IFISAcava
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Post by IFISAcava on Jul 20, 2017 16:51:21 GMT
It's a new form of recycled cash drag! Although I am not sure if all of the pre-invested cash gets the bonus interest or it's just for the bit that eventually gets funded. I'll check. I was curious about this as well. I checked with PP and as expected it is just the portion eventually funded that earns interest. I'm considering using auto-invest for the remaining properties in the summer promotion. Funds invested that way are not subject to the same scale back and earn 3% interest on funds waiting to be invested. There should be at least 5 properties still to come in the 5% offer, assuming one a week continues. Whether I'd actually want to invest in all of them is another matter  The property launched today had a slightly lower level of scale back, investors receive 55.27% of their requested order. The next property could be less popular as the dividend yield, once the promotion ends, is a lot less. problem is, as you say, some of the properties are a bit more attractive than others, so I'd prefer some say over how much goes into each. Not sure you can do that with autoinvest. I'm putting less into current one (as I don't want as much of it, and because I expect a smaller scale back). Since properties are only up for a week or so at the moment, the lost 3% interest is pretty minimal.
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Post by sayyestocress on Aug 2, 2017 9:44:28 GMT
I'm considering using auto-invest for the remaining properties in the summer promotion. Funds invested that way are not subject to the same scale back and earn 3% interest on funds waiting to be invested. There should be at least 5 properties still to come in the 5% offer, assuming one a week continues. I've resorted to using auto-invest for the remainder of this promotion like you suggested. I've managed to get my scale back predictions completely wrong (overestimated) for all of these 'enhanced returns' properties except for one that I got bang-on  I was very surprised to see this latest property pre-order not even filling, what with the 5% for two years and an above average predicted dividend (3.7%) beyond that. Perhaps PP investors don't like how far north it is?! 
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snowmobile
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Post by snowmobile on Aug 18, 2017 11:31:32 GMT
I decided against using auto-invest in the end. The last couple of properties have been less popular anyway.
However I've spotted a few large amounts for Chester on the 'recent trades' ticker, there was one investment of more than £30k this morning. I am fully expecting this one, being smaller, is going to be significantly scaled back.
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Steerpike
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Post by Steerpike on Aug 22, 2017 11:03:12 GMT
The offer was for an enhanced rental income of 5% for two years on all new listing properties over the summer period, I can't see where on the PP site "summer period" is defined.
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macq
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Post by macq on Aug 22, 2017 18:49:27 GMT
with auto invest it says the first payment is split over 5 properties.Is it same for the monthly payment or can you put more money in then there are properties that month? if so then what happens does the money roll over?
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sd
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Post by sd on Aug 23, 2017 7:27:45 GMT
with auto invest it says the first payment is split over 5 properties.Is it same for the monthly payment or can you put more money in then there are properties that month? if so then what happens does the money roll over? I asked the same question on a chat session with one of their agents recently. The response was: "Each time your auto-invest account has funds added to it, the newly added funds will be automatically allocated across the next five upcoming properties that get listed on the marketplace. This applies to lump sum payments you make into your Auto-invest account as well as your automatic monthly debits. Dividends you earn on your properties over time will be automatically invested in upcoming properties if you have this feature enabled." Looks like a direct cut and paste from the autoinvest FAQs that I later found. propertypartner.co/howitworks/faqs#/faqs-autoinvest
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macq
Member of DD Central
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Post by macq on Aug 23, 2017 7:39:46 GMT
with auto invest it says the first payment is split over 5 properties.Is it same for the monthly payment or can you put more money in then there are properties that month? if so then what happens does the money roll over? I asked the same question on a chat session with one of their agents recently. The response was: "Each time your auto-invest account has funds added to it, the newly added funds will be automatically allocated across the next five upcoming properties that get listed on the marketplace. This applies to lump sum payments you make into your Auto-invest account as well as your automatic monthly debits. Dividends you earn on your properties over time will be automatically invested in upcoming properties if you have this feature enabled." Looks like a direct cut and paste from the autoinvest FAQs that I later found. propertypartner.co/howitworks/faqs#/faqs-autoinvestthanks- its the faq that got me thinking in the first place if its 2/3 properties a month the monthly payment (or even the lump sum) will take a while to get invested and each months payment is rolling over.Guess i will need to contact them
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Post by sayyestocress on Aug 23, 2017 8:28:28 GMT
The offer was for an enhanced rental income of 5% for two years on all new listing properties over the summer period, I can't see where on the PP site "summer period" is defined. I remember reading that it ended at the end of August somewhere. I thought it was in the terms and conditions but having re-checked them it doesn't seem to be there... Regarding the auto-invest; when I looked into it my interpretation was that each deposit was treated independently (be it one-off lump sum or monthly) and would be split between the next five properties that got listed (unless auto invests got scaled back) regardless of whether you have other money from a different deposit being allocated to the same listing. This would mean that if there have been fewer than 5 properties between your deposits then there will be some doubling up (or potentially higher) on the listings. As a result I decided not to use monthly deposits and just use lump sum for more control on how much goes into each listing. If you speak to PP and learn otherwise please correct me.
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sd
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Post by sd on Aug 23, 2017 19:59:08 GMT
"when I looked into it my interpretation was that each deposit was treated independently (be it one-off lump sum or monthly) and would be split between the next five properties that got listed"
hi Sayyestocress, Your comment above is my interpretation of the FAQ and is consistent with the chat I had with them. Autoinvest doesn't get scaled back.
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Post by sayyestocress on Aug 23, 2017 21:33:39 GMT
Autoinvest doesn't get scaled back. Whilst it doesn't get scaled back with the non autoinvest pre-orders when they are oversubscribed, there's a bit somewhere in the terms that if the auto-invest funds exceed the listing value then they will be scaled back. This is yet to happen to my knowledge, though. It's why they say the auto invesment will go into at least 5 listings to cover such an eventuality.
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I was very surprised to see this latest property pre-order not even filling, what with the 5% for two years and an above average predicted dividend (3.7%) beyond that. Perhaps PP investors don't like how far north it is?! 
