Various Loan Updates (Assetz Capital)

There are some exceptions but as jonah says set the target you want and let the magic happen. If you're looking to buy a few hundred pounds you'll probably get it over the course of a month if the overall size of the loan is more than say £200k. If it's less than £100k there'll be less to go round and you'll probably never get your full target. If your trying to buy in the range of £1000's experience so far says it's a waste of time unless the loan is quite large or really disliked perhaps because of low rate etc. When (if) the number of loans really starts to pick up to a few a week then that might change.

Many of the loans also qualify for other accounts such as the GEIA or GBBA and these such up units too making it harder for MLIA Users. So there's a lot going on.

The other thing is I often think we're overly concerned that money is sitting there doing nothing not earning interest (cash drag). So long as you haven't regularly got a high proportion of your hard earnt rotting, it's an issue that just comes with the territory.

Possibly it is not obvious (and apologies if I'm stressing what you already realise) but it is best (IMHO) not to just concentrate on up and coming loans. Bring up the whole loan book ("Browse Loans") and work through putting buy orders in for any loan you like the look of. People are selling all the time and their sales get spread between people with buy orders. Over time you can pick up good holdings in some. (And none or pennies in others). It seems a lot of work initially to work through the whole loan book but it can be done gradually and once done it's done.

Mmmm , if you have money queued up for a number of loans, I would think you would have to keep a VERY close eye on these loans for the following reason :  

If something were to go awry with one (or more) of the loans  (eg.  a breach of covenant ?)  this could well result in existing loan holders selling quickly , and you therefore get your requested position filled  before you've had a chance to reconsider the wisdom of it, given the breach of covenant (or whatever).  Hope that makes some kind of sense ? 

Unless there was some seriously organised rumour-mill, the first a lender would know would be a loan comment - which would put the buy orders on hold.

That also assumes that Assetz has in fact has any knowledge of any potential problems.

I've often been made aware on these pages (by the constant vigilance of members that you'd wish some of the P2P platforms had) of various problems on many loans on different platforms, often days or weeks before the platform themselves are aware and act. My sincere thanks go to any forum member who has offered any advice or given any piece of news, good or bad, in the past which we can all act on.

Thanks both.  I'd browsed the loans but as everything I wasn't invested in showed zero available I assumed I wouldn't get a nibble.

Will now start fishing!

I read this again and again last night and am still a bit confused.However the company going into liquidation provided some form of security for the loan and if that company no longer exists the security of the loan overall is reduced.The value given to those securities may have been valued at £0 for the purpose of calculating the ltv but it had some value and greater risk, higher interest rate plse.
Getting tired of borrowers who seem to think they can forget, ignore or change the terms of the loan without talking to AC and us.Sorry punishment and lession teaching may influence any vote that may occur on this one,given the chance for me.