derbyfella
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Post by derbyfella on Jan 31, 2017 18:27:02 GMT
" If you would like to remain in the loan until the new end date, please go into your Asset Exchange loans and click ‘Renew’."
Tried to do this and no renew option there on mine yet....am I missing something or am I just to early?
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oldgrumpy
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Post by oldgrumpy on Jan 31, 2017 18:29:49 GMT
" If you would like to remain in the loan until the new end date, please go into your Asset Exchange loans and click ‘Renew’."
Tried to do this and no renew option there on mine yet....am I missing something or am I just to early?
Go to the "loans" tab, not "my loans". Scroll down to find all your renew options - right hand column. edit ........ Oh, not there yet. Go to "loans" tab, then click "pending loans" and do it from there. You only get the option for the loans you are already in. 
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archie
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Post by archie on Jan 31, 2017 18:32:41 GMT
" If you would like to remain in the loan until the new end date, please go into your Asset Exchange loans and click ‘Renew’."
Tried to do this and no renew option there on mine yet....am I missing something or am I just to early?
Go to the "loans" tab, not "my loans". Scroll down to find all your renew options - right hand column. You can also tick them on the Pipeline tab.
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stevio
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Post by stevio on Jan 31, 2017 21:38:04 GMT
MoneyThing guess there is no chance in you competing with the new lender and coming back to us with a suggested rate you could offer us lenders? It's just a shame there seems to be a pattern of big loans going off platform, realise you have tried offering in tranches and think last big one this way was football stadium, that was unfortunate the loan didn't work out being size planned. We appreciate your platform service and are willing you to succeed with bigger loans, but not sure what can be done?
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dermot
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Post by dermot on Feb 1, 2017 0:01:15 GMT
Yep, I'll be sorry to see them go too; a significant fraction of my MT loans are to them.
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freddy
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Post by freddy on Feb 1, 2017 1:04:14 GMT
Also sorry to see these go. About 10k I need to find a new home for. That'll be tough with everyone in the same boat fighting to reinvest repaid funds at a decent rate of return. Ho Hum.
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Post by faeryl on Feb 1, 2017 2:29:33 GMT
I'll be very sad to see them go.
After an intense 3 hour session before the large recent loan went live I sold a load of the other loans I had excess holdings in looking to diversify into lovely auto renewing AE loans.
Only to find out a day later they will be ending in July and I made a schoolboy error in assuming they would be ever present.
Ah well, the best laid plans of mice and men eh?
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archie
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Post by archie on Feb 1, 2017 6:59:41 GMT
It might be a dangerous precedent to offer them a lower rate. We don't want other borrowers approaching alternative platforms with the intention of getting a reduced rate offer from MT.
One way it might work is if the funds were replaced by a reducing loan so that have to repay capital + interest each month.
I like the loans on here because I trust the Things to monitor them. I'll be less inclined to invest in AE on another platform at a lower rate.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Feb 1, 2017 8:57:29 GMT
Hi. I notice some of the loans have 100% availability seemingly showing yet my borrowing is ticked to renew.
I think you are trying to indicate ( where there is 100% displayed) that there is nothing available. Available is the column heading so where there is no availability the column should read 0.
Confused!
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registerme
Member of DD Central
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Post by registerme on Feb 1, 2017 8:57:51 GMT
I'll be sorry to see them go too, except I won't be. I'll miss the returns but.... the platform hooked up a borrower who struggled to get traditional finance with lenders who had capital looking for a return. The business has now matured to the point where it can obtain better rates from more traditional finance, and the lenders will be repaid their capital (plus the interest they've earn't in the meantime). In short we've all performed our function, and overall it worked very well. In fact it ticks every "job well done" P2P box that I can think of . |
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archie
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Post by archie on Feb 1, 2017 9:01:01 GMT
Hi. I notice some of the loans have 100% availability seemingly showing yet my borrowing is ticked to renew. I think you are trying to indicate ( where there is 100% displayed) that there is nothing available. Available is the column heading so where there is no availability the column should read 0. Confused! Availability is only set on the morning the renewal is due to go live when the rollovers are processed.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Feb 1, 2017 9:07:25 GMT
Archie. I am aware of when they list availability is after lenders have had a chance to invest again or not. The figure, where there is nothing available, normally quotes 0 I think. Today this is not the case and it's the first consolidation I have observed.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
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Post by stub8535 on Feb 1, 2017 9:15:15 GMT
Archie. I hadn't spotted the different Batch dates. I realise what you were getting at now.
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SteveT
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Post by SteveT on Feb 1, 2017 10:02:10 GMT
There is approx. £17k availability (after the renewal requests were processed) across the 4 loans that go live this afternoon, with a £25 bid limit on each.
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freddy
Member of DD Central
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Post by freddy on Feb 1, 2017 10:42:59 GMT
I'll be sorry to see them go too, except I won't be. I'll miss the returns but.... the platform hooked up a borrower who struggled to get traditional finance with lenders who had capital looking for a return. The business has now matured to the point where it can obtain better rates from more traditional finance, and the lenders will be repaid their capital (plus the interest they've earn't in the meantime). In short we've all performed our function, and overall it worked very well. In fact it ticks every "job well done" P2P box that I can think of . From that perspective, I completely agree.
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