Loans available at a discount (AC)

I've also had quite a few "free" 1% discounts. Agreed that the number of these may well fall, but it's hard to predict which ones are going to produce a discount or not.

However, if you are in the position that there are more new loans (which meet your criteria) than you have available funds for, you can always just make bids for all of them at a discount - some you'll get, some you won't. Even if you don't get some first time round, you can also just leave your bid on the table for future tranches. One of the many nice side effects of the way that AC handle their market.

Let's just say that underwriting conditions changed.   When AC have cash they underwrite loans, when they don't they ask underwriters to do it.   They can turn on or off the underwriters whenever they like.

Are you including in your strategies buying with an IFISA a/c aswell as a Standard a/c? So two buying orders.

AC is a bit different to other platform's, effectively there is no primary market and the self select account (ie MLIA) only gets to pick up from the already funded (ie SM) loan. When they have agreed everything with the borrower done their DD etc, then AC seeks to fill the loan, they can't fund it themselves, so they either use cash in the access and black box accounts which are indirect investor funds, or underwriters (if they don't have enough money) or institutional funds. The money is paid to the borrower, and then the loan is released to the ordinary mortals who might want some from the MLIA. I think on a technical basis they may just have 'reserved' funds from the access accounts and it's all allocated at loan release, but you get the idea. I'm not sure whether they still use institutional funds, they have done before and the institution tended to take whole loans, then nobody would get a lookin at all until possibly much later in the loans life.