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Post by uksoul on May 5, 2023 14:40:23 GMT
What has happened to the PLE? When I checked this morning there were close to 100k loans available and now they are all gone??? 5 min later: everything is back (almost 150k); probably just a database scrub It sometimes happens
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Post by Ace on May 5, 2023 15:55:11 GMT
What has happened to the PLE? When I checked this morning there were close to 100k loans available and now they are all gone??? 5 min later: everything is back (almost 150k); probably just a database scrub It sometimes happens They're back again now.
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sapphire
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Post by sapphire on May 24, 2023 18:24:45 GMT
There are now a number of Tranche A loans available on the PLE with rates higher than that being offered on the loan (North East) currently being funded and also higher than the Pending loans. Some are 7.5%+.
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dh1
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Post by dh1 on Jun 5, 2023 18:25:27 GMT
Few double digit % now available on the PLE.
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hantsowl
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Post by hantsowl on Jul 8, 2023 11:36:45 GMT
Looks like someone is having a clear out. Lots of high interest loans available on the SM at the moment.
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Post by uksoul on Jul 8, 2023 11:42:22 GMT
I wish there was a CC payment option as several good loans on sale now. Not enough in my proplend account.
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eeyore
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Post by eeyore on Jul 9, 2023 10:00:44 GMT
I wish there was a CC payment option as several good loans on sale now. Not enough in my proplend account. No!!! The transactions charges on debit and especially credit cards would be unacceptable for the low-cost environment of Proplend. Unless you'd be willing to pay a surcharge - but isn't that outlawed now? I'd be satisfied with an automated deposit & withdrawal system based on Faster Payments such as that offered by CrowdProperty which can complete the transaction within a minute or so.
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Post by uksoul on Jul 9, 2023 10:30:40 GMT
I wish there was a CC payment option as several good loans on sale now. Not enough in my proplend account. No!!! The transactions charges on debit and especially credit cards would be unacceptable for the low-cost environment of Proplend. Unless you'd be willing to pay a surcharge - but isn't that outlawed now? I'd be satisfied with an automated deposit & withdrawal system based on Faster Payments such as that offered by CrowdProperty which can complete the transaction within a minute or so. The FP method is a great idea, works well with Kuflink. Proplend was considering debit card payments over CC at one time when i asked about it.
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Post by overthehill on Aug 14, 2023 18:33:00 GMT
The exchange bounced back to 1 x £1000 loan earlier today. Astounding given the large amounts for sale and the interest rates on offer but also the spectre of a second loan loss for tranche B/C. The scarcity of new loans probably had something to do with it, I could only find 1 new loan in over 2 months.
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hantsowl
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Post by hantsowl on Sept 18, 2023 16:00:00 GMT
A handful of loans have been put up for sale.
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Post by Ace on Nov 7, 2023 14:24:32 GMT
Around £121k of availability across 22 loans on the loan exchange right now. Now of them are mine.
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Post by gramsky on Nov 9, 2023 12:33:27 GMT
Around £121k of availability across 22 loans on the loan exchange right now. Now of them are mine. Recent increase in interest rates encouraging lenders to sell lower interest loans to buy higher interest loans severely affecting liquidity!
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sapphire
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Post by sapphire on Nov 9, 2023 12:42:23 GMT
To facilitate liquidity, PL should allow loans to be sold at a discount.
An option to sell at a premium will also be useful, especially when the interest rates are on a downward cycle path.
Some other platforms do allow selling at a discount or a premium.
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Post by overthehill on Nov 10, 2023 16:30:41 GMT
To facilitate liquidity, PL should allow loans to be sold at a discount. An option to sell at a premium will also be useful, especially when the interest rates are on a downward cycle path. Some other platforms do allow selling at a discount or a premium.
177k of loans for sale, ALL TRANCHE A except 6k so fairly obvious it is loan rate induced rather than risk aversion.
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eeyore
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Post by eeyore on Nov 11, 2023 10:57:53 GMT
177k of loans for sale, ALL TRANCHE A except 6k so fairly obvious it is loan rate induced rather than risk aversion.
I agree that the underlying cause is the low yield - a cursory scroll through the list reveals that it's all the low yielding loans with all but three below 7.0% gross. But there is an element of 'herd mentality' which causes the waves of offers for sale on the PLE - after all, many of these loans on offer today have had net yields below what could be offered by FSCS-backed savings accounts since mid-2023. I disposed of my lower-yielding Proplend loans months ago and a few more (which were due to mature in 2024) in September when the NS&I 12-month account at 6.2% was available, so why a sudden rush in November when interest rates seem to be easing?
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