Post by GeorgeT on Aug 22, 2017 21:10:16 GMT
I'm feeling frustrated.
My confidence level in Lendy has risen again in the past 2 months - due to the size of the SM reducing considerably; the improved communications; the glut of recent repayments and the confirmation that the P.Fund is still alive and kicking.
But in the past month or 2, we have been presented with no new 12% loans (unless I'm mistaken). All that ever pops up in the Pipeline are further tranches of existing, mega-big DFLs - which I either don't like or am already maxed out on.
The result is that my personal LY loan book is ageing and, because of my strategy of selling out early and keeping a newish portfolio, my total investment in LY is reducing steadily - against my wishes.
For all its well discussed faults I still love LY, and LY has been good to me. I'm just a bit concerned that of the 3 platforms I use, LY now has my lowest investment when it would still be No.1 with me if there was a steady stream of 'new' opportunites (not endless DFL tranches).
Do people think the lack of new loans is just a seasonal thing? Do the members here think we can expect things to spring back into life in September after the holiday season?
Or are general economic/political/Brexit uncertainties now starting to affect the level of new business? Or has the P2P marketplace become more competitive with other platforms cutting their margins to offer better rates to borrowers to win the business and LY aren't getting the loans??
I hope a new, 365 day, 12%, LY PBL at sub £2million hasn't become a thing of the past.
Any thoughts?
My confidence level in Lendy has risen again in the past 2 months - due to the size of the SM reducing considerably; the improved communications; the glut of recent repayments and the confirmation that the P.Fund is still alive and kicking.
But in the past month or 2, we have been presented with no new 12% loans (unless I'm mistaken). All that ever pops up in the Pipeline are further tranches of existing, mega-big DFLs - which I either don't like or am already maxed out on.
The result is that my personal LY loan book is ageing and, because of my strategy of selling out early and keeping a newish portfolio, my total investment in LY is reducing steadily - against my wishes.
For all its well discussed faults I still love LY, and LY has been good to me. I'm just a bit concerned that of the 3 platforms I use, LY now has my lowest investment when it would still be No.1 with me if there was a steady stream of 'new' opportunites (not endless DFL tranches).
Do people think the lack of new loans is just a seasonal thing? Do the members here think we can expect things to spring back into life in September after the holiday season?
Or are general economic/political/Brexit uncertainties now starting to affect the level of new business? Or has the P2P marketplace become more competitive with other platforms cutting their margins to offer better rates to borrowers to win the business and LY aren't getting the loans??
I hope a new, 365 day, 12%, LY PBL at sub £2million hasn't become a thing of the past.
Any thoughts?
