tomtom
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Post by tomtom on Jan 14, 2016 15:59:10 GMT
Regarding pre-funding do you have to cover the amount of pre-funding you have indicated for each loan held in your account?
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ablender
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Post by ablender on Jan 14, 2016 16:04:21 GMT
Regarding pre-funding do you have to cover the amount of pre-funding you have indicated for each loan held in your account? Wait until you are allocated an amount. Then you have 24 or 48hrs (cannot remember) to balance your account.
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Post by GSV3MIaC on Jan 14, 2016 16:07:36 GMT
I have a problem with the pre-funding settings for these new additions to the pipeline. Tranche A appeared with pre-funding set to zero, while the other three tranches appeared with pre-funding set to the 'default' amount set at the top of the Pipeline page. Is it just me? Did anyone else have a problem? Yes;mine was exactly the same. I was able to bring it in to line however.Thought it was just me. Me too. Why 1 failed and the other 3 worked .. mystery. However I doubt there is any rush to sort it out, given the loans are at stage -1 or -2
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Post by GSV3MIaC on Jan 14, 2016 16:09:13 GMT
Regarding pre-funding do you have to cover the amount of pre-funding you have indicated for each loan held in your account? Wait until you are allocated an amount. Then you have 24 or 48hrs (cannot remember) to balance your account. 48 hours, with some flexibility (at least for known customers) when weekends and bank holidays get in the way, ime. (Maybe it's 48 working hours?). All in the T&Cs, iffin you can find them, I am sure ..
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tomtom
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Post by tomtom on Jan 14, 2016 16:10:00 GMT
Thanks for your reply I assume that if you indicated that you would like to prefund a loan for a set amount, what would hapen if when you received your allocation you decided for what ever reason that you only wanted to invest a lower figure ie 50% of what you had indictaed, would you be allowed to invest that lower amount or would you loose your allocation.
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Post by GSV3MIaC on Jan 14, 2016 16:12:42 GMT
You get (at most) what you asked for. You can then sell all of that, or some part thereof, which right now is instant. For new loans where there is a lot of transactions, it might take a minute or two. 8>.
If you don't cough up the funds in the allotted time (and after numerous emails dunning you for the funds) SS will sell something - probably the new parts .. to square your account.
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ablender
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Post by ablender on Jan 14, 2016 16:14:07 GMT
Thanks for your reply I assume that if you indicated that you would like to prefund a loan for a set amount, what would hapen if when you received your allocation you decided for what ever reason that you only wanted to invest a lower figure ie 50% of what you had indictaed, would you be allowed to invest that lower amount or would you loose your allocation. Put the rest of it on the SM. When you sell it you will not have to fund it yourself.
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mikes1531
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Post by mikes1531 on Jan 14, 2016 17:05:53 GMT
I have a problem with the pre-funding settings for these new additions to the pipeline. Tranche A appeared with pre-funding set to zero, while the other three tranches appeared with pre-funding set to the 'default' amount set at the top of the Pipeline page. Is it just me? Did anyone else have a problem? Yes;mine was exactly the same. I was able to bring it in to line however.Thought it was just me. I have sent an email to savingstream informing them of the odd behaviour that occurred in my account. I would suggest that anyone else who found the new pipeline loans appeared with pre-funding they didn't expect also should write to SS. Aside from showing that it wasn't just me that had a problem, more reports of odd behaviour might help them identify the source of the problem so that they can fix it.
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Post by supernumerary on Jan 14, 2016 20:22:32 GMT
So, for January, Saving Stream have announced in their last statement in December 2015, that these loans are 'coming soon'...
• Residential and Retail Development, Hull – Waiting on new valuation document. £5.225m loan. This will likely drawdown mid-January. • Lowestoft Marina – Delayed until early January [£252,000] • Eyemouth Boat Yard - Delayed until early January. [£280,000]
Just a hunch, perhaps Friday, 15th January 2016? That would be mid January...
We shall see!
Hope so need to spread mine out. snappyfish, Tomorrow, could be the day to spread them out...  We shall see!!
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Post by ladywhitenap on Jan 14, 2016 20:27:01 GMT
This problem has either been fixed or my account did not suffer from the prefund anomaly. All 4 tranches has been set to my chosen prefund level.
LW
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mikes1531
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Post by mikes1531 on Jan 14, 2016 21:05:01 GMT
Have I missed some news regarding the PBL049 borrower? In the 18/Dec update, savingstream said... If that really happened, I would have expected the new loan to have appeared by now since three weeks have passed. Perhaps it didn't actually happen, but in that case I would have expected it to show up in the pipeline. Or perhaps SS/Lendy decided to keep that loan for themselves. |
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will
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Post by will on Jan 14, 2016 21:10:56 GMT
I often wonder what happened to all the boaty loans Lendy used to do during their "startup" period.
Maybe they keep those to themselves?
Even MT don't seem to have picked them up .....
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jan 14, 2016 21:17:39 GMT
I often wonder what happened to all the boaty loans Lendy used to do during their "startup" period. Maybe they keep those to themselves? Even MT don't seem to have picked them up ..... I may be wrong; but I am sure I read somewhere on this forum that Lendy don’t put all loans onto saving stream; that for some of the smaller loans they keep to themselves. Would this also explain how they can advertise "Rates from 1.00% per month" on the Lendy (NOT saving stream) website; because for the smaller loans (such as boats) they implement a lower 12%APR interest rate?
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sam i am
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Post by sam i am on Jan 14, 2016 22:02:54 GMT
I often wonder what happened to all the boaty loans Lendy used to do during their "startup" period. Maybe they keep those to themselves? Even MT don't seem to have picked them up ..... I may be wrong; but I am sure I read somewhere on this forum that Lendy don’t put all loans onto saving stream; that for some of the smaller loans they keep to themselves. Would this also explain how they can advertise "Rates from 1.00% per month" on the Lendy (NOT saving stream) website; because for the smaller loans (such as boats) they implement a lower 12%APR interest rate? I posted something along those lines hereBut I have to stress these were just my musings and I don't have any firm evidence. If you find anything more definite I would be interested to know - although only because I'm curious.
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star dust
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Post by star dust on Jan 15, 2016 6:37:07 GMT
No details yet, but four equal sized tranches of land 70% LTV £1.750m have appeared in the pipeline. I see that these have not even been allocated the un-defined stage 0 status that has been used for Exeter DFL001, so I conclude it must be very immature? LW They all have '0's now, but unfortunately nothing else seems to have moved up the scale yet  . No details yet, but four equal sized tranches of land 70% LTV £1.750m have appeared in the pipeline. I have a problem with the pre-funding settings for these new additions to the pipeline. Tranche A appeared with pre-funding set to zero, while the other three tranches appeared with pre-funding set to the 'default' amount set at the top of the Pipeline page. Is it just me? Did anyone else have a problem? Mine were fine, so an 'intermittent' fault by the looks of it. With regard to Lendy keeping some loans to themselves they are AFAIC unsubstantiated rumours. However, if they gave everyone a circa £50 allocation of a small loan they would probably think that for the flack they would get here alone, it wouldn't be worth it!
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