SteveT
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Post by SteveT on Jul 22, 2016 12:47:16 GMT
The Stoke Poges loan is for only a shade over £1m so I hope savingstream clarify in their "upcoming loan" email whether it will be allocated bottom-up or by % of pre-fund. If it's to be % of pre-fund, the gamers will have a field day and make it very hard for non-gaming lenders to get a fair share. |
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dovap
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Post by dovap on Jul 22, 2016 13:07:14 GMT
16.7 - marketed at 1.8M but our budding property magnate (after a dabble in leasure(sic) and records) proposes to purchase for 2.2M ??
She could have had a sizeable lump of Scotland,that would double in value overnight, for that kind of money.
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Post by brianac on Jul 23, 2016 16:20:19 GMT
Well, in a previous ltd co she describes herself as an estate agent, so she must know something ...?
Brian
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adrianc
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Post by adrianc on Jul 25, 2016 9:56:05 GMT
The Stoke Poges loan is for only a shade over £1m so I hope savingstream clarify in their "upcoming loan" email whether it will be allocated bottom-up or by % of pre-fund. If it's to be % of pre-fund, the gamers will have a field day and make it very hard for non-gaming lenders to get a fair share. Poke Stoges is on a go-live tomorrow. C'mon, cooling_dude - extract digit, mate...
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star dust
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Post by star dust on Jul 25, 2016 10:07:36 GMT
The Stoke Poges loan is for only a shade over £1m so I hope savingstream clarify in their "upcoming loan" email whether it will be allocated bottom-up or by % of pre-fund. If it's to be % of pre-fund, the gamers will have a field day and make it very hard for non-gaming lenders to get a fair share. Poke Stoges is on a go-live tomorrow. C'mon, cooling_dude - extract digit, mate... The email states to be filled bottom up, so if they stick to it should be a fairer allocation.
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mikes1531
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Post by mikes1531 on Jul 25, 2016 10:32:57 GMT
Poke Stoges is on a go-live tomorrow. The email states to be filled bottom up... I don't seem to have received this email. When did it go out? If they really do allocate this loan bottom-up then we've had a policy change. Did the email actually state that there's been a policy change?
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goopy
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Post by goopy on Jul 25, 2016 10:37:39 GMT
It doesn't say there's been a policy change but it says it will be funded "using the 'bottom-up' funding model"...
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star dust
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Post by star dust on Jul 25, 2016 10:51:35 GMT
The email states to be filled bottom up... I don't seem to have received this email. When did it go out? If they really do allocate this loan bottom-up then we've had a policy change. Did the email actually state that there's been a policy change? I received mine at 10:17, it was an "ADVANCE LOAN GO-LIVE NOTICE" email, and the text said: "We are pleased to confirm that the above loan will be going live on Tuesday (26/07/2016). All investors should ensure their pre-funding level for this loan is accurate. This loan will be funded using the 'bottom-up' funding model. If you have any queries, please feel free to contact us. " They've chopped and changed before, but at least this time they've notified us. Personally I think it's fairer when they have loans a tad over the £1m cut-off point, maybe they looked at the pre-fund amounts and thought this would be a better way so they are doing it case by case. I just hope they don't change it.
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n
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Yet another Nick
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Post by n on Jul 25, 2016 11:01:43 GMT
Mine came at 10:27 so clearly it takes a while to churn through everone. Interestingly the PBL number has not appeared on the pipeline page yet.
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Jul 25, 2016 11:24:05 GMT
I don't seem to have received this email. When did it go out? If they really do allocate this loan bottom-up then we've had a policy change. Did the email actually state that there's been a policy change? I received mine at 10:17, it was an "ADVANCE LOAN GO-LIVE NOTICE" email, and the text said: "We are pleased to confirm that the above loan will be going live on Tuesday (26/07/2016). All investors should ensure their pre-funding level for this loan is accurate. This loan will be funded using the 'bottom-up' funding model. If you have any queries, please feel free to contact us. " They've chopped and changed before, but at least this time they've notified us. Personally I think it's fairer when they have loans a tad over the £1m cut-off point, maybe they looked at the pre-fund amounts and thought this would be a better way so they are doing it case by case. I just hope they don't change it. The last Advance Loan Go-Live was bottom-up. SS may have edited the notification but forgotten to change the funding model.
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adrianc
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Post by adrianc on Jul 25, 2016 12:05:25 GMT
I received mine at 10:17, it was an "ADVANCE LOAN GO-LIVE NOTICE" email, and the text said: "We are pleased to confirm that the above loan will be going live on Tuesday (26/07/2016). All investors should ensure their pre-funding level for this loan is accurate. This loan will be funded using the 'bottom-up' funding model. If you have any queries, please feel free to contact us. " They've chopped and changed before, but at least this time they've notified us. Personally I think it's fairer when they have loans a tad over the £1m cut-off point, maybe they looked at the pre-fund amounts and thought this would be a better way so they are doing it case by case. I just hope they don't change it. The last Advance Loan Go-Live was bottom-up. SS may have edited the notification but forgotten to change the funding model. Even if they did mean it to go out saying "bottom-up", they may well change their mind before the actual go-live.
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mikes1531
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Post by mikes1531 on Jul 25, 2016 13:00:21 GMT
The last Advance Loan Go-Live was bottom-up. SS may have edited the notification but forgotten to change the funding model. Even if they did mean it to go out saying "bottom-up", they may well change their mind before the actual go-live. My email has arrived. I've replied to it, asking SS whether the divergence from their policy was a policy change, a policy exception, or a mistake in the email. I also asked, if it was unintentional, what allocation method actually would be used -- as per the SS policy, or as per the notice. I accept that even if they give me a definitive answer they could change their mind before the actual go-live, but they upset people whenever they say they're going to do one thing and then do something else, and I would hope they'd prefer to avoid that.
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Post by geraldine1210 on Jul 27, 2016 1:54:41 GMT
Just seen that pbl 093 project is due to have a second tranche of money released as a new pipeline loan. By experience, is that likely to be an almost instant loan that will just suddenly appear?
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SteveT
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Post by SteveT on Jul 27, 2016 5:21:24 GMT
Just seen that pbl 093 project is due to have a second tranche of money released as a new pipeline loan. By experience, is that likely to be an almost instant loan that will just suddenly appear? Hopefully not. By telling lenders in advance that it will be released as a pipeline loan, the expectation is set that we'll get an email announcing the second tranche in the normal way and 24 hours or so to set pre-fund targets. Hopefully also an indication of how it will be allocated (bottom-up or % of pre-fund).
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jul 27, 2016 7:53:04 GMT
Just seen that pbl 093 project is due to have a second tranche of money released as a new pipeline loan. By experience, is that likely to be an almost instant loan that will just suddenly appear? Due to the negative response SS got when they dumped the DFL002 500k tranche onto the SM (despite previously announcing they wouldn't), SS apologised and confirmed in all future Tranche releacse, it would be via the pipeline. Since the DFL002 tranche, PBL060 had a trachce released via the pipeline.
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