SteveT
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Post by SteveT on Jan 28, 2016 12:45:31 GMT
Just how quick will we have to be to land a bid? Are talking seconds, minutes, hours, or should we be okay within the first 24 hr restricted bid period? I had alternative plans to playing on a pc/phone at 9pm on a Friday night...... I may be wrong but my guess is this one will make it through the first 24 hours and then see the rest hoovered by the deeper-pocketed amongst us. Many MT lenders are already in the first tranche of this project (the 2nd charge) and 1% extra for the 3rd charge isn't exactly setting my world alight. However it will be a good place to park free cash for a while as it will fly on the SM further down the line.
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am
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Post by am on Jan 28, 2016 12:47:06 GMT
Just how quick will we have to be to land a bid? Are talking seconds, minutes, hours, or should we be okay within the first 24 hr restricted bid period? I had alternative plans to playing on a pc/phone at 9pm on a Friday night...... Bidding starts at 4pm, not 9pm. Recently loans have been available for minutes (for small loans) to hours (for large loans). I recall one of the property loans lasting more than 24 hours, but that may have been a ten-percenter.
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Post by MoneyThing on Jan 28, 2016 12:48:46 GMT
Just how quick will we have to be to land a bid? Are talking seconds, minutes, hours, or should we be okay within the first 24 hr restricted bid period? I had alternative plans to playing on a pc/phone at 9pm on a Friday night...... I am fairly confident that it will last at least 24hrs. Regards, Ed.
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SteveT
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Post by SteveT on Jan 28, 2016 12:49:19 GMT
Just how quick will we have to be to land a bid? Are talking seconds, minutes, hours, or should we be okay within the first 24 hr restricted bid period? I had alternative plans to playing on a pc/phone at 9pm on a Friday night...... Bidding starts at 4pm, not 9pm. Recently loans have been available for minutes (for small loans) to hours (for large loans). I recall one of the property loans lasting more than 24 hours, but that may have been a ten-percenter. The big 10%-er (Manchester) lasted about 3 weeks over Xmas & New Year!
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Post by MoneyThing on Jan 28, 2016 12:51:57 GMT
Bidding starts at 4pm, not 9pm. Recently loans have been available for minutes (for small loans) to hours (for large loans). I recall one of the property loans lasting more than 24 hours, but that may have been a ten-percenter. The big 10%-er (Manchester) lasted about 3 weeks over Xmas & New Year! Also, the last Cardiff loan (£521K at 12%), lasted 3.5 days.
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nick
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Post by nick on Jan 28, 2016 13:05:42 GMT
Great - I'm sure where I got 9pm from, but it sounds like one can be a bit leisurely in bidding which is refreshing and will be a break from the mad scramble experienced on other platforms.
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SteveT
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Post by SteveT on Jan 28, 2016 13:37:08 GMT
The big 10%-er (Manchester) lasted about 3 weeks over Xmas & New Year! Also, the last Cardiff loan (£521K at 12%), lasted 3.5 days. I hope this one does; there's going to be a wall of Saving Stream interest looking for a home on Monday afternoon!
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ben
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Post by ben on Jan 28, 2016 14:19:34 GMT
Also, the last Cardiff loan (£521K at 12%), lasted 3.5 days. I hope this one does; there's going to be a wall of Saving Stream interest looking for a home on Monday afternoon! It will probably last first few hours and be gone in 24 hours, few of the bigger investors will get any left over by then, you could always spend you Monday interest before you get it
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pom
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Post by pom on Jan 29, 2016 12:32:40 GMT
Ed MoneyThing isn't this also linked (ie same borrower) to MT306? Thanks
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Post by MoneyThing on Jan 29, 2016 12:34:00 GMT
Ed MoneyThing isn't this also linked (ie same borrower) to MT306? Thanks Correct - same borrower. Regards, Ed.
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davex
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Post by davex on Jan 29, 2016 14:14:52 GMT
Just how quick will we have to be to land a bid? Are talking seconds, minutes, hours, or should we be okay within the first 24 hr restricted bid period? I had alternative plans to playing on a pc/phone at 9pm on a Friday night...... I am fairly confident that it will last at least 24hrs. Regards, Ed. Am currently on holiday in Australia, it goes live at midnight my time. Taking your comment Ed perhaps i need not set my alarm clock. We shall see.
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Post by MoneyThing on Jan 29, 2016 14:20:43 GMT
I am fairly confident that it will last at least 24hrs. Regards, Ed. Am currently on holiday in Australia, it goes live at midnight my time. Taking your comment Ed perhaps i need not set my alarm clock. We shall see. If you are worried about missing it, you could email support@moneything.com with your bid instruction and I am sure one of the Things will be happy to place your bid for you. Regards, Ed.
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mikeh
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Post by mikeh on Jan 29, 2016 16:04:13 GMT
2/3 gone in 3.5mins!
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j
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Post by j on Jan 29, 2016 16:05:52 GMT
Might get a little bit left over the initial 24hr period simply due to full capacity with max bid but, it sure looks like it will dispappear very quickly tomorrow once the 24hr bid limit is lifted.
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davex
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Post by davex on Jan 29, 2016 16:16:00 GMT
Am currently on holiday in Australia, it goes live at midnight my time. Taking your comment Ed perhaps i need not set my alarm clock. We shall see. If you are worried about missing it, you could email support@moneything.com with your bid instruction and I am sure one of the Things will be happy to place your bid for you. Regards, Ed. Thank you for that offer Ed. Got my slice of the pie.
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