rogerbu
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Post by rogerbu on Jun 28, 2017 9:41:12 GMT
I'm confused. AE620 et al renewed this morning for 6 months. I thought that all AE loan were due to be repaid on 31/7/17 unless they matured before that date.
Did I not understand?
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SteveT
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Post by SteveT on Jun 28, 2017 9:43:35 GMT
I'm confused. AE620 et al renewed this morning for 6 months. I thought that all AE loan were due to be repaid on 31/7/17 unless they matured before that date. Did I not understand? The "Stocking Loans" are renewing. "Grouped Asset" loans are not.
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dawn
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Post by dawn on Jun 28, 2017 9:45:09 GMT
The stocking loans are continuing - it is only the 80% LTV ones that are due to repay at the end of July
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Post by ladywhitenap on Jun 28, 2017 10:21:44 GMT
I've just realised quite how much money these maturing loans will bring onto the platform.
In my case is is about 25% of my MT exposure and all 12% that will need re-homing.
I wonder What MT have up their sleeves? It would be a shame to see too much disappear off the platform.
LW
Edit: I make it £3.295m
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Post by Butch Cassidy on Jun 28, 2017 10:35:17 GMT
I've just realised quite how much money these maturing loans will bring onto the platform. In my case is is about 25% of my MT exposure and all 12% that will need re-homing. I wonder What MT have up their sleeves? It would be a shame to see too much disappear off the platform. LW Edit: I make it £3.295m Might I suggest that an IFISA would fit the bill & provide an attractive solution all round? Large numbers of existing MT investors will find themselves in a similar position to you, I include myself
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mikeh
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Post by mikeh on Jun 28, 2017 10:38:49 GMT
I've just realised quite how much money these maturing loans will bring onto the platform. In my case is is about 25% of my MT exposure and all 12% that will need re-homing. I wonder What MT have up their sleeves? It would be a shame to see too much disappear off the platform. LW Edit: I make it £3.295m I don't know if Leeds is still on the cards but it would seem to fit the bill rather nicely.
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rogerbu
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Post by rogerbu on Jun 28, 2017 10:39:21 GMT
We don't just want an IFyISA we need some new good loans within it!
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Post by ladywhitenap on Jun 28, 2017 10:40:46 GMT
Yes a good shout. Must check up on where "my platforms" are in terms of IFISAs. Ablrate have been doing some recent testing with theirs, I don't think I want to extend my exposure/commitment to Lendy right now if ever.
LW
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Post by ladywhitenap on Jun 28, 2017 10:47:41 GMT
I've just realised quite how much money these maturing loans will bring onto the platform. In my case is is about 25% of my MT exposure and all 12% that will need re-homing. I wonder What MT have up their sleeves? It would be a shame to see too much disappear off the platform. LW Edit: I make it £3.295m I don't know if Leeds is still on the cards but it would seem to fit the bill rather nicely. I can't seem to find a "leeds" in the pipeline update of 23rd June - do you have a pointer please? LW
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mikeh
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Post by mikeh on Jun 28, 2017 10:56:06 GMT
I don't know if Leeds is still on the cards but it would seem to fit the bill rather nicely. I can't seem to find a "leeds" in the pipeline update of 23rd June - do you have a pointer please? LW It was the subject of This thread
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dovap
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Post by dovap on Jun 28, 2017 18:46:37 GMT
Thanks to some junk mail I see AE are pitching a bond on Crowd for Angels @ 12% couldn't to tell if thats on 'stocking' or 'grouped' tbh
Wonder if this is their exit route from MT ?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 28, 2017 18:58:06 GMT
Thanks to some junk mail I see AE are pitching a bond on Crowd for Angels @ 12% couldn't to tell if thats on 'stocking' or 'grouped' tbh Wonder if this is their exit route from MT ? Its grouped but its not the exit ... only 300k ... they have also raised short term finance privately via another CF angel platform ... but again only interim until the main debt/equity refinance is secured.
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r00lish67
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Post by r00lish67 on Jul 6, 2017 9:32:36 GMT
I assume the answer to this question is 'yes' given previous comments, but does anyone here see the value of continuing to hold these loans on MT? I've held them up until now, but with less than a month to run assuming the re-financing comes off, and a tidal wave of red flags being raised about the car financing industry in general, is there the value in waiting to find out the gripping finale? Given their track record I'd still expect MT to come through, but nevertheless to me it just seems like quite a reasonable amount of risk to be taking for very little reward at this stage, given a swift exit at par can be easily achieved. I am not writing this to try and buy more AE loans
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Post by elephantrosie on Jul 6, 2017 9:56:57 GMT
what is the problem with car financing industry in general?
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r00lish67
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Post by r00lish67 on Jul 6, 2017 10:09:40 GMT
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