registerme
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Post by registerme on Sept 5, 2017 11:20:12 GMT
"As of today, we have made some changes to our autolend process: * You can now choose different Autolend amounts for different categories of loans at unbolted.com/uk/lenders/auto-lend/. * We have added a new loan category to the Autolend choices which will allow you to invest automatically in bespoke loans to businesses or through our auction partners. * Until now, small loans have been put up for sale as we cannot allocate them in large enough amounts to all our lenders who have provided us with Autolend instructions. Going forward, this process will change and small loans will also be allocated through Autolend to a random sub-section of lenders with Autolend instructions". Very nice, particularly the last point. |
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hendragon
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Post by hendragon on Sept 5, 2017 11:27:15 GMT
Just had an online chat with Rito of UB. It seems that they have a good plan in place ie for a small loan of £500 he suggested that there would be 100 random chunks of £5. It does seem to be a good solution to the FFF at the moment. UB also seem open to suggestion to tweek or modify the process. My impression of UB continues to improve.
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greatmarko
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Post by greatmarko on Sept 5, 2017 12:03:28 GMT
* Until now, small loans have been put up for sale as we cannot allocate them in large enough amounts to all our lenders who have provided us with Autolend instructions. Going forward, this process will change and small loans will also be allocated through Autolend to a random sub-section of lenders with Autolend instructions". So is that essentially a roundabout way of saying that there will be no more manual bidding at all on Unbolted?
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Post by beeje13 on Sept 5, 2017 15:06:13 GMT
I've left the bespoke lending switched off for now, but will keep an eye on the loans that come up and see exactly what they are. The Auto-Lend on smaller loans is good too I think. Its pure luck if I get one, for the sake of the small size loan parts automating this just makes it easier for us. Topped up my account  |
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DiQ
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Post by DiQ on Sept 8, 2017 15:23:01 GMT
Seems like a good solution to me. Repeatedly being interrupted to invest £10 wasn't really a winner.
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hantsowl
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Post by hantsowl on Sept 8, 2017 15:33:23 GMT
I don't like the 'luck' element of the auto-allocation. Why not make it fairer and use some kind of cyclical queue where people allocated a chunk would effectively go to the bottom of the queue and gradually work their way back to the top as more of these loans are allocated?
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IFISAcava
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Post by IFISAcava on Sept 8, 2017 17:38:52 GMT
Seems like a good solution to me. Repeatedly being interrupted to invest £10 wasn't really a winner. 0.65%, 6 months - 32.5 p Agreed, better as it is now.
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registerme
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Post by registerme on Sept 8, 2017 20:30:26 GMT
I don't like the 'luck' element of the auto-allocation. Why not make it fairer and use some kind of cyclical queue where people allocated a chunk would effectively go to the bottom of the queue and gradually work their way back to the top as more of these loans are allocated? Yeah, that occurred to me too. Simpler and fairer - new Unbolted users could simply join the back of the queue. Still, I imagine that they're are watching it, and our reaction to it, and will look at it again if it proves to be sub-optimal.
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jonah
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Post by jonah on Sept 9, 2017 18:28:16 GMT
A queue would also get a thumbs up from my, but then I am British! |
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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 Sept 9, 2017 21:11:04 GMT
Needs to stay totally random or a queue system introduces the need to keep cash on account for when your turn comes round.
Alternatively, ubl could allow prople that are not interested in £5 allocations to opt out and leave more for the smaller investors.
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savernake
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Post by savernake on Sept 10, 2017 14:42:35 GMT
Needs to stay totally random or a queue system introduces the need to keep cash on account for when your turn comes round. Alternatively, ubl could allow prople that are not interested in £5 allocations to opt out and leave more for the smaller investors. But don't you also need to keep cash on account for the random system too? Regardless of which system is used, you'd miss out on the loan allocation if you haven't got enough cash in your account.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
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Post by stub8535 on Sept 10, 2017 14:59:05 GMT
Needs to stay totally random or a queue system introduces the need to keep cash on account for when your turn comes round. Alternatively, ubl could allow prople that are not interested in £5 allocations to opt out and leave more for the smaller investors. But don't you also need to keep cash on account for the random system too? Regardless of which system is used, you'd miss out on the loan allocation if you haven't got enough cash in your account. No. I had investments in most loans already. I can see when they are due and time my transfers accordingly. Ones that repay leave money for new loans.
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