stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Dec 13, 2017 13:25:12 GMT
I also only got just over 50% of my setting star dust which I considered a bit puny so I've upped my AutoLend amount. Finding the right setting with UNB seems pure trial and error. I've been set at four figures in the past without receiving any discernible larger allocations of Loans. I am jealous ozboy. Only got 1/3rd of my setting and it only sucked up half my outstanding balance, after late loan repaid £350, suggests loads of cash sat on platform. The allocations level would suggest over £120k before the behemoth went through. Hopefully we see loads more going through this afternoon to soak up the other cash before people get more cash on tomorrow morning.
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Steerpike
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Post by Steerpike on Dec 13, 2017 13:28:28 GMT
Now that is what I call a payday loan.
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Post by dan1 on Dec 13, 2017 13:53:04 GMT
Now that is what I call a payday loan. Btw I believe the related loan is 2DFDC3EDA due on 11 Apr 2018 Edit: current LTV 61.08% protected by Provision Trust
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msenanna
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Post by msenanna on Dec 13, 2017 13:55:43 GMT
The £78k gold loan gave me just over half my max bid (£19) which is the highest single loan part I have had since opening my UB account. I got excited when I checked my emails to see one sent 20 mins previously about a loan for manual lending (and at 1.1%). Unfortunately all gone in obviously much less than 20 mins Ah well, I will stick with Autolend as am not in a position to be reacting to emails or even reading them as they come in. Do manual loans always go that fast? (I'm guessing they probably do, same as COL bling loans)
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Dec 13, 2017 13:59:45 GMT
The £78k gold loan gave me just over half my max bid (£19) which is the highest single loan part I have had since opening my UB account. I got excited when I checked my emails to see one sent 20 mins previously about a loan for manual lending (and at 1.1%). Unfortunately all gone in obviously much less than 20 mins Ah well, I will stick with Autolend as am not in a position to be reacting to emails or even reading them as they come in. Do manual loans always go that fast? (I'm guessing they probably do, same as COL bling loans) Any unusual loans like this are usually not auto allocated but instead have an email sent. This was the same for the tiddlers under £1500 until the introduction of the £5 ballot system. Not everyone would be happy with the risk return on this one and its short duration.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Dec 13, 2017 14:15:20 GMT
Quite.
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msenanna
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Post by msenanna on Dec 13, 2017 14:43:26 GMT
The £78k gold loan gave me just over half my max bid (£19) which is the highest single loan part I have had since opening my UB account. I got excited when I checked my emails to see one sent 20 mins previously about a loan for manual lending (and at 1.1%). Unfortunately all gone in obviously much less than 20 mins Ah well, I will stick with Autolend as am not in a position to be reacting to emails or even reading them as they come in. Do manual loans always go that fast? (I'm guessing they probably do, same as COL bling loans) Any unusual loans like this are usually not auto allocated but instead have an email sent. This was the same for the tiddlers under £1500 until the introduction of the £5 ballot system. Not everyone would be happy with the risk return on this one and its short duration. Thank you for the explanation. Sounds like I am not missing out too much on that loan. I like the autolend function and its drip feed effect so shall not hunt the manual loans.
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Post by dan1 on Dec 13, 2017 14:46:11 GMT
I was comfortable with the risks to lend to this HNW individual. My decision was based not on the financial position (i.e. the payday loan element) but on the 2nd charge on the diamond, which is held by Unbolted as collateral for a separate loan, which itself is protected by the Provision Trust and has a current LTV of 61% against a valuation less than half of what this individual purchased the diamond for. The big risk, as I see it, is will the disposal of such a high value diamond realise the value of both the existing loan and this loan and I guess that depends on the market for such diamonds at the time of disposal.... anyway I hope it doesn't reach this stage.
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Post by df on Dec 13, 2017 15:17:02 GMT
Quite a large £78k Gold Trust 0.65% loan has just been allocated. I've got a low autolend target on these type of loans and I was allocated just over 50% of my target on this loan. That's fine by me as it's not out of proportion with other above average allocations I have on some other loans, but it illustrates the dangers of gaming if your target is considerably higher than you really want. I suspect some people might have got a bit caught out on this. Interesting! I was allocated only 10% of my target on 'gold' loans. I wonder if anyone knows how exactly the loan parts are distributed? I've set my targets for 'Gold' and 'Trust' at much higher than I really want, but I never get any near to these targets.
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star dust
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Post by star dust on Dec 13, 2017 15:20:40 GMT
Likewise, they have the borrower's diamond ring in their possession already, and although it is a second charge and ends up close to 100% LTV if you include interest (at a glance didn't actually work it out), I thought that was good enough for a small punt. However, once again I have the forum to thank for being able to do so. I was oblivious until I spotted a post about it here, luckily there was just under £2k still left - transpires my Unbolted email had been sent to the junk folder which is the first time this has ever happened with their emails. In Edit: Just under £600 left now if anyone still fancies some Edit: Gone - noticed at 15:40
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Dec 13, 2017 15:25:20 GMT
I was comfortable with the risks to lend to this HNW individual. My decision was based not on the financial position (i.e. the payday loan element) but on the 2nd charge on the diamond, which is held by Unbolted as collateral for a separate loan, which itself is protected by the Provision Trust and has a current LTV of 61% against a valuation less than half of what this individual purchased the diamond for. The big risk, as I see it, is will the disposal of such a high value diamond realise the value of both the existing loan and this loan and I guess that depends on the market for such diamonds at the time of disposal.... anyway I hope it doesn't reach this stage. I cannot see things getting that far on this loan either dan1. It would be an interesting learning point to see the impact on reserve price, if any is set, for the item at auction. Already confirmed that capital and interest would be paid on first charge loan before anything to second charge by email conversation.
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star dust
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Post by star dust on Dec 13, 2017 15:27:01 GMT
Quite a large £78k Gold Trust 0.65% loan has just been allocated. I've got a low autolend target on these type of loans and I was allocated just over 50% of my target on this loan. That's fine by me as it's not out of proportion with other above average allocations I have on some other loans, but it illustrates the dangers of gaming if your target is considerably higher than you really want. I suspect some people might have got a bit caught out on this. Interesting! I was allocated only 10% of my target on 'gold' loans. I wonder if anyone knows how exactly the loan parts are distributed? I've set my targets for 'Gold' and 'Trust' at much higher than I really want, but I never get any near to these targets. Well I'm beginning to wonder, given the variable %target reported today. However, I understood it was supposed to be based on your target and the amount of cash you have in your account, so if there wasn't enough to fulfil the target it would be downgraded in some way. Either that was posted/confirmed here somewhere or quite possibly I had an on-line chat about it with Unbolted when I first signed up with them. I'll post back if I find anything here.
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Post by df on Dec 13, 2017 15:39:56 GMT
The £78k gold loan gave me just over half my max bid (£19) which is the highest single loan part I have had since opening my UB account. I got excited when I checked my emails to see one sent 20 mins previously about a loan for manual lending (and at 1.1%). Unfortunately all gone in obviously much less than 20 mins Ah well, I will stick with Autolend as am not in a position to be reacting to emails or even reading them as they come in. Do manual loans always go that fast? (I'm guessing they probably do, same as COL bling loans) Congratulations on £19! I got much more of this loan than ever before. It is probably because 78k is a very large loan in comparison to most Unb loans. I recall some of them were as small as below £200. The loan at 1.1% was gone in few minutes. I was too late for it, but not too disappointed as I didn't particularly like the security arrangement (or lack of it). These non-standard loans are rare. Some of them go in seconds, but some stay available for manual investment for few days and have no limit on how much you can invest. It is also good to keep in mind that they are not covered by provision fund.
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Post by df on Dec 13, 2017 15:47:55 GMT
Likewise, they have the borrower's diamond ring in their possession already, and although it is a second charge and ends up close to 100% LTV if you include interest (at a glance didn't actually work it out), I thought that was good enough for a small punt. However, once again I have the forum to thank for being able to do so. I was oblivious until I spotted a post about it here, luckily there was just under £2k still left - transpires my Unbolted email had been sent to the junk folder which is the first time this has ever happened with their emails. In Edit: Just under £600 left now if anyone still fancies some Edit: Gone - noticed at 15:40 I logged on soon after the e-mail and it was already sold out. I don't understand why it keeps appearing and disappearing again?
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Post by dan1 on Dec 13, 2017 15:54:50 GMT
I was comfortable with the risks to lend to this HNW individual. My decision was based not on the financial position (i.e. the payday loan element) but on the 2nd charge on the diamond, which is held by Unbolted as collateral for a separate loan, which itself is protected by the Provision Trust and has a current LTV of 61% against a valuation less than half of what this individual purchased the diamond for. The big risk, as I see it, is will the disposal of such a high value diamond realise the value of both the existing loan and this loan and I guess that depends on the market for such diamonds at the time of disposal.... anyway I hope it doesn't reach this stage. I cannot see things getting that far on this loan either dan1. It would be an interesting learning point to see the impact on reserve price, if any is set, for the item at auction. Already confirmed that capital and interest would be paid on first charge loan before anything to second charge by email conversation. ... and Unbolted fees on the 1st charge loan before the 2nd charge principal, I assume
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