david42
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Post by david42 on Apr 9, 2017 18:22:18 GMT
I checked out a few examples given online but none of them have an example of anything more complex than a single part or full transfer. Thanks. I recommend reading the 4th Way ISA guide which provides a clear overview of the IFISA rules, including the rules on ISA transfers.
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david42
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Post by david42 on Apr 5, 2017 19:50:04 GMT
Good point, gt94sss2. I had overlooked that significant constraint. I was wrongly assuming we could choose when to use the losses.
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david42
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Post by david42 on Apr 5, 2017 17:49:23 GMT
No valuation as to the sum of the parts, LTV as the craft stands is 100%. This is sort of like a DFL loan on saving stream. No instant returns?!? The borrowing proposal, downloadable from the documents section, says there are instant returns. stevio watch the currencies. The light blue table on page 6 of the borrower proposal says the purchase price is $400k, not £400k. Some of the documentation is in pounds and some is in dollars.
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david42
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Post by david42 on Apr 5, 2017 15:10:38 GMT
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david42
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Post by david42 on Apr 3, 2017 10:16:18 GMT
I vote for demo1 rather than demo3 because 0 days left does not reflect a significant change in the character of these high risk bridging loans. On demo3 the green line will drop when loans cross 0 days but the loan availability has not changed. The demo1 view makes it easier to see that the total availability has not changed.
But I also agree with ablender that if you try to satisfy us all it will drive you mad.
Thank you for creating a very useful tracker.
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david42
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Post by david42 on Apr 3, 2017 8:59:34 GMT
A convenient overview list. Thank you A few suggestions: - I spotted one minor correction: The Money Platform loans are for 3 to 12 weeks, not 3 to 12 months.
- I am surprised to see Funding Secure min and max rates are both 13%. I don't use this platform, but their front page is offering loans at 13% and 14% today.
- I cannot see Funding Circle on the list.
- It would be easier to read if the list headings could stay on display when you scroll down the list.
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david42
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Post by david42 on Mar 24, 2017 22:02:36 GMT
George has been too busy replying to me. He insists that PBL145 is showing in the Available Loans list, but it does not appear on my computer. Is it possible that the item is hidden from the seller? Can anyone else see/not see PBL145? Are you using Jonah's Orisk's filtering add-on by any chance? Remember that hides selected loans by design.
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david42
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Post by david42 on Mar 19, 2017 15:41:48 GMT
I prefer the right graph.
When large Saving Stream loans click over the artificial 180 day boundary for defaults, the top line on the left graph will show sudden drops. By stacking the lines in the right graph, the top line shows the total secondary market availability - a useful visual indicator that is missing from the left hand graph.
Whichever display you choose, these graphs provide a helpful overview of the way the secondary market volumes are changing. I use these graphs regularly to get a feel of how the market is moving to assist my planning of secondary market trades. Thank you, Jonah.
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david42
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Post by david42 on Mar 17, 2017 22:08:18 GMT
The IFISA fees are specified at the bottom of the IFISA terms and conditions . The link to the IFISA terms and conditions does not seem to be visible until you register.
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david42
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Post by david42 on Mar 16, 2017 14:31:56 GMT
With regard fees, fine if you invest now and leave subscription invested but what about if bond repays and no other opportunity to reinvest in. Leave cash earning nothing & accruing fees or flex out, would it be liable to new fee structure when flexed back in? Seems a little vague which worries me when it comes to finacial promotions, less than a month of certainty. Feels like theyve rush launched before product fully worked out. It is a flexible ISA, so I plan to withdraw any idle cash. The tarif section at the end of the terms and conditions is quite explicit that the 1% fee is applied only to the " actual account balance" and it is " applied pro-rata for periods only where the account has a positive balance of cash and/or securities". This reads to me as if they are expecting us to operate the account so that we do not leave idle cash there, so that we only pay the 1% fee while we have cash usefully invested in a loan. While waiting for a loan, all we would be missing out on is the opportunity cost of not using our ISA allowance on another platform.
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david42
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Post by david42 on Mar 16, 2017 8:21:46 GMT
Thank you, IlMoro. I had not realised that text was a link. Here is the link for those like me who struggle to find it: ISA applicationThe last note about fee structure in the new financial year is worrying. Changes to the fee structure do not affect a decision to invest now because the tarif section at the end of the terms and conditions says any new fee structure would only apply to investments made after 5th April 2007: "The following interim fee charges will apply for investments made before 5th April 2017. An annual fee of 1% plus VAT per annum will be charged on the amount invested in your Property Crowd ISA. The fee shall be applied pro-rata for periods only where the account has a positive balance of cash and/or securities and shall be applied to the actual account balance. Such pro-rata annual fee amount shall be deducted from the amount returned to your ISA upon redemption of any bonds held in your ISA. *A new fee tariff that will apply after 5th April 2017. We will publish details of the new fee tariff in this section once details are final."I cant see where it says no transfers until after new financial year. Half way down the FAQs they say they won't accept ISA transfers until after 7 April: "Can I transfer money held by another ISA provider to my new Property Crowd ISA? You can transfer your ISA from one provider to another, and from one kind of ISA to another (e.g. from a Cash ISA to an Innovative Finance ISA), at any time. Transfers must be made in cash, you will not be able to appoint another ISA manager to hold bonds issued on Property Crowd and you cannot transfer other investments into your Property Crowd ISA. *Please note that we intend to only accept ISA transfer applications after 7th April 2017. "
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david42
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Post by david42 on Mar 16, 2017 0:15:29 GMT
charles , where do we get an ISA application form? I cannot find the form on the website. Thank you
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david42
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Post by david42 on Mar 16, 2017 0:14:08 GMT
Property Crowd ISA Launched today
Charge 1% pa Flexible yes Transfers In yes, but after 6th April 2017 only
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david42
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Post by david42 on Mar 15, 2017 23:28:41 GMT
New loan lanched today. Title PC3 S****** B******** Milton Keynes Loan Amount £ 2,845,000 of which £1,388,757 is available from Property Crowd Security Value £ 5,425,000 LTV Based on Security Value 52.45% 90 Day Market Valuation ?? LTV Based on 90 day Market Valuation ?? Rate 10.2% Term 6 months Exit Route: Heads of agreement in place to sell the property for £7m. Presumably if that sale goes through it provides the funds to repay our loan. I have not got my head around the risks that might prevent us getting paid back. ISA available, at a charge of 1% pa. I have only skimmed the documents so far. I have no comments to add to the basic facts. Please use this thread to capture any comments on the loan. Hopefully charles will be able to address any concerns.
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david42
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Post by david42 on Mar 9, 2017 19:43:43 GMT
As you have told us you cannot cancel the sale that means you are at the head of the queue. It also tells you what percentage has been sold. So you can calculate how much you need to buy so that you buy your own part and no one else's. I normally round it up by 1% to ensure I don't leave my loan part still unsold for the sake of a small rounding error.
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