Ukmikk
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Post by Ukmikk on Nov 9, 2017 15:43:44 GMT
Could it be that previously you were allocated larger loan parts than you get now? This could happen due to increased number of investors. I haven't noticed any recent decrease in number of new loans. The overdue list seems to be consistent too. I think that is correct df, the average allocation is much smaller now, so the repayments I'm now receiving are much greater than the new investments. Unfortunately the Unbolted loan pipeline has not increased in line with the investor base, yet they show no signs of managing the imbalance. I guess they are hoping we will all get frustrated and throw all our cash into the unfilled (and unprotected) business loans.
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edward
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Post by edward on Nov 9, 2017 16:23:20 GMT
I topped up funds late yesterday after the first "sales advance" loan took most of my balance. Much of this has now been allocated to a second such loan. So my balance continues to slowly increase. A bit concerned about the high exposure compared to the regular £5ish allocations, especially as they are unprotected, but reasonably comfortable when viewed as part of my overall p2p portfolio.
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Post by df on Nov 9, 2017 16:47:48 GMT
I think that is correct df , the average allocation is much smaller now, so the repayments I'm now receiving are much greater than the new investments. Unfortunately the Unbolted loan pipeline has not increased in line with the investor base, yet they show no signs of managing the imbalance. I guess they are hoping we will all get frustrated and throw all our cash into the unfilled (and unprotected) business loans. I don't think we can expect any significant increase in number of loans. Pawn loans are rare (to compare with other types) and they are the most popular. If you look at other platforms (FS/Col/MT), these loans are almost disappeared and it is very difficult to get any bite in renewals because existing investors roll-over their funds. I don't really know what Unbolted strategy is, but I don't think they are trying to frustrate or trick lenders into unsecured loans. I think it is just the reality of trade and Unbolted is doing a very good job getting as many of bling loans as possible and offering protection for most of them. I'm also quite happy to invest in unprotected "business" loans offered on platform (with self-imposed limit par loan). They sound much more secure to me than usual property and SME loans on other platforms.
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Post by df on Nov 9, 2017 17:06:23 GMT
I topped up funds late yesterday after the first "sales advance" loan took most of my balance. Much of this has now been allocated to a second such loan. So my balance continues to slowly increase. A bit concerned about the high exposure compared to the regular £5ish allocations, especially as they are unprotected, but reasonably comfortable when viewed as part of my overall p2p portfolio. Yes, they come out of the blue and can drain your waiting funds in one go... and you can't replace your funds immediately, thus it can jeopardise your possible investment opportunities in protected loans on that day. Good strategy could be to reduce your minimum investment in your settings for "business" loans - in my observation these loans are staying available for long enough to deposit more cash and invest more in them if you wish to do so.
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edward
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Post by edward on Nov 9, 2017 17:32:36 GMT
Good point. I just checked, and I was already at a lower level for unprotected. They do tend to be larger value as you say, and so I have reduced my limit further for this category.
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Ukmikk
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Post by Ukmikk on Nov 9, 2017 17:33:38 GMT
I think that is correct df , the average allocation is much smaller now, so the repayments I'm now receiving are much greater than the new investments. Unfortunately the Unbolted loan pipeline has not increased in line with the investor base, yet they show no signs of managing the imbalance. I guess they are hoping we will all get frustrated and throw all our cash into the unfilled (and unprotected) business loans. I don't think we can expect any significant increase in number of loans. Pawn loans are rare (to compare with other types) and they are the most popular. If you look at other platforms (FS/Col/MT), these loans are almost disappeared and it is very difficult to get any bite in renewals because existing investors roll-over their funds. I don't really know what Unbolted strategy is, but I don't think they are trying to frustrate or trick lenders into unsecured loans. I think it is just the reality of trade and Unbolted is doing a very good job getting as many of bling loans as possible and offering protection for most of them. I'm also quite happy to invest in unprotected "business" loans offered on platform (with self-imposed limit par loan). They sound much more secure to me than usual property and SME loans on other platforms. I largely agree with your comments, and I'm just letting my frustration show. Apologies. However I do think Unbolted could do more to support their existing investors. Eg. Limit the supply of new funds or allow existing investors to rollover where loans are renewed. I too have invested in business loans within sensible limits but I am wary of putting too much cash into any individual loan, particularly as they are not protected.
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Post by beeje13 on Nov 9, 2017 18:20:58 GMT
Have the recent business loans come under the 'bespoke' auto lend? I don't have auto lend on for those, but I've manually allocated on 2/3 recent ones (missed out on today's).
I think UB would be crazy to stop new investors coming in to give bigger allocations to current lenders. It's not like Growth Street where the returns have dropped.
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Post by df on Nov 9, 2017 19:23:24 GMT
I don't think we can expect any significant increase in number of loans. Pawn loans are rare (to compare with other types) and they are the most popular. If you look at other platforms (FS/Col/MT), these loans are almost disappeared and it is very difficult to get any bite in renewals because existing investors roll-over their funds. I don't really know what Unbolted strategy is, but I don't think they are trying to frustrate or trick lenders into unsecured loans. I think it is just the reality of trade and Unbolted is doing a very good job getting as many of bling loans as possible and offering protection for most of them. I'm also quite happy to invest in unprotected "business" loans offered on platform (with self-imposed limit par loan). They sound much more secure to me than usual property and SME loans on other platforms. I largely agree with your comments, and I'm just letting my frustration show. Apologies. However I do think Unbolted could do more to support their existing investors. Eg. Limit the supply of new funds or allow existing investors to rollover where loans are renewed. I too have invested in business loans within sensible limits but I am wary of putting too much cash into any individual loan, particularly as they are not protected. I would also like rollover option, but if I was a new investor (which everyone was at some point) I would be very disadvantaged. So I think there is a great deal of fairness in this arrangement. Limiting supply of new funds was a very responsible decision by Zopa about 10 months ago when supply and demand went too far apart, but I can't imagine how it could be implemented on Unbolted platform. But I think they are tackling this issue by minimising individual investments in each loan depending on its size. Since auto version for unprotected loans became available I've set it to the amount I'm comfortable with. It good to stay within your own limit per loan and not fall for increased opportunity to invest more on the platform.
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Post by df on Nov 9, 2017 19:34:44 GMT
Have the recent business loans come under the 'bespoke' auto lend? I don't have auto lend on for those, but I've manually allocated on 2/3 recent ones (missed out on today's). I think UB would be crazy to stop new investors coming in to give bigger allocations to current lenders. It's not like Growth Street where the returns have dropped. GS did crazy thing. Bless them. Very generous offer to attract new investors, but it will backfire next year when people get their bonuses and withdraw because of fallen returns and increasing cash drag.
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p2pmark
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Post by p2pmark on Nov 10, 2017 13:19:12 GMT
Have the recent business loans come under the 'bespoke' auto lend? I don't have auto lend on for those, but I've manually allocated on 2/3 recent ones (missed out on today's). I think UB would be crazy to stop new investors coming in to give bigger allocations to current lenders. It's not like Growth Street where the returns have dropped. GS did crazy thing. Bless them. Very generous offer to attract new investors, but it will backfire next year when people get their bonuses and withdraw because of fallen returns and increasing cash drag. But then rates will go back up again, attracting new investors. GS should be fine if they're lending in an intelligent way.
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IFISAcava
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Post by IFISAcava on Nov 10, 2017 14:35:27 GMT
GS did crazy thing. Bless them. Very generous offer to attract new investors, but it will backfire next year when people get their bonuses and withdraw because of fallen returns and increasing cash drag. But then rates will go back up again, attracting new investors. GS should be fine if they're lending in an intelligent way. At the moment the way things work there is no mechanism for rates to go up. They can only go down.
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p2pmark
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Post by p2pmark on Nov 10, 2017 15:46:28 GMT
I'm sure they'll change that if / when they need to (and ideally before). It wouldn't be difficult in principle.
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Post by df on Nov 10, 2017 19:08:00 GMT
GS did crazy thing. Bless them. Very generous offer to attract new investors, but it will backfire next year when people get their bonuses and withdraw because of fallen returns and increasing cash drag. But then rates will go back up again, attracting new investors. GS should be fine if they're lending in an intelligent way. I hope so. I like GS model and will probably stay with it after 'the anniversary' providing the rates don't plummet below 4%.
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Post by valuehunter on Nov 10, 2017 19:41:45 GMT
Have the recent business loans come under the 'bespoke' auto lend? I don't have auto lend on for those, but I've manually allocated on 2/3 recent ones (missed out on today's). I think UB would be crazy to stop new investors coming in to give bigger allocations to current lenders. It's not like Growth Street where the returns have dropped. GS did crazy thing. Bless them. Very generous offer to attract new investors, but it will backfire next year when people get their bonuses and withdraw because of fallen returns and increasing cash drag. Indeed! I shall be one of them
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Ukmikk
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Posts: 445
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Post by Ukmikk on Nov 10, 2017 23:06:27 GMT
Well, today was a special day.. More invested than returned and my cash balance made a big jump downwards! If this continues I'll be very happy. Well done Unbolted and please more of the same.
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