grahamg
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Post by grahamg on Nov 13, 2015 13:52:38 GMT
Hi ed
Will you be correcting the particulars on the website for the cashback in line with the discussion, so we all know the exact rules.
Also the headline rate still shows 0.00% although it does say 12% in the text .
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Nov 13, 2015 16:40:06 GMT
Hi ed Will you be correcting the particulars on the website for the cashback in line with the discussion, so we all know the exact rules. Also the headline rate still shows 0.00% although it does say 12% in the text . The 0% was explained earlier - that is precisely what you will be earning until such time as it draws down in a couple of weeks, and at that point it will be updated to show 12%.
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Post by Deleted on Nov 13, 2015 17:08:37 GMT
I just noticed the two unfilled car loans have either £175k or £215k invested in them. At this moment in time the new large loan has £208k invested in it. These figures line up with my estimate of base credit individual loan availability from MT lenders of £200k So the £1.8M required needs the bigger guns to come out. Should be fun Still we have time. EditSaturday 14th morning; roughly 10% of the time gone and 10% offered. Monday 16th afternoon; roughly 25% of the time gone and 11% offered. Monday 16th 5pm, Ed launches 1.5% CB before drawdown. 16% offered by 7pm Tuesday 17th noonish, 19% offered Wednesday 18th morning 22% offered need to start seeing some bigger guns, though I note Ed suggested 70% might make it as he can top up. Thursday 19th morning 26% offered Friday 20th post lunch 30% offered and almost 50% of the time passed. Still very possible Monday 23rd morning still at 30% so all down to this week to solve. Tuesday 24th noon 38% offered, only three days to go
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jonbvn
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Post by jonbvn on Nov 13, 2015 18:53:08 GMT
the bigger guns to come out. Still we have time. Not bigger guns. Just the ability to sell loan parts (via a SM) in the future (just like SS). Until this happens I doubt this loan will even make 30% investment.
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hazellend
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Post by hazellend on Nov 13, 2015 18:53:09 GMT
I just noticed the two unfilled car loans have either £175k or £215k invested in them. At this moment in time the new large loan has £208k invested in it. These figures line up with my estimate of base credit individual loan availability from MT lenders of £200k So the £1.8M required needs the bigger guns to come out. Should be fun Still we have time. My prediction is that it will fill extremely easily towards the end.
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duck
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Post by duck on Nov 14, 2015 7:43:40 GMT
This is in some ways a difficult one for me. Yes the temptation is to hold off till the last minute but sometimes I take the bigger picture into account.
Seeing a loan fill slowly (or not at all in extremis) doesn't exactly give any confidence to potential new lenders or lenders those that don't read this forum and know peoples 'cunning plan'. If a platform is to prosper it needs to be seen to get loans away in an orderly and timely manner. This gives confidence not only to existing lenders but also to those who sat on their wallets, those running the platform and potential borrowers .... almost a self perpetuating cycle.
So to that end I have added a few hundred as a starter and will be adding to that over the coming week, I'm not waiting for the 'end date'.
Yes I am taking a very small hit but in the long run a prospering platform with good loans is a far better prospect than a few days potential interest.
That said, I do like the Ablrate 'instant returns' and make decent use of them .....
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kermie
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Post by kermie on Nov 14, 2015 10:57:04 GMT
It may also take a little longer for some "big guns" to shuffle money around. I am certainly no "big gun", but re-allocating money can sometimes take a few days. Let's see where we are at the end of the coming week.
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Post by ogwellian on Nov 14, 2015 11:20:35 GMT
There's a lot to fill from a relatively small user base.
The Supercars are still available and isn't the first Broadoak loan due soon?
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grahamg
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Post by grahamg on Nov 14, 2015 11:34:52 GMT
There's a lot to fill from a relatively small user base. The Supercars are still available and isn't the first Broadoak loan due soon? SS Fill these all the time, but not without backing/underwriter . but they have 5200+ investors!
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Post by ogwellian on Nov 14, 2015 11:45:39 GMT
There's a lot to fill from a relatively small user base. The Supercars are still available and isn't the first Broadoak loan due soon? SS Fill these all the time, but not without backing/underwriter . but they have 5200+ investors! Yes and they're my favourite of the higher risk platforms. But they do have an SM which makes investments virtually instant access. I recently ran down my portfolio, piled into the three CB loans and have since fully diversified again.
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boundah
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Post by boundah on Nov 14, 2015 12:40:27 GMT
I've just put my first cash into MT for this one, having up till now been entirely with SS. I'd be tempted to put a lot more in if there was a SM tho - not sure why this isn't up and running?
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SteveT
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Post by SteveT on Nov 14, 2015 12:48:46 GMT
I've just put my first cash into MT for this one, having up till now been entirely with SS. I'd be tempted to put a lot more in if there was a SM tho - not sure why this isn't up and running? Ed confirmed yesterday that the SM remains on track to launch around month-end (it's only in the last couple of weeks that loans big enough to need an SM have started flowing through): Morning,
Having just been catching up Shuang this morning, the SM is still on track for launch at the end of this month. (The only risk that it could overunn by a couple of days only if anything significant is identified during testing during the week commencing the 23rd).
Kind regards,
Ed
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Nov 14, 2015 18:14:02 GMT
MoneyThing Is interest being retained up front or being serviced monthly by borrower? Whos paying CB MT or borrower? thanks
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grahamg
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Post by grahamg on Nov 14, 2015 18:18:11 GMT
Construction site in August, I think its the end of block C ?
(Edit) So SS loan secured against hole in ground! So "C loan" repays "B loan" and second MT loan builds "B" which then repays "C loan" etc etc! ?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Nov 14, 2015 19:16:28 GMT
Construction site in August, I think its the end of block C ? (Edit) So SS loan secured against hole in ground! So "C loan" repays "B loan" and second MT loan builds "B" which then repays "C loan" etc etc! ? As follows AIUI 1) Site C - 1st charge loan to buy site, start construction? 2) Site B - 1st charge SS loan repays an existing lender (site purchase?) and pays for construction of C 3) Site C - 1st charge MT tranche 1 repays loan #1, tranche 2 completes build Sale of site C units - 50% proceeds during construction help finance build (1-1.5mil to date), rest plus freehold sale pay off loans #2 & #3 (plus further loan below?) Profits from sales of C plus further loans in 2016 build B There is a loan from A***** finance which is for the development of C but unclear if this is loan #1 or not
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