twoheads
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Post by twoheads on Apr 21, 2017 13:50:53 GMT
Note that PBL174 has had £75k dumped on the SM by LfSS.
I tested this by buying a vast £1 stake and selling it. The queue was only £74.00 (and still is, after 15 minutes).
I expect it will move eventually!
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twoheads
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Post by twoheads on Apr 21, 2017 15:21:08 GMT
Despite not being fully funded by investors, PBL174 was drawn down at 16:20.
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elliotn
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Post by elliotn on Apr 21, 2017 15:35:17 GMT
Despite not being fully funded by investors, PBL174 was drawn down at 16:20. So would SS underwriters not be able to sell independently in the queue, who's holding the loan?
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SteveT
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Post by SteveT on Apr 21, 2017 15:37:50 GMT
Despite not being fully funded by investors, PBL174 was drawn down at 16:20. So would SS underwriters not be able to sell independently in the queue, who's holding the loan? Underwriter holdings rank behind retail lender holdings in sale queues. Assuming that L are already complying with the FCA's hang-up over platforms holding loan parts, any unsold balance will have been picked up by an underwriter before drawdown, as in the past.
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averageguy
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Post by averageguy on Apr 24, 2017 19:28:58 GMT
Gosh 7% mouthwatering
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twoheads
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Post by twoheads on Apr 24, 2017 20:35:49 GMT
If investors are sensible then this will not fill quickly with prefunding.
As I write there is £265k worth of 12% loans with over 130 days remaining term. Some of them are decent loans, some are rubbish.
However, I expect that this new Hampshire loan will fill quickly due to the (I assume) large number of users who use a pre-set pipeline funding amount and infrequently check WTH they are buying.
EDIT - 2 letters away from what the hell I mean.
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twoheads
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Post by twoheads on Apr 26, 2017 14:58:58 GMT
It appears that W******* L***, Barnsley has just become DFL023 (at 15:57).
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twoheads
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Post by twoheads on Apr 27, 2017 11:48:16 GMT
DFL023 just went live (at 12:44).
661 investors and a scrap (about £1.5k) on the SM, so fully funded.
As usual for a 9% loan, I have no idea of the allocation!
EDIT - Aha... crossed with @new2p2p... at least we agree on 661 investors this time!
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twoheads
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Post by twoheads on Apr 27, 2017 12:27:01 GMT
New 9% pipeline DFL just announced.
Warrington
Security £3.1m Loan £692,235 LTV 22% 9% interest 240 day term
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ilmoro
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Post by ilmoro on Apr 27, 2017 12:50:29 GMT
New 9% pipeline DFL just announced.
Warrington
Security £3.1m Loan £692,235 LTV 22% 9% interest 240 day term
Better get a shift on, I was under the impression the borrower needed the money today
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SteveT
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Post by SteveT on Apr 27, 2017 13:00:31 GMT
I guess that explains the delay to the original "imminent" repayment of their MT loan; they got a better offer from Lendy!
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grahamg
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Post by grahamg on Apr 27, 2017 15:38:02 GMT
New 9% pipeline DFL just announced.
Warrington
Security £3.1m Loan £692,235 LTV 22% 9% interest 240 day term
Better get a shift on, I was under the impression the borrower needed the money today The given GDV of £3.1m is highly misleading Paul64 as the valuation document gives : Market Value with vacant possession in current condition £1,000,000 Market Value with vacant possession subject to 90 day marketing constraint £800,000 Gross Development Value on completion £2,700,000 Gross Development Value on completion subject to 90 day marketing constraint £2,430,000 Freehold Ground Rents £400,000 Have Lendy added the ground rents to the valuation ? Naughty? Realistic GDV form our perspective should be the 90 day value
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ozboy
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Post by ozboy on Apr 27, 2017 15:47:56 GMT
Better get a shift on, I was under the impression the borrower needed the money today The given GDV of £3.1m is highly misleading Paul64 as the valuation document gives : Market Value with vacant possession in current condition £1,000,000 Market Value with vacant possession subject to 90 day marketing constraint £800,000 Gross Development Value on completion £2,700,000 Gross Development Value on completion subject to 90 day marketing constraint £2,430,000 Freehold Ground Rents £400,000 Have Lendy added the ground rents to the valuation ? Naughty? Realistic GDV form our perspective should be the 90 day value This sort of challenging needs must be done, regularly, as appropriate. If we can all hold The Platforms to account about questionable VRs, LTVs, and omitted material information we should be able to bring about force real CHANGE.
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oldgrumpy
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Post by oldgrumpy on Apr 27, 2017 15:51:07 GMT
Standard Lendy value exaggeration. They can't stop it, can they?
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ilmoro
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Post by ilmoro on Apr 27, 2017 16:00:28 GMT
Thought the freehold was being sold. No mention of that in the VR.
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