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Post by MoneyThing on Aug 8, 2016 9:25:11 GMT
I think the latest contributor (treadmill), definitely deserves a chocolate bar!
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Post by MoneyThing on Aug 8, 2016 7:17:50 GMT
Couple more uploaded...
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Post by MoneyThing on Aug 7, 2016 19:30:09 GMT
Wasn't planning on one since it is not a competition as such... (I had originally thought of offering a prize to the saddest looking setup, imagining some sort of old beige boxes running early 90s version of Windows & Netscape Navigator and offering up a more modern alternative to improve their user experience come 4pm, rather than having to start booting up at 3.30pm! )
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Post by MoneyThing on Aug 7, 2016 18:26:31 GMT
Afternoon, Since it has been a little while since we have done a competition (or some other thing that usually benefits the Things with a chocolate donation from a generous lender!), I thought it would be fun & interesting to do something a bit different. One thing that I have always wondered is what kind of setup lenders have when they are doing their P2P thing. Perhaps you have an old computer setup in the corner of your living room, or you might be on a phone/tablet outside in the garden with a coffee in your favourite mug, etc. As such, if anyone is willing to take a photo and sent it in of how they like doing their P2P activity and share it then I think this would be fun for all (I suppose a bit like the Cadbury's "How do you eat yours?" idea). If you would like to join in, please send your photo to photos@moneything.com and we will put up all the submissions on Google+ for all to see. To start the ball rolling, I have submitted the 1st photo here. (If anyone can figure out how to submit them directly to Google then feel free to do so). Kind regards, Ed First couple of submissions uploaded...thanks!
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Post by MoneyThing on Aug 7, 2016 16:24:02 GMT
Afternoon, Since it has been a little while since we have done a competition (or some other thing that usually benefits the Things with a chocolate donation from a generous lender!), I thought it would be fun & interesting to do something a bit different. One thing that I have always wondered is what kind of setup lenders have when they are doing their P2P thing. Perhaps you have an old computer setup in the corner of your living room, or you might be on a phone/tablet outside in the garden with a coffee in your favourite mug, etc. As such, if anyone is willing to take a photo and send it in of how they like doing their P2P activity and share it then I think this would be fun for all (I suppose a bit like the Cadbury's "How do you eat yours?" idea). If you would like to join in, please send your photo to photos@moneything.com and we will put up all the submissions on Google+ for all to see. To start the ball rolling, I have submitted the 1st photo here. (If anyone can figure out how to submit them directly to Google then feel free to do so). Kind regards, Ed
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Post by MoneyThing on Aug 7, 2016 12:16:04 GMT
To any THINGs who may be monitoring this .... You may like to edit the number in the 'Details' section of this loan ...... I hope it isnt really a 145 MILLION (....and a half ....) pound loan ! ..... Thanks retired2005 - not quite sure how that slipped through the net! Now corrected. Regards, Ed
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Post by MoneyThing on Aug 5, 2016 15:29:43 GMT
Such a shame I didn't check the board first before wasting Ed's time sending emails asking how to check the renew status Not at all - I only posted this message following our (and another lenders), correspondence!
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Post by MoneyThing on Aug 5, 2016 13:40:10 GMT
Morning, My apologies for the delayed response. We have just finalised the new facility today and are just drafting up the particulars & email to send out at the moment. Will revert back shortly. Kind regards, Ed Afternoon, The new consolidated loan is now up on Pending. We have had to make a couple of platform changes to accommodate the consolidating nature of this loan (i.e. many to one loan). As such, to rollover your capital, you will need to go into the Live loan page instead of the Pending loan page in order to locate the original 6 loans and tick the rollover opt-in option from here. This has been done to accommodate lenders who may not choose to rollover all of their original holdings in each loan. Hope this makes sense. Kind regards, Ed
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Post by MoneyThing on Aug 5, 2016 10:57:10 GMT
Afternoon,
Further advance of £297,700 against Manchester Hall now uploaded to Pending to go live at 4pm on Monday.
Kind regards,
Ed
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Post by MoneyThing on Aug 5, 2016 9:58:50 GMT
Morning,
My apologies for the delayed response.
We have just finalised the new facility today and are just drafting up the particulars & email to send out at the moment.
Will revert back shortly.
Kind regards,
Ed
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Post by MoneyThing on Aug 3, 2016 21:15:16 GMT
Evening,
Pipeline updated (at the top of the thread).
Kind regards,
Ed
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Post by MoneyThing on Jul 29, 2016 16:19:58 GMT
Having been checking daily with anticipation, we have finally now breached the 1% market share on the AltFi UK Index!!!
It has made my week - thank you all.
Enjoy your weekend.
Regards,
Ed
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MoneyThing (MT) in Administration
AE497
Jul 29, 2016 10:26:23 GMT
Post by MoneyThing on Jul 29, 2016 10:26:23 GMT
Very happy with MT, I currently have three times as much with MT as SS I'd LIKE to have .. but being around at the right time often enough is a drag on my portfolio building activity. 8<. Pretty please can I have a pre-fund facility .. or permission to unleash a bid-bot. 8>. Oh ok.... after resisting/ignoring/dodging this question on a number of occasions, I will have a discussion with The Shuang to ascertain the viability of a pre-fund facility. I still have my reservations so no promises, but I promise to at least explore the idea. I would just say, using these loans as an example, they currently last at least 24hrs under the 1% bid limit (approx. 70% filled at 24hrs). My belief is that with a pre-funding model, lenders will likely bid a higher amount thinking they can just sell any surplus later on the SM. This would result in lenders getting less then they pre-funded which would result in them upping their bid in future to achieve the allocation they wished (compounding the issue). For lenders, this would also create additional work with respect to deposits & withdrawals in order to deposit the pre-fund amount, and then withdrawal the surplus afterwards (we would/could not introduce an INPL equivalent). These are just a couple of immediate thoughts on the subject, but I acknowledge that many of you will have a better feel for this from a user perspective. If you would like to run a poll, feel free to do so. Kind regards, Ed
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Post by MoneyThing on Jul 29, 2016 8:29:41 GMT
Evening, The borrower had listed the property on the market simply to get an idea as to appetite when weighing up whether to sell it. The Estate Agent incorrectly listed it at £450k latterly, after they initially advised the borrower to market it at £595k. The borrower then reduced it to £550,000 feeling that this was a more realistic figure but not the £450k figure. However, the listing should be removed within the next day or two as the borrower had formally taken it off the market and has just been offered a BTL mortgage from a mainstream lender which is now looking likely to complete within the next month. Kind regards, Ed If the loan does end early, is there a minimum amount of interest that lenders will be paid (eg. one month?) It would also be helpful if we could be notified of an early repayment as I don't check my account every day Morning. There is a minimum interest payment of 1 month. We can notify lenders if it redeems early. Regards, Ed.
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Post by MoneyThing on Jul 29, 2016 7:05:08 GMT
I like AE loans, but I'm concerned about the amount of ongoing auditing required. AE say they will regularly update the list of vehicles in each loan, but who is verifying this. There seems to be a huge reliance on AE honesty to provide correct information. This won't be a problem while the company is profitable, but how many times do we see unscrupulous behaviour when a company gets into trouble. My analogy: I once worked for a company who outsourced their network management to an external company. I was asked to set up a firewall so only management traffic was allowed through to the external company. When I asked my manager who would maintain the firewall, he scratched his chin, consulted the internal regulatory team, and came back with the answer, the external company manage our devices so they should manage the firewall. Morning sqh, I would just like to mention that MoneyThing audits AE every month on-site at their base. We usually spend the whole day there going through their mgmt. accounts, bank statements, loan documents and stock (on site cars under the stocking facility), as well as check the cars out on HP by seeing where they are located by their GPS tracking. I am pleased to report that has not been one item that has caused us concern and they are showing a healthy balance sheet with stable growth. They continue to prove to us that they maintain a very slick and professional business run by a competent team throughout all their departments. Our next visit is next week. Kind regards, Ed
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