registerme
Member of DD Central
Posts: 6,624 
Likes: 6,437
|
Post by registerme on Sept 1, 2015 12:57:12 GMT
I agree with that bonfemme. Equally I know a lawyer who's resigned from the law firm he worked for and now works as a station assistant on the Tube. The principal reason? Less work, more holiday, more pay.
|
|
|
|
Post by yorkshireman on Sept 1, 2015 13:56:37 GMT
Thanks for the good wishes, but for balance, what you should have added was: "The inquisitorial system used in Europe means that the cost of investigations falls more on judges’ budgets than lawyers and so countries’ systems cannot be compared like for like." As a humble taxpayer aka milch cow for HMG, I'm not to know that.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Sept 2, 2015 12:58:58 GMT
Two more of the pipeline loans now have valuations available to read
|
|
|
|
Post by pepperpot on Sept 2, 2015 13:06:41 GMT
Not knowing which one is likely to draw first makes pre-funding too blunt a tool if you want to choose the loans you participate in (now that direct lending makes choosing necessary), as such I've reluctantly switched it off. (Edit; because at least one in the list doesn't interest me)
Pre-funding on a per loan basis would be better.
|
|
arbster
Member of DD Central
Posts: 810
Likes: 426
|
Post by arbster on Sept 2, 2015 13:08:29 GMT
Thanks for the good wishes, but for balance, what you should have added was: "The inquisitorial system used in Europe means that the cost of investigations falls more on judges’ budgets than lawyers and so countries’ systems cannot be compared like for like." As a humble taxpayer aka milch cow for HMG, I'm not to know that. I suppose the Telegraph journo should have included that fact in his article, or done a more complete piece covering the total costs of the respective legal systems. This assumes that the "judges' budgets" in central European countries are also state funded.
|
|
arbster
Member of DD Central
Posts: 810
Likes: 426
|
Post by arbster on Sept 2, 2015 13:11:07 GMT
Not knowing which one is likely to draw first makes pre-funding too blunt a tool if you want to choose the loans you participate in (now that direct lending makes choosing necessary), as such I've reluctantly switched it off. (Edit; because at least one in the list doesn't interest me) Pre-funding on a per loan basis would be better. As per my earlier post, being able to selectively decline pre-funded portions of individual loans would make the solution usable. I'm inclined also to switch it off - at the moment I have it set to a smaller amount than I would otherwise, until I see how liquid the SM is following both these changes.
|
|
sam i am
Member of DD Central
Posts: 697
Likes: 555
|
Post by sam i am on Sept 2, 2015 14:12:47 GMT
I'm very pleased to see the valuation reports added to the pipeline loans tab. It would be good if SS could also add the loan particulars. This would allow us to understand a bit more about the borrower, the asset, the purpose of the loan, whether it is first or second charge and what the exit strategy is.
|
|
star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
|
Post by star dust on Sept 2, 2015 14:33:09 GMT
The Welsh Land's just been given a number - get ready to adjust your pre-fund targets  . "PBL55 - Land with planning, Wales £1,400,000 £623,000 45% 4 Available" Seriously, it would really help to know a when - in order, today, tomorrow, both together? |
|
Bagman
Member of DD Central
Posts: 209
Likes: 131
|
Post by Bagman on Sept 2, 2015 15:47:01 GMT
I just got £194.44 of "PBL55 - Land with planning, Wales " from my prefunding offer..
|
|
ikorodu
Member of DD Central
Posts: 75
Likes: 9
|
Post by ikorodu on Sept 2, 2015 15:50:12 GMT
I just got £194.44 of "PBL55 - Land with planning, Wales " from my prefunding offer.. Me too. Appears to be fully funded from pre-funding already. I had set my pre-funding to £500.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Sept 2, 2015 15:51:10 GMT
I just got £194.44 of "PBL55 - Land with planning, Wales " from my prefunding offer.. That's odd. I got £1555.56, which is less than my pre-funding limit, but I understood the published allocation process would therefore give everyone below that (or at least at £1000 and below) their full requested amount. What did you have your limit set to? Update: judging from ikorodu's post, we both seem to have been allocated 38.89% of our limits
|
|
|
|
Post by phlitb on Sept 2, 2015 15:51:38 GMT
Got just under 40% of my prefunding target for PBL55. So the next stage of the game will be to request more than you actually want and expect to be scaled down, and if you get too much then sell any surplus...
|
|
adrianc
Member of DD Central
Posts: 10,015
Likes: 5,144
Member is Online
|
Post by adrianc on Sept 2, 2015 15:57:50 GMT
Yep, same here. Looks like 38% of what people asked for.
|
|
|
|
Post by betterthanworking on Sept 2, 2015 16:06:36 GMT
The next loans are 3 or 4 times as big, so everyone should get a full hodfull this time.
|
|
|
|
Post by nickthefool on Sept 2, 2015 16:10:28 GMT
Got just under 40% of my prefunding target for PBL55. So the next stage of the game will be to request more than you actually want and expect to be scaled down, and if you get too much then sell any surplus... This was something I thought of as a downside when they initially announced the prefunding, but didn't mention it because when I read the description again, that's not how they said it would work. I think doing it this way is probably fairest*, it's just not what they said, and the downside is that some people will prefund more than they want to deposit, to try and play the system to end up with how much they actually want. Having said that, I'm fairly happy with the amount I got as I had a late change of heart and doubled my prefunding investment. * For example for a £1m loan, if 900 people bid £1k and 11 people bid £100k, it seems fairer to give everyone 50% of what they bid, than to give the 900 people £1k and the 11 people £9k (plus small change).
|
|
.
