Liz
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Post by Liz on May 2, 2017 21:02:42 GMT
ugh .. really frustrated with the SM. Is there an alternative out there for 12%? If not, what are the "entry to market" challenges for this business? There are a few intelligent cookies here (with investment to spare), why don't we open another one? We make it simple, assets backed, property related and perhaps an organic growth strategy. Any Lawyers and Surveyors here? Funding Secure
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david42
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Post by david42 on May 2, 2017 21:36:43 GMT
ugh .. really frustrated with the SM. Is there an alternative out there for 12%? Ablrate Moneything
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Post by df on May 3, 2017 0:29:48 GMT
The SM has been good for me today and things are moving. In fact I have sold more today than I sold yesterday. I am confident of being out of everything sub 100 day and sub 12% by the end of the week. Although that said I always got rid of anything dodgy and short dated before it became critical. So what I have been selling in the last few days has been stuff that 2 months ago would have sold in a flash but now takes a couple of days to shift. When people talk about an illiquid monster I would refer them to the AC 30-day access account which pays 4.75% and you have to wait 30 days to get your cash out. It is all relative and here on SS people may now have to wait 2 weeks to get their cash out at 12% and they call that illiquid. It's all relative and because the instant access people became accustomed to is no longer the case except on the top quality loans. Wait 30 days, but not loose interest whilst waiting. Great option for those who are happy with lower rate hands-off model and able to plan their financial affairs one month in advance. At 12% - selling on MT or Collateral is easy, most sell in seconds, but if they don't you keep earning interest until they are sold. Is it not in L advantage to keep "the feast" going? Not paying interest during queue length is part of revenue.
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elliotn
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Post by elliotn on May 3, 2017 2:12:53 GMT
ugh .. really frustrated with the SM. Is there an alternative out there for 12%? If not, what are the "entry to market" challenges for this business? There are a few intelligent cookies here (with investment to spare), why don't we open another one? We make it simple, assets backed, property related and perhaps an organic growth strategy. Any Lawyers and Surveyors here? Might be worth setting up a separate thread izigor if you want to guage demand for a forum led platform.
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registerme
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Post by registerme on May 3, 2017 17:50:19 GMT
ugh .. really frustrated with the SM. Is there an alternative out there for 12%? If not, what are the "entry to market" challenges for this business? There are a few intelligent cookies here (with investment to spare), why don't we open another one? We make it simple, assets backed, property related and perhaps an organic growth strategy. Any Lawyers and Surveyors here? Might be worth setting up a separate thread izigor if you want to guage demand for a forum led platform. I reckon a better gap in the market would be to challenge RICS (and their valuations).
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on May 3, 2017 17:57:21 GMT
Might be worth setting up a separate thread izigor if you want to guage demand for a forum led platform. . Now that's a *decuple Thumbs Up!!!! ( * my new word, means "10 times"  )
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GeorgeT
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Post by GeorgeT on May 3, 2017 17:57:24 GMT
I think this talk of an illiquid monster is counter-productive to our mutual interests and not entirely accurate.
The SM has been on fire this afternoon. Well, if that's a bit strong, it's definitely been smouldering. I have achieved several more sales and queues are moving steadily.
Unless people are trying to shift dross (negative days, low rates or whatever) then everything is moving. And nobody on here should be invested in dross.
I think in a way LY are a victim of their own success here. People got used to sales in a micro-second. Now it's sales in a few days. Still remarkably liquid considering the rates on offer.
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Post by lendinglawyer on May 3, 2017 22:23:08 GMT
Careful GeorgeT you're sounding like me! There is a lot on the SM but turnover of the right loans is solid and for the best loans is FFF defined. |
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Post by df on May 4, 2017 2:46:04 GMT
I think this talk of an illiquid monster is counter-productive to our mutual interests and not entirely accurate. The SM has been on fire this afternoon. Well, if that's a bit strong, it's definitely been smouldering. I have achieved several more sales and queues are moving steadily. Unless people are trying to shift dross (negative days, low rates or whatever) then everything is moving. And nobody on here should be invested in dross. I think in a way LY are a victim of their own success here. People got used to sales in a micro-second. Now it's sales in a few days. Still remarkably liquid considering the rates on offer. I have achieved several more sales too, I think it is because PBL040 was repaid.
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vmail
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Post by vmail on May 16, 2017 20:34:50 GMT
Finally (after 16 days) in the 100 days club after shifting £85,778 to other people down the pyramid. I'm too slow to move into the 200 or 300 days clubs.
It's only cost me £131.53 in loss of interest.
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Liz
Member of DD Central
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Post by Liz on May 16, 2017 23:18:59 GMT
Finally (after 16 days) in the 100 days club after shifting £85,778 to other people down the pyramid. I'm too slow to move into the 200 or 300 days clubs. It's only cost me £131.53 in loss of interest.More cash for the Lendy Christmas party. I would prefer they used the cash to bolster the PF, but that aint going to happen.
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vmail
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Post by vmail on May 17, 2017 0:34:49 GMT
Someone had to fund Pauls time off.
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lobster
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Post by lobster on May 17, 2017 8:22:57 GMT
Finally (after 16 days) in the 100 days club after shifting £85,778 to other people down the pyramid. I'm too slow to move into the 200 or 300 days clubs. It's only cost me £131.53 in loss of interest. Just be grateful that you managed to get shot of them !!
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GeorgeT
Member of DD Central
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Post by GeorgeT on May 17, 2017 20:31:19 GMT
Someone had to fund Pauls time off. Yes he is probably relaxing on Bournemouth beach this week. I hope he remembered to pack his umbrella.
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fasty
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Post by fasty on May 17, 2017 20:44:50 GMT
Someone had to fund Pauls time off. Yes he is probably relaxing on Bournemouth beach this week. I hope he remembered to pack his umbrella. Southsea has got a nice enough beach of it's own. Just as rainy today though...
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