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Post by pepperpot on Dec 2, 2013 16:29:24 GMT
Just spotted another loan that was filled by just 4 people on 29th Nov, is there an unofficial platinum club that's been created?
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mikes1531
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Post by mikes1531 on Dec 2, 2013 17:17:31 GMT
Just spotted another loan that was filled by just 4 people on 29th Nov, is there an unofficial platinum club that's been created? Looks like it. Might be the same investors who are supplying some of the underwriting. Actually, it wasn't really even four people. The Loan Information for it says "This loan was funded by a single lender and as a result is only appearing on the website after the event." It goes on to say "Further, the lender is not seeking to sell down their funding on the aftermarket, so loan units will not be available to purchase." So they didn't bother to make the Credit Report available.
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oldgrumpy
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Post by oldgrumpy on Dec 2, 2013 17:18:38 GMT
They must have been in a hurry. I wonder if drawdown of that one will be before the seven I have waiting with committed funds (going back as far as 25 October). That one earmarked for drawdown late November hasn't happened yet.
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andy2001
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Post by andy2001 on Dec 2, 2013 17:18:50 GMT
It's been showing on the site for a few days. There was an email saying to start with some bridging loans may not be available to all users, but in future they would all be available. This one is not yet showing as drawndown, so it seems like there would have been time to fund it from normal users.
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Post by andrewholgate on Dec 3, 2013 9:05:30 GMT
Correct. This was the first loan with the new introducer and we were keen to get the loan delivered quickly to open the door to them. Whilst this may disappoint some lenders, it was done out of necessity to ensure ongoing supply of good loans.
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