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Post by davee39 on May 21, 2014 13:09:02 GMT
6036 was snapped up very quickly by relatively few bidders, and is now available at discounts up to 1.5%, 1400+ parts available. The 2% cashback looks less of a bargain as the parts for these meanly priced loans are starting to stick.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on May 21, 2014 13:25:27 GMT
I wonder if FC are aiming to take all trade on these loan types away from Assetz etc by doing a "Zopa" and becoming top dog in low fixed price (for lenders) loans (funded by government and HNW lenders - city boys even).
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j
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Penguins are very misunderstood!
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Post by j on May 22, 2014 10:12:53 GMT
What was the average rate paid on this loan?
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blender
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Post by blender on May 22, 2014 10:56:49 GMT
Sorry, J, don't understand you. It was a fixed rate at 8.5%.
I sold my modest stake at 1.1% discount - it was an impulse buy when I saw it nearly full. Not really my sort of loan. It does seem that these large cashback offers might be a way of finding out what the lowest acceptable rates are.
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markr
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Post by markr on May 22, 2014 12:01:55 GMT
I missed this one at auction, but picked up some parts at 1.5% discount. After FC fees, it seems like a lot of effort for little reward on the seller's part. I'm sure a few months down the line I'll be able to sell it again at par or even a markup if I choose to.
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