number5
Member of DD Central
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Post by number5 on Mar 13, 2018 6:43:26 GMT
I suspect AC have poached some IFISA money. Since xmas there have been too many loans not renewing on time. Collateral has got lenders worried. A 1% discount is not very much on a loan that is 4 or 5 months old. In fact, for a 20% tax payer selling a 12% interest loan at 1% discount after 5 months, is the same as selling at par after tax. FS really need to allow discounts of 2%. I think... Collateral Administration + Too many Overdue Loans + Too many Large Development Loans + Ambitious RICs Valuations + Poor Auction Results (Castle,Turbines etc.) + SM Limits ... have all contributed to many P2P investors sitting on their hands because they can't get their money out. This has led to selling whatever Loans they can. Consequently, more projects will fail to fund. AC can see this, hence their 1% bonus. Unless overdue loans repay, rates go up to attract more money and/or the Secondary market is allowed to find a true market price, this will continue for some time. Sorry I am not with AC...what is the 1% bonus they are offering?
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Post by mike1963 on Mar 13, 2018 7:36:30 GMT
I think... Collateral Administration + Too many Overdue Loans + Too many Large Development Loans + Ambitious RICs Valuations + Poor Auction Results (Castle,Turbines etc.) + SM Limits ... have all contributed to many P2P investors sitting on their hands because they can't get their money out. This has led to selling whatever Loans they can. Consequently, more projects will fail to fund. AC can see this, hence their 1% bonus. Unless overdue loans repay, rates go up to attract more money and/or the Secondary market is allowed to find a true market price, this will continue for some time. Sorry I am not with AC...what is the 1% bonus they are offering? Hi number5... For a limited time only you can earn an extra 1% p.a. gross target interest on any new lent funds across all of our accounts until 30th June 2018 Total lent funds at 11:59pm on 11th March: xxxxx All lent funds above your initial snapshot figure invested before 11:59pm on 4th April 2018 will be eligible for the 1% p.a. target bonus.
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Post by solicitorious on Sept 15, 2018 16:08:03 GMT
Dear fundingsecurecould you (going forward) refrain from starting loan descriptions with "generic" descriptors? e..g. "Property Loan - C******* - Increase in borrowing" I have a little routine in my spreadsheet which calculates my overall exposure to various loans/tranches based on the first two words in the description. This works very well for most loans, except for these (pointless, imho) generic descriptors. So the above would be better described as "C******* two properties - Increase in borrowing" Another is "Development Plot, C******* - Renewal" which might be better listed as "C******* Development Plot, - Renewal" Or better still, please always start the description with the street NAME, or development NAME, as you do in fact do for the vast majority of loans... Thank-you |
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mullet
Member of DD Central
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Post by mullet on Sept 16, 2018 8:00:59 GMT
I have a little routine in my spreadsheet which calculates my overall exposure to various loans/tranches based on the first two words in the description. This works very well for most loans, except for these (pointless, imho) generic descriptors. ...or maybe FS could just sum/group your exposures to each loan (and dare I say it, borrower too) so you don't need to run routines in spreadsheets in the first place
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Sept 16, 2018 10:12:21 GMT
I have a little routine in my spreadsheet which calculates my overall exposure to various loans/tranches based on the first two words in the description. This works very well for most loans, except for these (pointless, imho) generic descriptors. ...or maybe FS could just sum/group your exposures to each loan (and dare I say it, borrower too) so you don't need to run routines in spreadsheets in the first place Descriptions don’t matter in the slightest if you sell your parts before 151 days and buy a nice new one. If done wisely returns are also higher with minimal risks.
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