ashtondav
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Post by ashtondav on Jan 29, 2020 11:42:53 GMT
i have just over £17,000 in Growth and tried to get a quote for selling. When I click the sell button it tells me I have nothing available to sell!
ive emailed to ask why. Presumably it’s a glitch?
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benaj
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Post by benaj on Jan 29, 2020 11:47:01 GMT
Don't panic. My partner just tried for a quick quote, it's working as normal. Sales have been done numerous times since Last week, with the intention not selling quick, but the fee would be covered by interest payment of the portfolio. Last sale was made yesterday with the average shortfall of 3.1%. Selling the whole lot (available to sell amount) would cost 5.4%. I suppose the remaining loans are more expensive to sell.
The only hope is interest payment back to normal within short period. According the the Projected portfolio, the earning would be 4% in 12 months in poor scenario!
We shall see about that. This month is not looking good unless LW knows better interest payment are coming later part of the 12 month period.
UPDATE: Loan sale pending, it seems working as normal. I will report back later.
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IFISAcava
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Post by IFISAcava on Jan 29, 2020 11:51:13 GMT
I have a pending sale from Flexible.
Problem is I cant sell anything from Growth until that sells, and I can't cancel the Flexible sale!
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benaj
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Post by benaj on Jan 29, 2020 12:03:35 GMT
I have a pending sale from Flexible. Problem is I cant sell anything from Growth until that sells, and I can't cancel the Flexible sale! Sale can't be cancelled on LW portal. You may have to contact CS for cancelling.
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ashtondav
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Post by ashtondav on Jan 29, 2020 12:18:42 GMT
Don't panic. My partner just tried for a quick quote, it's working as normal. Sales have been done numerous times since Last week, with the intention not selling quick, but the fee would be covered by interest payment of the portfolio. Last sale was made yesterday with the average shortfall of 3.1%. Selling the whole lot ( available to sell amount) would cost 5.4%. I suppose the remaining loans are more expensive to sell. The only hope is interest payment back to normal within short period. According the the Projected portfolio, the earning would be 4% in 12 months in poor scenario!We shall see about that. This month is not looking good unless LW knows better interest payment are coming later part of the 12 month period. UPDATE: Loan sale pending, it seems working as normal. I will report back later. Why i'm panicking is that the webpage tells me i have £0 available to sell, when i have £17,800 in loans!
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benaj
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Post by benaj on Jan 29, 2020 13:07:25 GMT
Loan chunk sold. Success.
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ashtondav
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Post by ashtondav on Jan 29, 2020 13:36:59 GMT
It was Safari not showing me the full screen. Fireox shows 16,678 available to sell and fees of 933, so 5.6% in total 
Luckily I sold £17,000 in December and I will commence withdrawal of repayments i think
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