Pre-Funding Information

Investor
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Pre-Funding Information Sept 7, 2015 13:21:50 GMT alison, mrclondon, and 41 more like this

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Post by Investor on Sept 7, 2015 13:21:50 GMT

Loan. Date. Valuation.    Loan Value. LTV. PF Allocation.      Total Amount Investors at Launch
     Pre-Funded

PBL055 02/09/2015 £ 1,400,000 £    623,000        45%    38.9%     £ 1,601,000
PBL054 07/09/2015 £ 3,250,000 £ 1,787,500 55%    91.8%     £ 1,947,000
PBL056    08/09/2015    £   650,000      £   455,000        70%      19.5%                 £ 2,337,000
PBL057 11/09/2015 £ 6,430,000 £ 2,540,000 40% 100.0% £ 2,469,600*
PBL058    15/09/2015    £ 4,297,500      £ 3,000,000        70%        100.0%                 £ 1,800,000*
PBL059 22/09/2015 £ 5,430,000 £ 3,080,000 57% 100.0% £ 1,200,000*
PBL060 24/09/2015 £ 3,600,000 £ 2,520,000 70% 100.0% £ 1,229,000*
PBL061 24/09/2015 £ 2,375,000 £ 1,425,000 60% 100.0% £ 843,000*
PBL062    30/09/2015    £    500,000      £    350,000        70%          25.1%                 £ 1,394,000
PBL063    30/09/2015    £    425,000    £    297,500        70%          23.9%                 £ 1,245,000
PBL064    20/10/2015    £ 2,870,000      £ 2,000,000        70% 100.0% £ 1,702,000*
PBL065 18/11/2015 £ 1,200,000 £ 700,000 58% 31.7% £ 2,208,000
PBL066 23/11/2015 £ 600,000 £ 360,000 60% 12.9% £ 2,791,000
PBL067 23/11/2015 £ 1,100,000 £ 660,000 60% 27.8% £ 2,374,000
PBL068 02/12/2015 £ 1,850,000 £ 1,295,000 70% 42.3% £ 3,061,000
PBL069 08/12/2015 £ 1,500,000 £ 975,000 65% 27.7% £ 3,520,000
PBL070 08/12/2015 £ 1,400,000 £ 910,000 65% 27.5% £ 3,309,000
PBL071 08/12/2015 £ 650,000 £ 422,500 65% 10.5% £ 4,024,000
PBL072 09/12/2015 £ 8,500,000 £ 2,022,000 24%** 90.0% £ 2,247,000
**************************************************************************************************
15/12/2015 New Pre-Fund limits introduced limiting bids to Current Total Holding + Available Cash
**************************************************************************************************
PBL073 18/12/2015 £ 7,325,000 £ 4,580,000 63% 100.0% £ 2,300,000*
PBL074 04/01/2016 £ 460,000 £ 322,000 70% £300 £ N/A
PBL075 08/02/2016 £ 450,000 £ 314,000 70%        £180 £ N/A
PBL076 08/02/2016 £ 750,000 £ 420,000 56% £270 £ N/A
PBL077 17/02/2016 £ 3,200,000 £ 2,240,000 70% 45.9% £ 4,880,000
PBL078 17/02/2016 £ 1,585,000 £ 1,109,500 70% 22.6% £ 4,909,000
PBL079 17/02/2016 £ 1,430,000 £ 1,001,000 70% 19.3% £ 5,186,000
PBL080 17/02/2016 £ 3,170,000 £ 2,219,000 70% 40.3% £ 5,506,000
PBL081 23/02/2016 £ 4,250,000 £ 2,975,000 70% 44.7% £ 6,655,000
PBL082 23/02/2016 £ 1,300,000 £ 845,000 65% £730 £ N/A
PBL084 27/02/2016 £ 6,645,000 £ 4,650,000 70% 98.2% £ 4,735,000 1404
PBL085 09/03/2016 £ 9,050,000 £ 4,500,000 50% 100.0% £ 4,400,000* 1379
PBL086 18/03/2016 £ 235,000 £ 158,533 67% £150 £ N/A 1084
PBL087 19/03/2016 £ 8,815,000 £ 6,170,500 70% 100.0% £ 5,630,000* 1090
PBL088 19/03/2016 £ 4,400,000 £ 3,080,500 70% 100.0% £ 2,760,000* 1084
PBL089 26/03/2016 £ 650,000 £ 455,000 70% £690 £ N/A 1027
PBL090 31/03/2016 £ 4,550,000 £ 1,772,000 39% 67.5% £ 2,625,000 1089
PBL091 12/04/2016 £ 435,000 £ 304,500 70% £295 £ N/A 1248
PBL092 21/04/2016 £ 2,500,000 £ 1,750,000 70% 26.1% £ 6,705,000 1569
PBL093 21/04/2016 £ 5,400,000 £ 3,780,000 70% 59.2% £ 4,375,000 1435
PBL094 27/04/2016 £ 5,000,000 £ 3,250,000 65% 60.0% £ 5,417,000 1811
PBL095 14/05/2016 £ 2,700,000 £ 1,890,000 70% 26.7% £ 7,079,000 1892
PBL096 14/05/2016 £ 1,700,000 £ 1,105,000 65% 12.1% £ 9,132,000 2096
PBL097 20/05/2016 £ 2,900,000 £ 540,000 19%** £300 £ N/A 2026
PBL098 20/05/2016 £ 300,000 £ 210,000 70% £100 £ N/A 2012
PBL099 23/05/2016 £ 430,000 £ 301,000 70% £230 £ N/A 1421
PBL100 23/05/2016 £ 1,000,000 £ 653,780 65% £350 £ N/A 2140
PBL101 30/05/2016 £ 475,000 £ 332,500 70% £180 £ N/A 1945
PBL102 30/05/2016 £ 275,000 £ 192,000 70% £ 90 £ N/A 1911
PBL103 03/06/2016 £ 3,000,000 £ 2,100,000 70% 27.7% £ 7,581,000 1925
PBL104 03/06/2016 £ 2,500,000 £ 1,750,000 70% 23.3% £ 7,511,000 1921
PBL105 10/06/2016 £ 700,000 £ 490,000 70% £280 £ N/A 1912
PBL107 15/06/2016 £ 3,250,000 £ 2,275,000 70% 100% £ 2,258,000 1344
PBL108 15/06/2016 £ 2,600,000 £ 1,820,000 70% 100% £ 1,795,000 1360
PBL109 15/06/2016 £ 2,950,000 £ 2,065,000 70% 100% £ 1,971,000 1356
PBL110 15/06/2016 £ 1,722,000 £ 1,205,400 70% 100% £ 1,990,000 1446
PBL111 15/06/2016 £ 1,500,000 £ 1,050,000 70% 100% £ 1,038,000 1352
PBL112 15/06/2016 £ 1,500,000 £ 1,050,000 70% 100% £ 1,046,000 1428
PBL113 15/06/2016 £ 1,400,000 £ 980,000 70% 100% £ 980,000 1470
PBL114 15/06/2016 £ 1,375,000 £ 962,500 70% 100% £ 962,000 1319
PBL115 15/06/2016 £ 1,375,000 £ 962,500 70% 100% £ 962,000 1474
PBL106 16/06/2016 £ 3,750,000 £ 2,450,000 65% 100% £ 1,760,000* 1118
PBL116 18/06/2016 £ 1,350,000 £ 787,050 58% £3000 £ N/A 951
PBL117 18/06/2016 £ 855,000 £ 498,465 58% £1100 £ N/A 1053
PBL118 18/06/2016 £ 1,600,000 £ 932,800 58% £3000 £ N/A 1014
PBL119 24/06/2016 £ 750,000 £ 487,500 65% £4500 £ 482,000* 751
PBL120 12/07/2016 £ 2,650,000 £ 1,590,000 60% 68.3% £ 2,327,000 1163
PBL121 15/07/2016 £ 300,000 £ 171,124 57% £180 £ N/A 1051
PBL122 19/07/2016 £ 1,425,000 £ 923,194 65% £10,000+ £ N/A 910

* Estimated Value
** 2nd Charge
Denotes a loan value of £1,000,000 or less. Saving stream allocation on these loans is 'bottom up' and not percentage allocation
Single £12 million batch of loans to same lender on same day. Saving Stream used a different allocation method which to simplify
meant that all PF amounts of up to c£1,500 were met in full and excess PF amounts were then distributed as a percentage

Last Edit: Jul 19, 2016 12:15:29 GMT by Investor

webwiz

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Pre-Funding Information Sept 8, 2015 18:15:32 GMT

Quote

Post by webwiz on Sept 8, 2015 18:15:32 GMT

So far, on a sample of only 3, the data suggests a predicted percentage of roughly Loan Value/2,000,000. This model will need refining as more data comes in. To use it, if you hope for £x, prefund 2,000,000 * x/Loan Value.

Edit: Still working reasonably after 4 loans

Edit; After PBL080 need to use £5,000,000 as the base figure. Going up.

Last Edit: Feb 19, 2016 10:27:53 GMT by webwiz

SteveT
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Pre-Funding Information Sept 8, 2015 18:19:01 GMT

Quote

Post by SteveT on Sept 8, 2015 18:19:01 GMT

Sept 8, 2015 18:15:32 GMT webwiz said:

So far, on a sample of only 3, the data suggests a predicted percentage of roughly Loan Value/2,000,000. This model will need refining as more data comes in. To use it, if you hope for £x, prefund 2,000,000 * x/Loan Value.

Or else you might deduce that each new loan sees the pre-funded total rise by £350k

nickthefool

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Likes: 23

Pre-Funding Information Sept 8, 2015 18:31:45 GMT via mobile

Quote

Post by nickthefool on Sept 8, 2015 18:31:45 GMT

I'd assume the prefunding total is likely to increase with time, at least in the short term, as:

a) more lenders become comfortable with the idea of it as it seems to be being iteratively improved (eg since the first prefunded loan they've added the ability to set different targets for different loans).

b) more lenders try to game the system

c) there are more lenders (as far as I'm aware, the platform is still growing its lender base)

You would expect a) and b) to plateau eventually (with possible tweaks to the system if b) continues), so in the long term c) might be the main driver, other than attractiveness of the loan.

trevor
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Pre-Funding Information Sept 8, 2015 18:33:10 GMT

Quote

Post by trevor on Sept 8, 2015 18:33:10 GMT

Sept 7, 2015 13:21:50 GMT Investor said:

Loan. Date.     Valuation.    Loan Value. LTV. PF Allocation.      Total Amount
     Pre-Funded

PBL055 02/09/2015 £ 1,400,000 £    623,000        45% 38.9% £ 1,601,000
PBL054 07/09/2015 £ 3,250,000 £ 1,787,500 55% 91.8% £ 1,947,000
PBL056    08/09/2015    £   650,000      £   455,000        70%        19.5%                   £ 2,337,000

As SS has the most cash of all my P2P this data is very useful. Thanks Investor.

adrianc
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Pre-Funding Information Sept 8, 2015 19:59:10 GMT SteveT, paulg, and 1 more like this

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Post by adrianc on Sept 8, 2015 19:59:10 GMT

I think that, some months down the line, we're going to look back at this first handful of pre-fund loans and laugh at how we tried to figure out any pattern from them...

Remember...

Loan 55, everybody thought the pre-funding was going to be worked out totally differently.
Loan 54, we were trying to figure out the new system with a loan three times the size of the previous one, with a property that quite a few found - umm - uninspiring.
Loan 56, we're back to a tiddler - a quarter of the size of 54.

And all of that at the end of a new loan drought, where the last three (launched simultaneously) caused a feeding frenzy that broke the servers completely.

Look at the pipeline.
Two absolute tiddlers... and three whoppers which'll grow the total loan book by nearly 20%.

Patterns? Nope. Not yet. The only thing we can say is that the tiddlers will be mahoosively over-subscribed, and the big 'uns might not all fill. Hold the front page.

Last Edit: Sept 8, 2015 20:03:47 GMT by adrianc

sqh Member of DD Central Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs. Posts: 1,426 Likes: 1,211	Pre-Funding Information Sept 8, 2015 20:16:54 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by sqh on Sept 8, 2015 20:16:54 GMT It's not clear to me if these loans will be covered by the trust structure. I assume other lenders are thinking the same and will set pre-fund levels higher when it is clarified.

SteveT
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Pre-Funding Information Sept 8, 2015 20:41:09 GMT via mobile

Quote

Post by SteveT on Sept 8, 2015 20:41:09 GMT

Sept 8, 2015 20:16:54 GMT sqh said:

It's not clear to me if these loans will be covered by the trust structure. I assume other lenders are thinking the same and will set pre-fund levels higher when it is clarified.

In another thread (I forget which) savingstream said that both existing and new loans would switch to the trust structure (under a transfer provision already built into their existing borrower contracts)

sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.

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Pre-Funding Information Sept 8, 2015 20:45:44 GMT

Quote

Post by sqh on Sept 8, 2015 20:45:44 GMT

Sept 8, 2015 20:41:09 GMT SteveT said:

Sept 8, 2015 20:16:54 GMT sqh said:

It's not clear to me if these loans will be covered by the trust structure. I assume other lenders are thinking the same and will set pre-fund levels higher when it is clarified.

In another thread (I forget which) savingstream said that both existing and new loans would switch to the trust structure (under a transfer provision already built into their existing borrower contracts)

I remember that from over a month back (Jul20 update). I think that sparked the mad rush for loans. Then, ~~last~~ this month (see newT&C's) they suggested there was an issue with existing loans.

EDIT: From the new T&C's

Old

You lent to Lendy Ltd who then lent to the borrower.

New

When you invested in a loan, we kept detailed records of this, but an administrator may consider it a pari passu risk (http://www.investopedia.com/terms/p/pari-passu.asp) in the event of Lendy Ltd’s (highly unlikely) bankruptcy. One bad loan, could in theory, undermine the rest.

Last Edit: Sept 8, 2015 21:19:36 GMT by sqh

savingstream
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Pre-Funding Information Sept 8, 2015 23:29:54 GMT sqh and SteveT like this

Quote

Post by savingstream on Sept 8, 2015 23:29:54 GMT

Sept 8, 2015 20:41:09 GMT SteveT said:

Sept 8, 2015 20:16:54 GMT sqh said:

It's not clear to me if these loans will be covered by the trust structure. I assume other lenders are thinking the same and will set pre-fund levels higher when it is clarified.

In another thread (I forget which) savingstream said that both existing and new loans would switch to the trust structure (under a transfer provision already built into their existing borrower contracts)

All loans that we write pre-structure are assignable to the new structure.

www.savingstream.co.uk

arbster
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Pre-Funding Information Sept 9, 2015 7:39:45 GMT

Quote

Post by arbster on Sept 9, 2015 7:39:45 GMT

Sept 8, 2015 23:29:54 GMT savingstream said:

Sept 8, 2015 20:41:09 GMT SteveT said:

In another thread (I forget which) savingstream said that both existing and new loans would switch to the trust structure (under a transfer provision already built into their existing borrower contracts)

All loans that we write pre-structure are assignable to the new structure.

... and will definitely be "assigned" to the new structure? And also those that were written prior to announcing the new structure?

Last Edit: Sept 9, 2015 7:40:19 GMT by arbster

borofan
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Pre-Funding Information Sept 11, 2015 13:29:03 GMT

Quote

Post by borofan on Sept 11, 2015 13:29:03 GMT

Sorry if this is a silly question and/or off topic:

If you have a Bacs Funding Deficit, but you sell part of loan that covers the deficit (within 24 hours), I assume you no
longer have to make the bank transfer, as the sale of the loan covers it?

EDIT:

I've just noticed the offset option.

Last Edit: Sept 11, 2015 13:44:13 GMT by borofan

star dust
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Pre-Funding Information Sept 11, 2015 15:22:51 GMT

Quote

Post by star dust on Sept 11, 2015 15:22:51 GMT

Sept 11, 2015 13:29:03 GMT borofan said:

Sorry if this is a silly question and/or off topic:

If you have a Bacs Funding Deficit, but you sell part of loan that covers the deficit (within 24 hours), I assume you no
longer have to make the bank transfer, as the sale of the loan covers it?

EDIT:

I've just noticed the offset option.

And here's the offset thread

.

SteveT Member of DD Central Posts: 6,873 Likes: 7,918	Pre-Funding Information Sept 22, 2015 12:47:58 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by SteveT on Sept 22, 2015 12:47:58 GMT Anyone spot how much of Pebble 59 was pre-funded at launch?

nickthefool Posts: 154 Likes: 23	Pre-Funding Information Sept 22, 2015 13:34:09 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by nickthefool on Sept 22, 2015 13:34:09 GMT Sept 22, 2015 12:47:58 GMT SteveT said: Anyone spot how much of Pebble 59 was pre-funded at launch? I didn't note it down, but there was a little over 20% available when I logged in a few minutes after it launched.

Post by Investor on Sept 7, 2015 13:21:50 GMT

Post by webwiz on Sept 8, 2015 18:15:32 GMT

Post by SteveT on Sept 8, 2015 18:19:01 GMT

Post by nickthefool on Sept 8, 2015 18:31:45 GMT

Post by trevor on Sept 8, 2015 18:33:10 GMT

Post by adrianc on Sept 8, 2015 19:59:10 GMT

Post by sqh on Sept 8, 2015 20:16:54 GMT

Post by SteveT on Sept 8, 2015 20:41:09 GMT

Post by sqh on Sept 8, 2015 20:45:44 GMT

Post by savingstream on Sept 8, 2015 23:29:54 GMT

Post by arbster on Sept 9, 2015 7:39:45 GMT

Post by borofan on Sept 11, 2015 13:29:03 GMT

Post by star dust on Sept 11, 2015 15:22:51 GMT

Post by SteveT on Sept 22, 2015 12:47:58 GMT

Post by nickthefool on Sept 22, 2015 13:34:09 GMT