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Post by Badly Drawn Stickman on Nov 1, 2018 14:43:16 GMT
Cancelled, apparently due to issues with the existing lender. Though it wasn't looking good to fill, anyway.
Yet again we are promised more new loans...
I suspect you are right about it's prospects of filling, short of it being underwritten. I didn't pay a great deal of attention but suspect the last couple of loans needed help to get filled as they seemed to be accepted when only half full. The secondary market would maybe reinforce that view. On the plus side it puts a bit of money back onto the platform, which might re-balance the SM a bit. Or maybe just give Ablrate a busy day transferring it all back out. Could be a really gripping contest for Platform of the year this time around.
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nw99
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Post by nw99 on Nov 1, 2018 15:42:14 GMT
Glad I supported the platform and got some nice interest
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blender
Member of DD Central
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Post by blender on Nov 1, 2018 16:04:16 GMT
They had £250k underwritten, but it was still difficult in present circumstances.
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andy2001
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Post by andy2001 on Nov 2, 2018 4:36:17 GMT
I passed on this loan. But made a deposit to invest in some discounted loans on the secondary market. Lots of discounts at the moment.
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nw99
Posts: 340
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Post by nw99 on Nov 2, 2018 7:13:24 GMT
Yes some great bargains on the secondary market have also been buying these . long term will pay off nicely I am sure.
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IFISAcava
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Post by IFISAcava on Nov 2, 2018 8:03:13 GMT
Yes some great bargains on the secondary market have also been buying these . long term will pay off nicely I am sure. Probably - my concern is the temptation to end up with too many loans from the same two borrowers though
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Post by mattygroves on Nov 2, 2018 12:10:58 GMT
Yes some great bargains on the secondary market have also been buying these . long term will pay off nicely I am sure. Probably - my concern is the temptation to end up with too many loans from the same two borrowers though
Yes they could do with some new borrowers but not with 2nd charges.
I've got plenty of ISA money that needs investing but am up to my limits with the existing borrowers.
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Post by df on Nov 2, 2018 13:45:25 GMT
Glad I supported the platform and got some nice interest I look at loans like this (the loans that have little chance to be filled from the outset) as a very short term investment, but commit only a little amount because there is always risk of loan to be filled and default later.
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