying back and no real good loans to replace them. That being said I am still in a fair few loans that are pretty good and have increased holdings in some when they have come on the secondary market when the new loans were offered.
|
|
dan83
Posts: 243
Likes: 84
|
Post by dan83 on Dec 26, 2016 19:09:58 GMT
I have voted to increase my money in P2P with money from another source, but the money won't be coming to SS.
My plan for 2017 is to keep my money in 12% loans as long as possible.
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Dec 26, 2016 22:28:10 GMT
Given that there are options which some times are better than 12%, I will try to get to these opportunities first.
|
|
r00lish67
Member of DD Central
Posts: 2,692
Likes: 4,048
|
Post by r00lish67 on Dec 27, 2016 9:05:25 GMT
I've gone for "Decrease total invested and move funds to outside P2x" which would be merely a continuation of the last 6 months as I've started to reduce my exposure to P2P and have increased investment in equities to benefit from the Brexit followed by Trump rallies. Of course there could be a downturn in equities in 2017 but were that to be the case I would want to rebuild cash balances rather than increase investment in P2P as it has a late cycle feel to it with declining credit quality. SS will probably remain my largest platform as it is the one I am most pleased with - no defaults for me and generally good communication on the loans I have invested in. I know others will disagree on the last point but if you have a loan where you feel the communication is not up your standard it is usually very easy to sell it and move on. I'd disagree with your second to last point personally. If equities go on downward slopes in 2017 that's probably a good time to buy more equities (or at least stay still) and not a great time to sell, no? Beyond trying to buy some index tracker funds (like everyone else) at 8am on Brexit morning, I haven't touched equities for the last 6 months as our 'rally' is largely a reflection of the weakness of Sterling. Would love to though, as I'm overweight in cash and P2P.
|
|
on there. I'd be surprised if all those loans can be resolved easily. Time will tell. But there looks to be some significant issues brewing.
