michaelc
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Post by michaelc on Jun 11, 2019 16:31:55 GMT
Wondering why its taking so long to fill?
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Steerpike
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Post by Steerpike on Jun 11, 2019 16:45:36 GMT
Wondering why its taking so long to fill? HS2? but all gone now anyway.
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michaelc
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Post by michaelc on Jun 11, 2019 16:53:35 GMT
HS2 or the farm? Still 5% left.
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michaelc
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Post by michaelc on Jun 13, 2019 23:21:00 GMT
Still not gone.
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Post by multiaccountmanager on Jun 18, 2019 8:54:47 GMT
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tomp
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Post by tomp on Jun 18, 2019 9:07:38 GMT
I have seen it with one of the loans. To me it looks like they make it available in batches. Not sure if that is to create scarcity??
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Post by multiaccountmanager on Jun 18, 2019 9:43:07 GMT
I have seen it with one of the loans. To me it looks like they make it available in batches. Not sure if that is to create scarcity?? That would be a questionable practice IMHO. For example Foxlow Grange seems to have gone on with £1.1m in one chunk. Another possibility is someone withdrew a commitment. It is also possible I did not read the site properly I would admit I am not 100% sure - and there is another recent loan named onions.
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Greenwood2
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Post by Greenwood2 on Jun 18, 2019 10:15:52 GMT
I have seen it with one of the loans. To me it looks like they make it available in batches. Not sure if that is to create scarcity?? That would be a questionable practice IMHO. For example Foxlow Grange seems to have gone on with £1.1m in one chunk. Another possibility is someone withdrew a commitment. It is also possible I did not read the site properly I would admit I am not 100% sure - and there is another recent loan named onions. The total loan amount hasn't increased, BC released some of their share (due to popular demand)?
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Post by multiaccountmanager on Jun 18, 2019 10:34:30 GMT
Wouldn't that delay the going live date for the loan? Seems to me to be a "strange" thing to do, releasing underwriting, unless of course the loan still goes live when it would have done.
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iRobot
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Post by iRobot on Jun 18, 2019 10:39:53 GMT
I have seen it with one of the loans. To me it looks like they make it available in batches. Not sure if that is to create scarcity?? That would be a questionable practice IMHO. For example Foxlow Grange seems to have gone on with £1.1m in one chunk. Another possibility is someone withdrew a commitment. It is also possible I did not read the site properly I would admit I am not 100% sure - and there is another recent loan named onions. Not imagined. This morning the 'Foxy' loan (#1462, 0.75%) had £100k added and a couple of minutes later this one (#1459) also had the same amount added. Maybe BondMason just got around to cancelling the S/O
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Greenwood2
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Post by Greenwood2 on Jun 18, 2019 11:24:05 GMT
Wouldn't that delay the going live date for the loan? Seems to me to be a "strange" thing to do, releasing underwriting, unless of course the loan still goes live when it would have done. Theoretically at least BC lend the full amount to the borrower and then we 'buy' a portion of the loan from BC. It is not P2P, our arrangement is with BC. If it actually works like this, when and how much BC choose to allow lenders to purchase shouldn't affect anything.
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Post by multiaccountmanager on Jun 18, 2019 11:39:44 GMT
Wouldn't that delay the going live date for the loan? Seems to me to be a "strange" thing to do, releasing underwriting, unless of course the loan still goes live when it would have done. Theoretically at least BC lend the full amount to the borrower and then we 'buy' a portion of the loan from BC. It is not P2P, our arrangement is with BC. If it actually works like this, when and how much BC choose to allow lenders to purchase shouldn't affect anything. Fair enough if that's how it works. EXCEPT it seems to delay the start date for receiving interest if the loan is not fully funded? Or will BC start paying interest on less than 100% funded loans if the borrower completes? Or are these extra allocation releases a sign that the borrower is not ready to complete? I should emphasise I am not complaining about BC which seems to me very well run. It's just there are some non intuitive quirks which I am learning. Whilst these larger loans have been filling the SM seems to have stoped selling, it seems to me that loans have been sittiing there a week or more. I cancelled a sale after 48 hours to avoid interest loss, I am used to pretty much same day sale but have not been using the SM for very long so might have been spoilt by unusually good experience.
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Greenwood2
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Post by Greenwood2 on Jun 18, 2019 11:52:02 GMT
Theoretically at least BC lend the full amount to the borrower and then we 'buy' a portion of the loan from BC. It is not P2P, our arrangement is with BC. If it actually works like this, when and how much BC choose to allow lenders to purchase shouldn't affect anything. Fair enough if that's how it works. EXCEPT it seems to delay the start date for receiving interest if the loan is not fully funded? Or will BC start paying interest on less than 100% funded loans if the borrower completes? Or are these extra allocation releases a sign that the borrower is not ready to complete? I should emphasise I am not complaining about BC which seems to me very well run. It's just there are some non intuitive quirks which I am learning. Whilst these larger loans have been filling the SM seems to have stoped selling, it seems to me that loans have been sittiing there a week or more. I cancelled a sale after 48 hours to avoid interest loss, I am used to pretty much same day sale but have not been using the SM for very long so might have been spoilt by unusually good experience. If BC have already put up the funds, the fact that lenders have not taken up all of the loan available to them shouldn't make any difference to the borrower drawing the loan, I would assume any amount left would just remain part of BC's holding. There do seem to be a lot of loans available on the SM at present, could be partly the 'Lendy' affect.
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Post by multiaccountmanager on Jun 20, 2019 11:17:08 GMT
Well it seems to me it delays the start of interest being paid.
BC web site states pipeline loans usually go live (start paying interest) within 5 days of being listed.
Now there is another one - W*** End H**** which has suddenly another £182K available after being fully funded. It has an estimated start date of 11 June
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Post by multiaccountmanager on Jun 21, 2019 12:07:09 GMT
Well it seems to me it delays the start of interest being paid. BC web site states pipeline loans usually go live (start paying interest) within 5 days of being listed. Now there is another one - W*** End H**** which has suddenly another £182K available after being fully funded. It has an estimated start date of 11 June Correction. That loan has now gone live without being filled, so it seems the interest start date is NOT delayed.
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