madpierre
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Post by madpierre on Jun 22, 2017 12:46:55 GMT
Just been on chat with Ashwin, and he says it didn't necessarily go to BH's but to those that acted quickest to an email. I suggested some sort of bid limit and they agreed the current situation isn't fair so they will be introducing such a limit on all business loans that go on sale 'very soon'... Good work littonowl, much appreciated by all of us I'm sure
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ben
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Post by ben on Jun 22, 2017 12:58:35 GMT
It must have gone to a few decent size hitters, cant believe there was 20/30 people just sat around waiting for it.
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Ukmikk
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Post by Ukmikk on Jun 22, 2017 16:15:25 GMT
I just happened to log in and there it was! I looked at the details and it said valuation was 2500-3500, with loan 7.5k. Something wrong there I thought so didn't buy. Then email arrived stating valuation 25-35k. Ahah, makes more sense I thought and hurried back, but too late all gone 1 min later. If the valuation was correct on the buy page I would have had a bite. Are they now correct(ed)?
Just checked, now correct on loan.
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Post by dan1 on Jun 22, 2017 16:19:45 GMT
I just happened to log in and there it was! I looked at the details and it said valuation was 2500-3500, with loan 7.5k. Something wrong there I thought so didn't buy. Then email arrived stating valuation 25-35k. Ahah, makes more sense I thought and hurried back, but too late all gone 1 min later. If the valuation was correct on the buy page I would have had a bite. Are they now correct(ed)? Yes, correctly states £25000-£30000 now (just looked under Recent Loans). I remember seeing the wrong valuation too, although I didn't think twice given I didn't want a piece at that rate.
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Ukmikk
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Post by Ukmikk on Jun 22, 2017 16:28:03 GMT
I just happened to log in and there it was! I looked at the details and it said valuation was 2500-3500, with loan 7.5k. Something wrong there I thought so didn't buy. Then email arrived stating valuation 25-35k. Ahah, makes more sense I thought and hurried back, but too late all gone 1 min later. If the valuation was correct on the buy page I would have had a bite. Are they now correct(ed)? Yes, correctly states £25000-£30000 now (just looked under Recent Loans). I remember seeing the wrong valuation too, although I didn't think twice given I didn't want a piece at that rate. I would have had a piece at that rate given the very low LTV and general lack of loans coming through. However I wasn't interested at LTV 300%! :-)
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hantsowl
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Post by hantsowl on Jun 23, 2017 10:23:43 GMT
Bit of jewellery available
Edit: Wow, that went fast!!
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n
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Yet another Nick
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Post by n on Jun 23, 2017 10:27:12 GMT
Bit of jewellery available Edit: Wow, that went fast!! Indeed. Saw your post, refreshed the page, nothing there. Must be too many people watching now.
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hantsowl
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Post by hantsowl on Jun 23, 2017 10:35:11 GMT
Another small loan
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n
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Yet another Nick
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Post by n on Jun 23, 2017 10:40:02 GMT
Nope
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hantsowl
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Post by hantsowl on Jun 23, 2017 10:52:34 GMT
The first for £300, the second for £190. I took a small nibble of both and then whoosh...someone jumped in and took most (if not all) of what was left.
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n
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Yet another Nick
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Post by n on Jun 23, 2017 10:59:02 GMT
The first for £300, the second for £190. I took a small nibble of both and then whoosh...someone jumped in and took most (if not all) of what was left. I'm not disputing that the loans came up - I see them in 'recent loans'. Let's just hope our BH runs out of money soon. I have tuned my watcher so hopefully I can get there sooner next time.
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hantsowl
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Post by hantsowl on Jun 27, 2017 9:21:22 GMT
£700 of a watch available. Edit: Wow..gone in milliseconds
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jun 27, 2017 9:45:07 GMT
£700 of a watch available. Edit: Wow..gone in milliseconds Comfort yourselves that the person that is grabbing everything small at the moment is taking a massive risk due to having a high percentage of the loan. Value wise this may only be as a fly on the behind of a hippo to this "investor". We will probably see increased postings on forums in 6 months time complaining about late payments. Rito and Ashwin will probably end up using an inordinate amount of their time answering questions about late loans from this/ these lenders. It would be nice to see if rito or @ashwin can stop the constant over rapid checking for the yellow button appearing and slow things down or limit that user to 10% of available. Unfortunately, others using monitoring software at more reasonable frequencies, will probably have increased their frequency to silly levels in response to the script user constant winner. I dont even bother chasing them now.
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nush
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Post by nush on Jun 27, 2017 9:51:35 GMT
i dont understand why these smaller loans are not added to a sales queue and put through on auto lend, i know some of the loans are outside of the normal lend criteria but that could be sorted with another tick box, it gets very frustrating when you have cash waiting to invest in a site and someone jumps the line.
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Post by dan1 on Jun 27, 2017 9:56:02 GMT
I'd support bid limits for the small loans or preferably use auto-lend on a round robin (is that the right phrase? Think you know what I mean!) basis so everyone gets their turn. We don't use Unbolted to flip or gain an advantage over other investors by selling out early so anything that makes the allocation fairer will get lender support. I used to catch the majority or small loans, now I'm happy to catch 1 a week. Great site nonetheless though.
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