coop
Member of DD Central
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Post by coop on Aug 16, 2018 10:17:37 GMT
Birkenhead Tranche A had LTV 46% and it looks like a substantial haircut is predicted there. Paisley has just defaulted with a LTV of 42%. This is P2P, nothing is certain except valuations are plucked from thin air and the FCA don't give a damn. But this isn't a random surveyor valuation. There is a compulsory purchase order. "Legals are still progressing with respect to the sale to TfL. Whilst we have been asked not to disclose the agreed price at this stage, we can confirm that it is in excess of £1m." And there-in lies the difference! Same with the High Speed 2 thing with sweetland. would be very surprised if either of these lost capital.
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Post by mrclondon on Aug 16, 2018 11:16:35 GMT
Birkenhead Tranche A had LTV 46% and it looks like a substantial haircut is predicted there. Paisley has just defaulted with a LTV of 42%. This is P2P, nothing is certain except valuations are plucked from thin air and the FCA don't give a damn. But this isn't a random surveyor valuation. There is a compulsory purchase order. "Legals are still progressing with respect to the sale to TfL. Whilst we have been asked not to disclose the agreed price at this stage, we can confirm that it is in excess of £1m." The main underlying risk to the CPO here is political - if for some (admitedly very unlikely) reason the mayor decides to withdraw support for the removal of the dreaded 1960'/70's London gyratories, or if a major redesign of this particular scheme takes place. I live close to one of the gyratories on the removal list so have been following the subject in some detail. Studies of the two that were completed last year (Elephant & Castle and Archway) are ongoing, and the rest of the program depends on positive modelling of the real data from the completed schemes into the ones still on the drawing board. I regularly drive through Elephant & Castle and personally I consider it a major improvement, and I understand the Archway scheme has also improved traffic flows. However, I have heard from someone living near the Hanger Lane gyratory (A40/North Circular Junction) that recent modelling has shown today's 8 lane nightmare is actually pretty optimal ( ! ).
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coop
Member of DD Central
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Post by coop on Aug 31, 2018 9:24:30 GMT
Can't believe I missed a £700 chunk of bling earlier! Edit: and another £200 an hour later!
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drgonzo
Member of DD Central
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Post by drgonzo on May 30, 2019 21:50:02 GMT
What's on the SM? Almost everything!
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IFISAcava
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Post by IFISAcava on May 30, 2019 21:57:26 GMT
What's on the SM? Almost everything! unfortunately I've run out of spare cash, and no deposits being processed this time of night!
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Post by Deleted on May 30, 2019 21:59:23 GMT
lots of tasty stuff there i haven't seen in ages...
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IFISAcava
Member of DD Central
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Post by IFISAcava on May 30, 2019 23:59:12 GMT
lots of tasty stuff there i haven't seen in ages... but will it still be there when my new money arrives tomorrow?!
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Post by Ace on May 31, 2019 0:12:51 GMT
lots of tasty stuff there i haven't seen in ages... but will it still be there when my new money arrives tomorrow?! Some of it won't be. Sorry.
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Post by investor1925 on May 31, 2019 7:35:00 GMT
Somebody's panicking !!!!!!!!!!!!!!!!
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IFISAcava
Member of DD Central
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Post by IFISAcava on May 31, 2019 7:51:38 GMT
Somebody's panicking !!!!!!!!!!!!!!!! Me - as I can't get my deposit credited quickly enough to buy!
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sj
Member of DD Central
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Post by sj on May 31, 2019 9:17:55 GMT
Do you remember when Collateral was still running and they were actively engaging people on this forum? They then stopped, and some time later they were placed into administration? Do you remember when Lendy was still running and they were actively engaging people on this forum? They then stopped, and some time later they were placed into administration? Do you remember when Moneything were actively engaging people on this forum? They then stopped, and...
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hazellend
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Post by hazellend on May 31, 2019 9:21:39 GMT
Do you remember when Collateral was still running and they were actively engaging people on this forum? They then stopped, and some time later they were placed into administration? Do you remember when Lendy was still running and they were actively engaging people on this forum? They then stopped, and some time later they were placed into administration? Do you remember when Moneything were actively engaging people on this forum? They then stopped, and...
Wow, really smart comment
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IFISAcava
Member of DD Central
Posts: 3,683
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Post by IFISAcava on May 31, 2019 9:25:24 GMT
Somebody's panicking !!!!!!!!!!!!!!!! Me - as I can't get my deposit credited quickly enough to buy! Just in time to get some more pawn - electronics all gone unfortunately
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averageguy
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Post by averageguy on May 31, 2019 9:33:48 GMT
Do you remember when Collateral was still running and they were actively engaging people on this forum? They then stopped, and some time later they were placed into administration? Do you remember when Lendy was still running and they were actively engaging people on this forum? They then stopped, and some time later they were placed into administration? Do you remember when Moneything were actively engaging people on this forum? They then stopped, and...
The engagement of Lendy and Collateral was never the same as MT ..imho......as regards too updates on their website no comparison ..I take it you are the one selling. On a different point...i’m surprised it’s taken this long for their to be more available on their SM.....some ripple effect re Lendy is inevitable
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applets
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Post by applets on May 31, 2019 9:35:09 GMT
Somebody's panicking !!!!!!!!!!!!!!!! Perhaps because of concern about the quality of the various defaulted, non-performing and tradeable loans and the possibility that MT may be in more difficulty than some lenders give them credit. When MT moved into property loans a couple of years ago they suggested that this was where they had particular skills. The proportion of the loan book that has got into difficulty perhaps suggests otherwise. While it is laudable that MT are devoting significant time and resource to addressing the problems, there has been a lack of any new loans - notwithstanding the appointment of a member of staff with a job description that appears to include "to support lending applications and to help MT grow". Non-performing loans and a lack of new loans does no favours for lenders and, one assumes, greatly reduces platform income. The question in some people's minds therefore will be whether MT will be a survivor. With regards the pawn loans, attention has previously been drawn by others on the Forum to the accounts of the borrower and the support required from a parent company to cover past losses. It is of course quite possible that MT remain a solid platform, the loans will all come good and there is justification for lenders to invest more money. However, it is apparent from today's secondary market and the postings of some others on the Forum that this view is not universally shared. Everyone is of course entitled to their own opinion.
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