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Post by savingstream on Dec 21, 2016 17:31:45 GMT
savingstream , can you please confirm that holdings of PBL092 will be rolled over into the new DFL012? Thanks Hi Steve - good point. See edited particulars. "Please note - all investors in PBL092 will be repaid as this is a material change the original loan. If you wish to invest in this new loan, please select a prefunding level. "
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Post by savingstream on Dec 21, 2016 17:32:51 GMT
I see that R***n C***t is set at 0 days It gets amalgamated into the existing DFL. The term is the same as DFL 001.
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treeman
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Post by treeman on Dec 21, 2016 17:35:36 GMT
savingstream , can you please confirm that holdings of PBL092 will be rolled over into the new DFL012? Thanks Hi Steve - good point. See edited particulars. "Please note - all investors in PBL092 will be repaid as this is a material change the original loan. If you wish to invest in this new loan, please select a prefunding level. "Thanks for clarity on this one savingstreamSimple enquiry as you're on here - no worries either way (!) - are you expecting to free any more from the Pipeline today?
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Post by savingstream on Dec 21, 2016 17:38:19 GMT
Hi Steve - good point. See edited particulars. "Please note - all investors in PBL092 will be repaid as this is a material change the original loan. If you wish to invest in this new loan, please select a prefunding level. "Thanks for clarity on this one savingstream Simple enquiry as you're on here - no worries either way (!) - are you expecting to free any more from the Pipeline today? An Advanced Notice email is shortly to go to investors.
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Carter
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Post by Carter on Dec 21, 2016 17:51:20 GMT
savingstream , can you please confirm that holdings of PBL092 will be rolled over into the new DFL012? Thanks Hi Steve - good point. See edited particulars. "Please note - all investors in PBL092 will be repaid as this is a material change the original loan. If you wish to invest in this new loan, please select a prefunding level. "Is it possible for investors to have the option to roll over as in previous cases? Personally, this is a massive pain as there is little chance that my current invested funds in 92 will be reallocated through prefunding.
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treeman
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Post by treeman on Dec 21, 2016 17:52:41 GMT
Thanks for clarity on this one savingstream Simple enquiry as you're on here - no worries either way (!) - are you expecting to free any more from the Pipeline today? An Advanced Notice email is shortly to go to investors. Thanks for the reply - email received (yet to digest!) - one helluva week!
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Post by savingstream on Dec 21, 2016 18:01:51 GMT
Hi Steve - good point. See edited particulars. "Please note - all investors in PBL092 will be repaid as this is a material change the original loan. If you wish to invest in this new loan, please select a prefunding level. "Is it possible for investors to have the option to roll over as in previous cases? Personally, this is a massive pain as there is little chance that my current invested funds in 92 will be reallocated through prefunding. That is something we want to put into the system, an opt out/in to any material changes etc to allow investors to roll. At the moment, the fairest way is to repay and relaunch.
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treeman
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Post by treeman on Dec 21, 2016 18:05:42 GMT
Is it possible for investors to have the option to roll over as in previous cases? Personally, this is a massive pain as there is little chance that my current invested funds in 92 will be reallocated through prefunding. That is something we want to put into the system, an opt out/in to any material changes etc to allow investors to roll. At the moment, the fairest way is to repay and relaunch. Will the repayments be made before go-live time or at least in time to satisfy INPL ?
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jcb208
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Post by jcb208 on Dec 21, 2016 18:14:29 GMT
That is something we want to put into the system, an opt out/in to any material changes etc to allow investors to roll. At the moment, the fairest way is to repay and relaunch. Will the repayments be made before go-live time or at least in time to satisfy INPL ? Not in my case,Not happy about repayment as I have a large investment in this and will only get a fraction reinvested in the new DFL
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Carter
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Post by Carter on Dec 21, 2016 18:14:33 GMT
Is it possible for investors to have the option to roll over as in previous cases? Personally, this is a massive pain as there is little chance that my current invested funds in 92 will be reallocated through prefunding. That is something we want to put into the system, an opt out/in to any material changes etc to allow investors to roll. At the moment, the fairest way is to repay and relaunch. In previous rollovers you have given investors the option to opt in/out requesting that anyone who did not want to be rolled informed you. I appreciate that given the amount of current activity and the speed this is moving this may be impractical. It may be more equitable to repay and relaunch so all investors have the same opportunity to invest but for anyone who has spent time and effort to build a decent position in any one loan, seeing this position evaporate within 24hrs is a little hard to digest.
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star dust
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Post by star dust on Dec 21, 2016 18:20:59 GMT
Email just received, serves well as a pipeline summary, so here it is
"PIPELINE UPDATE
Dear Star Dust
Due to the time of year, this week was going to be very busy and potentially changeable. Yesterday we gave notice on a few loans which are not now happening until the new year and today we have added some more to the pipeline that need to complete by the end of the week. We apologise for any confusion caused but unfortunately, it is the nature of this particular beast.
Loans that went live today
1) PBL154 - E**** V****
2) PBL149 - Hampshire
Advance notice to go Live tomorrow: (22/12/2016)
1) PBL155 - Prestatyn
2) PBL156 - Hull The existing PBL131 loan will be repaid in full once we have launched PBl156. The original security of PBL054 is still in place. This is because the proposed purchase has not yet materialised and we no longer require the funds for the additional land, whilst the vendors/purchasers continue their negotiations.
3) DFL001 - Tranche 5 - Exeter
4) DFL008 - Tranche 3 - Liverpool
5) DFL011 - Haywards Heath
6) DFL012 - Liverpool - we are re-launching this PBL as a formal development loan and raising a further c.£1.5m
Loans still in legals, go live likely early January 2017:
1) Caravan Parks x 3
2) G*********** R********, Lincs.
3) W**** B*** P****, Suffolk.
4) R******** R****, Bradford.
N.B. We reserve the right to cancel or extend this go live date if required."
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jcb208
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Post by jcb208 on Dec 21, 2016 18:37:37 GMT
With these repayments and loans going live all at once we are going to have lots of messed up accounts either with large negative balances or surplus funds.It's going to be very hard to predict what we will end up with
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twoheads
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Programming
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Post by twoheads on Dec 21, 2016 18:42:15 GMT
In previous rollovers you [ Saving Stream] have given investors the option to opt in/out requesting that anyone who did not want to be rolled informed you. I appreciate that given the amount of current activity and the speed this is moving this may be impractical. It may be more equitable to repay and relaunch so all investors have the same opportunity to invest but for anyone who has spent time and effort to build a decent position in any one loan, seeing this position evaporate within 24hrs is a little hard to digest. Carter, SS sometimes allow the rollover (I had one for PBL0943 if I recall correctly), sometimes they don't. I'm not sure why not but the last two or three have not allowed rollover. I expect a rollover requires quite some book-keeping on their part.
I haven't been affected by these but I know there were similar complaints to yours the last time this happened.
SS's statement 'At the moment, the fairest way is to repay and relaunch.' I think is quite wrong: how is this the fairest way?
I don't want to go SS bashing. They've taken quite a bit recently and have responded pretty well in the last few days. And I've never seen so much in the pipeline.
Hopefully, as they say, they will add this to their system so that rollover becomes an easy option for them.
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Post by Deleted on Dec 21, 2016 18:44:37 GMT
That is something we want to put into the system, an opt out/in to any material changes etc to allow investors to roll. At the moment, the fairest way is to repay and relaunch. In previous rollovers you have given investors the option to opt in/out requesting that anyone who did not want to be rolled informed you. I appreciate that given the amount of current activity and the speed this is moving this may be impractical. It may be more equitable to repay and relaunch so all investors have the same opportunity to invest but for anyone who has spent time and effort to build a decent position in any one loan, seeing this position evaporate within 24hrs is a little hard to digest. I agree, surely the fairest way is to allow an opt out/in, to allow the original lenders to continue with a loan that until today still had at least five months to run.
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p2p2p
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Post by p2p2p on Dec 21, 2016 18:46:22 GMT
Why don't I get these emails? The Email Preferences don't cover them, and all I can find is a SMS option, which I don't want, and doesn't seem to be the level of detail in these emails.
If I set pre-funding default to £500, these rapid changes could lead to large debits on my account. If I ignore the requests for top-up, I assume my allocations just drop back into the pool in a day or so. Would these repeat default in INPL affect my reputation on the site?
Why doesn't the pipeline table have a column with the expected go-live date, once known?
I seem to be spending all too much time micro-managing my loans, and I'd much rather just drop £1000 in occasionally and let repayments/prefunding handle itself, with my just setting a diversification target with my prefunding limit. I worry that reading this forum is becoming required for SS investors, rather than being an optional extra for the specially keen.
John
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