gareot
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Post by gareot on Aug 22, 2019 15:58:09 GMT
Glad to see tomorrow's loan #130 has a limit for 6 hours. If that's now the policy for smaller loans I'm all for it. Yes - I'm in full agreement with you. I didn't get a look in with 127, and I see it's already for sale at a premium. Fair or what!
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Aug 22, 2019 17:39:58 GMT
Swings and roundabouts ... the 'early adopters' of loans 126, 128 and 129 may well find those loans trading at a discount when trading on the SM begins
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Post by df on Aug 22, 2019 19:43:35 GMT
Not sure why you would think any loans 'need' bid limits - it's bidders who can't access the website at the appropriate time who require them. That said, there are plenty of other loans at the moment so unsuccessful bidders should be spoilt for choice. It is because Abl needs those bidders to stay on board. Abl loan book is not very large (especially if you boil it down to a number of borrowers), so I don't think it's the case of being spoiled for choice.
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Post by df on Aug 22, 2019 19:52:21 GMT
Glad to see tomorrow's loan #130 has a limit for 6 hours. If that's now the policy for smaller loans I'm all for it. One of the good features of Ablrate is that they listen to investors feedback and act upon it
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nw99
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Post by nw99 on Aug 22, 2019 23:12:34 GMT
Not mine no interest in bid limits
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withnell
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Post by withnell on Aug 23, 2019 6:46:55 GMT
I'm happy because the bid limit is at a sensible level - I got put off new MT offerings when they started having bid limits of tiny figures like £42 - I'm all for diversification but there's a point where the admin outweighs the benefits/returns
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blender
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Post by blender on Aug 23, 2019 7:18:38 GMT
Yes, there is a point where it is not worth reading the all documents and doing the checks you might wish to do, in the time slot allowed.
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oldtimer
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Post by oldtimer on Aug 23, 2019 8:12:22 GMT
Glad to see tomorrow's loan #130 has a limit for 6 hours. If that's now the policy for smaller loans I'm all for it. One of the good features of Ablrate is that they listen to investors feedback and act upon it I wish they would give more than 3 hours to review the documents however. I have asked why they don’t several times but they never reply. ablrate
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Post by Badly Drawn Stickman on Aug 23, 2019 8:14:21 GMT
Yes, there is a point where it is not worth reading the all documents and doing the checks you might wish to do, in the time slot allowed. I am toying with the idea of a Thread to discuss the impending loan. I am currently thinking 'The Fresh Air Loan', it seems there will be no tangible asset. I predict it will fill very quickly. The bid limit only technically allows 100 investors, many will want two bites to feed ISA's. £500 would have been a more practical level. We are unpleasable (not a real word).
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Post by ladywhitenap on Aug 23, 2019 8:21:14 GMT
One of the good features of Ablrate is that they listen to investors feedback and act upon it I wish they would give more than 3 hours to review the documents however. I have asked why they don’t several times but they never reply. ablrate Be thankful for the 3 hours! At one time bids opened as soon as the docs were released but there were protestations, ABL listened and started the 3 hr advanced release. I find it more than adequate reading time especially as it covers the lunch break for anyone with rigid working regimes. LW
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blender
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Post by blender on Aug 23, 2019 8:28:46 GMT
I don't know much about equitable charges on property, but am willing to look at the details. Fresh air may be unfair, but the thread title will not stop this loan from being snapped up for sale later.
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oldtimer
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Post by oldtimer on Aug 23, 2019 8:28:49 GMT
I am frequently out and about so find trying to review things on my phone awkward and not always convenient. 24 hours would be better
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Post by ladywhitenap on Aug 23, 2019 8:41:48 GMT
I am frequently out and about so find trying to review things on my phone awkward and not always convenient. 24 hours would be better It must be difficult for platforms to juggle all the conflicting wishes of we lenders. I seem to recall one of the platforms say they did not want to publish borrower details too early for fear of losing the client to another lender but this smacks of a weak contract but it is another consideration. I suppose my ideal would be to read/research the previous evening and lodge a bid when ready. Then I could forget all about it the next day. About the only redeeming feature remaining from Lendy. But I find setting alerts in my calendar to read docs and another just before bidding opens works reasonably well but I agree reviewing documents on a phone is not ideal. LW
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boundah
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Post by boundah on Aug 23, 2019 10:00:41 GMT
Not mine no interest in bid limits Great! More chance I've got of getting a slice.
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nw99
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Post by nw99 on Aug 23, 2019 12:32:35 GMT
I will Be applying for the full amount . however generally not in favour of bid limits
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