tt
New Member
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Post by tt on Nov 3, 2021 14:35:59 GMT
Another loan gone live without an email (for me at least). Can anyone confirm whether there has been an allocation to the MLA? 1494 is not showing any units available so I assume that it was fully taken by AA.
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Post by df on Nov 3, 2021 14:42:34 GMT
Another loan gone live without an email (for me at least). Can anyone confirm whether there has been an allocation to the MLA? No allocation for 1494 yet, but I'm sure it's not too late to make buying instruction. I've received an e-mail yesterday at 13:17.
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Post by df on Nov 3, 2021 14:50:36 GMT
Another loan gone live without an email (for me at least). Can anyone confirm whether there has been an allocation to the MLA? 1494 is not showing any units available so I assume that it was fully taken by AA. They are always taken by AA first and then a portion distributed to MLA.
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easynow
Member of DD Central
Popcorn anyone?
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Post by easynow on Nov 3, 2021 17:31:45 GMT
Another loan gone live without an email (for me at least). Can anyone confirm whether there has been an allocation to the MLA? 1494, no MLA allocation when i looked earlier this afternoon, email came through at 1.17pm yesterday
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Nov 3, 2021 19:12:15 GMT
Another loan gone live without an email (for me at least). Can anyone confirm whether there has been an allocation to the MLA? 1494, no MLA allocation when i looked earlier this afternoon, email came through at 1.17pm yesterday MLA allocations.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Nov 3, 2021 19:31:23 GMT
Got allocated 12%ish of what i wanted somewhere between 1830/ 1910 tonight.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Nov 3, 2021 22:21:44 GMT
Got allocated 12%ish of what i wanted somewhere between 1830/ 1910 tonight. About 8% released to MLA. transaction timed at 18.45 AC taketh then giveth it all back probably tomorrow when #704 repays so dial likely going the wrong way as AA holdings of #704 are larger than #1494
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Nov 5, 2021 17:53:09 GMT
#1496 £1,700,000.00 40.87% ltv 6.5% int x36m
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rscal
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Post by rscal on Nov 5, 2021 18:35:58 GMT
"100% funded" again - can someone explain how this works? (Thanks)
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Nov 5, 2021 18:48:02 GMT
"100% funded" again - can someone explain how this works? (Thanks) The loan is funded by the AA prior to drawdown so will show 100% funded. The loan will then go live & the AA will sell some it's holdings on the SM shortly after. At this point any buy orders will be filled in whole or in part subject to supply & demand. So basically ignore 100% funding when the loan is listed as upcoming & place an order for what you want.
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rscal
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Post by rscal on Nov 5, 2021 18:50:43 GMT
"100% funded" again - can someone explain how this works? (Thanks) Oh, of course. It's a refinance and therefore will bleed the Access Accounts first, so that tends to exclude (pre-existing) Manual Lending Account holders - who already had balances in the AAs and held some of those same loan parts outside AA as 'extra'
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,902
Likes: 11,125
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Post by ilmoro on Nov 5, 2021 20:35:01 GMT
"100% funded" again - can someone explain how this works? (Thanks) Oh, of course. It's a refinance and therefore will bleed the Access Accounts first, so that tends to exclude (pre-existing) Manual Lending Account holders - who already had balances in the AAs and held some of those same loan parts outside AA as 'extra' Nothing to do with it being a refi. The AA have nearly always acted as underwriter to new loans. It also means that the old loan repays before the new loan is released to MLA so the old finds can usually be used to fund the new loan. The issue at the moment is the AA are having to hold more of the new loans to fund interest targets & PF funding so MLA tend to get a reduced holding. That's just where we are at the moment with the reduced loan book
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Post by df on Nov 6, 2021 0:29:08 GMT
"100% funded" again - can someone explain how this works? (Thanks) The loan is funded by the AA prior to drawdown so will show 100% funded. The loan will then go live & the AA will sell some it's holdings on the SM shortly after. At this point any buy orders will be filled in whole or in part subject to supply & demand. So basically ignore 100% funding when the loan is listed as upcoming & place an order for what you want. Perhaps AC should consider not to display this message, it confuses a lot of people. I’d imagine many investors would take this message literally and potentially give up on AC, which is ok for now due to starvation, but could potentially backfire in future.
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Post by Ton ⓉⓞⓃ on Nov 6, 2021 9:12:16 GMT
The loan is funded by the AA prior to drawdown so will show 100% funded. The loan will then go live & the AA will sell some it's holdings on the SM shortly after. At this point any buy orders will be filled in whole or in part subject to supply & demand. So basically ignore 100% funding when the loan is listed as upcoming & place an order for what you want. Perhaps AC should consider not to display this message, it confuses a lot of people. I’d imagine many investors would take this message literally and potentially give up on AC, which is ok for now due to starvation, but could potentially backfire in future.
I suppose, the big loan sitting in Upcoming over the weekend, will attract a fair amount of MLA money. The smaller loans launch with minimal announcement. I sort of see this as AC managing the flows of money. The AA's need a flow of new loans to work correctly and as sold. Whereas MLA is different. Having said that I really want a good steady supply of quality loans for my MLA - clearly there's a tension here. I'm planning to move more of my cash away.
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Post by Ton ⓉⓞⓃ on Nov 10, 2021 19:23:17 GMT
With #1496 I was allocated £391.61 - with a £1.7mm loan I hoped I'd get my full wack but the LtV is nice looking and the loan spent too long in Upcoming and clearly got a lot of attention
It looks as if the Scottish Architects may be drawn Friday (12.11.21) but still in Pipeline
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