Post by jevans4949 on Nov 30, 2013 16:50:28 GMT
A key feature of P2P for the small lender is the ability to diversify their investment across as many borrowers as possible.
Being aware of the need for Assetz to fill bridging loans quickly, how about an automatic bidding system for this class of loan, i.e., the lender can specify in his profile that he will automatically invest up to £x in any bridging loan (possibly with a minimum interest rate specified), subject to funds being available in his holding account. There probably should be a maximum value for £x - say £500.
Assetz can then run this autobid process against any suitable loan before approaching HNWIs. Result: happier punters, less phone calls.
Many other P2P platforms have implemented this; Zopa now have nothing else.
Being aware of the need for Assetz to fill bridging loans quickly, how about an automatic bidding system for this class of loan, i.e., the lender can specify in his profile that he will automatically invest up to £x in any bridging loan (possibly with a minimum interest rate specified), subject to funds being available in his holding account. There probably should be a maximum value for £x - say £500.
Assetz can then run this autobid process against any suitable loan before approaching HNWIs. Result: happier punters, less phone calls.
Many other P2P platforms have implemented this; Zopa now have nothing else.
