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    • thenewcomer
    • By thenewcomer 2nd Mar 18, 11:31 PM
    • 93 Posts
    • 20 Thanks
    thenewcomer
    4thway has not done a review on abl before. do we know why?
    • economic
    • By economic 3rd Mar 18, 12:44 AM
    • 2,940 Posts
    • 1,586 Thanks
    economic
    Ratesetter website is down for "maintenance". Could we see a repeat of another Collateral???
    • TheShape
    • By TheShape 3rd Mar 18, 12:53 AM
    • 1,287 Posts
    • 1,097 Thanks
    TheShape
    Ratesetter website is down for "maintenance". Could we see a repeat of another Collateral???
    Originally posted by economic
    It probably is down for maintenance given it's the early hours of the morning. The problem now is that every time a site goes down for maintenance someone will be concerned. Of course, lots of sites go down for maintenance at times.
    • fun4everyone
    • By fun4everyone 3rd Mar 18, 1:25 AM
    • 987 Posts
    • 1,520 Thanks
    fun4everyone
    Of course, lots of sites go down for maintenance at times.
    Originally posted by TheShape
    They do and Collateral's notice of "server upgrades" did buy them over 24 hours before people started to get truly worried. The removal of all contact details from the holding page, emails going unanswered plus their phone going straight to voicemail also led people to realise something was up.
    Last edited by fun4everyone; 03-03-2018 at 4:06 AM.
    • Fatbritabroad
    • By Fatbritabroad 3rd Mar 18, 6:00 AM
    • 353 Posts
    • 191 Thanks
    Fatbritabroad
    All fine now
    • penelopea
    • By penelopea 3rd Mar 18, 10:21 AM
    • 10 Posts
    • 0 Thanks
    penelopea
    Ratesetter website is down for "maintenance". Could we see a repeat of another Collateral???
    Originally posted by economic




    They dont work at the weekend on Ratesetter. Nothing moves till Monday .The problem with Collateral was technicalites with the FCA according to contact from their administrators . We may see them return ,but the administrto will take a fee ,no doubt slicing off our interest /capital. Ratesetter has adifferent set up and as the FCA has approved their ISA ,its probably OK .
    Last edited by penelopea; 03-03-2018 at 10:26 AM. Reason: /
    • thenewcomer
    • By thenewcomer 3rd Mar 18, 9:06 PM
    • 93 Posts
    • 20 Thanks
    thenewcomer
    ratesetter is more stable than col, so i have no worries.
    • takesyourchances
    • By takesyourchances 6th Mar 18, 10:43 PM
    • 620 Posts
    • 391 Thanks
    takesyourchances
    On the P2P forum seems a bit of movement with Collateral behind the scenes with some getting deposit notice emails. Hopefully we get some information soon and the homepage has changed from the "server" notice.

    This has been my most quiet week with P2P in a long while I just re-invested my interest payments in Ablrate and a small deposit with Unbolted, nothing more.

    I see MT has another property loan due, no interest in these and no major movement on the defaults yet. It'll take time to reduce the property down on MT.

    I have added to cash to bring my level up more and added to S&S.

    Hopefully some more news develops with Collateral with the work going on in the background.
    Last edited by takesyourchances; 06-03-2018 at 10:46 PM.
    • ag120
    • By ag120 7th Mar 18, 4:45 AM
    • 34 Posts
    • 24 Thanks
    ag120
    There is a loan on MT that it would seem we are banned from talking about online and certainly in the p2p forum. Does anyone know why? I'm not a big fan of censorship.
    • smjxm09
    • By smjxm09 7th Mar 18, 6:12 AM
    • 508 Posts
    • 145 Thanks
    smjxm09
    Something to hide is never a good starting point when they want your money.
    • takesyourchances
    • By takesyourchances 7th Mar 18, 10:48 AM
    • 620 Posts
    • 391 Thanks
    takesyourchances
    It's certainly not for me that loan and censorship does not add confidence in a development loan that's open to all sorts of construction problems. I'm more interested in seeing a recovery take place on a MT development loan than more appear.
    • fun4everyone
    • By fun4everyone 7th Mar 18, 11:07 AM
    • 987 Posts
    • 1,520 Thanks
    fun4everyone
    The MT loan is not for me either, waiting to see how all the defaults are handled (I am in most of them).

    I don't agree with censorship in this case of the MT loan either but I do understand why somethings are kept under wraps sometimes.
    • AdrianC
    • By AdrianC 7th Mar 18, 11:28 AM
    • 17,385 Posts
    • 15,735 Thanks
    AdrianC
    I don't agree with censorship in this case of the MT loan either but I do understand why somethings are kept under wraps sometimes.
    Originally posted by fun4everyone
    It fairly clearly isn't "censorship", especially on the part of MT. The loan page explains exactly which third party are requiring confidentiality.
    • takesyourchances
    • By takesyourchances 7th Mar 18, 11:40 AM
    • 620 Posts
    • 391 Thanks
    takesyourchances
    The MT loan is not for me either, waiting to see how all the defaults are handled (I am in most of them).

    I don't agree with censorship in this case of the MT loan either but I do understand why somethings are kept under wraps sometimes.
    Originally posted by fun4everyone
    I've 750 in the default MT loans, 2 built properties under recovery sale the rest development loans. I'm finished with unbuilt development loans with aim to reduce. Too much risk. Others with Collateral as well. I've bought off plan property myself and know the risks of construction problems too well, thankfully they are ok but known others that have not been. So I am out of these going forward now

    I'm buying equilty now instead in some built properties on property partner for a different approach and for general interest in it too in 250 chunks here and there.
    • AlanP
    • By AlanP 7th Mar 18, 12:31 PM
    • 1,180 Posts
    • 851 Thanks
    AlanP
    It's certainly not for me that loan and censorship does not add confidence in a development loan that's open to all sorts of construction problems. I'm more interested in seeing a recovery take place on a MT development loan than more appear.
    Originally posted by takesyourchances
    It's a Bridging Loan not a Development Loan and no censorship, just one party with an interest enforcing their confidentiality agreement that they have in place with the borrower.

    Unfortunate, minimises opportunity for shared DD and will put people off but censorship is too strong a term I think.

    I'm not investing in it because I am up to my limit on MT and on property backed loans in general but if I wasn't then I would be in as terms, timescale and assets look good at first perusal.

    NOTE - Not advice, do your own Due Diligence and reach your own conclusions.
    • takesyourchances
    • By takesyourchances 7th Mar 18, 1:19 PM
    • 620 Posts
    • 391 Thanks
    takesyourchances
    It's a Bridging Loan not a Development Loan and no censorship, just one party with an interest enforcing their confidentiality agreement that they have in place with the borrower.

    Unfortunate, minimises opportunity for shared DD and will put people off but censorship is too strong a term I think.

    I'm not investing in it because I am up to my limit on MT and on property backed loans in general but if I wasn't then I would be in as terms, timescale and assets look good at first perusal.

    NOTE - Not advice, do your own Due Diligence and reach your own conclusions.
    Originally posted by AlanP
    Ah thanks for the correction I'm finished with the property type loans in general also with MT, especially with waiting on any recovery. I've 3000 with MT still, 750 in defaults out of that so I think I'd need my head looked at throwing more their way with nothing back yet on the defaults.

    I'm keeping ablrate and be looking for mainly amortlising loans now going forward. I like also a lot are amortlising in general there.

    On another note property partners latest commercial property looks interesting for a next buy for me there.
    • keyboardworrier
    • By keyboardworrier 7th Mar 18, 1:35 PM
    • 80 Posts
    • 93 Thanks
    keyboardworrier
    I keep an eye out for property loans on Kuflink, they pay 6-7% and Kuflink take the first 20% of any losses if they should occur in the event of a shortfall after a default. They seem to be moving in the direction of DFL's now too so I've not invested anything for a while.

    Also I am pleased to see that there's movement going on behind the scenes at Collateral (including a minor update to the holding page on their website), I am quite positive about the situation.
    Last edited by keyboardworrier; 07-03-2018 at 1:43 PM.
    • fun4everyone
    • By fun4everyone 8th Mar 18, 11:04 AM
    • 987 Posts
    • 1,520 Thanks
    fun4everyone
    My source is a random post on the p2p forum which ranks up there with citing the daily mail BUT

    ABL have contacted the administrators to see 'if there's anything they can do to help'
    Sounds interesting.....

    On looking further, the official ablrate rep on that forum "ablrate" posted this yesterday

    We have contacted the administrators to see if there is anything we can do to assist.
    Last edited by fun4everyone; 08-03-2018 at 11:10 AM.
    • thenewcomer
    • By thenewcomer 8th Mar 18, 9:35 PM
    • 93 Posts
    • 20 Thanks
    thenewcomer
    not investing in any new loans on abl or mt or any other p2p platforms.
    i need to top up my isa as the new tax year is just round the corner!
  • jamesd
    There is a loan on MT that it would seem we are banned from talking about online and certainly in the p2p forum. Does anyone know why? I'm not a big fan of censorship.
    Originally posted by ag120
    The rules of that other forum do not apply here so you're free to completely ignore them.

    However, the protection provided by some types of product can be reduced or eliminated if it's known that the product is in use, which is why the restriction on that specific detail exists and should be respected.

    It's a bit like the solicitor who knew that glass in tall buildings is safe so had a practice of banging against them. Worked well until he encountered a faulty panel and fell to his death. Disclose the potential fault and you could make it more likely for someone to try it, increasing the risk beyond what was expected.
    Last edited by jamesd; 10-03-2018 at 6:35 PM.
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