Blink and you won't miss it

Another whopper of a property loan today (Hampshire, 6985).

£620,000, A+, 7.5% fixed, interest only, 18 months, 2% splashback.

Not wildly exciting, so I imagine it will take a while to fill. But now you know.

That 520k one, 6750 7% over 36m, is being offered at -1.5%. So not much of the 2% cashback left. Even the better one, 6879 8% over 12m, is at -0.9%; it's early days there. But it would seem that these loans are getting less of an oppportunity for true flippers (by which I mean people who hope to sell before the first repayment).
This new one, 7.5% for 18 m is just a bit less attractive a deal than was 6504, 7.5% for 15m, which is currently sticky at -0.8%. The new one will make it more difficult to flip the old ones, which in turn will discourage the boot-filled flippers buying more, and those that do will be more picky. Increasingly you have to be prepared to keep these to term or give away most of the cashback.
Fingers crossed.

And another one...

London property 7102, £400000, A+, 36 months, 8% fixed, interest only, 2% splashback.

3 property loans online at once! FC must be confident about filling this lot.

Hmm, the second part has now appeared, and it does, indeed, look like autobid won't touch it with a 10 foot pole for those users who already have some of part1. I suspect this one could be VERY hard to fill (it's basically an 800k loan already, with yet more to come in future). I guess FC may wind up having to buy some themselves ...

This second tranche, of five, is following directly to minimise the funding risk - which I take to mean that they wish to complete the development asap. [edit - sorry had not read all the info: the first two were always intended to cover the purchase up front.] Many are thinking that London prices, especially at the top end, will cool or even correct - as we need to to limit London house price inflation without using interest rate controls which would damage other regions. It is lucky that our gov has the present chance to apply sanctions against Russian money which tends to stoke up the top end prices. They will not miss this opportunity. So early completion and sale would be wise here - for the developer to maximise profit without too much risk.
FC and its lenders will be strained to raise that total sum very quickly. We can expect that 36 months to be rather shorter, whch could make this borrower increasingly attractive?

Quite so, davee39 – in fact it has the opposite effect if you consider what was there before. You just have to convince yourself, as you invest, that the project will save large sums in undeserved housing benefit.

Thanks for pointing those out because otherwise I would have missed them.

Curious that FC feel the need to have the slightly higher rate to fill the larger loan. I would have imagined that it would be relatively attractive already as it is only over 12 months.