mikes1531
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Post by mikes1531 on Mar 30, 2015 14:35:09 GMT
Tiny -- £200 -- diamond ring loan has just appeared. Ha. Lost that race. Deposit arrived a minute after the last slice went. With loans this small, there's not a lot of opportunity to find out about it, transfer some money, have it credited, and get in on the loan before it's fully funded. I try to leave a few quid available in my account for just such occasions. I realise it dilutes/reduces my FS return, but it's coming from a current account that doesn't pay any interest, so the cost of the idle money really is minimal.
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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 Mar 30, 2015 14:43:27 GMT
Ha. Lost that race. Deposit arrived a minute after the last slice went. With loans this small, there's not a lot of opportunity to find out about it, transfer some money, have it credited, and get in on the loan before it's fully funded. I try to leave a few quid available in my account for just such occasions. I realise it dilutes/reduces my FS return, but it's coming from a current account that doesn't pay any interest, so the cost of the idle money really is minimal. Normally I do but forgot to top up after last investment. Surprised I got as close as I did, given didnt spot your post until 50% gone. FS are slightly slower than MT - just not good enough! 
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mikes1531
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Post by mikes1531 on Apr 1, 2015 10:55:39 GMT
It looks like the Yacht loan (1510716293) that's due today is going to be renewed. There's a yacht loan at the top of the Upcoming Loans list that's for the same amount (£6k), and with the same asset value (£25k), as the maturing loan. There's no comment on the maturing loan's page, but I'll guess that fundingsecure just haven't got around to updating that yet. Presuming that many of the existing lenders are willing to roll their investment over into the new loan, there's won't be a lot to offer new lenders, so I'd expect a pretty low maximum bid limit. And possibly not even any advance notice of exactly when the loan was becoming available? PS. I should have checked my email before posting the above. The renewal loan goes live at 1000 tomorrow, with a £50 maximum new bid. |
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SteveT
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Post by SteveT on Apr 1, 2015 10:57:10 GMT
Email received from FS earlier this morning:
There is a new loan being posted tomorrow, 2nd April, at 10:00. This is for £6,000 secured against a yacht, valued at £25,000.
This is a renewal of an existing loan as the borrower has paid the interest to renew the loan for a further 6 months.
The loan is offering interest of 13% pa.
There will a bid restriction, for new bidders, of £50 for the first 24 hours.
Roll-Over Requests
If you have an investment in the previous loan ref 15107126293 you have the option of rolling-over the capital into the new loan which will be for a maximum period of 6 months. The interest will, in any case, be paid into your account,
Click here for further details about roll-overs
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Post by Come_on_Grandad on Apr 1, 2015 10:59:10 GMT
It looks like the Yacht loan (1510716293) that's due today is going to be renewed. There's a yacht loan at the top of the Upcoming Loans list that's for the same amount (£6k), and with the same asset value (£25k), as the maturing loan. There's no comment on the maturing loan's page, but I'll guess that fundingsecure just haven't got around to updating that yet. Presuming that many of the existing lenders are willing to roll their investment over into the new loan, there's won't be a lot to offer new lenders, so I'd expect a pretty low maximum bid limit. And possibly not even any advance notice of exactly when the loan was becoming available? Did you not receive an email this morning, mikes1531 ... "There is a new loan being posted tomorrow, 2nd April, at 10:00. This is for £6,000 secured against a yacht, valued at £25,000. This is a renewal of an existing loan as the borrower has paid the interest to renew the loan for a further 6 months. The loan is offering interest of 13% pa. There will a bid restriction, for new bidders, of £50 for the first 24 hours."
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mikes1531
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Post by mikes1531 on Apr 1, 2015 11:02:25 GMT
Did you not receive an email this morning, mikes1531 ... Yes, I'm afraid I did. I just hadn't read it yet! Now where's that red-faced smiley when I need it? 
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ilmoro
Member of DD Central
'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 Apr 2, 2015 9:22:31 GMT
See the Railwayman's back again for a fourth loan @3pm. Interesting to see how quick this one fills. No chance on the yacht as it was late and Id clicked away to make sure Id got the time right. Gone 5seconds later, obviously nearly completely rolled  |
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Post by Deleted on Apr 2, 2015 9:23:58 GMT
About 2 minutes late, got bored and only just grabbed it.
Railwayman, I might nibble rather than bite
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mikes1531
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Post by mikes1531 on Apr 2, 2015 19:30:55 GMT
Gone 5seconds later, obviously nearly completely rolled Since the list of bids seems to be in order of time submitted, the rolled over bids ought to be at the bottom, and only bids above the topmost one in excess of the £50 maximum would be new bids. If that's correct, then it looks like about £5k was rolled over, leaving only about £1k for new bidders. Which would explain why it disappeared so quickly.
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mikes1531
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Post by mikes1531 on Apr 14, 2015 11:12:50 GMT
Today's loan renewal seems to have opened about 70% funded from rollover investments -- and was fully funded in less than a minute!
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hendragon
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Post by hendragon on Apr 15, 2015 11:07:20 GMT
new unannounced £500 (£25 bid) watch loan available.......not a lot left
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ilmoro
Member of DD Central
'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 Apr 15, 2015 11:30:35 GMT
new unannounced £500 (£25 bid) watch loan available.......not a lot left Good spot. Not whizzing out. Managed to transfer funds & invest. Been £50 left for a few minutes Edit. Gone, took nearly 10min for last £100 to go
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mikes1531
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Post by mikes1531 on Apr 17, 2015 10:39:13 GMT
Today's Shropshire property loan has gone live. The announcement of the loan stated "Additional details will be available on the loan page". The only additional info I can see on the website is the loan number and the words "Good Condition".
Is this all the info FS are prepared to give in order to encourage investors to give them £59k? Am I the only one who considers the available info to be inadequate to allow a proper evaluation of the investment? For instance, they don't even state that there are no other charges against the property (i.e. that FS will have the first charge). I guess we're supposed to presume that's the case, but I don't feel that I should be making investments based on presumptions.
Does anyone else feel similarly?
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madpierre
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Post by madpierre on Apr 17, 2015 10:57:14 GMT
Today's Shropshire property loan has gone live. The announcement of the loan stated "Additional details will be available on the loan page". The only additional info I can see on the website is the loan number and the words "Good Condition". Is this all the info FS are prepared to give in order to encourage investors to give them £59k? Am I the only one who considers the available info to be inadequate to allow a proper evaluation of the investment? For instance, they don't even state that there are no other charges against the property (i.e. that FS will have the first charge). I guess we're supposed to presume that's the case, but I don't feel that I should be making investments based on presumptions. Does anyone else feel similarly? I'm with you on that one Mike. I am new to FS and knowing how quickly some of these loans can go, I jumped straight in with a bid due to the favourable LTV. I then searched for the additional detail and as you say there wasn't really any. It doesn't encourage me to risk much on this platform
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bugs4me
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Post by bugs4me on Apr 17, 2015 11:12:24 GMT
Today's Shropshire property loan has gone live. The announcement of the loan stated "Additional details will be available on the loan page". The only additional info I can see on the website is the loan number and the words "Good Condition". Is this all the info FS are prepared to give in order to encourage investors to give them £59k? Am I the only one who considers the available info to be inadequate to allow a proper evaluation of the investment? For instance, they don't even state that there are no other charges against the property (i.e. that FS will have the first charge). I guess we're supposed to presume that's the case, but I don't feel that I should be making investments based on presumptions. Does anyone else feel similarly? I've invested but at the same time agree with your sentiments about evaluation. As has been mentioned before, the information now being supplied by FS for loans appears far less than it was a while back. No doubt they feel they have enough willing lenders to simply put anything on the platform and it will be funded - so why bother with the detail.
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