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Post by geraldine1210 on Mar 6, 2017 17:03:46 GMT
I see we have a new loan just added to the pipeline at 7%
PBLxxx - 2** L******** L***, P******, Lancashire
Security Value £325,000
Loan Value £151,567
Loan to value 47%
Remaining Time 364 days
Annual Rate 7%
They are now seriously taking the micheal It certainly is. Just posted. Bold as brass. It is not even a top notch loan.
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elliotn
Member of DD Central
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Post by elliotn on Mar 6, 2017 17:07:23 GMT
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elliotn
Member of DD Central
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Post by elliotn on Mar 6, 2017 17:08:05 GMT
They have to pay for their 12% defaults somehow.
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fasty
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Post by fasty on Mar 6, 2017 17:13:02 GMT
I see we have a new loan just added to the pipeline at 7%
PBLxxx - 2** L******** L***, P******, Lancashire
Security Value £325,000
Loan Value £151,567
Loan to value 47%
Remaining Time 364 days
Annual Rate 7%
That's in FC territory 
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elliotn
Member of DD Central
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Post by elliotn on Mar 6, 2017 17:22:44 GMT
They clearly feel they have the critical mass to overlook early adopter/active investor model in favour of the mainstream, retail investor and so do not need to engage on specialist fora and hence the heavy investment in the recent default so as not to spook inexperienced investors ahead of their rebrand.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 6, 2017 17:24:15 GMT
How low can you go (I got that Limbo song playing in my head) Seriously savingstream - why not start at 1% and work upwards Ridiculous - I still can't quite believe anyone will fund it. I'd love to know what % SS are getting - likelihood they are receiving more than the lender |
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SteveT
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Post by SteveT on Mar 6, 2017 17:34:16 GMT
Ridiculous - I still can't quite believe anyone will fund it. I'd love to know what % SS are getting - likelihood they are receiving more than the lender Sure they will. Over on FC they're happily filling unsecured loans at 6.5% !
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fasty
Member of DD Central
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Post by fasty on Mar 6, 2017 17:35:12 GMT
Ridiculous - I still can't quite believe anyone will fund it. I'd love to know what % SS are getting - likelihood they are receiving more than the lender Sure they will. Over on FC they're happily filling unsecured loans at 6.5% ! ... and expect you to pay 1% fee
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elliotn
Member of DD Central
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Post by elliotn on Mar 6, 2017 17:38:17 GMT
Ridiculous - I still can't quite believe anyone will fund it. I'd love to know what % SS are getting - likelihood they are receiving more than the lender Sure they will. Over on FC they're happily filling unsecured loans at 6.5% ! I had a look the other night once I guessed my security q's. Shocking!
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oldgrumpy
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Post by oldgrumpy on Mar 6, 2017 17:39:17 GMT
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ablender
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Post by ablender on Mar 6, 2017 17:44:23 GMT
It is only £151k. I'm sure it will fill though I will not be one of those contributing.
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mikeh
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Post by mikeh on Mar 6, 2017 17:50:36 GMT
Ah but remember according to The Gestapo SS it's the security that counts!
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oldgrumpy
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Post by oldgrumpy on Mar 6, 2017 18:02:13 GMT
Ah but remember according to The Gestapo SS it's the security that counts! ... or doesn't!  Anyway, it'll fill quickly enough and the gongoozlers can relax for six months before the endgame begins.
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Liz
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Post by Liz on Mar 6, 2017 18:15:41 GMT
They are now seriously taking the micheal It certainly is. Just posted. Bold as brass. It is not even a top notch loan. Market forces. 
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Liz
Member of DD Central
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Post by Liz on Mar 6, 2017 18:28:14 GMT
How low can you go (I got that Limbo song playing in my head) Seriously savingstream - why not start at 1% and work upwards Ridiculous - I still can't quite believe anyone will fund it. I'd love to know what % SS are getting - likelihood they are receiving more than the lender They might go variable and have us bid it down to near zero.
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