username
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Post by username on Jul 18, 2017 19:52:56 GMT
I wrote a bit of a long winded piece recently with various queries which had gone unanswered regarding the **Cashback Bonus**, perhaps I was a little cheeky but my disbelief at the lack of clarity was sincere. Anyway Paul64 cleared up a couple of issues (this was genuinely appreciated) then signed off with a sarcy comment basically suggesting we should have known the answers all along, a cashback bonus always works this way ..... Lendy have a useful resource of highly intelligent investors here on the forum.
If only they would enlighten us of their plans then there are plenty who could pinpoint issues therein and others who could write beautiful explanations of exactly how things will work. This could be done prior to roll-out rather than post launch when their hastily, ambiguously and, in some cases, erroneously written missives are picked apart and found wanting by the members here.
There could easily be a thread where Lendy could state what they are going to do (after they've decided the details) so that the full explanation can be thrashed out by Lendy and forum members prior to launch meaning that when it finally goes live, they have a proper piece of literature describing the changes. Their proper explanation could be honed to near perfection, and probably F.O.C. here, ready for official publication. This would keep us forum members informed, interested and even possibly make us believe we are having a useful input into the company we are paying to handle our investments.
While I agree with the sentiment I think finding balance on the level of feedback is difficult. I know I'm careful about managing the feedback my department solicits to make sure expectation and responsibility is clear. Who do we hang if it goes tits up
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username
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Post by username on Jul 18, 2017 19:39:27 GMT
Who can think of a better endorsement than the builder moving in!
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username
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Post by username on Jul 11, 2017 18:30:36 GMT
From the website...
And when the loanpart is sold [...] However, the proceeds of the sale will be credited to your account during the next working day.
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username
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Post by username on Jul 10, 2017 21:52:28 GMT
jonah's charts show a positive effect, and some overdue loans such as PBL047 are in high demand! What the... So £7m sitting on the SM and PBL047, 138 days overdue, has fallen £20k On the face of it, low LTV and soon to be high returns of 18%!
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username
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Post by username on Jul 10, 2017 21:31:58 GMT
jonah's charts show a positive effect, and some overdue loans such as PBL047 are in high demand!
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username
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Post by username on Jul 10, 2017 17:31:38 GMT
On DFL001 I have some loan parts which are paying more than others as they are older than the original term - presumably this is a bug?
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username
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Post by username on Jul 8, 2017 11:01:42 GMT
Paul64I'm slightly concerned that Lendy will be offering cashback on certain individual development tranches. I think it's important that lenders who bought loan units without cashback get priority when selling on the SM. If not, then I will be making a formal complaint. What do you mean 'get priority on the SM'? They're trying to tackle it at both ends by encouraging further investment in tranches so the whole system doesn't collapse, and bumping interest post-term.
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username
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Post by username on Jul 7, 2017 19:29:46 GMT
Hi all ladywhitenap , everyone has the option to opt out so please contact support@ and we can remove you. Thanks, Paul Lendy Support Lendy SupportPlease can you implement my preference to only receive repayment emails for loans that I hold. I have looked on the website and cannot find a user selectable option for this. Thank you LadyWhitenap aka Janice They will have limited resources so I wouldn't blame them if they wanted to spend that time focusing on the SM...
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username
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Post by username on Jul 1, 2017 10:49:41 GMT
You'll get a percentage of people who aren't on the forum or who want to sell early regardless of perceived risk. I imagine most people who are happy to hold are already at their maximum exposure, so we are probably at the natural limit of the platform based on the current investors.
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username
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Post by username on Jun 23, 2017 20:24:31 GMT
Maybe it's just me, but, are you being serious or sarcastic? Apart from the somewhat unnecessary introduction into basic economics, they have acknowledged that the SM is excessive due to originating many loans and other factors, and expect it to come down. Also a number of the individual loan updates have much more detail.
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username
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Post by username on Jun 23, 2017 14:12:23 GMT
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username
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Post by username on Jun 22, 2017 12:09:45 GMT
Humour wasn't the objective. Well thanks for the lesson, oh wise one.
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username
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Post by username on Jun 22, 2017 10:33:49 GMT
That loan you are holding has just had its parent company go into liquidation. I sold out earlier today but you are still holding purely because it is 12% and 330+ days term remaining. Wouldn't want to be in your shoes when the platforms make the announcement in a day or two and the SM has clogged up in the meantime. OK. Time's up. That loan doesn't exist. But it might have, and without DD - or operating a nothing but a 'mechanical' investing system - you'd be on the wrong side of ignorance. Not funny
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username
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Post by username on Jun 15, 2017 15:05:31 GMT
I'd very much like to see a general statement from Lendy regarding the way that it structures DFL loans to borrowers. I'm currently very discouraged from lending to DFLs without confirmation that Lendy has the requisite arrangements in place to cover the full loan amount without having to rely on retail investors. Risk that the Borrower doesn't meet its obligations is one thing, and can be difficult to mitigate. Risk that the Lender cannot meet its obligations is entirely another. Combine the two, and DFLs become risk too far for me. Currently, for me at least, the maxim "If in doubt, stay out" applies. I would like that to change and all it would take is a clear statement from the platform. I couldn't agree more, without knowing any better, it worries me that this could take down the platform. We need a statement on this and some forward guidance and what level Lendy want the SM at, similar to the BOE imbuing stability and confidence in the economy through their minutes on interest rates and inflation.
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username
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Post by username on Jun 15, 2017 7:51:23 GMT
What's going to happen to 12/19/24 projects if these 3 tranches don't get funded? Presumably, LY will use underwriters and slowly releases the shortfall onto the SM. They may also have some capital available from the bonds I don't understand how the relationship with the underwriters works. With insurance I assume the underwriters are paid a fixed charge to cover the risk of needing their services, and they base the charge on the risk. The risk of not filling loans appears to have increased substantially, so does that mean Lendy will struggle to find/afford underwriters in the future? I suppose the underwriters could be paid with a fixed cost and additionally interest on their loan, but the rate must be significant, otherwise there's no disincentive to take advantage, and they'd be at risk of being Lendys piggybank.
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