Update - Containers, ATR and General

Albrate are very fortunate to have such supportive lenders as yourself, James. This is not a normal withdrawal, in that the funds are locked into a bid and the bids on this ATR are already shown on the account history as withdrawals. There is nothing much in the account to withdraw. I wish a facility to be provided so that either on the platform or by communication with the Albrate customer service 'team' (what form does that take?) I and others who wish can have their bids returned to their accounts, to use as they wish. And that to be done without compromising the identity on this public forum of anyone who wishes to have their bids returned. That was agreed by Albrate on Monday, but surprisingly not done yet. (Do you see a pattern emerging?)

I take no notice of any reasons given for not doing what should be done - especially after 78 days of repeated predictions and promises, with a status of 'awaiting borrower approval'. Do you have any personal additional knowledge about the status of the underwriting other than what is on this forum or the platform? I would say that difficulties can strike any human individual - I could be run over by a bus this afternoon - but that any serious credible business, underwriter or platform operator, should not be reliant on a single individual's attention to conduct its business. How many such named individuals is the completion of this loan reliant on? Do they not all have deputies who can step in? Now put it in the context of a loan which was known to need underwriting from the start, in that Ablrate was never going to raise £2.4M in bids. Adding the 60 days bid period, Ablrate had had 138 days at least to arrange underwriting. The lack of underwriting facilities was never made know to me when I bid, way back in April [see il moro's post below - I may be wrong here].

It is time, or do others think that unreasonable?

blender; no,I don't think it's unreasonable. I'm probably somewhere between yourself and james. I maybe naive but I do trust ablrate to eventually pay the accrued interest on this loan, however it has not been handled well and the constant failure to implement promises is becoming increasingly worrying. James is undoubtedly very supportive of this platform but to be fair I was probably in the same position only a couple of weeks ago.

I worry that a lot of support is ebbing away on a daily basis and every broken promise just accelerates this, and along with loss of support goes a loss of potential investment money. It's a pity because I for one thought that this platform could have been a successful "stayer",but now I'm far from sure.

blender - have you actually asked for your funds back, as per the post in feedback, and they havent followed through? 

I thought that the loan write up stated that there was no underwriting, though I cant check as theyve changed the format, but I remember being surprised at the time given the size of the loan.

Fair enough. Most loans did have underwriting if I recall. Does seem a bit odd the way its been done.

Incidentally Instant returns have now been paid up to date though dashboard is still stuck!

ablrateandy what is happening with ATR 42-500 to Government Owned Airline (Refinance) ?

Edit - spooky timing, webwiz has just asked same question on a separate thread. We must have been typing at the same time. However it does show there is general concern from lenders about lack of progress.