toast
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Post by toast on Mar 1, 2018 13:12:21 GMT
'Lending Works is offline for planned maintenance on Thursday 1st March 2018 between 13:00 and 13:15.' Don't panic Mr Mainwaring!
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toast
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Post by toast on Feb 28, 2018 18:10:00 GMT
And also an FT journalist there wanting to chat to lenders...
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toast
Member of DD Central
Posts: 158
Likes: 90
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Post by toast on Feb 25, 2018 12:47:46 GMT
One possible way to improve things would be to pool the amounts on sale so buyers are allocated parts from each seller. Shrapnel for all! How would you allocate buyer's funds to sellers? e.g. If someone bought £66 and there were 33 different sellers, would they get £2 each or would someone wanting to sell £1000 get 10x the allocation of someone selling £100?That could help, but seems trickier to implement in a fair way. If all of a buyer's money goes to satisfying a subset of these tiny amounts for sale, then you'd probably want next buyer to pick up bits belonging to other sellers of tiny amounts. Maybe we could think of it as a queue system for seller's tiny amounts and a pool for bigger pieces? I pondered if it would be worth trying to "game the system" by selling in bits of £1/£2 a time, but concluded that would just be too much hassle.I strongly support proposal of ideas - good food for thought
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toast
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Post by toast on Feb 24, 2018 19:53:41 GMT
B I imagined it working something like this: you'd commit funds to purchase a loan for which there was none available on the secondary market and you join the buyer queue. This reduces your account balance and you earn no interest on these funds whilst they're in the queue. When you get to the front of the queue, your allocated funds are used to buy the next part put up for sale. Maybe variable pricing is a better solution? I can't decide... But either way, I'd still prefer developer resources to focus on IFISA Well done, you've just re-invented Ablrate's (very good) secondary market place ..except that incorporates variable pricing too, as people can bid to purchase a loan at a premium/discount to the original price as well as offer a variable price. Heh, kinda yeah, but the queues would work without variable pricing (not sure if that's a plus point or not). And because the seller's loan-part would automatically be purchased by the buyer queue you'd avoid the silly crossed markets sometimes seen on Abl.
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toast
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Post by toast on Feb 24, 2018 19:33:06 GMT
Sadly a renewal doesn't mean what it used to either. I was hoping to pick up some of the RCC loan that renewed today from the handful of lenders who decided they didn't want to keep it, but all that happened was that the end date changed. The chance of being online when parts of this loan are on sale on the SM is slim, so I'd much rather take my chances in the FFF at 12.00 p.m. Back in ye olden days when there was virtually nothing available on the SM and it was hard to get any money invested, I wondered if it would make sense to have a buyer queue in a similar vein to the current seller queue. The concern then was about bots and such, but it strikes me that this mechanism would help in the above case too. I imagined it working something like this: you'd commit funds to purchase a loan for which there was none available on the secondary market and you join the buyer queue. This reduces your account balance and you earn no interest on these funds whilst they're in the queue. When you get to the front of the queue, your allocated funds are used to buy the next part put up for sale. Maybe variable pricing is a better solution? I can't decide... But either way, I'd still prefer developer resources to focus on IFISA
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toast
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Posts: 158
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Post by toast on Feb 16, 2018 12:55:43 GMT
Is it a secret? :-) I see that they list different LTV, but had assumed they still ranked 'pari passu'... Certainly not a secret. This new advance has interest on account whereas the interest on account for the previous advance is now exhausted as will need to be serviced monthly. Yeah, thanks just spotted it. Looks like second advance has minimum 3 month interest too
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toast
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Post by toast on Feb 16, 2018 12:37:21 GMT
If you read carefully there might be a reason why some people might prefer to hold the second advance rather than the first Not sure how this can relate to my occasional petition for a different SM but....reads carefully...Err, the only thing I can think of is that this tranche is smaller than the first, so might be a bit more saleable? But I somehow think that's not what you meant. G'wan then, why? Anyone else know? Edit: oh, I know! (somebody told me, have to confess). But, I still don't fancy it. GL to all who sail in her etc etc. Is it a secret? :-) I see that they list different LTV, but had assumed they still ranked 'pari passu'...
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toast
Member of DD Central
Posts: 158
Likes: 90
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Post by toast on Feb 15, 2018 20:46:05 GMT
Just dropped to 64% again very odd Actually think they put 500 instead of 750k by mistake Nope quite normal where they have a min/max on a loan I found it confusing. How does one tell, prior to investment, whether or not the progress bar is showing a percentage of min or max?
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toast
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Posts: 158
Likes: 90
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Post by toast on Feb 1, 2018 12:44:51 GMT
I'm coming round to the idea of variable pricing in the secondary market. Me too and I've been firmly in the "single price" camp until now. With the ending of rollovers providing an exit route I think this is more important still. Whilst variable pricing is "one more thing" for new lenders to learn, it doesn't take too long to understand and get comfortable with it.
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toast
Member of DD Central
Posts: 158
Likes: 90
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Post by toast on Jan 25, 2018 14:39:17 GMT
While we are happy for you to analyse our book, can I ask the moderators whether the links are 'No follow' ? - If Google Crawls these we may get a penalty because there are a lot of links from here suddenly and these will return no results as they are behind a password.. Looks like they are "no follow" - if you inspect the forum page html you'll see rel="nofollow" in these <a> elements.
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toast
Member of DD Central
Posts: 158
Likes: 90
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Post by toast on Jan 13, 2018 11:05:18 GMT
Lets just hope the Personal Guarantee has some legs I didn't think there was a personal guarantee for this loan - just the building/site security. Maybe I missed something?
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toast
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Post by toast on Dec 19, 2017 11:55:31 GMT
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toast
Member of DD Central
Posts: 158
Likes: 90
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MoneyThing (MT) in Administration
Missing emails?
Dec 16, 2017 22:32:59 GMT
Post by toast on Dec 16, 2017 22:32:59 GMT
archie I think you might have a secondary email problem. I was affected by the initial problem of not receiving email updates around the beginning of the month, but I did get the "Season's Greetings" and "Pipeline" emails on Dec 15th. Probably worth dropping and email to MT customer support and ask if they can see any further problems specific to your account.
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toast
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Post by toast on Dec 8, 2017 15:58:14 GMT
Aha! Just got a "MoneyThing - PIPELINE" email - first email since the pipeline email of Dec 2nd.
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toast
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Post by toast on Dec 7, 2017 11:20:51 GMT
I got the Pipeline email on Dec 2nd and have had a "Withdrawal Confirmed" email since then, but nothing concerning renewals. I regularly check the "spam" folder in gmail and no MoneyThing emails were there.
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