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Post by batchoy on Oct 21, 2014 11:27:29 GMT
Initial impression... ...too much wasted space!!!!!!!! 
.....and the font size is too large  I have to say I disagree, it appears fine in Chrome on Windows 7 once you get beyond the home page. Though it is some what baffling, and whilst I think I get the gist of it we need an outline of the new philosophy andrewholgate.
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star dust
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Post by star dust on Oct 21, 2014 11:28:15 GMT
Initial impression is that the site looks much cleaner, less cluttered, and more 'intuitive' and straightforward, and I think will be much more user friendly. Yes, a bit 'spaced out' on my laptop with firefox, but nonetheless a significant improvement - well done.
Some of the 'mechanics' might need tweaking though as I seem to have some missing 'accrued' interest already, but need time to check everything out further.
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Post by Ton ⓉⓞⓃ on Oct 21, 2014 11:28:49 GMT
Just looking at my favorite loan, Aberystwyth. But it has two sets of Lender Interest of £5133.33 for each month.
I should also mention that it's page indicated that it's been going for 8 months???
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TFTO
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Post by TFTO on Oct 21, 2014 11:29:18 GMT
No, andrewholgate, he's far from nit-picking. Having to scroll around through too much white space is immensely annoying to most people. Yes, it is very annoying - don't like this one bit.
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ianj
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Post by ianj on Oct 21, 2014 11:29:39 GMT
.....lots of scrolling that wasn't necessary before - used to fit my few loans onto single screen easily. Now, not only do I need to scroll them, I also need to click onto another page to find the last one. Am thinking people with more loans than me will find this annoying for sure. Prefer a bit of scrolling through sensibly spaced loans for a complete list. Edit: didn't make it clear - there's masses of white space between each loan in the list - that's what needs to be compressed. As well as making either a single list on one page, or the ability to have more loans on a page at least. Seconded!
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oldgrumpy
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Post by oldgrumpy on Oct 21, 2014 11:32:10 GMT
North Wales loan is showing 8.25% as an annual rate, but that is the rate for the nine months.
I'm still searching for the indication that I have paid for mu units in N. Wales and Worcestershire which are awaiting drawdown.
I've found them hidden away* in Reports > accepted bids but somewhere it should say "paid". Maybe it's in my account somewhere.
*hidden away probably because it'll be redundant after a few weeks/months.
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Oct 21, 2014 11:36:10 GMT
No, andrewholgate, he's far from nit-picking. Having to scroll around through too much white space is immensely annoying to most people. Andrew, most statement entries now take up 2 lines and each one takes up more space, and you can't scroll through your statement. NIGHTMARE !!!
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bg
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Post by bg on Oct 21, 2014 11:37:02 GMT
Initial impression... ...too much wasted space!!!!!!!!
.....and the font size is too large Nit picking?? No, I don't think it is nit picking. I want to see as much information as possible without having to click through various pages. My initial impression is disappointment, it's still too clunky and lots of basic stuff I thought would be there (like clicking the top of a column to sort) doesn't appear to be. I haven't had a proper play with it yet so maybe I'm missing stuff - such as where is total to interest earned? Surely this should be on main dashboard?
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niceguy37
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Post by niceguy37 on Oct 21, 2014 11:37:17 GMT
Just looking at my favorite loan, Aberystwyth. But it has two sets of Lender Interest of £5133.33 for each month. I should also mention that it's page indicated that it's been going for 8 months??? I think the problem is that the first interest is for 2015 and the second for 2014. I would guess that the repayments are not sorted correctly.
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niceguy37
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Post by niceguy37 on Oct 21, 2014 11:41:17 GMT
I've transferred cash to my Manual Loan Investments Account, and adjusted some loan targets in an attempt to buy some available loans but can't see any purchases in my Account Statement. The statement just shows "Inter account transfer to product Manual Loan Investment Account(1)", so I can't see what or if I've managed to buy something.
Similarly, I managed to make a sale and the awaiting investment balance went up, but there is no corresponding entry in my statement. I think it is essential to have a complete transactional record of sales and purchases as well as other financial transactions.
Good work on the new site, though.
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Post by chris on Oct 21, 2014 11:42:05 GMT
After a very quick look, it seems to me that there's something of a change in the overall philosophy. I would guess that most or all of the things that we could do before, we can still do, but we might have to go about it in a different way, while other things have become more default (eg picking a target investment amount rather than just manually picking up loan units). Chris, I realise you might be busy dealing with individual concrete issues that come up, but when you have time, I wonder if it would be worth outlining what that new overall approach is, which would help us make sense of how things are structured? The central philosophy is to simplify things for casual time poor lenders. As the products and "create your own" launch in the coming days and weeks this will become more apparent. However for those with the time and inclination you can still micromanage your account, picking and choosing individual loans or building you own meticulously crafted investment plans that are then automatically executed. When the "create your own" service launches we'll run a series of online workshops where those who are interested can learn in detail how the system works and how to get the most out of it. Conceptually it's simple but there's a lot of power under the bonnet. In terms of the financials the most obvious changes are the removal of auctions, as previously announced by Andy H, and the separation of virtual bank accounts. Your cash account can no longer be used to do anything other than transferring funds in and out of the site and then distributing those funds to where you want them within the site. You don't invest directly from your cash account. Each product, including manual investments which is just a special product as far as the system is concerned, have their own segregated virtual bank account. You need to transfer funds from your cash account into the relevant investment account in order to be able to deploy those funds - this is admittedly an extra step but it is required to prevent automated systems lending out your funds as soon as those funds hit your account. Within each product / manual investments you can choose what to do with repayments as they come back in. If you click on the "Reinvest Repayments" link then you can choose a different strategy. The options let you automatically reinvest everything, just the principal, or to withdraw all repayments. Anything withdrawn is returned to your cash account ready for you to withdraw from the site or redistribute into other products.
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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 Oct 21, 2014 11:43:21 GMT
Seems to be a problem with amounts transfer into Manual Investment Account. I transferred £279.23 from my cash account to my investment account so that the AI would (hopefully) have it at its disposal again, but only £262.23 has arrived there. There don't appear to have been any other mini-loan units bought in that few seconds (according to my statement anyway). Edit: Or should I just have left it in the cash account for AI? Edit2: and if I send it back, will I lose a bit more on the way?  |
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Post by chris on Oct 21, 2014 11:47:13 GMT
Just looking at my favorite loan, Aberystwyth. But it has two sets of Lender Interest of £5133.33 for each month. I should also mention that it's page indicated that it's been going for 8 months??? I think the problem is that the first interest is for 2015 and the second for 2014. I would guess that the repayments are not sorted correctly. Sort order issue - fix going in shortly.
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Post by batchoy on Oct 21, 2014 11:48:29 GMT
After a very quick look, it seems to me that there's something of a change in the overall philosophy. I would guess that most or all of the things that we could do before, we can still do, but we might have to go about it in a different way, while other things have become more default (eg picking a target investment amount rather than just manually picking up loan units). Chris, I realise you might be busy dealing with individual concrete issues that come up, but when you have time, I wonder if it would be worth outlining what that new overall approach is, which would help us make sense of how things are structured? The central philosophy is to simplify things for casual time poor lenders. As the products and "create your own" launch in the coming days and weeks this will become more apparent. However for those with the time and inclination you can still micromanage your account, picking and choosing individual loans or building you own meticulously crafted investment plans that are then automatically executed. When the "create your own" service launches we'll run a series of online workshops where those who are interested can learn in detail how the system works and how to get the most out of it. Conceptually it's simple but there's a lot of power under the bonnet. In terms of the financials the most obvious changes are the removal of auctions, as previously announced by Andy H, and the separation of virtual bank accounts. Your cash account can no longer be used to do anything other than transferring funds in and out of the site and then distributing those funds to where you want them within the site. You don't invest directly from your cash account. Each product, including manual investments which is just a special product as far as the system is concerned, have their own segregated virtual bank account. You need to transfer funds from your cash account into the relevant investment account in order to be able to deploy those funds - this is admittedly an extra step but it is required to prevent automated systems lending out your funds as soon as those funds hit your account. Within each product / manual investments you can choose what to do with repayments as they come back in. If you click on the "Reinvest Repayments" link then you can choose a different strategy. The options let you automatically reinvest everything, just the principal, or to withdraw all repayments. Anything withdrawn is returned to your cash account ready for you to withdraw from the site or redistribute into other products. Going one step further back on the philosophy, do we take it that auctions and bidding have ceased to exist and the live and accepted bids reports are an anomaly to cope with the transition from the old system, and as such in the manual system it will just be a case of setting what you want MI to pick up if an when there is anything to for it pick up given that there appears to be no visible/separate secondary market. Edit: Ok a correction, you can see the SM if you filter the loanbook in browse loans
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Post by chris on Oct 21, 2014 11:49:52 GMT
Seems to be a problem with amounts transfer into Manual Investment Account. I transferred £279.23 from my cash account to my investment account so that the AI would (hopefully) have it at its disposal again, but only £262.23 has arrived there. There don't appear to have been any other mini-loan units bought in that few seconds (according to my statement anyway). Edit: Or should I just have left it in the cash account for AI? Edit2: and if I send it back, will I lose a bit more on the way? Can you PM me the email you use on the site and I'll investigate. Did your balance go down by the 279 or 262 value? AI (or manual investments as it is now) is now driven off that segregated account NOT your cash balance.
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