r1200gs
Member of DD Central
Posts: 1,336 
Likes: 1,883
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Post by r1200gs on Jan 25, 2017 14:31:13 GMT
I am finding it very hard to actively get money away at MT, and elsewhere is closing in. Actually, and I expect to get flamed for this view, if 8% loans get filled then in a non-communist, free world, why would we expect SS NOT to send them out at 8%? SS is not a charity - it is there to make money and if 8% balances demand from investors and borrowers (as it looks) then I suspect those of us who were used to getting 12% need to get over it or get out. As I have taken 8%, according to some that makes me a sucker/fool, I'd reserve that tag for those who clearly imagine they will not encounter defaults of the loans/platforms they 'like' and think are 'safe'. Jack P We know. If others are happy to take 8% on a 70% LTV property loan (and clearly some are) when 13 and 14 percent are easily achievable in comparable loans or better, then I wish them the best of luck in their investing career. They may need it.
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Post by thetreasurer on Jan 25, 2017 14:44:32 GMT
Put my name down for £1500 got £170... never gonna get to my target of 100k at this rate. At time of writing there's £92k of stuff for sale on the SM, so it certainly seems possible to reach a £100k target if you're not too fussed about the exact composition of that £100k.... Quite, I have strict DPD criteria as to what I buy on secondary market. (as it would appear everyone else does too)
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ben
Posts: 2,020
Likes: 589
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Post by ben on Jan 25, 2017 19:08:53 GMT
Put my name down for £1500 got £170... never gonna get to my target of 100k at this rate. It was only a small loan so was never going to get much.
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stevio
Member of DD Central
Posts: 2,065
Likes: 894
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Post by stevio on Jan 25, 2017 20:50:12 GMT
At time of writing there's £92k of stuff for sale on the SM, so it certainly seems possible to reach a £100k target if you're not too fussed about the exact composition of that £100k.... Quite, I have strict DPD criteria as to what I buy on secondary market. (as it would appear everyone else does too) Somebody took other person's advice 😉
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stevio
Member of DD Central
Posts: 2,065
Likes: 894
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Post by stevio on Jan 25, 2017 21:01:19 GMT
I am finding it very hard to actively get money away at MT, and elsewhere is closing in. Actually, and I expect to get flamed for this view, if 8% loans get filled then in a non-communist, free world, why would we expect SS NOT to send them out at 8%? SS is not a charity - it is there to make money and if 8% balances demand from investors and borrowers (as it looks) then I suspect those of us who were used to getting 12% need to get over it or get out. As I have taken 8%, according to some that makes me a sucker/fool, I'd reserve that tag for those who clearly imagine they will not encounter defaults of the loans/platforms they 'like' and think are 'safe'. Jack P £1350 if you max both bids on MT tomorrow and lots on ABL at 14% adjusted AER on the SM despite paying a premium Added: and MT have just added another loan, max bid 300 and 3k on the SM 1 minute ago 14% on AB SM?
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twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
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Post by twoheads on Feb 6, 2017 13:47:27 GMT
This loan has just been drawn down (13:45).
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webwizard
Member of DD Central
Posts: 157
Likes: 145
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Post by webwizard on Feb 7, 2018 6:54:34 GMT
Loan repaid:  ![]() Asset value of £300,000 with a loan of £182,991 but £365,981 actual capital repaid. How is this possible? Clearly, Lendy do not have an eye for detail and leave everything to an automated system. This is the second over payment capital return figure that is wrong on the system (other is PBL165). |
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Post by picanto on Feb 7, 2018 11:49:51 GMT
Loan repaid: ![]() Asset value of £300,000 with a loan of £182,991 but £365,981 actual capital repaid. How is this possible? Clearly, Lendy do not have an eye for detail and leave everything to an automated system. This is the second over payment capital return figure that is wrong on the system (other is PBL165). This has now been fixed, somebody in Lendy HQ must be listening to us! 
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