I notice that tranche B of this loan had £52500 available. With £1000 minimum bid, how is the remaining £500 handled? Is is possible in these cases to bid for the £500 or does the last bid of £1000 simply get allocated to it? With my ISA fully subscribed this year and interest creeping above the £500 mark it would be useful to bid for the odd £500 rather than waiting a few months for paid interest to creep up to £1000. proplend
there was one time where there was still £500 left in a loan and the minimum bid was £1000 so no one could buy it.
Not sure how it works out - I suspect from experience where I have bid eg £2000 but get an email later in the day that there were overbids at the end and I can only have £1000 that they will do similar for the last £500. But would be good to get clarification from PL.
We used to require that this partial loan part was picked up with the last remaining full loan part - effectively creating a loan part of between £1,000 and £1,999. For recent loans we have removed that partial loan part in advance to avoid any potential issues. Richard