eeyore
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Post by eeyore on Mar 22, 2021 17:28:34 GMT
Did not get any allocation on last loan via auto invest, emailed them and they replied ;- (The loan was heavily oversubscribed, 1k minimum will be invested in tranche A loans going forward.)I do hope that Proplend are not trying to give potential lenders the impression (or even believe it themselves) that Auto-Lend 2.0 will improve the chances of getting TrancheA loans in the current climate - if demand outstrips supply, then inevitably someone will be disappointed. There's nothing I can see in the new version that changes that. Only if the new "features" of Auto-Lend 2.0 deter enough lenders from using it will the chances of getting an allocation improve...
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eeyore
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Post by eeyore on Mar 23, 2021 8:55:54 GMT
Anyone else having trouble accessing the autolend page? It keeps turning to a blank screen then logging me out. Please read this thread from the beginning. I had the same problem. 'Cached Images & Files needed clearing as well as cookies'. Arrrgh! Now I've hit the problem with my Firefox browser. It was OK yesterday....
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eeyore
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Post by eeyore on Mar 24, 2021 15:12:24 GMT
And so it begins...
Without warning, funds for a new loan were withdrawn from my account into the "Waiting to Close" account but not yet visible.
The loan is the Hackney O*** loan, though no notification email has been received for Self-Selectors.
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Post by uksoul on Mar 24, 2021 15:33:09 GMT
And so it begins... Without warning, funds for a new loan were withdrawn from my account into the "Waiting to Close" account but not yet visible. The loan is the Hackney O*** loan, though no notification email has been received for Self-Selectors. Email just sent out to self selectors.
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eeyore
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Post by eeyore on Mar 24, 2021 15:44:48 GMT
And so it begins... Without warning, funds for a new loan were withdrawn from my account into the "Waiting to Close" account but not yet visible. The loan is the Hackney O*** loan, though no notification email has been received for Self-Selectors. Email just sent out to self selectors. Yup, email arrived just as I was posting the loan notification post. "Always On" users of Auto-Lend 2.0 still get the notification emails.
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ukinvestor
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Post by ukinvestor on Mar 24, 2021 15:45:26 GMT
...Stating that AutoLend Always On has already run for this loan before the email was sent...
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bababill
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Post by bababill on Mar 24, 2021 15:46:07 GMT
wow.. what are they thinking
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eeyore
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Post by eeyore on Mar 24, 2021 15:53:15 GMT
wow.. what are they thinking The obvious conclusion for me is that they want lenders to keep funds in our accounts at all times. (If Always-On lenders are given prior notice, then we'll keep the funds in our accounts at zero and send funds for each loan just before Auto-Lend runs the allocation.)
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Post by pmjenkins on Mar 24, 2021 15:58:16 GMT
Can anyone tell me what will happen when a loan is redeemed (or sold early).
Will AutoLend be turned off as was the case previously to prevent funds being re-invested?
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criston
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Post by criston on Mar 24, 2021 17:52:35 GMT
Set up self select, hit confirm, but no setup email confirmation.
Just checking if this is how it works with the new system.
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rs
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Post by rs on Mar 24, 2021 18:47:07 GMT
Can anyone tell me what will happen when a loan is redeemed (or sold early).
Will AutoLend be turned off as was the case previously to prevent funds being re-invested?
Unfortunately, you'll need to turn off autolend off. But you will not be allowed to turn it on for a month. Autolend will choose any tranche A within the limit you set from primary & secondary market.
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ukinvestor
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Post by ukinvestor on Mar 24, 2021 19:07:05 GMT
wow.. what are they thinking The obvious conclusion for me is that they want lenders to keep funds in our accounts at all times. (If Always-On lenders are given prior notice, then we'll keep the funds in our accounts at zero and send funds for each loan just before Auto-Lend runs the allocation.) Exactly! Setting up AutoLend was straight forward...but the instructions are more about what they don't say than what they say... Self-select says: - received notifications - using funds available the day before Always On doesn't say: - use your crystal ball to work out when to add money to your account - runs days before Self-select
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Post by Ace on Mar 24, 2021 19:09:24 GMT
Set up self select, hit confirm, but no setup email confirmation. Just checking if this is how it works with the new system. I set up self select for £1,000 and clicked submit. It said that settings had been saved, but when I looked again later it was reset to off again. It turned out that I only had a few pence under £1,000 available. No emails were received. I've now sent another £1 deposit to take it over £1,000, but it hasn't arrived yet. The system let me self select for £1,000 again. When navigating away and back again it's no longer set up and won't let me do it again. I'll have another go in the morning when the extra £1 arrives. Again, no emails. All very user unfriendly.
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bababill
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Post by bababill on Mar 24, 2021 20:33:54 GMT
Same issue FYI.
“The system let me self select for £1,000 again. When navigating away and back again it's no longer set up “
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criston
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Post by criston on Mar 24, 2021 20:51:14 GMT
Set up self select, hit confirm, but no setup email confirmation. Just checking if this is how it works with the new system. I set up self select for £1,000 and clicked submit. It said that settings had been saved, but when I looked again later it was reset to off again. It turned out that I only had a few pence under £1,000 available. No emails were received. I've now sent another £1 deposit to take it over £1,000, but it hasn't arrived yet. The system let me self select for £1,000 again. When navigating away and back again it's no longer set up and won't let me do it again. I'll have another go in the morning when the extra £1 arrives. Again, no emails. All very user unfriendly. I have no indication, either when I login to check the Auto Lend page, or by email; to see what I have actually set up.
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