spyrogyra
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Post by spyrogyra on Sept 15, 2014 20:55:11 GMT
I know, someone has already covered this question but now browsing through the threads I can't find the answer.
It would benefit members if the answer is in a separate thread,imo.
Thanks in advance.
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Sept 15, 2014 21:07:20 GMT
The only way I know of is to buy them back yourself, which of course requires that you have the funds available to do so.
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star dust
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Post by star dust on Sept 15, 2014 21:14:32 GMT
If you want the exact same part I think you also have to make sure that yours is at the front of the sale queue, otherwise you'll just get a part of the same value from someone else, and you'll still have to wait 'till yours sells before your cash is refunded to your account. I hasten to add that I have never actually tried this, I just make sure I know where I am in the selling queue and buying ques in case something goes awry when I sell which it does sometimes.
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mikes1531
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Post by mikes1531 on Sept 15, 2014 21:19:09 GMT
The only way I know of is to buy them back yourself, which of course requires that you have the funds available to do so. And this only really works if your loan part is at the front of the queue. If it isn't, you'll buy someone else's loan part. If all you want to do is maintain your position in that loan, then it doesn't matter if you buy someone else's part. But if you're trying to restart the interest accruing on the part you offered for sale, then you won't accomplish that if you don't buy your own part back. PS. If you've put more than £100 up for sale, you don't need to have the full amount available in your account because you can do the buy back £100 at a time -- as long as you don't mind cluttering up your list of loan part holdings. Just remember that if you buy a part that's smaller than £50 you'll have to hold that until the loan matures because you can't sell a loan part that's smaller that £50
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mikes1531
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Post by mikes1531 on Sept 15, 2014 21:21:01 GMT
... I just make sure I know where I am in the selling queue and buying ques in case something goes awry... How do you work out your queue position?
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Sept 15, 2014 21:31:52 GMT
... I just make sure I know where I am in the selling queue and buying ques in case something goes awry... How do you work out your queue position? I generally pay attention to how much is up for sale before I put my part up - if there's more than a few hundred £ I wait before selling anyway.
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star dust
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Post by star dust on Sept 15, 2014 21:34:36 GMT
... I just make sure I know where I am in the selling queue and buying ques in case something goes awry... How do you work out your queue position? Take a note of how much is on sale already; take a note of the recent activity tab sales at the same time, put your amount up for sale - recheck someone else hasn't done the same thing simultaneously, check the review tab fairly frequently if there was a large amount ahead of you, or yours was a large amount on sale. On one occasion I needed to get a sale 'unwound' where two different people had bought parts of my loan, and one had also purchased a part of someone else's but I had no funds returned and my loan was still showing 0% sold some hours later - I was at least able to provide SS quite a bit of information about the sale - they may not have needed it, but at least I felt I had some 'proof'.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Sept 15, 2014 21:35:12 GMT
Just remember that if you buy a part that's smaller than £50 you'll have to hold that until the loan matures because you can't sell a loan part that's smaller that £50 I'm not in a position to look it up now, but somebody showed us a workaround a few weeks back whereby you can sell the smallest bits if you really can't wait till they are paid out.
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star dust
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Post by star dust on Sept 15, 2014 21:36:55 GMT
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spyrogyra
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Post by spyrogyra on Sept 15, 2014 21:59:49 GMT
With more people rolling old money into new loans by selling on the SM, an option to withdraw loans from SM will be very welcome.
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mikes1531
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Post by mikes1531 on Sept 15, 2014 22:05:22 GMT
With more people rolling old money into new loans by selling on the SM, an option to withdraw loans from SM will be very welcome. It certainly would make things easier!
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Liz
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Post by Liz on Sept 15, 2014 22:39:05 GMT
Somebody just did it!
I had 58.09 left on 08, no other sellers, that went upto 208.09, ie another seller of 150. A buy of 150 went through, but mine didn't sell, instead the new 150 was sold.
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mikes1531
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Post by mikes1531 on Sept 15, 2014 22:52:33 GMT
Somebody just did it! I had 58.09 left on 08, no other sellers, that went upto 208.09, ie another seller of 150. A buy of 150 went through, but mine didn't sell, instead the new 150 was sold. Interesting. The good news is that there's no PBL008 left for sale now, so it looks like Liz's remaining part has been taken. Pity the poor lender who put up some PBL002 for sale and sold it all except the last 34p! Maybe some kind soul would care to pick up that last 34p so that the lender can receive the payment for the whole of what they offered for sale. (I can't, because my account balance is nil.) Or did someone simply offer just 34p to sell as an experiment with the 'how to sell small parts' technique?
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Post by mrclondon on Sept 15, 2014 22:53:00 GMT
How certain are people that the queue is indeed first in - first out ?
I've had the situation described by Liz happen to me a few times now. I put it down to a coding "feature" which means the queue is actually last in - first out. EDIT: Whether the buyer of the extra £150 was the seller or someone else, that could onlyhappen if the queue was last in - first out.
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mikes1531
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Post by mikes1531 on Sept 15, 2014 22:57:56 GMT
How certain are people that the queue is indeed first in - first out ? I've had the situation described by Liz happen to me a few times now. I put it down to a coding "feature" which means the queue is actually last in - first out. Good question. This has implications for anyone wanting to buy back their own units. Is anyone brave enough to offer a unit up for sale in a loan where there's a fair amount already offered for sale? (Other than PBL005, of course.)
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