twoheads
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Post by twoheads on Apr 8, 2017 9:21:45 GMT
A new 'lowest ever' - £105k and 7%. Won't go to the trouble of even looking at this.
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SteveT
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Post by SteveT on Apr 8, 2017 11:30:32 GMT
007(%) is welcome to that one. The name's Bond, Lendy Bond.
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Post by GSV3MIaC on Apr 8, 2017 12:47:36 GMT
/mod hat off
I believe I know his brother ... "Junk"?
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Liz
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Post by Liz on Apr 8, 2017 14:32:31 GMT
And a Public House in Manchester.... SECURITY VALUE £150,000 LOAN VALUE £105,000 LOAN TO VALUE 70% TERM 183 days ANNUAL RATE 7% That's a 42% reduction in the interest rate we achieved on public houses 12 months ago. Either we were spoilt then or we are getting boned screwed now. And no there is no middle ground How long before L/LY/LDY/LE/LND... test 6% and 5% on these small loans? I can only imagine that a lot of members must be putting a lot of weight on the PF. I must admit I did in the early days. I don't think L/LY/LDY/LE/LND... loans are any better quality than say FS, where you can earn 13%+(upto 17%), which is nearly double this rate. We need a syndicate with 20 of us putting £5k into FS, then we earn 17%. That would be nice in an IFISA.
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gustapher
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Post by gustapher on Apr 8, 2017 15:04:03 GMT
Agree.
Just have to remain active and willing to move money between platforms to keep them honest.
These loans are very risky and with the massive red flag over the provision fund responses you would be stupid to blindly invest at these low rates.
Im certainly not anti-lendy or in the camp that permanently moans about them but I'll happily move funds if these rates become the norm. ABL, PC and MT have all got way better prospective loans out there at the moment so no-way I'm going waste time on 7-9%, particularly for such short durations. A 3 year 8% for example might add an interesting dynamic to the portfolio - but for 6-12 months? No thanks.
I would include FS in my list also, but as I'm investing through a ltd company the SM tax calculations make it no good for my personal situation.
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star dust
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Post by star dust on Apr 9, 2017 13:54:32 GMT
In a disappointing move for all Bond fans, the pub in Manchester (aka 007%) has acquired a PBL number now - PBL . Perhaps that's just as well as it's eponym PBL007 was one that defaulted . In Edit: I just have MONEY - and I can't even magic up a blush smilie - .
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mikeh
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Post by mikeh on Apr 9, 2017 14:24:05 GMT
Indeed. PBL163 is the Cornwall loan.
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twoheads
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Post by twoheads on Apr 10, 2017 13:43:10 GMT
A Scottish industrial estate just became PBL170.
EDIT: And a Manchester property at number 163 just became PBL172.
ANOTHER EDIT: And they're both going live tomorrow along with DFL012 (H.Q. Liverpool) tranche 4.
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twoheads
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Post by twoheads on Apr 11, 2017 9:50:48 GMT
PBL170 went live at 10:48 with 675 investors.
EDIT - Not sure if it was fully prefunded as there is was £69.3k on the SM.
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twoheads
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Post by twoheads on Apr 11, 2017 10:03:04 GMT
EDIT - Not sure if it was fully prefunded as there is was £69.3k on the SM. A >10% shortfall? Seems unlikely... I agree. We'll have to wait and see if anyone didn't get their full allocation request.
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twoheads
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Post by twoheads on Apr 11, 2017 10:05:57 GMT
PBL172 now live (11:04). 582 investors and £1,560 on SM.
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twoheads
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Post by twoheads on Apr 11, 2017 10:29:19 GMT
DFL012 Tranche 4 now live (11:21). £1400 allocation. Loan value is now £5,709,316. LTV (LfSS figure) is now 32%.
Well, that's all three promised 'go lives' before lunch time. A new record?
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SteveT
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Post by SteveT on Apr 11, 2017 10:56:10 GMT
PBL170 went live at 10:48 with 675 investors.
EDIT - Not sure if it was fully prefunded as there is was £69.3k on the SM. That's a bit of an eye-opener. It must be quite a while since SS/L failed to fill a £600k loan via pre-funding!
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Post by portlandbill on Apr 11, 2017 12:03:55 GMT
still plenty of people prepared to invest in 7 & 8% loans
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twoheads
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Post by twoheads on Apr 13, 2017 7:26:39 GMT
PBL170 - NIE, Edinburgh:
Loan drawn down at 07:24, April 13.
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