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Post by timm2006 on Jan 5, 2017 16:24:22 GMT
Hi
I'm a big fan of MT but getting increasingly frustrated on the impossibly fast speed of loans filling. Today there were two loans going live at 16pm and I logged on at 15:58 in order to get into the action. By 16:01 the action was all over and both loans were 100% filled despite a £40 limit. Immediately at 16pm I pressed the Invest button and by the time I clicked Invest, I managed to just get the last £3 remaining. Wow! It's now almost impossible to get into any loan which is hugely disappointing. Am I missing something? How on earth does anybody else get into the loans anymore?
I wish they had a pre-allocate feature like SS so I could set my amount in advance or an auto-bid like other platforms.
If it continues as popular as this they will have to do something about giving everyone a chance to get into a loan!
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archie
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Post by archie on Jan 5, 2017 16:30:40 GMT
I got both and there was still some left afterwards but they did go within about 50 seconds. Renewals are always quick as most people retain their holdings so hardly any available.
Pre-allocation would mean you'd get about £3 each.
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Post by d_saver on Jan 5, 2017 16:30:48 GMT
I think this was just because both were roll-overs and MT had already stated they were 97.7% fully allocated before whatever didn't get renewed went live. I got £40 of one, but the other one went too quick. But, there was very, very little of it to begin with.
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Neil_P2PBlog
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Post by Neil_P2PBlog on Jan 5, 2017 16:31:59 GMT
These were renewals, and it had said in the email 'Please note that the current combined rollover is 97.5%', so it was next to impossible to get a piece of these!
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elliotn
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Post by elliotn on Jan 5, 2017 16:35:32 GMT
Got kicked off the first one ('invalid session') and the little bit left on second one had gone after submission. So at least I have 80 quid to get something on SM, presumably a football ground or Mancunian hall.
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Post by timm2006 on Jan 5, 2017 16:41:06 GMT
Hi
Thanks for the replies - yes, I think in future I'll have to just concentrate on new loans rather than renewals. My heart just can't take the excitement otherwise!
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Post by d_saver on Jan 5, 2017 16:43:54 GMT
On the plus side, I got to test the MT withdrawal system for the first time. I'd funded 80, so out comes the 40 plus the pennies interest. Amazingly, it was already in my account a few minutes ago. Well done MT! Compared to AC where I asked for a withdrawal 0920 Tuesday and am still waiting.... Little things like this do give you more confidence in a platform.
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Post by trentenders on Jan 5, 2017 17:00:40 GMT
If it continues as popular as this they will have to do something about giving everyone a chance to get into a loan!
If it continues as popular as this then they can pretty much do what they want!
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Post by marcusponds on Jan 5, 2017 17:37:05 GMT
If it continues as popular as this they will have to do something about giving everyone a chance to get into a loan!
If it continues as popular as this then they can pretty much do what they want!
As Archie said pre allocation would have been pointless as we would have all got circa £3. I managed to get £40 but really it was a waste of my time when I will earn the grand total of £2.38 interest on this loan. To be fair to MT their are some juicy loans coming up in the next couple of weeks so I suggest you go for those - and use the time to do your due diligence on them.
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archie
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Post by archie on Jan 5, 2017 18:01:38 GMT
Hi Thanks for the replies - yes, I think in future I'll have to just concentrate on new loans rather than renewals. My heart just can't take the excitement otherwise! If you check the pipeline on the morning of a renewal (once the rollovers have been processed) it'll tell you exactly how much of each loan is available. Sometimes they are a bit easier to get. 
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madpierre
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Post by madpierre on Jan 5, 2017 18:37:30 GMT
I have given up trying for these as sometimes even when there's a couple of thousand left (which is a fair few £40s) I still have not grabbed any. I think there was more than £3,000 on one of the loans today (I could be wrong) so there must be an awful lot of fast fingers  |
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Post by GSV3MIaC on Jan 5, 2017 18:38:29 GMT
Yes, IIRC there were only about 30x£40 'bites' available on one of the loans, and maybe 90 on the other one. Perhaps if Ed had had "prefunding info" he would have set the max Bid a bit lower (£20 or £10) but there would still have been a lot of disappointed customers.
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GeorgeT
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Post by GeorgeT on Jan 7, 2017 13:08:23 GMT
It can be hard sometimes because what you have is a quality product with a limited supply but if you organise your life around the timings and be ready on the dot you can be successful.
The quality part about money thing is the man behind it all Mr Ed Pierce . I have to say his performance is 10 out of 10 all the time and the way he make sure to keep all of the cheaters and Bots off the site is a pleasure for me to behold after seeing the destruction of other sites with bots and robots taking over to snuffle out the Common Man and being allowed to prosper because the owners put profit before equitability and morals.
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Post by marcusponds on Jan 25, 2017 13:04:48 GMT
I'm sure I saw on another thread that at least one investor has over £500k with MT. How on earth did they manage that...?
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ilmoro
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Post by ilmoro on Jan 25, 2017 13:10:40 GMT
I'm sure I saw on another thread that at least one investor has over £500k with MT. How on earth did they manage that...? Depends when they started, possible to invest significant sums last year. Some loans sat around for a little while (M******** Hall for example) Its the reason BPF loans have a buyback date for any portion of a loan not taken up by that point so that lenders can sell on SM without undue delay
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