sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Jan 19, 2016 12:28:38 GMT
MT235 is rolling over with a £50 limit on 22nd Jan. I currently have £6 invested in this loan.
If I rollover the £6, can I still invest another £50 on 22nd Jan, or am I limited to £44, or am I limited to £0 because my £6 is classed as one investment in the first 24 hours. ?
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paulg
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Post by paulg on Jan 19, 2016 13:07:57 GMT
MT235 is rolling over with a £50 limit on 22nd Jan. I currently have £6 invested in this loan. If I rollover the £6, can I still invest another £50 on 22nd Jan, or am I limited to £44, or am I limited to £0 because my £6 is classed as one investment in the first 24 hours. ? You can invest another £50.
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Post by pepperpot on Jan 19, 2016 13:43:05 GMT
MT235 is rolling over with a £50 limit on 22nd Jan. I currently have £6 invested in this loan. If I rollover the £6, can I still invest another £50 on 22nd Jan, or am I limited to £44, or am I limited to £0 because my £6 is classed as one investment in the first 24 hours. ? You can invest another £50. Or at least try to!
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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
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Post by sqh on Jan 19, 2016 16:01:42 GMT
MT235 is rolling over with a £50 limit on 22nd Jan. I currently have £6 invested in this loan. If I rollover the £6, can I still invest another £50 on 22nd Jan, or am I limited to £44, or am I limited to £0 because my £6 is classed as one investment in the first 24 hours. ? You can invest another £50. Thanks. That wasn't the answer I was expecting, because the email says "The remaining balance of the renewed loan will be made available to all other lenders when it goes live at 4pm on Friday 22nd January 2016."
Not like FS then.
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Post by MoneyThing on Jan 19, 2016 16:23:38 GMT
You can invest another £50. Thanks. That wasn't the answer I was expecting, because the email says "The remaining balance of the renewed loan will be made available to all other lenders when it goes live at 4pm on Friday 22nd January 2016."
Not like FS then.
Thank you for pointing that out. Will amend the email to remove the 'other'. Regards, Ed.
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paulg
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Post by paulg on Jan 19, 2016 16:27:13 GMT
You can invest another £50. Thanks. That wasn't the answer I was expecting, because the email says "The remaining balance of the renewed loan will be made available to all other lenders when it goes live at 4pm on Friday 22nd January 2016."
Not like FS then.
Yes, that part of the wording of the the renewal notice could be read as only applying to 'other lenders' but it's the standard wording that's gone out with previous renewals and it's never meant that there's a restriction on existing lenders, though some lenders have expressed the idea in the past that there should be such a restriction. Edit: Crossed with Ed.
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ilmoro
Member of DD Central
'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 Jan 19, 2016 16:29:44 GMT
Thanks. That wasn't the answer I was expecting, because the email says "The remaining balance of the renewed loan will be made available to all other lenders when it goes live at 4pm on Friday 22nd January 2016."
Not like FS then.
Yes, that part of the wording of the the renewal notice could be read as only applying to 'other lenders' but it's the standard wording that's gone out with previous renewals and it's never meant that there's a restriction on existing lenders, though some lenders have expressed the idea in the past that there should be such a restriction. I think Ed has explained before that there isnt currently a way of introducing a mechanism to prevent existing lenders taking a bite at a renewal
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