archie
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Post by archie on May 15, 2018 11:26:06 GMT
Are the Diversified Portfolio loans EVER going to launch? They were first announced last December and the ablrate website has been advertising them since then. However, we are now 6 months further on and still no sign of the new product to invest in. I asked ablrate about this back in February and was told they were 'working through the paperwork and expect to launch in the next couple of weeks'. It's beginning to look like this product is never going to get off the ground. They clearly don't have enough new borrowers to fill one. They need to update their website because it is misleading to new lenders who will sign up thinking they have an auto-invest product available when actually there isn't one. We had a portfolio loan in February but it repaid in April.
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savernake
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Post by savernake on May 15, 2018 12:08:21 GMT
Are the Diversified Portfolio loans EVER going to launch? They were first announced last December and the ablrate website has been advertising them since then. However, we are now 6 months further on and still no sign of the new product to invest in. I asked ablrate about this back in February and was told they were 'working through the paperwork and expect to launch in the next couple of weeks'. It's beginning to look like this product is never going to get off the ground. They clearly don't have enough new borrowers to fill one. They need to update their website because it is misleading to new lenders who will sign up thinking they have an auto-invest product available when actually there isn't one. We had a portfolio loan in February but it repaid in April. I think that was a single company loan though wasn't it? I'm referring to the Diversified portfolio loan which is several different borrowers within one portfolio.
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archie
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Post by archie on May 15, 2018 12:15:51 GMT
We had a portfolio loan in February but it repaid in April. I think that was a single company loan though wasn't it? I'm referring to the Diversified portfolio loan which is several different borrowers within one portfolio. Oh I see what you mean. No we haven't had any of those yet.
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Post by Ace on May 20, 2018 7:07:01 GMT
When is the next new portfolio loan will be launched? We are working through the paperwork and hope to launch in May ablrate could you please give us an update on this. If you are still intending to launch one (or, hopefully, more than one), could you tell us if it is a diversified portfolio loan please?
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victors
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Post by victors on Jan 16, 2019 12:32:39 GMT
Did I just spy a new portfolio loan?
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n
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Yet another Nick
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Post by n on Jan 16, 2019 12:46:23 GMT
Did I just spy a new portfolio loan? As per the 'Ablrate update' email yesterday evening. The email said 'read only' at 12 then live at 2, but it is accepting deposits now.
Curiously it cost me a month's interest to buy in. Does that sound right?
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IFISAcava
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Post by IFISAcava on Jan 16, 2019 13:17:18 GMT
Did I just spy a new portfolio loan? As per the 'Ablrate update' email yesterday evening. The email said 'read only' at 12 then live at 2, but it is accepting deposits now.
Curiously it cost me a month's interest to buy in. Does that sound right?
I think they reserve that but as and when you actually buy in it won't be taken (or at least only the amount that you are going to get back again at end of month will be taken).
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pom
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Post by pom on Jan 16, 2019 14:04:37 GMT
Great - I log in just before 2 and it's all gone?!
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macq
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Post by macq on Jan 16, 2019 14:20:57 GMT
had a quick look an hour ago and was sure unlike self select loans this was not showing the amount invested or left if it was filling before 2 o/c ?
Quick check now shows pending but thought the last portfolio loan showed how much was in the loan as well
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macq
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Post by macq on Jan 16, 2019 14:27:34 GMT
Great - I log in just before 2 and it's all gone?! Bit confusing when the email i'm looking at says invest from 2 read only from 12
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n
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Yet another Nick
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Post by n on Jan 16, 2019 14:27:46 GMT
Great - I log in just before 2 and it's all gone?! I think it is just that some more buttons need pressing. It was showing £0.00 available for allocation as soon as it appeared at about 10 past 12 - unless someone was really, really quick and took all £300,000 within a few seconds. Also the Deposit button is still working, except that I already sunk my whole balance into it earlier (all £7 of it).
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n
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Yet another Nick
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Post by n on Jan 16, 2019 14:31:00 GMT
And even as we speak the email arrived to say my £7 has been invested, and the site now shows plenty available.
Edit: ... and I got my 5p accrued interest returned.
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IFISAcava
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Post by IFISAcava on Jan 16, 2019 14:35:36 GMT
I read it that there is still £281 K left - i.e. only £19K allocated so far.
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Post by ablrate on Jan 16, 2019 14:39:50 GMT
Hi Guys We had a slight technical issue with the launch which had been marking all the PL as pending. That has now been fixed so you can see now see that (as of writing) £281,000 is available for allocation. Sorry about that.. pilot error...
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SteveT
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Post by SteveT on Jan 16, 2019 14:46:38 GMT
My mental faculties are undoubtedly dulled by the head-cold I’m currently suffering from, but can someone please explain why this portfolio loan (at 8%) might be preferred versus the 2 existing loans to the same borrower (currently available on the SM at 13%+)? All I’ve come up with so far is perhaps project diversification.
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