SteveT
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Post by SteveT on Dec 18, 2015 15:40:59 GMT
Yeah - I really didn't get what they meant by that. Your suggestion sounds sensible, but I couldn't conclude that from what they'd written. Nor was it clear how the "new prefunding limits, based on the sum of your portfolio, plus cash on account" would be set. And finally it wasn't totally clear which pipeline loan the "Land in Essex" that they said will go live today referred to either ... the storage facility? If you check your account, you'll find that the maximum pre-fund the drop-downs offer you is set to the value of your current portfolio (all loans held) plus any cash you have on hand. Or at least, all values above that figure have disappeared. [And yes, the Essex storage facility has just been numbered as Pebble 73 and the Huntingdon Farm as Pebble 74]
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bjorn
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Post by bjorn on Dec 18, 2015 15:46:18 GMT
If you check your account, you'll find that the maximum pre-fund the drop-downs offer you is set to the value of your current portfolio (all loans held) plus any cash you have on hand. Or at least, all values above that figure have disappeared. Thanks. That seems a bit of a high limit to set though - I can't imagine many people want to invest the value of their total portfolio into a single loan. And if they're going to be allocating in a different way anyway, then I wonder what purpose this serves?
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mickj
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Post by mickj on Dec 18, 2015 15:54:44 GMT
Yeah - I really didn't get what they meant by that. Your suggestion sounds sensible, but I couldn't conclude that from what they'd written. Nor was it clear how the "new prefunding limits, based on the sum of your portfolio, plus cash on account" would be set. And finally it wasn't totally clear which pipeline loan the "Land in Essex" that they said will go live today referred to either ... the storage facility? If you check your account, you'll find that the maximum pre-fund the drop-downs offer you is set to the value of your current portfolio (all loans held) plus any cash you have on hand. Or at least, all values above that figure have disappeared. [And yes, the Essex storage facility has just been numbered as Pebble 73 and the Huntingdon Farm as Pebble 74] There must be a base setting, I am still seeing 10k max in the dropdowns, much more than my portfolio & cash.
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SteveT
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Post by SteveT on Dec 18, 2015 15:56:57 GMT
If you check your account, you'll find that the maximum pre-fund the drop-downs offer you is set to the value of your current portfolio (all loans held) plus any cash you have on hand. Or at least, all values above that figure have disappeared. [And yes, the Essex storage facility has just been numbered as Pebble 73 and the Huntingdon Farm as Pebble 74] There must be a base setting, I am still seeing 10k max in the dropdowns, much more than my portfolio & cash. Yes, all lenders get a £10k minimum pre-fund option, although that's probably more or less redundant now that sub-£1m loans are going to be allotted equally.
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jamesc
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Post by jamesc on Dec 18, 2015 16:01:22 GMT
Very surprised given we have been told to expect a £4MLN plus new loan this pm that there is no selling in the SM ? Also what's the betting for the pre funding in PBL73 ?
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ablender
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Post by ablender on Dec 18, 2015 16:04:35 GMT
I think they have taken the best of all ideas and came out with a balanced package.
For loans under £1 million, bottom up until loan is filled (or until one reaches his/her maximum pre-fund, whichever is first)
In any case one cannot pre-fund more than their portfolio+cash or a minimum allowance of £10000, whichever is the greatest.
I think that this is a great step forward which should satisfy, if not everyone, most of us. It leaves room for small lenders and big pockets alike.
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dp
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Post by dp on Dec 18, 2015 16:04:49 GMT
Cant see anything going live at this time, late on a Friday......
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SteveT
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Post by SteveT on Dec 18, 2015 16:05:37 GMT
Very surprised given we have been told to expect a £4MLN plus new loan this pm that there is no selling in the SM ? Also what's the betting for the pre funding in PBL73 ? £160 maximum each [NB. guess relates to PBL74, not PBL73]
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jamesc
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Post by jamesc on Dec 18, 2015 16:08:44 GMT
Have I missed something it said in the e mail the land in Essex to do live later today ? Is that not PBL 73 £4.58Mln ?
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kermie
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Post by kermie on Dec 18, 2015 16:09:00 GMT
> £160 maximum each. Any rationale behind that - sounds like a scarily low figure to me if true!
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Post by smrutib on Dec 18, 2015 16:09:50 GMT
The way I interpreted the prefunding change for sub 1M loans was this - the lowest bids get filled first. So if you bid too high then you might not get anything.
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SteveT
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Post by SteveT on Dec 18, 2015 16:09:53 GMT
Have I missed something it said in the e mail the land in Essex to do live later today ? Is that not PBL 73 £4.58Mln ? My mistake. I was thinking of Pebble 74 (the farm).
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Post by Deleted on Dec 18, 2015 16:15:07 GMT
just noting that deals around divorces can get messy
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kermie
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Post by kermie on Dec 18, 2015 16:17:17 GMT
PBL073 - Essex - now Live. I got my requested £2k.
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johnfleet
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Post by johnfleet on Dec 18, 2015 16:17:34 GMT
looks like the new system is working to the advantage of small investors - I've just been allocated exactly my pre-fund bid on the farm...
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