ben
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Post by ben on Jan 4, 2017 10:03:51 GMT
Morning, We have one new loan going live this afternoon at 1pm. 1) Jewellery Grouped Asset Loan. Loan value of £210,000 (value £303,000) LTV 69.31% Loan Term - 6 months Bid limit £5,000 You can see these loan in Pipeline Loans.Many thanks, Gordon Do you not think the minimum bid is a bit high? as the last few of a similar amount has gone within the first hour.
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Post by sannytwist on Jan 4, 2017 10:13:50 GMT
Isn't £5k the maximum bid limit, not minimum. So anything up top £5k you can bid on that loan.
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Post by Ton ⓉⓞⓃ on Jan 4, 2017 10:15:36 GMT
Hi
Please remember that certain threads are intended for platform staff only.
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treeman
Member of DD Central
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Post by treeman on Jan 4, 2017 10:28:44 GMT
Slightly sideways - would Collateral Rep consider dropping the bid limit on small loan renewals, where availability is very limited, to say £20 to allow a few more to get bids in? |
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Post by sannytwist on Jan 4, 2017 10:30:13 GMT
Hi Please remember that certain threads are intended for platform staff only. Sorry, l forgot about that.
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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 Jan 4, 2017 13:32:17 GMT
I would agree with the reduction of bid size where there is a very limited availability. I would propose 1% of available or £10 whichever is greater.
With the £50 limits on the ones earlier it is only avaialble for less than 20 bidders and usually goes within milliseconds and it clogs your server.
Any thoughts anyone? Gordon?
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Post by Collateral Rep on Jan 4, 2017 13:55:17 GMT
Hi,
Yes we can look to drop the bid limits on the smaller amounts.
Many thanks,
Gordon
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