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GBBA
Aug 4, 2015 22:24:37 GMT
Post by chris on Aug 4, 2015 22:24:37 GMT
How does the GBBA rate verses manual targets on either loans when they go onto the market or when people are looking to reduce their manual holdings? I'm meaning in the case where total demand is greater than the supply of entry in a loan? I've seen the comments on manual vs manual but wondered how GBBA played into the mix. I'm assuming that overtime it will start to sweep up all the odd bits of loans, reducing the amount showing as available on the main loans page. At the moment all investment forms are being treated equally within the same algorithm, doesn't matter what account the buyer or seller is in. With the next update there will be some weighting applied to benefit the investment accounts in a restricted supply environment, but that is offset by trading at a discount (and possibly premium) for the MLIA. The account will spread itself over as many loans as it can, so yes I would expect it to hoover up odd bits of various loans over time as well as spreading funds as it is able into new loans as they draw down.
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sl75
Posts: 2,092 
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GBBA
Aug 4, 2015 22:47:48 GMT
Post by sl75 on Aug 4, 2015 22:47:48 GMT
On Manual fund and Green fund, my dashboard tells me amounts Awaiting Investment + Currently Invested + Total Investment
I put a few hundred into GBBA yesterday, but dashboard just shows Total Investment. I know it's all invested, as if I click "adjust investment" it tells my how much is invested. Why can't it show on the dashboard the same as the other 2 accounts? As I recall, the MLIA and GEIA also show like that if the "Awaiting Investment" amount is EXACTLY zero (e.g. after withdrawing the balance to the cash account and cancelling the withdrawal target for the overshoot).
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duck
Member of DD Central
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Post by duck on Aug 5, 2015 7:07:22 GMT
Whilst my business and I will remain as manual investors I am currently ensuring that my partners tax allowance is fully utilised.
To this end she became a new Assetz Capital investor yesterday.
I'm sure that chris will be pleased to read that 1. As a non regular to P2P/P2B she found signing up easy with verification instantly passed. 2. Faster payments worked quickly. 3. With 1K allocated to the GBBA the algorithm worked well and the 1K was quickly shown as invested (couple of minutes max).
I was interested to see what had been bought and in what quantities (some I hold, some I don't) although I did have to explain why multiple small amounts of the loan had been bought as the £1K was 'consumed'.
Getting a new investor started was what I would describe as a 'painless process' which IMO is a great way of getting word of mouth recommendations to potential new investors. Whilst I am happy to invest without a PF my partner is more risk adverse, so in her case (probably the case with a lot of other potential investors) the PF is an important feature. Add to this not having to spend hours on DD makes the GBBA an attractive proposition.
To me the biggest 'advance' in recent months has been the faster payments. Whilst I had got used to the couple of days I believe that new investors in the GBBA would not have accepted the wait (or been overly frustrated) ........ so I see all the major pieces in place.
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GBBA
Aug 5, 2015 8:34:44 GMT
sl75 likes this
Post by stuartassetzcapital on Aug 5, 2015 8:34:44 GMT
Hi badger - the missing figures are because all your cash is invested I believe so the awaiting investment figure and actually invested figures are not required - it might be a little helpful to show them I accept but it was streamlined I understand to keep the screen as simple as possible where the situation was a simple one. |
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GBBA
Aug 5, 2015 8:37:52 GMT
Post by stuartassetzcapital on Aug 5, 2015 8:37:52 GMT
Thanks for the feedback duck, nice to hear. |
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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GBBA
Aug 5, 2015 9:23:22 GMT
Post by sqh on Aug 5, 2015 9:23:22 GMT
LL4 has just drawndown and been fully allocated. It is a 15% loan and so would be popular, but I wonder if any went to the GBBA.
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GBBA
Aug 5, 2015 9:55:10 GMT
Post by chris on Aug 5, 2015 9:55:10 GMT
LL4 has just drawndown and been fully allocated. It is a 15% loan and so would be popular, but I wonder if any went to the GBBA. I doubt any would have been picked up as there wouldn't have been any idle cash available at the point of draw down. There's enough supply at the moment that there's no weight of cash waiting for those opportunities.
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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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GBBA
Aug 5, 2015 9:56:11 GMT
Post by ilmoro on Aug 5, 2015 9:56:11 GMT
LL4 has just drawndown and been fully allocated. It is a 15% loan and so would be popular, but I wonder if any went to the GBBA. Doesnt seem to have, certainly not prompted it into a frenzied rebalancing to take into account a new loan. Not sure that a loan paying twice the standard GBBA rate would qualify, might prompt a few questions. Edit: Its just woken up as I type, but only a minor rebalance with existing loans. Seems to only be 5 loans it buys currently, possibly down to avaliability but its not touching #181 Edit 2: crossed with Chris
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GBBA
Aug 5, 2015 10:02:48 GMT
Post by chris on Aug 5, 2015 10:02:48 GMT
LL4 has just drawndown and been fully allocated. It is a 15% loan and so would be popular, but I wonder if any went to the GBBA. Doesnt seem to have, certainly not prompted it into a frenzied rebalancing to take into account a new loan. Not sure that a loan paying twice the standard GBBA rate would qualify, might prompt a few questions. Edit: Its just woken up as I type, but only a minor rebalance with existing loans. Seems to only be 5 loans it buys currently, possibly down to avaliability but its not touching #181 Edit 2: crossed with Chris #181 fails the LTV check
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Likes: 1,212
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GBBA
Aug 5, 2015 10:18:04 GMT
Post by sqh on Aug 5, 2015 10:18:04 GMT
Doesnt seem to have, certainly not prompted it into a frenzied rebalancing to take into account a new loan. Not sure that a loan paying twice the standard GBBA rate would qualify, might prompt a few questions. Edit: Its just woken up as I type, but only a minor rebalance with existing loans. Seems to only be 5 loans it buys currently, possibly down to avaliability but its not touching #181 Edit 2: crossed with Chris #181 fails the LTV check LL4 is displayed as having an LTV of 41.15%, so what criteria do you use for the GBBA LTV rating?
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GBBA
Aug 5, 2015 10:20:31 GMT
Post by chris on Aug 5, 2015 10:20:31 GMT
LL4 is displayed as having an LTV of 41.15%, so what criteria do you use for the GBBA LTV rating? Property security only, which gives an LTV just over 78%.
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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
Posts: 11,330
Likes: 11,549
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GBBA
Aug 5, 2015 10:51:05 GMT
Post by ilmoro on Aug 5, 2015 10:51:05 GMT
LL4 is displayed as having an LTV of 41.15%, so what criteria do you use for the GBBA LTV rating? Property security only, which gives an LTV just over 78%. While that criteria is clear in the general account description, it isnt in the 'proposition' section, 'Loan Selection Criteria' where it just uses the term 'realisable security'. That seems somewhat vague particularly as in the first criteria although property is highlighted it then lists various other security types including 'other realisable assets'. Surely security has to be potentially realiasable or it isnt security and in extreme circumstances all security might be unrealisable. Probably needs wording tweaking to be absolutely clear.
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Post by chris on Aug 5, 2015 10:54:16 GMT
ilmoro I'll pass your message on to the content team
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sl75
Posts: 2,092
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GBBA
Aug 5, 2015 11:43:56 GMT
Post by sl75 on Aug 5, 2015 11:43:56 GMT
LL4 is displayed as having an LTV of 41.15%, so what criteria do you use for the GBBA LTV rating? Property security only, which gives an LTV just over 78%. Where is this figure displayed, to allow MLIA investors who wish to follow a similar policy to the GBBA to do so? Edit: having received my allocation of LL4, I sold down a chunk of LL3, which shows a lower LTV of 31.82% (vs 41.14%), and was curious about whether all the tonnes of shrapnel went to MLIA investors only, or might have been allocated to GBBA accounts too.
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GBBA
Aug 5, 2015 11:44:50 GMT
Post by chris on Aug 5, 2015 11:44:50 GMT
Property security only, which gives an LTV just over 78%. Where is this figure displayed, to allow MLIA investors who wish to follow a similar policy to the GBBA to do so? It's not currently, it would be up to you to calculate if that's the strategy you wish to follow.
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