jonbvn
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Post by jonbvn on Feb 26, 2015 13:04:38 GMT
Having recently signed up to Ablrate I notice that this lenders are not exactly rushing to bid on this loan, with less than 7% of the total sum requested committed so far (26 Feb)
So a few questions:
1, What happens if investors fail to offer the total sum requested? 2. Do loans start to fill up quicker, closer to their completion date? 3. Is what I am seeing now similar to bidding on previous loans?
Thanks for any responses.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 26, 2015 13:57:12 GMT
Having recently signed up to Ablrate I notice that this lenders are not exactly rushing to bid on this loan, with less than 7% of the total sum requested committed so far (26 Feb)
So a few questions:
1, What happens if investors fail to offer the total sum requested? 2. Do loans start to fill up quicker, closer to their completion date? 3. Is what I am seeing now similar to bidding on previous loans?
Thanks for any responses. 1. On occasions where this has happened the loans have gone ahead without any problems as they are underwritten or merely taking out existing investors so full take up wasnt necessary. Some unsubscribed units were put on the SM by Ablrate. 2. Tends to be steady. Obviously depends on loan as non-instant returns discourage early investment. Institutional money has also been introduced on some loans so take up has leapt suddenly 3. Yes, pretty similiar
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Post by ablrate on Feb 26, 2015 14:26:04 GMT
Thanks il moro, you beat me to it.
jonbvn, we do have institutional money looking at the loan and have instant returns on this one (which means you get interest from the moment you bid), so we are pretty confident that this will fill.
It is probably good for me at this point to mention also that we are building a new platform due in April. This platform will allow our underwriters to more easily manage their participation in loans and the secondary market will be way more sophisticated attracting more liquidity. If more liquidity is available on the SM then the primary market (all things being equal) should take care of itself.
Our goal with the new platform is to be able to place our pipeline of loans more efficiently from a borrowers perspective (with added tools for then), give underwriters more tools to be able to commit to loans and therefore give more loans, more regularly for borrowers to invest in. This will include more institutional money essentially 'bridging' transactions and then allowing lenders to become involved after the fact, meaning more loans will close earlier which aagain allows more laons to be placed.
I can't give too much detail on how this will all be achieved, but with about 6 weeks until launch, we should have more for you soon. The big launch for us will be at the UK investor show in April, of course existing users will be able to use the platform the day it goes live sometime in the second week of April, after testing takes place.
Regards Ablrate
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jonbvn
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Post by jonbvn on Feb 26, 2015 19:24:00 GMT
Ablrate, Sorry, but I didn't ask you to advertise the latest changes to your platform. I was looking for an answer to some simple questions, none of which you answered. Your deliberate obfuscation has just determined that I will not be wasting my money with you. Have you considered politics
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TFTO
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Post by TFTO on Feb 26, 2015 19:49:34 GMT
Thanks il moro, you beat me to it. jonbvn, we do have institutional money looking at the loan and have instant returns on this one (which means you get interest from the moment you bid), so we are pretty confident that this will fill. It is probably good for me at this point to mention also that we are building a new platform due in April. This platform will allow our underwriters to more easily manage their participation in loans and the secondary market will be way more sophisticated attracting more liquidity. If more liquidity is available on the SM then the primary market (all things being equal) should take care of itself. Our goal with the new platform is to be able to place our pipeline of loans more efficiently from a borrowers perspective (with added tools for then), give underwriters more tools to be able to commit to loans and therefore give more loans, more regularly for borrowers to invest in. This will include more institutional money essentially 'bridging' transactions and then allowing lenders to become involved after the fact, meaning more loans will close earlier which aagain allows more laons to be placed. I can't give too much detail on how this will all be achieved, but with about 6 weeks until launch, we should have more for you soon. The big launch for us will be at the UK investor show in April, of course existing users will be able to use the platform the day it goes live sometime in the second week of April, after testing takes place. Regards Ablrate ablrate - I hope that small retail lenders will still have access to the primary market once your changes are released? I would not like you to go down the Assetz route.
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Post by ablrate on Feb 27, 2015 9:40:34 GMT
Ablrate, Sorry, but I didn't ask you to advertise the latest changes to your platform. I was looking for an answer to some simple questions, none of which you answered. Your deliberate obfuscation has just determined that I will not be wasting my money with you. Have you considered politics Forgive me but I felt Il moro had answered the questions well, as you will see from he rest of this forum we are not backward in coming forward, so sorry you feel we didn't answer you questions, but for the record: 1. If the loan is not totally filled the money is sent back to your account and you get instant returns credited so there is no drag on your money. 2. Il moro is correct, it tends to be steady throughout 3. Yes it is similar Thanks for looking at us anyway, and all the best with your investing. Sadly politics is not something I would be suited to, most of us are from the North so we find it difficult to obfuscate. Regards Ablrate
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Post by ablrate on Feb 27, 2015 10:17:13 GMT
Thanks il moro, you beat me to it. jonbvn, we do have institutional money looking at the loan and have instant returns on this one (which means you get interest from the moment you bid), so we are pretty confident that this will fill. It is probably good for me at this point to mention also that we are building a new platform due in April. This platform will allow our underwriters to more easily manage their participation in loans and the secondary market will be way more sophisticated attracting more liquidity. If more liquidity is available on the SM then the primary market (all things being equal) should take care of itself. Our goal with the new platform is to be able to place our pipeline of loans more efficiently from a borrowers perspective (with added tools for then), give underwriters more tools to be able to commit to loans and therefore give more loans, more regularly for borrowers to invest in. This will include more institutional money essentially 'bridging' transactions and then allowing lenders to become involved after the fact, meaning more loans will close earlier which aagain allows more laons to be placed. I can't give too much detail on how this will all be achieved, but with about 6 weeks until launch, we should have more for you soon. The big launch for us will be at the UK investor show in April, of course existing users will be able to use the platform the day it goes live sometime in the second week of April, after testing takes place. Regards Ablrate ablrate - I hope that small retail lenders will still have access to the primary market once your changes are released? I would not like you to go down the Assetz route. Hi larkincj We posted a blog post here which started off as view of how the industry is growing and then became a lament about how the Alternative Finance Industry may becoming not so 'alternative'. We have been accused of 'obfuscation' today, so up front I would like to say Yes, small retail lenders will still have access to the primary market.... ..if that is the only answer you wanted you may now move on... nothing to see here... however, if you are interested in the reason, this is why: At the core of every institution is someone else's money and 99% of the time that money is retail investors', be it pension funds, bonds, unit trusts etc. You could tell me that this institution or that institution only gets money from other institutions etc... however it is broken down I would argue that the majority of the money swilling around in institutions is retail money, in some way shape or form. If you start to excluded retail money in the market lending marketplace from having the tools to invest directly, in favor of pooled retail money (institutional cash) then you are, by definition, encouraging collective investment... and that is not the essence of market place lending, that is fund management and that is a whole different ball game, with a whole different set of rules for protecting investors. It's a bit like having a revolution, the industry storming the gates of the Palace of the Bankers, ousting the bad banking tyrant, sitting on his thrown, finding the view is very nice, making yourself comfortable and locking the gates to the community who helped you storm the palace in the first place. No good can come of that.... Regards Ablrate
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Feb 27, 2015 10:21:36 GMT
Ablrate, Sorry, but I didn't ask you to advertise the latest changes to your platform. I was looking for an answer to some simple questions, none of which you answered. Your deliberate obfuscation has just determined that I will not be wasting my money with you. Have you considered politics Forgive me but I felt Il moro had answered the questions well, as you will see from he rest of this forum we are not backward in coming forward, so sorry you feel we didn't answer you questions, but for the record: 1. If the loan is not totally filled the money is sent back to your account and you get instant returns credited so there is no drag on your money. 2. Il moro is correct, it tends to be steady throughout 3. Yes it is similar Thanks for looking at us anyway, and all the best with your investing. Sadly politics is not something I would be suited to, most of us are from the North so we find it difficult to obfuscate. Regards Ablrate Aye up lad,most of "us" would find it hard to spell it ;)Off to feed me pigeons and take whippet for a walk.
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Post by meledor on Feb 28, 2015 11:54:40 GMT
.... I will not be wasting my money with you. jonbvn
I hope any misunderstanding will not put you off. Ablrate enable questions to be asked here:
support.ablrate.com/support/home
and you can ask questions in a Q&A section linked to each bid. I've also emailed Ablrate a couple of times and the responses have been speedy and clear. So I don't think Ablrate can be considered to be vague or evasive.
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duck
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Post by duck on Mar 3, 2015 6:07:40 GMT
.... I will not be wasting my money with you. jonbvn
I hope any misunderstanding will not put you off. Ablrate enable questions to be asked here:
support.ablrate.com/support/home
and you can ask questions in a Q&A section linked to each bid. I've also emailed Ablrate a couple of times and the responses have been speedy and clear. So I don't think Ablrate can be considered to be vague or evasive.
I would like to second meledor's comment, I view communication as important and so far this has been exemplary. Whilst my investment is not currently as high as I would like it to be ( I dip a toe in before investing larger amounts) I anticipate it will grow quickly as the new loans arrive, a process on my part that has already started.
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Post by xyon100 on Mar 7, 2015 22:21:35 GMT
I'm somebody who was (and perhaps is) considering investing but one thing really bothers me. I expect these legal contracts to be gone over with a fine toothed comb, all I's dotted and T's crossed. Why is I am seeing so many mistakes in English on the site? And now I have my welcome email.
""We are very pleased to welcome you to our community, whether you wish to invest, borrower funds or work with us as an intermediary we are looking forward to being of service.""
Guys, this is sloppy and not reassuring at all. Unless my English is off, the "borrower" is out of place. The welcome email is only a few lines, how much care do you take with legal contracts for Millions?
I hate to be a moaner but if I was a shareholder I would be firing the person who is responsible for that welcome mail.
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Post by ablrateandy on Mar 8, 2015 0:19:59 GMT
hi xyon100 . Thanks for the comment and yes - we are currently going through droves of our standard e-mails and improving the quality of the content, which certainly have room for improvement. There is a fairly substantial change due in the next few weeks and the issue that you have raised is one that is at the top of our priorities. In terms of our DD processes, I can only assure you that they are exceptionally thorough from start to finish and looked over not only by us but by a swarm of lawyers and industry experts. I seriously doubt that any P2B lender gets anywhere near the quantity and quality of DD that we undertake on each of our aircraft transactions as the bill generally runs into six figures and tens of documents. If you have any issues then do feel free to DM either myself or ablrate and we will come straight back to you.
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Investor
Member of DD Central
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Post by Investor on Mar 8, 2015 0:23:56 GMT
I'm somebody who was (and perhaps is) considering investing but one thing really bothers me. I expect these legal contracts to be gone over with a fine toothed comb, all I's dotted and T's crossed. Why is I am seeing so many mistakes in English on the site? And now I have my welcome email.
""We are very pleased to welcome you to our community, whether you wish to invest, borrower funds or work with us as an intermediary we are looking forward to being of service.""
Guys, this is sloppy and not reassuring at all. Unless my English is off, the "borrower" is out of place. The welcome email is only a few lines, how much care do you take with legal contracts for Millions?
I hate to be a moaner but if I was a shareholder I would be firing the person who is responsible for that welcome mail. 'Why is I am seeing so many mistakes'? Lucky you don't work for yourself xyon, you would have a terrible conundrum.
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Post by mogzi on Mar 8, 2015 8:46:51 GMT
I'm somebody who was (and perhaps is) considering investing but one thing really bothers me. I expect these legal contracts to be gone over with a fine toothed comb, all I's dotted and T's crossed. Why is I am seeing so many mistakes in English on the site? And now I have my welcome email.
""We are very pleased to welcome you to our community, whether you wish to invest, borrower funds or work with us as an intermediary we are looking forward to being of service.""
Guys, this is sloppy and not reassuring at all. Unless my English is off, the "borrower" is out of place. The welcome email is only a few lines, how much care do you take with legal contracts for Millions?
I hate to be a moaner but if I was a shareholder I would be firing the person who is responsible for that welcome mail. I raised the same point months ago!
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 8, 2015 9:43:03 GMT
I'm somebody who was (and perhaps is) considering investing but one thing really bothers me. I expect these legal contracts to be gone over with a fine toothed comb, all I's dotted and T's crossed. Why is I am seeing so many mistakes in English on the site? And now I have my welcome email.
""We are very pleased to welcome you to our community, whether you wish to invest, borrower funds or work with us as an intermediary we are looking forward to being of service.""
Guys, this is sloppy and not reassuring at all. Unless my English is off, the "borrower" is out of place. The welcome email is only a few lines, how much care do you take with legal contracts for Millions?
I hate to be a moaner but if I was a shareholder I would be firing the person who is responsible for that welcome mail. 'Why is I am seeing so many mistakes'? Lucky you don't work for yourself xyon , you would have a terrible conundrum. Then there is all that suspect punctuation such as commas. I have changed two to red for discussion purposes. Let's not begin to point out errant apostrophes, especially when trying to write about crossing tee's and dotting eye's!
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