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Post by uksoul on Feb 26, 2021 16:43:47 GMT
Is that 30-day penalty for those who have autolend on permanently only ? I got a slice of B in the last loan so not too disappointed really. Yes, the email in January which outlined Proplend's proposed Auto-Lend 2.0 said this about the "Always On" option: " If a Lender does decide to turn it off, then it cannot be reactivated for a period of 30 days." We have to wait for a better description of how the "Always On" and "Self-Select" options will work, in particular how Auto-Lend 2.0 will prioritize the allocation of individual lenders' funds for each loan, something which has become critical with the demand out-stripping supply for almost every loan. Auto 2.0 will prioritize Always on' tranche A over self-select tranche A as detailed on the dedicated website set up today. Self Select will allow bids in all 3 tranches.
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eeyore
Member of DD Central
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Post by eeyore on Jun 8, 2023 17:41:50 GMT
This loan repaid in full today with 78 days of penalty interest (£7.25/£1000 TrancheA).
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