blender
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Post by blender on Apr 16, 2015 15:02:30 GMT
I think that most people will list the parts continuously at par and some offer parts at a discount when there is a better opportunity to recycle the capital, or one is expected. Personally I have never experienced the end of a term yet, but I do expect to in a few months..
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Post by davee39 on Apr 16, 2015 16:22:15 GMT
I have to confess I go for a big discount as soon as the loan is accepted, aiming to shift the lot in a couple of hours and before more parts and bigger discounts appear. Works so far!
I will not, of course, be sniffing at the 7.5% loan just appeared.
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coop
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Post by coop on Apr 16, 2015 16:47:39 GMT
I usually list at par then go to 0.5% discount when more cb comes along. This has worked previously but recently 0.5% isnt enough to sell much quickly on newer property loans.
I don't plan on discounting much further than that though; but I might change my mind when it's not long from term; I don' want to hold too much in RBR loans.
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markr
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Post by markr on Apr 16, 2015 21:37:00 GMT
I keep everything that had cashback up for sale at par, and it trickles away, even stickier loans like Cheshire will get chipped away at. I don't buy more than I'm happy to keep to term so sales are a bonus but so far I haven't had to hold anything to term.
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coop
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Post by coop on Apr 17, 2015 9:07:01 GMT
I usually list at par then go to 0.5% discount when more cb comes along. This has worked previously but recently 0.5% isnt enough to sell much quickly on newer property loans. ignore that I just sold 14 parts of 12052 at .5 and .6% discount in about 15 hours.
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Post by GSV3MIaC on Apr 17, 2015 15:18:04 GMT
I keep everything that had cashback up for sale at par, and it trickles away, even stickier loans like Cheshire will get chipped away at. I don't buy more than I'm happy to keep to term so sales are a bonus but so far I haven't had to hold anything to term. 'Snap!'. They may take 6-12 months to sell at par (especially if Fancy Crowdfunders are trying to unload a bunch of their own, also at par), but that's not really an issue, unless you are really into high speed churning.
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eddie
i have put up with a great deal from the likes of you people, a very great deal....
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Post by eddie on Jul 29, 2015 19:01:16 GMT
Do we still recieve interest while the loan parts are for sale? i dont see where it says they are.
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eddie
i have put up with a great deal from the likes of you people, a very great deal....
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Post by eddie on Jul 30, 2015 16:54:44 GMT
Thanks Peperpot, so you could presumably leave loans for sale permanently and still recieve interest payments? Hmmm, might shift some of my low interest auto bids i bought befor i grew wise to the SM
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SteveT
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Post by SteveT on Jul 30, 2015 16:57:49 GMT
Thanks Peperpot, so you could presumably leave loans for sale permanently and still recieve interest payments? Hmmm, might shift some of my low interest auto bids i bought befor i grew wise to the SM SM listings expire after 2 weeks, so "permanently" involves relisting those that don't sell after a fortnight.
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Post by GSV3MIaC on Jul 30, 2015 17:25:38 GMT
Yep, and a useful approach is to re-list them at a 0.1% lower mark-up than last time (if you can remember what that was). Or some more aggressive revaluation approach. Listing a 12% A at 3% mark-up and leaving it there forever is (or would be, if it was allowed) a recipe for getting stuck with it if rates move against you over the long haul (and the buyer rate gets lower and lower as there are fewer repayments remaining).
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mikeb
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Post by mikeb on Jul 30, 2015 17:46:12 GMT
Thanks Peperpot, so you could presumably leave loans for sale permanently and still recieve interest payments? Hmmm, might shift some of my low interest auto bids i bought befor i grew wise to the SM SM listings expire after 2 weeks, so "permanently" involves relisting those that don't sell after a fortnight. SM loans expire after "up to" 2 weeks. They expire at 2 weeks. They [can] also expire if the loan becomes due for a payment (it becomes not-for-sale and not-saleable, until the payment clears). It then is NOT returned to the market, you have to relist it. And yes eddie you can try and leave loan parts dangling continuously to see who bites. I do ...
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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 Jul 30, 2015 18:56:51 GMT
They also expire if the loan becomes due for a payment (it becomes not-for-sale and not-saleable, until the payment clears). It then is NOT returned to the market, you have to relist it. Do they? I have multiple parts on sale which have had payments made and none of them have been automatically delisted before the payment. Does that mean False Conveyancing is pulling the wool over my eyes and I have to manually delist & relist after each payment (or the loan wont show on the SM)? Actually I sold a part today, the day after it made its interest payment, and didnt have to relist it. Or does that not apply to interest only property loans just amortizing SME loans?
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pom
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Post by pom on Jul 30, 2015 19:08:18 GMT
I've had a fair few I've noticed have stayed on beyond their payment date too, and I've not even been selling that long.
Maybe they only drop out if they stay in "processing" too long?
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sl75
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Post by sl75 on Jul 31, 2015 10:47:47 GMT
They expire at 2 weeks. They also expire if the loan becomes due for a payment (it becomes not-for-sale and not-saleable, until the payment clears). It then is NOT returned to the market, you have to relist it. You cannot rely on this behaviour (but need to be aware of it if you were expecting all loan parts to remain listed for the full 2 weeks). If the payment has already cleared before the payment due date, the system can process the repayment immediately, without removing the loan parts from sale.
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Post by GSV3MIaC on Jul 31, 2015 14:34:35 GMT
Hey, this is Furious Confusion we are talking about - you can't rely on ANYTHING. Dates, times, loan amounts, names .. anything you can think of .. has to be regarded as fluid and checked at every opportunity (bid amounts being less than the loan total, cancelled loans showing 0% bid, cashback remaining as originally stated, I could go on for hours about things not happening like you would expect, as was promised on the tin, or as any sensible person would organise it). Listing of loan parts (when, if and for how long) definitely falls into that category.
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