e7
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Post by e7 on Dec 27, 2016 15:51:34 GMT
Hi as the title suggest I'd be interested in your opinions on what loan you would consider safest/ best in the current pipeline
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ablender
Member of DD Central
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Post by ablender on Dec 27, 2016 16:17:40 GMT
I will let you know when they have paid back.
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e7
Posts: 29
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Post by e7 on Dec 27, 2016 16:57:05 GMT
Ahhh the benefit of hindsight I was hoping for some views from the those willing to be a bit more mystical
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Post by d_saver on Dec 27, 2016 18:56:20 GMT
I'll bite, thought take it with a pinch of salt.
Only 2 I like are PBL153 and DFL (un numbered), though the latter would be my favourite. Same people as far as I can see as the 3 or so other student developments, all gone OK so far. Cross guarantee as well I think. One of the other projects is coming to a close and the updates sound like they are going to close well.
Do your own DD though. I certainly would not be putting all in one. Though I might go overweight in somthing like in this at the start and try to migrate to other decent loans as they come up.
Good luck.
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e7
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Post by e7 on Dec 27, 2016 19:27:22 GMT
Thanks for taking the time to reply, I try do DD as far as I am able and part of that is seeking the opinions of others, I find that most helpful
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Post by GSV3MIaC on Dec 27, 2016 19:31:19 GMT
Hi as the title suggest I'd be interested in your opinions on what loan you would consider safest/ best in the current pipeline /Mod Hat Off 'as the title' .. but the title has a typo! *grin* .. anyway, I'd go with the Bradford DFL, although I liked it better at 12% over on MT, and there are a lot of related loans (here and there) to the same or related borrower(s). Most of the pipeline loans I really liked are now history, and you can occasionally buy them on the SM (if you are fast enough).
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Post by martin44 on Dec 27, 2016 19:34:22 GMT
LITTLE TIP.. avoid christchurch..  |
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e7
Posts: 29
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Post by e7 on Dec 27, 2016 19:52:22 GMT
Yeah I have it narrowed down to Bradford and pbl153, I swaying towards pbl153 mainly because of the Low LTV although the possible flood risk stipulated in the valuation is a slight concern
I already have funds in the other student accommodation, and initially thought maybe I should diversify but.... If the loan looks and feels good is there any point in diversifying for the sake of it,
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dan83
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Post by dan83 on Dec 27, 2016 20:31:00 GMT
Why avoid Christchurch?
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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 Dec 27, 2016 21:59:12 GMT
Issues over planning as the council has just served enforcement notices on residents because it doesnt have residential planning permission. Given this is part of the proposal has added uncertainty to its viability.
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ben
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Post by ben on Dec 27, 2016 23:06:30 GMT
Will be going for a bit of bradford too although doubt I will get the same over here as I had elsewhere but cant be helped
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am
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Post by am on Dec 27, 2016 23:31:43 GMT
Yeah I have it narrowed down to Bradford and pbl153, I swaying towards pbl153 mainly because of the Low LTV although the possible flood risk stipulated in the valuation is a slight concern My view is that PBL153 ought to be a decent loan, but there's were problems with the loan overview when I read it and the valuation before Christmas, and after reading the overview and valuation I didn't understand was the security was. I really want this clarified before I put my money in. The flood risk could make refinance or sale more difficult, but before that there's planning risk. The site is subject to an LDO, which is supposed to streamline planning, but I read the LDO on the council's web site, and on first glance it didn't strike me as straightforward. I could see the planning process being drawn out and the loan overrunning. I already have funds in the other student accommodation, and initially thought maybe I should diversify but.... If the loan looks and feels good is there any point in diversifying for the sake of it, I'm a little concerned about the concentration of my portfolio on a single asset class (student housing) and to a lesser extent on a single borrower. The point of diversification is to protect you from misjudgements on your part, and from unexpected events. (Back in the day I had a heavy position in Scottish Power - I was switch trading between SP and SSE - in a single company ISA. One would have thought that Scottish Power was safer bet, but is wasn't. Scottish Power's American operations ran into problems with misjudged hedges on electricity prices, related to Californian electricity deregulation, which has a significant impact on it's share price. More recently we had the collapse in bank values, which could be seen coming (but I underestimated the magnitude - I was assuming that British banks has more sense than to buy toxic CDOs), and later the big 4 supermarkets.)
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r00lish67
Member of DD Central
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Post by r00lish67 on Dec 29, 2016 10:31:23 GMT
Yeah I have it narrowed down to Bradford and pbl153, I swaying towards pbl153 mainly because of the Low LTV although the possible flood risk stipulated in the valuation is a slight concern My view is that PBL153 ought to be a decent loan, but there's were problems with the loan overview when I read it and the valuation before Christmas, and after reading the overview and valuation I didn't understand was the security was. I really want this clarified before I put my money in. The flood risk could make refinance or sale more difficult, but before that there's planning risk. The site is subject to an LDO, which is supposed to streamline planning, but I read the LDO on the council's web site, and on first glance it didn't strike me as straightforward. I could see the planning process being drawn out and the loan overrunning. I already have funds in the other student accommodation, and initially thought maybe I should diversify but.... If the loan looks and feels good is there any point in diversifying for the sake of it, I'm a little concerned about the concentration of my portfolio on a single asset class (student housing) and to a lesser extent on a single borrower. The point of diversification is to protect you from misjudgements on your part, and from unexpected events. (Back in the day I had a heavy position in Scottish Power - I was switch trading between SP and SSE - in a single company ISA. One would have thought that Scottish Power was safer bet, but is wasn't. Scottish Power's American operations ran into problems with misjudged hedges on electricity prices, related to Californian electricity deregulation, which has a significant impact on it's share price. More recently we had the collapse in bank values, which could be seen coming (but I underestimated the magnitude - I was assuming that British banks has more sense than to buy toxic CDOs), and later the big 4 supermarkets.) Yep, my first and last foray into active investing was to buy Sainsbury's a few years ago as their share price had already fallen 15%, and what could possibly go wrong with that sector? I think the phrase is "catching a falling knife". Almost needless to say, I'm now a full convert to 'boring' low cost index trackers. Platform, loan, and borrower diversification is obviously also important with P2P, but DD, value, and even gut instinct have far more of a role to play than for equities. Talking of gut instinct, the sprawl and pace of Mr S****** D**'s student accommodation empire building (plus football club) seems rather rapid. Makes me a little nervous. Edit: By my count, including this new pipeline loan, roughly about £16,500,000 of current loans across SS/MT are attributable to this borrower. If he's paying 18% interest to the platform (I obviously have no idea, should that be more?), that's £250k per month interest. Not a small sum!
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Dec 29, 2016 11:06:59 GMT
My view is that PBL153 ought to be a decent loan, but there's were problems with the loan overview when I read it and the valuation before Christmas, and after reading the overview and valuation I didn't understand was the security was. I really want this clarified before I put my money in. The flood risk could make refinance or sale more difficult, but before that there's planning risk. The site is subject to an LDO, which is supposed to streamline planning, but I read the LDO on the council's web site, and on first glance it didn't strike me as straightforward. I could see the planning process being drawn out and the loan overrunning. I'm a little concerned about the concentration of my portfolio on a single asset class (student housing) and to a lesser extent on a single borrower. The point of diversification is to protect you from misjudgements on your part, and from unexpected events. (Back in the day I had a heavy position in Scottish Power - I was switch trading between SP and SSE - in a single company ISA. One would have thought that Scottish Power was safer bet, but is wasn't. Scottish Power's American operations ran into problems with misjudged hedges on electricity prices, related to Californian electricity deregulation, which has a significant impact on it's share price. More recently we had the collapse in bank values, which could be seen coming (but I underestimated the magnitude - I was assuming that British banks has more sense than to buy toxic CDOs), and later the big 4 supermarkets.) <SNIP> Edit: By my count, including this new pipeline loan, roughly about £16,500,000 of current loans across SS/MT are attributable to this borrower. If he's paying 18% interest to the platform (I obviously have no idea, should that be more?), that's £250k per month interest. Not a small sum! £18,074,792 Not that I'm keeping count or anything....
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Post by Deleted on Dec 29, 2016 11:10:55 GMT
I'm with you roolish, I downsized my Mr Bradford loans a couple of months back.
To e7
I think the core question is good, but don't just look for one good loan, recognise that diversification it also a good tool. So, of the possible loans I can see three which are sensible but not great so I'll drop £50 on them as well. Once you get to the point where all you loans are sub 1% of the total you feel more comfortable about loans going butter side down.
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