GeorgeT
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Post by GeorgeT on Jun 1, 2017 22:02:24 GMT
I note a new loan has appeared in the pipeline this evening.
It is a small one at around £600k and the stated LTV is only 19%.
Yet it is offering 12%.
This would seem to mark a departure from recent loan pricing practices.
I wonder if Lendy are looking and listening?
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mikeh
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Post by mikeh on Jun 1, 2017 22:16:02 GMT
Lendy Board meeting:  |
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IFISAcava
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Post by IFISAcava on Jun 1, 2017 23:15:38 GMT
I note a new loan has appeared in the pipeline this evening. It is a small one at around £600k and the stated LTV is only 19%. Yet it is offering 12%. This would seem to mark a departure from recent loan pricing practices. I wonder if Lendy are looking and listening? If you read it the LTV isn't really 19% though (yet). Smallish loan so I think worth a chunk of diversification. If one can get out of any other loans...
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GeorgeT
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Post by GeorgeT on Jun 2, 2017 1:25:45 GMT
new2p2p - Thanks for quoting what twoheads wrote on the same subject. I am sorry - I missed that post and wouldn't have started the thread if I'd known the matter was already being discussed elsewhere. If any thread merging is required, that's fine of course.
I suppose my basic point remains - which is wondering if the recent cross-platform 'rate war' (if I can call it that) is starting to affect the rates Lendy offer to investors on new loans and we are going to see an upturn in rates on LY as they strive to stay competitive.
There seems to be a bit of stall across several platforms in terms of SM activity - perhaps similar to the Brexit vote stall we saw a year ago. Or perhaps unrelated to political and associated economic uncertainties going forward and investors in the sector are maxed out. Perhaps P2P investment levels have peaked for the moment and/or perhaps economic/property value downturn concerns are having an effect.
I guess the improved LY new investor incentive scheme suggests the people at LY are feeling that at their end, though the exact causes are a matter of opinion.
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ped
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Post by ped on Jun 4, 2017 22:07:38 GMT
Was there a notification of this going live today? Looks like a few loans went live and I don't recall any emails?
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ped
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Post by ped on Jun 4, 2017 22:24:30 GMT
Thanks guys, email junk strikes again!
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sussexlender
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Cheat seeking missile
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Post by sussexlender on Jun 5, 2017 6:48:42 GMT
I had the same problem with the notification as it came under the new Lendy id rather than the old SS.
So now marked Lendy as not junk and that should do it.
Regards, SXLR
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adrianc
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Post by adrianc on Jul 12, 2017 12:08:02 GMT
Tranche 2 - £410 allocation
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GeorgeT
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Post by GeorgeT on Jul 12, 2017 12:08:40 GMT
Tranche 2 live.
I asked for £200 and got £200.
I am wishing I had set a higher pre-fund now because I didn't even think I would get £200 given the tranche was only £179k, so quite surprising.
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adrianc
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Post by adrianc on Jul 12, 2017 12:46:29 GMT
Tranche 2 live. I asked for £200 and got £200. I am wishing I had set a higher pre-fund now because I didn't even think I would get £200 given the tranche was only £179k, so quite surprising. Might as well always ask for what you want... I'm surprised it's not higher, too - T1 hasn't been exactly flooding the SM.
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GeorgeT
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Post by GeorgeT on Jul 12, 2017 13:19:40 GMT
It was a tactical blunder on my part. I have learnt from it and won't make the same mistake again.
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toffeeboy
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Post by toffeeboy on Jul 13, 2017 12:59:31 GMT
Tranche 2 live. I asked for £200 and got £200. I am wishing I had set a higher pre-fund now because I didn't even think I would get £200 given the tranche was only £179k, so quite surprising. I got the £400 that I asked for but like you I was surprised, pleasantly in my case, that the allocation went that high. I wonder what caused most investors to stay away from this one.
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hantsowl
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Post by hantsowl on Jul 13, 2017 17:13:29 GMT
Tranche 2 live. I asked for £200 and got £200. I am wishing I had set a higher pre-fund now because I didn't even think I would get £200 given the tranche was only £179k, so quite surprising. Is it conceivable that the 'bursts of liquidity' being created by repaying loans is in the main departing the Platform rather than being applied to new loans, new tranches or the SM, if this is the case could this not (in part) account for the higher than expected pre-fund allocations being reported or in a highly visible circa £7,000,000 SM queue? Anyone any thoughts? There was a time around 6 months ago that I had my funds split across 30+ loans, most if not all were 12%. Since that time we have had more and more new loans offering 8-10% and few offering 12%. As the 12% loans I hold either payback or reach my 100 day sell off limit, I am finding it harder to find replacement loans for that cash. I am currently invested in less than 20 loans and am not prepared to risk adding more funds to those. So, I either invest in lower interest loans OR move cash to alternative platforms which still offer 12%. I am doing the latter, so gradually reducing my funds with Lendy. I can only see this trend continuing as more of the 12% loans reach my 100 day limit and few replacement loans at 12% come in to replace them. That is my reason for slowly departing the platform. I suspect there may be others in a similar position who joined a 12% platform only to find the rates on offer becoming lower when existing loans repay or are sold.
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n
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Post by n on Jul 13, 2017 17:27:06 GMT
Is it conceivable that the 'bursts of liquidity' being created by repaying loans is in the main departing the Platform rather than being applied to new loans, new tranches or the SM, if this is the case could this not (in part) account for the higher than expected pre-fund allocations being reported or in a highly visible circa £7,000,000 SM queue? Anyone any thoughts? There was a time around 6 months ago that I had my funds split across 30+ loans, most if not all were 12%. Since that time we have had more and more new loans offering 8-10% and few offering 12%. As the 12% loans I hold either payback or reach my 100 day sell off limit, I am finding it harder to find replacement loans for that cash. I am currently invested in less than 20 loans and am not prepared to risk adding more funds to those. So, I either invest in lower interest loans OR move cash to alternative platforms which still offer 12%. I am doing the latter, so gradually reducing my funds with Lendy. I can only see this trend continuing as more of the 12% loans reach my 100 day limit and few replacement loans at 12% come in to replace them. That is my reason for slowly departing the platform. I suspect there may be others in a similar position who joined a 12% platform only to find the rates on offer becoming lower when existing loans repay or are sold. What he said. 
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GeorgeT
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Post by GeorgeT on Jul 13, 2017 17:48:30 GMT
Is it conceivable that the 'bursts of liquidity' being created by repaying loans is in the main departing the Platform rather than being applied to new loans, new tranches or the SM, if this is the case could this not (in part) account for the higher than expected pre-fund allocations being reported or in a highly visible circa £7,000,000 SM queue? Anyone any thoughts? There was a time around 6 months ago that I had my funds split across 30+ loans, most if not all were 12%. Since that time we have had more and more new loans offering 8-10% and few offering 12%. As the 12% loans I hold either payback or reach my 100 day sell off limit, I am finding it harder to find replacement loans for that cash. I am currently invested in less than 20 loans and am not prepared to risk adding more funds to those. So, I either invest in lower interest loans OR move cash to alternative platforms which still offer 12%. I am doing the latter, so gradually reducing my funds with Lendy. I can only see this trend continuing as more of the 12% loans reach my 100 day limit and few replacement loans at 12% come in to replace them. That is my reason for slowly departing the platform. I suspect there may be others in a similar position who joined a 12% platform only to find the rates on offer becoming lower when existing loans repay or are sold. Pretty much the same situation I find myself in, although there are still a few high class, 12%, 300 day+ loans in which I would invest more but that is very difficult because everyone wants them and nobody wants to sell them. Also I used to operate a 60 day limit but was caught short and now I'm operating a loan size variable limit but it's as high as 280 - 300 days on the big loans, but small loans you can keep to a 60 day limit and still sell out safely. The effect is that I'm slowly exiting the platform as well and would expect to be gone by the end of the year.
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