moist
Member of DD Central
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Post by moist on Jan 13, 2017 18:11:19 GMT
You really would need 'lightening fast fingers' - it's often gone at next refresh Quick note - £8.5k is large allocation (presumably because it is 11%) - normally for a loan of this size you would be looking at much less (@12%). Just shows what 1% can do 2300 mugs(with cecil the cat on(platform joke)) The big investors are ditching SS; why invest @ 11%, when you can get 13.5-17% on FS? The new "investors" must think the PF can pay out in full, with multiple defaults, it can't. SS is now for the micro-investor that doesn't answer back. if its that bad why are you still on here. Forum is for constructive help and comment. Slagfest not needed. Do your DD and reduce the risk..... One thing many people seem to forget is that anyone can register and see this forum, borrowers included
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Jeepers
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Post by Jeepers on Jan 13, 2017 19:19:30 GMT
You really would need 'lightening fast fingers' - it's often gone at next refresh Quick note - £8.5k is large allocation (presumably because it is 11%) - normally for a loan of this size you would be looking at much less (@12%). Just shows what 1% can do 2300 mugs(with cecil the cat on(platform joke)) The big investors are ditching SS; why invest @ 11%, when you can get 13.5-17% on FS? The new "investors" must think the PF can pay out in full, with multiple defaults, it can't. SS is now for the micro-investor that doesn't answer back. Even at the higher rates, I still don't like FS. Somehow it just feels more risky. The SM is just awful on FS compared with SS which is great. I've been on SS 2 years, it's been very lucrative and it's starting to feel like a savings account which it most certainly isn't.
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hantsowl
Member of DD Central
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Post by hantsowl on Jan 13, 2017 21:03:23 GMT
2300 mugs(with cecil the cat on(platform joke)) The big investors are ditching SS; why invest @ 11%, when you can get 13.5-17% on FS? The new "investors" must think the PF can pay out in full, with multiple defaults, it can't. SS is now for the micro-investor that doesn't answer back. Even at the higher rates, I still don't like FS. Somehow it just feels more risky. The SM is just awful on FS compared with SS which is great. I've been on SS 2 years, it's been very lucrative and it's starting to feel like a savings account which it most certainly isn't. Agree 100% with this last comment. I am not renewing any property loans on FS and not buying any new ones. Difficult to explain exactly why, just a gut feel that I am not comfortable with them. I certainly won't go near their SM (tax issues). I feel much more comfortable with SS loans, but I am very picky and hold none with less than 100 days remaining. If all the big investors are ditching SS for FS then it seems bizarre that there are always plenty of property loans unfilled at FS (with also plenty on the SM), but rarely anything other than titbits available at SS. Let's stop slagging SS. They may not be perfect (particularly regarding communications) but in my experience are the most user friendly p2p company that I have used.
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twoheads
Member of DD Central
Programming
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Post by twoheads on Jan 17, 2017 15:28:47 GMT
Just drawn down - 15:27, 17th Jan
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Post by d_saver on Feb 16, 2017 20:05:25 GMT
Just seen the next tranche for this is going live tomorrow. Probably not bother as it will likely be small allocation and I already have my full size of this, but I was wondering if anyone knew the stage this was at now as of course, we don't get the progress reports. It seems a little odd to me that there is only 122 days left on this loan. Given the time it took the other similar projects to complete, this loan seems very short term?
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elliotn
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Post by elliotn on Feb 17, 2017 4:56:16 GMT
Even more strange given the overiew states 1 year build, I can only imagine an extension down the line if exit is to be by sales of completed units.
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star dust
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Post by star dust on Feb 17, 2017 9:45:50 GMT
This loan migrated from another platform to a lower interest rate here, given SS deduct interest for the term of the loan upfront, and possibly have early exit penalties, perhaps the borrower didn't want to be tied into this rate for too long.
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twoheads
Member of DD Central
Programming
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Post by twoheads on Feb 17, 2017 10:28:32 GMT
Tranch 2 just gone live (10:26).
Loan from £2,723,623 to £2,892,270.
SS LTV figure from 18% to 19%.
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ganymede
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Post by ganymede on Feb 17, 2017 10:34:09 GMT
Allocation £170 on £10k pre-funding. Previous £8.5k in trench 1 of this loan had been sold off.
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dermot
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Post by dermot on Mar 13, 2017 15:45:00 GMT
£54K of this has just turned up on the SM - it being 11% with 97 days to run, isn't that a bit early for people to start dumping it?
Anyone know of a particular reason?
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elliotn
Member of DD Central
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Post by elliotn on Mar 13, 2017 15:56:40 GMT
BH switching into DFL 17 for same rate at 365 days? I think someone said there had been 54k and 50k bites taken today.
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dermot
Member of DD Central
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Post by dermot on Mar 13, 2017 16:05:02 GMT
BH switching into DFL 17 for same rate at 365 days? I think someone said there had been 54k and 50k bites taken today. Ah, maybe that's it then ... I've already got as much as care to have in any one loan in DFL17 - it soaked up all of my Lambo returns from CO the other day.
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Post by lusitania on Apr 30, 2017 7:17:32 GMT
Maybe I missed something over here but does anyone know what happened to that Independent Monitoring Surveyor report announced over a month ago, which took place 4 weeks ago and 2 weeks ago had not yet been received? Does the latest 'no change' update mean: 'no change, we are still waiting for the report' or 'no change, works are running on schedule'?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Apr 30, 2017 8:21:29 GMT
Maybe I missed something over here but does anyone know what happened to that Independent Monitoring Surveyor report announced over a month ago, which took place 4 weeks ago and 2 weeks ago had not yet been received? Does the latest 'no change' update mean: 'no change, we are still waiting for the report' or 'no change, works are running on schedule'? The IMS is not shared with us (much to my annoyance), so we have no idea if LY have received the report or not. However, a new Tranche is usually released after a IMS sends his report, so I guess something has gone astray here A tad strange; maybe Paul64 can comment?
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Post by lusitania on May 1, 2017 6:45:29 GMT
The IMS is not shared with us (much to my annoyance), so we have no idea if LY have received the report or not. However, a new Tranche is usually released after a IMS sends his report, so I guess something has gone astray here A tad strange; maybe Paul64 can comment? Thanks for the reply CD! Although I appreciate the IMS wouldn't be available to us, perhaps Lendy could have provided a more objective update...
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